Nope. Moomoo price still cannot beat pure IB at USD0.35 tiered pricing. Not to mentioned they don't have access to UK market which means no Ireland Etf.

It's USD1.99 for moomoo Vs USD1.50 for TSG.
TD is 0 (only cost one bear is TT fees + bank rates)
Webull is 0 (only cost one bear is TT fees + bank rates)
First trade is 0 (only cost one bear is TT fees + bank rates)

Yes they accept Malaysian as customer.

This post has been edited by Ramjade: May 29 2021, 10:34 AM

You can try first trade. It's free but restricted to only US market.

No one will give free withdrawal unless you withdraw to say US bank account.

Free in terms of totally no commissions.

Don't bother using tradestation global. Just login using IB and buy. IB will pop up same warning. It's sort of like scare tactic cum advertisement to make you pay for real time data. Just click produced without our real time data.

Wirhsrawla is free once a month. But if you do a TT back to Malaysia expect to be charged say US25/withdrawal + any other fees th bank wants to charge you.

I think Jack12 is providing such service.

Issue is
1. How much you trust your friend? You could have give him RM and he never give you the SGD.
2. Second issue banks will question where is the SGD coming from if you are doing it on regular basis.
3. Third you don't know if the SGD he is giving you clean or not as it could be from human/drug trafficking and using you just to laundry his money.

Something to think about.

Yes everything taken care by IBKR. Nothing to do on your part. We don't have capital income tax yet. There are talks that capital gain tax may come soon maybe in few years time.

As long as it's Ireland domiciled etf your dividend tax is only 15%.
US domiciled etf and stocks incur a 30% dividend tax. No capital gain as you are not US citizen.

Keep in mind that there is a estate tax on us stocks and etf upon your death. First USD 60k is free of charge.

Yes and no. It's not $1.50. But it's £1.50 or min 0.12% whichever is higher.
https://www.tradestation-international.com/...ng-commissions/

If you use pure interactive broker it's £1.00 or min0.05% whichever is higher

Don't just compare like that. Must compare with dividends reinvested.

I read somewhere because of dividend tax, the Ireland one perform better over long term. Can't find the article anymore.

This post has been edited by Ramjade: Jun 27 2021, 10:40 AM

People said TransferWise cannot transfer USD Into IBKR. Only EUR
If you have borderless account you can bank in USD as it's considered local transfer under your own name.
But since TransferWise shut down borderless account for Malaysian unlikely you will have it.
Which means any USD transfer coming from Ibkr is considered third person transfer which means automatically blocked by IBKR.

If you go by CIMB sg route, money will go without any fuss. Not to mentioned conversion inside Ibkr inside Ibkr is spot rate which is cheaper than what TransferWise can offer you.

Not to mention by using TransferWise to transfer money into Ibkr, Ibkr will question you for source if money 6-7 months down the line. Failing to give satisfactory answer or refusal to give Ibkr answer after being contacted x3 will have your account ban.

No such issues if using CIMB sg as the transfer is from the bank under your name.

Hope this helps.

Wait a few days. It will be returned to you.

Just use CIMB sg- to deposit in SGD. No problem down the road in the future. Then use Ibkr to convert into USD or GBP.

Keep in mind they will ask proof of transfer, proof of funds 6-7 months down the road. Kindly take note. This is p ice to pay by using TransferWise. No such issue if money come from sg banks.

Or course. I submit my request to delink tsg from IBKR and will be using pure IBKR once my delink request successful.

No need transfer. Just delink enough.

Yes. But make sure to set up your sg bank account before proceeding to open interactive broker.

Ibkr have commisonn free etf but I don't think they have for lse.

They already told.you.


The usd0.35 is if you are buying stocks or etf straight from US market.

This post has been edited by Ramjade: Aug 19 2021, 01:36 AM

alekos see this. Ark is superior to s&p500 if one were to invest from 2015->2021
https://www.portfoliovisualizer.com/backtes...analysisResults

Key in spy asset 1 100%, arkk asset 2 100% and arkw asset 3 100% duration 2015 to 2021

This post has been edited by Ramjade: Aug 19 2021, 01:51 AM

Use the link I posted above and see for yourself. If one invest in arkk/w Vs sp500 since 2015, the outperformance is huge.