You cannot withdraw out USD to transferwise. They already mentioned somewhere in their terms and conditions they don't support transfer or incoming transfer from transferwise.

Just go open. Not that hard.
That's normal. One of the cheapest ways to bring back money from SG is using Cimb SG. There is another fintech. I haven't test yet which is cheaper than Cimb.
You cannot withdraw USD to transferwise.
They already mentioned. Seriously no one read the terms and conditions?

Of course there are charges. Transferwise needs to survive. Is not a charity body. Again it's clearly mentioned in their fees, there's a charge for moving money out of borderless account. All clear cut and written.
https://transferwise.com/help/17/borderless...account-pricing

The charges is nothing compare to amount you need to spend to travel to US to open bank account. I use that account for receiving USD from my US cashback shopping.

By using BigPay or InstaREM to make deposit for IBKR, which payment option do i select? Is it 'Connect your Bank Account' / 'Bank Wire' , can anyone help with this

Isn't the Transferwise USD borderless account in your own name? So in that case, USD withdrawal directly from IBKR does not work? (not talking about deposits here)

Ideally, if its still possible would be to set up a CIMB SG account from my current CIMB MY account, then just transfer MYR over & converted to SGD then spot exchange with IBKR for the deposit?

CIMB MY/SG VS Instarem, which do you guys feel its better?

Isn't the Transferwise USD borderless account in your own name? So in that case, USD withdrawal directly from IBKR does not work? (not talking about deposits here)

I have one question to ask, regarding opening a trading account in TradeStation Global.
After filling in the details in https://www.tradestation-international.com/...unt-new-client/, the website was then redirected to https://www.interactivebrokers.com.au/.

After completing account application in Interactive Broker website, the website mentioned about funding my account, but I chose not to fund my account until my account is approved.

My question: where should I upload image of my identification card, bank statement and my pay slip? I did not encounter an upload box in Interactive Broker website.

Thank you for your advice.

im pretty much at your stage as well, a guy from ibkr rang and said will send me some ibkr interface stuff and had to wait for confirmation before proceeding with fundings.

Currently pretty puzzled as to which is the better alternative to proceed with funding. The guy from ibkr suggested citibank for Malaysians, do a direct bank transfer, MYR convert to USD directly. Ramjade, mentioned that this is rather expensive, taking his word on that.

I have one question to ask, regarding opening a trading account in TradeStation Global.
After filling in the details in https://www.tradestation-international.com/...unt-new-client/, the website was then redirected to https://www.interactivebrokers.com.au/.

After completing account application in Interactive Broker website, the website mentioned about funding my account, but I chose not to fund my account until my account is approved.

My question: where should I upload image of my identification card, bank statement and my pay slip? I did not encounter an upload box in Interactive Broker website.

Thank you for your advice.

im pretty much at your stage as well, a guy from ibkr rang and said will send me some ibkr interface stuff and had to wait for confirmation before proceeding with fundings.

Currently pretty puzzled as to which is the better alternative to proceed with funding. The guy from ibkr suggested citibank for Malaysians, do a direct bank transfer, MYR convert to USD directly. Ramjade, mentioned that this is rather expensive, taking his word on that.

You have to fund first before you can upload anything if I remembered correctly.. There's some issue about our IC. Seems like they reject our IC. So get ready to upload passport, bank statement/bill as proof of address.
You are welcome to test the exchange rate given by banks, instarem/bigpay. If you don't mind paying banks extra money that is  . I don't give much business to banks if I can help it.
Another thing with malaysian banks, they will blocked you from transferring if the receiver is interactive broker, Something about forex ban.
I do instarem/bigpay (depending which is cheaper) to my own SG bank account. Then FAST transfer in (their version of IBFT)

Hmm... many years ago I know IB is using Citibank SG to take in the SG transfer. Not sure if they can do a GIRO for USD. If not, then you have to use TT which will incur more costs. Why don't you just convert to SGD then giro to IB Citibank account, then spend 2USD to convert at almost spot rate to USD. This way I don't think will be more expensive than you convert to USD directly.

I hope one day IB comes to Malaysia, I am near the age to transfer all my money back then retire for good... ie after the current US market goes back up...

This would mean that i would need to open a SG bank acc either through CIMB MY -> SG (currently not doable anymore, had confirmed) or other bank accounts in order to show my name making the payment for the funding?

Kind of a morbid question. But anyone knows if we have investments in IBKR and something happens, then how does our next-of-kins get access to our assets?

Is it good enough to just include the account information etc in our will?

Just opened my acc in ibkr, then only found out there is going to be a monthly account activity fee of usd10...

actually 10 USD also not bad....

if you buy 2 trades in Malaysia with RM10k each, already RM40 something in commission. In IBKR, you can make many small trades.

edit: RM 40 per month is like, drink less starbucks, less bubble tea, less cinema per month.

Just opened my acc in ibkr, then only found out there is going to be a monthly account activity fee of usd10...