Hi all, I'm new to ETF investment (sorry for the noob questions I'm going to ask). Thank you to TS and all for sharing your knowledge.
I have recently opened an Instarem account and Tradestation Global.
For Instarem I opted for whatsapp video call and did not need to meet them face to face. My Instarem account was activated the next day itself.
For Tradestation Global I only submitted my bank statement with my house address and the account was ready for funding in 6 days.
I hope you can help me with some questions below:

1) I tried to fund my Tradestation Global account directly using Instarem to transfer Euro (from MYR) since 5th March, going into 1 week soon yet the status is still "processing". How long does it usually take for funds to be transferred? I attached screenshot below, did I fill anything wrongly?
IB screenshot:

Instarem screenshot:


I wonder if funds can be transferred faster if I were to open a CIMB sg account.

2) I'm interested to buy either SXR8 or CSP1. Did I choose the correct tickers below? Since I'm funding in Euro (so that can Instarem directly), maybe SXR8 is a better option.

SXR8:

CSP1:


3) I understand that SXR8 and CSP1 are accumulating dividend. Do I still need to sign this dividend reinvestment agreement in the IB website?



Thank you in advance for your kind help.

it seems our brother alexkos here used to take 16 days for such remit of (myr -> instarem -> USD/EUR tradestation global)?

for me i i take another route instarem/BigPay -> SG bank -> SG tradestation -> convert to USD/EUR through tradestation
because I cant stand my money in remit and no news for two weeks+ , my anxiety will drive me crazy haha

This post has been edited by tadashi987: Mar 11 2020, 11:31 AM

for your question 2:

i saw CSP1 is crazy high price 21,453.00 GBX

but basically if u look from justetf website they are same etf



and you're funding in EUR, i think just do as alexkos hoot SXR8

for your question 3:

ya should be not essential in this case so just agree and proceed

MWR and TWR, which is more accurate?



This post has been edited by moosset: Mar 12 2020, 01:40 PM

until ibkr shows us formula for calculation and we find errors...got to assume both are equally accurate.

CSP1 is crazy high price 21,453.00 GBX

actually only 214.53 GBP

dunno how to read.... hehehe

Hi guys, am new to this S&P 500 investing but already invested in SA.

I have a few questions, if some have been asked before, please do give me the link to the post/page and I'll go read it.

1) How long does it take to transfer from instarem to tradestation global? Also, how much should I transfer since minimum is 1k USD (I'm planning to get 7-8k worth in one go, should I transfer - cost per ETF * 6/7 + 1.5 euro + extra to be safe ?

2) If I buy it outside EU's market hours, what price will I get? Also, when would be the best time to buy then?

3) As I understand, 15% tax from Ireland-domiciled ETF is only on the dividends and not capital gain, correct?

4) Instarem can only transfer in EUR to TS, and not USD, as I read from previous posts. So I'm only able to get SXR8 and CSPX:NA ?

5) I would like to invest in tech sector but the options are limited for European listed ETF's on US tech sector. Can I purchase this : https://www.bloomberg.com/quote/IUIT:LN and it would be similar to getting SXR8?

Sorry I have lots of questions, am new to this!

1) instarem to trastation global as per others experience should be two weeks ore more. your transfer amount should be alright.

2) it depend on your set buy price? just like u purchase stock.

3) correct.

4) correct, in a way.

5) ya can. Cant say it is similar to SXR8. SXR8 is holdings from cross sector. IUIT is holdings on tech sector.

SXR8 looks to be green already... I haven't top up yet.

Found something useful for those who is holding US ETF / Stocks directly, google keyterm = US ETF estate duties

with US complicated tax system e.g. estate duties, capital gain tax
It's basically asking Malaysian to avoid US ETF / Stocks if possibble.

Non-US investor's guide to navigating US tax traps

Estate Duty for Non-US Resident



This post has been edited by tadashi987: Mar 14 2020, 07:21 PM

hehe yes. i take bogleheads as the gospel.

malaysian = ireland-domicled

Hi, just got my IB and instarem account approved. Thanks tadashi for answering my enquiries!

I'm trying to transfer funds through instarem and linking my IB account to tradestation. But I'm facing an issue.

1) I can't seem to find the option to Move my account to 3rd party broker (Tradestation), is it because I have no funds yet in my IB account?

2) What phone number and email should I put for the recipient in the transfer details? Other details like IBAN are provided after creating my fund transfer notice.

Sorry for spamming the thread with questions, but I did try googling and searching the thread but to no avail

1) dont quite understand your meaning of "move my account to 3rd party broker", but indeed you need to fund the minimum deposit to IB (Tradestation) first, they received then only you can proceed with subsequent funding

2) phone number / email on instarem or IB?

Sorry for not being clear enough.

1) The option in this image : https://www.tradestation-international.com/...account-tsg.png

Do I need to transfer funds first ?

Also I read there is a 500USD minimum deposit, so all transfers to Tradestation should be more than 500USD? aka more than RM 2.1k?


2) When transferring to Tradestation from Instarem, Tradestation provides these details : https://www.dropbox.com/s/itb27onpz5y8f6o/S....16.56.png?dl=0

But Instarem requires an email address and phone number, but I can't find an 'official' Tradestation email and number.

Thanks again for helping me out !

This post has been edited by Syncing: Mar 16 2020, 10:18 AM

phone number if i remember u use ikbr punya phone number. email address also.

I am able to find their UK/Europe number, but not their general email.
Their support page says to prevent spam, they ask you to send a message over their message center.

Been searching up and down their website to find a single email address

can...u sure can find one..hehe.... i rmbr got

https://www.interactivebrokers.com/en/index...?f=1560&p=email

Yup that page doesn't provide an email because

Anyways, I have also messaged them through my account's message center and from another unregistered email.