1. MY bank -> transferwise/instarem/bigpay/sunwaymoney -> Cimb SG -> Interactive broker (IBKR)-> Convert into USD/GBP via IBKR
Withdrawal will be Sell on IBKR -> Convert into SGD via IBKR -> CIMB SG -> Cimb Malaysia

Currency conversion and extra charges

RM to USD to IBKR

RM to SGD to USD to IBKR

The difference it is obvious

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.

I can. myr -> usd straight w/ wise

Set ibkr intention to receive
Send myr USD via wise

Should reach ibkr in few business days. Money will be stuck on hold for 3 to 4 days before masuk ur acc

Go back one page. Click 'transfer funds. Paste ur screenshot here

That's odd, I just signed up for Wise and I'm able to transfer USD to IBKR no problem.

Have a question for sifus here (apologies if its common), is the difference between investing in US funds and Irish funds significant for Malaysian? Assuming its index tracking ETFs with minimal dividends anyway.

VTI?

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.

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.

My accounts with IBKR and Wise are both relatively new. Used Wise for initial and a few more rounds of deposits already. No problem yet.

I think the conditions are satisfied - IBKR when you set a new deposit via Wise will give you your account ID to be input into Wise transfer reference.

You'll need both IBKR and Wise open at the same time to do it.

On IBKR homepage, top row, Transfer & Pay > Transfer Funds > Make a Deposit > Bank Wire.

On Wise, set the amount to be converted and transferred so you know how much USD you're sending IBKR. 

Back to IBKR, You'll need to fill in Wise details + amount that will be deposited, and click Get Instructions, which will give you IBKR's bank details and your IBKR ID to be used as a ref. number.

Back to Wise, fill in IBKR's bank details and your ref number, and send. Will take about 3 - 4 days to clear both Wise and IBKR for your money to be available for trade.

my experience

sunway money -> cimb sg [fast]
cimb sg -> shanghai bank (ibkr sg) [even faster]

hehe

You'll need both IBKR and Wise open at the same time to do it.

On IBKR homepage, top row, Transfer & Pay > Transfer Funds > Make a Deposit > Bank Wire.

On Wise, set the amount to be converted and transferred so you know how much USD you're sending IBKR. 

Back to IBKR, You'll need to fill in Wise details + amount that will be deposited, and click Get Instructions, which will give you IBKR's bank details and your IBKR ID to be used as a ref. number.

Back to Wise, fill in IBKR's bank details and your ref number, and send. Will take about 3 - 4 days to clear both Wise and IBKR for your money to be available for trade.

Hi guys, wanna ask for Tradestation Global, I see the cost for UK stocks are GBP1.50. Want to ask sifu sifu here, your account is denominated in USD or GBP?

Say my account is denominated in USD, and I buy say VUSA (denominated USD). Will TSG charge 1.5 GBP in GBP or USD? I just don't want to end up in margin/pay interest....

Interactive Brokers Eliminates Monthly Account Inactivity Fees

https://www.financemagnates.com/forex/broke...nactivity-fees/

https://investors.interactivebrokers.com/en...=1590&p=stocks2

According to the above, 0.05% or minimum GBP1.00

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

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