wah, looks like myr-sg-tradestation path really save a lot wei....

forex also save,
trading commission also save

why alex so bodo?

itu sgd->usd follow investment bank kan? must be very cheap ~ 0.1%?
and trading commission around 2 USD per trade, made it substantially lower for subsequent recurring investment.
So let's say i aim 2k USD per trade, only incur 2 USD min, and that's around <RM8500 for each investment.... gooding wei!
huat liao lo, can hantam CSPX = iShares SP500 alex favorite in GBP.

i checked tradestation international website....dia cakap...

UK stocks = 1.5GBP per trade ...SUI...WIN LIAO.....

my sxr8 RM18k kalah liao....
instarem also 0.45%...

sian....money eaten

=======

but downside of this move is
1) need parking S$500 in maybank SG can't touch, if not kena penalty $2 per month
2) maybank SG opening fee eat RM25 courier
3) maybank SG annual fee how much? since they provide debit card, i think they sure eat annual fee

Is it worth it? S$500 = RM1500 non-investible sum....

This post has been edited by alexkos: May 18 2019, 06:59 PM

USD2 conversion process is done within Interactive Brokers - you convert at spot rate and pay 0.6bps (0.0006) of value traded or min USD2

Maybank iSavvy
i. yes you park $500
ii. I submitted forms to my local Maybank branch - they courier to Singapore for me (via DHL!)
iii. debit card is free no charge
iv. initial funding $500 can do with Instarem

CIMB SG FastSaver is another option:
i. no fall below fee, no debit card
ii. has FAST transfer which is the thing you need in this case
iii. initial funding $1000 - requirement is to do FAST transfer for initial funding $1000, but members have reported success performing CIMB MY -> CIMB SG and via Instarem
iv. high-ish interest for a Singapore account, not that you should park money too long - 1% p.a. for first $50,000, 1.5% after up to $75,000


I hold both accounts, pros of having Maybank:
i. outside the local big 3 DBS/UOB/OCBC - Maybank is top 7, is a qualified bank by MAS standard and back in Nov 2018 broke off from Maybank Berhad to form Maybank Singapore Limited
ii. if you plan to open a CDP account to trade shares with local brokers (whether paranoia of nominee account or want to attend AGM), Maybank supports EPS for shares
iii. 'teh tarik' funds every month between 2 accounts to keep from being dormant, I don't want to have to head down to Singapore just to re-activate a bank account

This post has been edited by roarus: May 18 2019, 10:08 PM

sui ah. additional question

1) tradestation annual platform fee got? can't find it
2) I saw tradestation got macam additional charge for LSE platform, and Netherland Amsterdam also....but my Captrader din charge me these *additional fees like clearing etc.
3) your cimb sg fastsaver recommend gooding. Looks like no annual fee this one. and S$10 for one debit card.. hmm.....
4) itu maybank since got debit card, i think sure got annual fee one. Can check?

sui,

Application review typically takes 1 to 2 business days following receipt of all required documentation.

1. No platform or inactivity fee - 0.5% stamp duty is waived for LSEETF
2. No fees under my Trade Confirmation statement, only commission
3. I didn't even activate my Maybank iSavvy debit card, therefore I did not request for a CIMB SG one
4. Confirm no annual fee for debit card

My statement comprising of:
1. SG stock SGX - SGD3.75 commission
2. US stock NYSE ARCA - USD1 commission
3. UK ETF LSEETF - USD1.91 commission (GBP1.5 equivalent)
4. SGD->USD - SGD2.72 commission (USD2 equivalent)


This post has been edited by roarus: May 18 2019, 10:49 PM

alex research house

tradestation
1) itu exchange fees for Netherland Amsterdam (SXR8) costs additional EUR 0.75 per ETF trade
2) If LSE, cheaper, exchange fee w/ clearing only 16 cent GBP, kasih dia lah.

Bonus fact

alex punya captrader charges zero exchange and clearing fee when hoot SXR8, and also commission 0.1% trade value (provided that you hoot 4k EUR and above). Even cheaper than tradestation 0.12% hehe

nice....alex bicara ongoing

itu cimb need keep min amount? can i parking S$1 and account still alive no penalty like Maybank SG?

with many advisers we shall succeed. Bcoz of you, i can save more $$

1) No annual platform fee.
3) Cimb card optional. No min fees. Keep zero inside also OK.
4) Maybank debit card no annual fees.

once tradestation account online, i'll hoot CSPX LSE hehe. Now thinking want USD or GBP mode....hmm....

power...this is really cheapest route

MYR -> tumpang kawan -> SG CIMB -> 2 USD IB rate -> GBP -> HOOT CSPX

total damage
assume kawan eat 0.1%
assume 2k USD fund transfer (0.1%)
tradestation commission (0.12%)

total damage = 0.32% WOW

If can psycho SG kawan, total cost become 0.22%.....

wah....

my instarem alone eat me 0.45%, Captrader eat 0.1%....total 0.55%.....alex white flag

If you got moo, go with pure IB. Even cheaper commision.

100k USD? apu.....now i earn min wage as per US standard....

With tiered commision, commision only cost few cents.

best selling point for tradestation is substantially reduced subsequent fund purchase

with only less than 2 USD commission, that means 2k USD or approx RM8500 per transfer.....good

So it seems it boils down to how often you push in EUR4000. If monthly, dude go for the mother Interactive Brokers directly - you'll hit USD100k in no time and enjoy tiered commission pricing. 2,3,4 months once is probably fine - 6 months or more is probably a drag and cost of opportunity

u buy for me la, then transfer share to my account.

Then i wire you ringgit....hehe

sadly alex saleri only allow 4k EUR (RM18k) funding ready every 6~9 months........ while gathering RM18k, i parking at FD waiting

so this tradestation thingy truly add values to my investing. RM8500 per wire is much more comfortable now.

ask your advice, if i hoot CSPX (LSE SP500), which one i should go for? GBP, or USD?