can receive USD in HSBC or not?
Thinking of withdrawing USD to a local bank, and possibly transferring USD out of the bank to IBKR again.

Never tried receiving USD, but just double confirmed with them that they can receive USD without going thru conversion

Sunway Money approved my account. Just checked SGD rates (5:35pm)

Send RM30,000 receive:
Sunway Money - 9,799.00 SGD
Transferwise - 9,793.71 SGD

But send RM30,000 receive:
Sunway Money - 6,002.97 EUR
Transferwise - 6,048.72 EUR

Seems it's different for every currency.

Looks like can only send MYR for now.

not really new but launched around 2017/2018
https://www.linkedin.com/company/sunwaymoney/about/

it's just hardly marketting done and almost no people know that 

Really? I walked around that area very often (hostel to college and back) and I didn't see any such posters.  :confused: I must be blind!

Or maybe I don't bother much about investment back then. I only ventured into finance not long ago. Never mind.

Checked on Google Maps. That was August 2019's poster.  (I last stayed in Sunway around December 2018, I think.)

If I want transfer from Malaysia bank account to cimb sg account. And later if want to withdraw which method is safer to use? Sunway money, cimb my to cimb sg, or TransferWise , i scare ibkr and bank want to ask many thing.

sometimes i really wonder if worth saving the $10 / mth for all the hassle.
for me, peace of mind and single of point contact worth much more than that.

Just to confirm, SG account (MBB or CIMB) is only necessary for easy withdrawal right? Any cons to opening IBKR/TSG first and only doing the SG account later on?

Also, some confirmation on the fees for TSG, it's only the amount which is shown on the link provided in OP (currently 0.007 USD per share), no further hidden charge? Or is that fee in addition to the IBKR fee (different tiers in the OP link, I'm still trying to read and understand)?

Also, I guess no harm when opening TSG account to take advantage of promo like https://www.tradestation.com/promo/cash-reward/ ? (Deposit X amount to get Y additional, where Y is <1% of your deposited amount)

EDIT: Hmmm... going through IBKR opening, when they ask 'net worth' how to calculate that for a married family (we hold funds jointly managed by me, both also income earners, even though most of our bank accounts/investment is theoretically one person's name). Is it very important what figure I put there?

allow myself to add in a bit regarding net worth..

u're not allow to trade stocks ya if u input ur net worth as below USD29,999.. or something around that figure.. i couldnt recall the exact range.. probably u wont even be allow to proceed with the application if u input ur net worth range as too low.. so u may want to overestimate for this part

hi guys,

have u guys been receiving email or in IBKR webpage that..
"FYI: Changes in Analyst Ratings

Stock Symbol: Xxx  Buy:0(0) ,  Outperform:3(0) , Hold:6(+1),    Underperform: 1(0), Sell:  0(0)

Anyway, where to access this full analysis?
else this kind of analysis doesnt tell any info right?

mind to show a screenshot of that sample insight?
because i dont think i see one.

there is nothing else to click except that recommendation to buy or sell..

I see..
i mean from the notification, usually it is just that summary.. which pretty much nothing useful..
But u just pointed to me other info that can be useful.. 

IBKR can't trade IPO?

does that mean it'll require about 29 transactions in order to breakeven with the USD10 monthly charges (assuming NLV less than USD100k)?

You should evaluate based on marginal benefit basis.
E.g. TSG charges 2.5% additional interest on IBKR's rate for margin.

If you borrow >$4800 per annum (don't plan to close the margin), it's better to use IBKR instead.
Reason is because you are charged additional $120 per year for borrowing $4800 using TSG than IBKR.

This means if you have no transactions during the year and borrowed $4800 on margin, and margin rates are:

IBKR	0%
TSG	0%+2.5%=2.5%

Your monthly statement will look somewhat like:

Detail	IBKR	TSG
Minimum commission	$10	$0
Additional finance cost	$0	$(4800 x 2.5% / 12)=$10

So, you technically break even if you borrow exactly $4800 for the whole year.

This is one method of evaluating which is better for you.

Yeah but I'm using example to explain marginal benefit so can illustrate better.

If I use 1.5% then,

IBKR	0.09%+1.5%=1.59%
TSG	1.59%+2.5%=4.09%

Your monthly statement will look somewhat like:

Detail	IBKR	TSG
Minimum commission	$10	$0
Finance cost	$(4800 x 1.59% /12)=$6.36	$(4800 x 4.09% / 12)=$16.36
Total cost	$16.36	$16.36

Therefore, the benefit of TSG = benefit of IBKR if you borrow $4800 (assume not other transactions).
If borrow >$4800 p.a (12 months like ASB loan), use IBKR.
If borrow <$4800 p.a., use TSG.

Don’t think HSBC will give preview on the rate conversion, you will only find out the rates after the conversion done