Based on my limited knowledge, if our brokerage account is based in Singapore or anywhere outside of the US, US Stocks and US domiciled assets (ETFs) are still subject to estate tax. The only difference is the cash portion will not be subject to it.

again, this is a grey area that no one can be sure unless we've someone passed away / experienced it.

when you deposit USD, it's directed to their bank account based in the US. I think for non-usd cash, probably can escape from the estate tax. For USD, I'm not so sure. It's probably more complicated behind the scene so CSOs usually say find a tax consultant.

what is the definition of a US broker??

Are TDA SG / IBKR HK etc considered US brokers?

Did you guys declare that you have "financial account(s) at financial institution(s) outside malaysia" as part of your annual tax filings for LHDN?

Nope. Close means reverse what you did. I never bother closing. I just hide it.
If you use app, I think is fxconv cause there is options to convert money there. If I am not wrong.

confirmed? Oh then good. Then our cash is safe from estate tax.

I just switched from cash to margin account. I have an initial margin of 1.8k, maintenance margin of 1.6k available funds of 2.2k and excess liquidity of 2.4k. buying power at 8.8k, portfolio only 4k (funded with cash). 

can any guru help me make sense of these numbers? I have not bought any shares using margin yet.

I'm using TSG

If using TSG model for IBKR, how do we identify our account are categorized on which regions like IBKR SG, IBKR US or IBKR UK etc?

TSG for outside Europe is associated with IBKR UK entity. For Europe they just moved to IBLUX if not mistaken (due to Brexit)

thanks

in that case how long does it take for the amount to appear in my IB account?

i initiated the transfer yesterday afternoon at 12.55pm, until today its still showing Pending at status

Instarem status is already Paid

hi, did ibkr lower the monthly inactivity fees?

Does IBKR now hold deposits for a certain time now before execute buy order? I just deposited this afternoon and until now i couldn't execute any order and it says insufficient amount in my account when in fact i have more than enough cash already.

Hi want to ask all the experts here. I am opening a new Interactive Broker accounts and wish to know what is the cheapest way to fund it to purchase US shares. I am expecting to receive some USD from my previous investment (the payer is based in Singapore, but investment instrument is USD denominated).

I have the option to:

1) Receive the money in SGD (my SG bank will auto convert the USD into SGD based on their rate), and then use the SGD to fund my IB account via TT to IB's SG bank account; or

2) Receive the money in USD via my SG multi-currency account, and then fund my IB using USD via TT to IB's US bank account.
Option 1 I will kena 2 forex charge (1 time by my SG bank, another 1 time by IB), but will save on transfer fee.

Option 2 I will kena charge overseas TT fee.
If IB allows me to send USD to their Singapore bank account, that will be ideal. The thing is, I don't seem to have that option... If want to send money to their Singapore account, must be in SGD.
Anyone got experience?

Fintech maximum only RM30k per day. If you transfer RM1m back with Fintech, you need 1 month to bring everything back.

Just to confirm with you guys, I don't use the IBKR app in my mobile phone, only TWS on desktop and the online version from IBKR, in Gracie's blog, she mentioned phone biometrics verification



If I don't use the IBKR mobile app, do I need to download it on the spot? Or that process will be skipped?

Do you use the IBKR app as well, Ziet?

Haha ok.
Few thousand small amount la.
I am talking about rm10-20k.
Cause if sgd3k is already almost rm10k ma.

And bnm AMLA new rule is rm25k per day.

Anyone sent more than 10k to their MY Account from CIMB SG through Wise?
I saw this in Wise: Non-residents with bank accounts in Malaysia can only receive 10,000 Malaysian Ringgit per day. Please don't send them more than this limit, otherwise their bank might close their account. Luckily CIMB SG > CIMB MY directly rates are better for now.

Sometimes cheaper than wise. Sometimes slightly more expensive than wise.

By default ours will be IBKR LLC (the US IB), SG residents will be IBKR SG Pte Ltd. The Hk/AU etc is just web domain, not related to the company's geographical domain.

So we don't need to worry about GST.

Ah yes you are right. But account should still be affiliated with IBKR LLC right?

if you delink from TSG, then you're under IBKR UK.

Did you execute the trades? Because these are just estimates... there may be discrepancies.

I tried with ETFs in EUR but I noticed the range of the estimate is quite vast.