you mean MYR > HKD > USD vs MYR > SGD > USD??
hard to compare different currency pairs .... I think they are about the same since HKD & SGD are just intermediary.

oh... my experience with InstaRem was quite smooth. I also think it's better because it automatically redirects you to the bank, rather than doing a separate bank transfer. Rate wise, InstaRem is often better especially from MYR.

I haven't tried transferwise with SGD since InstaRem has better rates. I think it would work, as long as it's not USD.

Or just open CIMB SG.
CIMB MY > InstaRem / TWise / CIMB transfer > CIMB SG > IBKR.
It could also serve as an acc to receive money back from IBKR (although you could probably receive money back to your TWise borderless account).

so far, most of us can't transfer USD into IBKR, but I guess it's worth a try.

Did you try telegraphic transfer? If not, ask HSBC.

permission?? FOREX is auto enabled.

for different stock markets, options, bonds etc, you'll need to enable it in the settings.

maybe it's better to convert MYR to HKD first....

I've some savings in SGD and now already depreciated against USD.

so far, none of us has been successful.

Only 1 user did a bank transfer over the counter with Bank Islam.

if you use your balance in Transferwise (USD), change to EUR then deposit to IBKR, then it works.

meaning, IBKR can accept SGD, HKD, EUR, just not USD, from InstraRem, Transferwise.

you actually don't need a S'porean bank acc.

this is what I have been doing.

MYR from M'sia banks > InstaRem, convert to EUR/HKD/SGD > receives by IBKR.

but most of us got our SG bank acc ready, in case we need our money back from IBKR.
From IBKR, we can withdraw directly to SG bank acc in SGD.

I think TWise Borderless account can also receive EUR/USD/GBP, but I haven't tried.

unfortunately, yes.

unless you successfully deposit USD to TWise, in which case, please let us know.

USD is only your base currency. You can receive money in any of the international currencies.
Just make a deposit notification and choose your currency.

whitelabel, TSG, Captrader etc are just resale agent, so it's not much difference, just that if directly via IBKR, it has a min transaction fee per month.

what LSE ETFs are you looking at?

actually, until now, I'm not familiar with the fee structure. If you figure it out, please share.

you always have to inform them!!

just like normal... fill out all the details.

send them an email. That's what I did.

it's up to you. You choose when you open the account. You can also change it anytime.

SG acc definitely no problem lah... internationally traded currency.

deposit in SGD, then exchange to USD on the platform. Huge difference, huge savings! Don't let your bank do the conversion.

there's nothing to choose! (I think you need to try logging in and play around and see what is available)
You need to go to the web platform, log in and initiate a transfer. This is just to tell them that you WILL do a bank transfer, but you haven't started yet. All the transfer details will be provided.

using these details, log in to your SG internet banking and perform a local FAST transfer.

As for the currency, you can transfer whatever currency available there, regardless of your base currency.
If your base is USD, you can transfer in GBP, SGD, or whatever. It will store in your account until the day you decide to convert.

This post has been edited by moosset: Mar 4 2020, 06:57 PM

the options are just (a) what currency you want to deposit, (b) ways you could use to transfer (for some currencies, only 1 way).
IBKR doesn't take money automatically from you; they are just letting you know.

This post has been edited by moosset: Mar 4 2020, 08:28 PM

Just include as many characters as possible.

I always remove the "/" to save 2 spaces... so for me, just my Uxxxxxxx and characters from my name. Like an airline ticket, the name is not complete.