QUOTE(chewyl84 @ Dec 4 2020, 10:40 AM)
Hi there, thank you so much for this topic.
I'm ready to start an account with TradeStation Global. I read the FAQ on the first page, do I need to actually keep GBP2k float inside the TradeStation or 2k total invested?
I also saw in their website to open the account, we have to start with USD1k to start.
So if I use Instrarem to transfer USD1k, does that mean that I can only buy EFTs which are traded in USD? Or after I open the TradeStation, I can just transfer GBP1k and that would be acceptable as well?
They used to be 1k USD minimum @ TradeStation Global, as of 1st Dec they just changed that to minimum $2.5k USD holding (cash/stock portfolio) in TradeStation Global.
You can use InstaRem to transfer into IBKR (not in USD though) in other currencies (e.g. SGD), then do spot-rate conversion in IBKR ($2 commission) into USD. Or just use TransferWise if the nett amount is similar (and you can TransferWise directly into IBKR, tho they might be held back for days/weeks for review/audit). I tend to avoid TransferWise transfer into IBKR account and always go through my own overseas account.
For more on funding into TSGread more here:
Step-by-step to getting started via TradeStation Global (Interactive Brokers)QUOTE(pleasuresaurus @ Dec 20 2020, 06:45 PM)
Hi guys, I'm new to this sub and interested in investing in an S&P500 related ETF. After reading the intro post, I understand that Instarem is the preferable means to deposit funds into the trading platform. As for the trading platform, what are some other options available to us? Aside from Tradestation Global and CapTrader? I recall reading that Interactive Brokers is pricey?
Also, I'm trying to understand which particular ETF counter is preferable? What is the difference between SXR8 and CSP1? We want something that is not domimciled in the US to save on the 30% tax right?
Thank you so much for the content and the help.
For trading platform, with buy&hold long term strategy, TradeStation Global (Interactive Brokers) is one of the cheapest method (plus they have wide access to multiple markets), unless if you have got >100K USD portfolio/cash then can opt for Interactive Brokers directly since their fees are even cheaper.
For funding into trading platform, another alternative is TransferWise - and IBKR/TSG also allows direct funding (USD/EUR) into IBKR account via TransferWise - meaning one less conversion for you to do (tho IBKR's conversion rate is so cheap at spot rate, only $2 commissions). Can read more here if interested:
Step-by-step to getting started via TradeStation Global (Interactive Brokers)For the ETF differences - see below quote.
» Click to show Spoiler - click again to hide... «
quote=polarzbearz,Dec 11 2020, 07:30 PM]Just two examples of exact same fund, look at distribution policy.
Other important things to look at are such as Currency, Fund Domicile, and Expense Ratio. Those examples were Domiciled in Ireland (
for 15% Witholding Tax for Malaysians, instead of 30% WHT if domiciled in the US) albeit in different currencies (but has same underlying shares)
"Distributing" (i.e. distributes dividend AFTER witholding tax to your brokerage account for manual reinvestment, or auto reinvestment by your brokerage with typical trade commissions)
https://www.justetf.com/en/etf-profile.html...in=IE0031442068"Accumulating" (i.e. accumulates dividend within your holdings AFTER witholding tax, without involving your brokerage hence no "trades" were involved)
https://www.justetf.com/en/etf-profile.html...in=IE00B5BMR087Another thing to note - sometimes the EXACT SAME ETF will have listings in multiple stock exchanges
Read more:
https://forum.lowyat.net/topic/4744515https://forum.lowyat.net/topic/3396549
Nov 17 2020, 12:04 AM
Quote
be vary on the # of transactions you want to perform though... you can't diversify like in SA considering the commissions charged by TSG / IBKR.
0.0521sec
0.22
7 queries
GZIP Disabled