oh wow, i'm interested!

what's your game plan? planning to move overseas in the future?

Buying money market fund... do you have any to recommend? If got charges, then this option might not be good since I plan to use the cash to buy when there's a good opportunity.

Hmm... putting in CIMB SG account means very little interest rate. I guess it really depends if your living lifestyle and retirement planning. For me I just plan to move everything back to Malaysia.

I managed to withdraw from IBKR to TW Borderless account!! 

US is 1 unit for 1 stock. IINM pure IB can even buy fractional shares. But if open via whitelabel then can’t

Just register through TSG, at the final status step shown that they will process the funded account first.

And if I'm transferring through CIMB SG in SGD, will they process it although in SGD instead of USD?

Noted, quite confusing.

At FAQ, stated wait for account approved only fund the deposit. Where else at the final status page stated they will process the funded account first.

I cant seem to find the permissions though in my account settings

TSG available for fractional as well? As yesterday I tried can't fill with decimal in the unit.

Yes, understood the extra margin for the deposit.

Just that the funding step confusing, whether to wait for their approval then only fund or can straight away fund it. But anyway I have transfer the money and hope everything in order.

Oh yea, Ramjade.

The thing is I received the call from TSG after the registration (quite efficient I would say) from Germany number asking me about the document for verification. Problem is the lady cant really understand English well. Yet I still send them those document to IBKR. Can I ask you should we deal with IBKR US or IBKR Aussie? My login platform to see the status is .au, nevertheless I still email those document to US and Aussie side. Then came the second call from the same lady asking on the required document, so I re-forward the email to TSG instead.

Yeap! same, however i missed the call as i was sceptical of a scam call. Missed the call and they followed up with an email instead.

it is call spread not markup (higher spread means more profit for bank).....very easy to calculate just take the buy rate minus sell rate total divided by sell rate that's how much the bank make when you exchange back and forth. (must calculate same day because rate changes everyday) usually it's o.xxx % so if you get higher than that then you can prove that you are right. you can make wrong assumption if you are merely guessing. i'm also interested to know. TIA

depends how much money you move ah... if can save a few k using fintech... why not

us market got limit up n down also ah... I dunno at what % gets triggered ... example last month US futures keep hitting limit down and trading halted...

as for profits vs fees... this is separate topic ah...

why you deposit so frequently? i deposit once then trade or hold for several years and when rate is good then only i convert gain back to MYR for personal use.....the starting capital will always be there. exchanging in and out will.cost you money

you save few hundred out of how much you deposit?? if i deposit RM100K how much I save then??

that's about 1% or less....yes thats alot of money saved.

How much is brokerage for buying US stocks via IBKR?? any fixed minimum brokerage?

currently our local bank rate is 0.40% or minimum usd25.00 per order.....means if you buy (let say) usd3K worth of stocks (by right) brokerage is 0.40% × usd3K = usd12.00 but bank will still charge usd25.00 (that's minimum brokerage) so technically to get more out of your money every order preferable must be over usd6K or else you will end up paying more than you should have (in my example that will be extra usd13.00)

using my earlier example.....if i buy from local broker a usd6K worth of US stocks will cost usd25.00 brokerage......how much will IBKR brokerage be? (take the highest).

i suspect the more you trade on IBKR will be more expensive compare to local broker (not sure just a guess)

if that's the case high net worth individual will have big problem. imagine if they want to deposit Rm300K they need to do 10 times Rm600K do 20 times? correct me if i'm wrong (maybe due to capital control?? am guessing)

High net worth individuals won't even want to save by going through fintech.
Pretty sure they can just TT few millions using private banking as long disclose to BNM.

Tried transferring SGD using BigPay. SGD810. Only RM2,500 max BigPay top up for me per month. First international transfer is free. Since no place to write user ID/reference, I purposely put a non-round number just in case they can't match lol.

Received it in IBKR after 2 working days. 

@Raymond_ACCA

How fast money reach our local bank after request withdrawal from IBKR? any limitation i.e max amount withdrawal per day, max request per month

can we request usd to our local usd local bank account?

Overall BP cost is cheaper or transwfetwise?

Hi Melvin, did the fraction part available straight in your IB trade permission section?

Meaning, whoever open through TSG won't be getting this?

recently I just opened FSM SG.

I tested and found that comparatively, TSG is still cheaper in terms of charges compared to FSM SG.

Besides cheaper charges, what are the differences between the two? e.g. any benefit using FSM SG?

Anyone could help to clear my mind? TQ TQ

so that means anyhow, TSG is still cheaper and better option??

:lol2: :lol2:

how long does it take to open account with TSG?I have deposited USD1K till now my account is still processing since 2June. Emailed TSG and IBKR, TSG just replied "The fund of 1000USD has been processed in your account on 02 Jun 2020."
IBKR no response at all. Don't know what to do. Already 2 weeks now...

Same here. Registered and deposited on 5th June but pending approval until today.