Yes. Done via M2U

Transfer Maybank to IBKR US:
    TT Fee                RM10.00
    Other charges      USD23.00

Transfer IBKR US to Maybank:
    Other charges      USD22.00

Your call. But you just let your bank earn about 3% free money from you. Best part is it is recurring every time you transfer.

I do both keep my cost low and make my investment better.

Hi all, may I know how you did the Transfer from CIMB SG? I try access my clicks account, linked the SG account. But under trasnfer money [From] I cannot see my SG fast account.

I tried this at the same time, so that the exchange rate fluctuation is minimal.

Maybank: $9,975 = RM 42,751.00
InstaRem: $10,000 = RM 43,789.03

Note: IBKR doesn't accept USD from InstaRem.

Huh, it means maybank TT rate is better than Instarem?

Alright, I will do just as you ask, using a recent transfer i did:

Direct transfer IBKR USD to Maybank MYR on 19th Mar 2020:
XE.com rate:                4.37245
Actual rate:                4.33271264
Difference:                (4.37245-4.33271264)/4.37245 = 0.9%

So there is a 0.9% loss by transferring directly to Maybank, hardly the 3% that you quoted.
Maybe this is an outlier, lets do another one:

Direct transfer IBKR USD to Maybank MYR on 4th Feb 2020:
XE.com rate:                4.11603
Actual rate:                4.068966
Difference:                (4.11603-4.068966)/4.11603 = 1.1%

Opps, higher, but not by much. Though I think this hardly counts as the bank trying to gorge you on rates.

For the safety & convenience it brings, i would just stick to direct transfers and pay the bank its due reward for a good job.

So Mr. Ramjade, can we stop looking at XE.com now? =)

Huh, it means maybank TT rate is better than Instarem?

Yes and no.

I wonder if all these additional rates, at the end of the today would it be better to use local brokerage given that the fees difference are almost the same?

I wonder if all these additional rates, at the end of the today would it be better to use local brokerage given that the fees difference are almost the same?

Hi sifus,

If to trasnfer around 5k - 7k USD back to MYR, are we tied to the 25k limit declarations? Thanks.

https://www.theedgemarkets.com/article/bank...25000-next-year

Question, if I have usd in my Malaysia usd account, what can I use it for? Also anyone has any idea which bank provides them best exchange rate?

Hopefully the banks wake up their idea. Tons of fintech now to move funds at much more favourable exchange rate. Last I check in Feb 2020 citibank usd to ringgit around 1.5% more than xe rate.

Also anyone has any idea which bank provides them best exchange rate?

Hi sifus,

If to trasnfer around 5k - 7k USD back to MYR, are we tied to the 25k limit declarations? Thanks.

https://www.theedgemarkets.com/article/bank...25000-next-year

got oil to trade?

guys mind to share what market data you all subscribe for trading US shares?

hi,

I "accidentally" apply for IB, which I don't think I will able to "waive" the inactive fee. so best advice is I just apply for Tradestation and cancel the IB?

newbie here

hi,

I "accidentally" apply for IB, which I don't think I will able to "waive" the inactive fee. so best advice is I just apply for Tradestation and cancel the IB?

newbie here

You can move your IBKR to TradeStation Global. Instructions are on TradeStation Global website.

I don't subscribe. You can use MarketWatch to view live prices then key in your limit order.