Sure got people using.
Just that the thread not active.

I use it. For their free live data. Lol.

Hi, would like to ask, are we able to use the mobile app without using mobile authentication? Or would it be automatically signed up upon logging in via mobile app.

Thank you.

This post has been edited by shawnme: Jan 26 2024, 05:16 PM

beware, according to singaporefi reddit thread, all of yesterday's RSP for LSE etfs is now back to $1.70. the $0.35 party could be over https://www.reddit.com/r/singaporefi/commen...ent_lseetf_fee/(singaporean IBRK has GST charge)

This post has been edited by Medufsaid: Jan 27 2024, 01:46 PM

Hi sifus,
I am starting out with IBKR.
Already registered Wise.
Can you advise what is the best practice if I want to dca monthly (fixed amount of MYR) into IBKR etf?
1) CIMB MYR saving account to Wise MYR > Wise convert MYR to USD > transfer to IBKR USD
2) CIMB MYR saving account to Wise USD > transfer to IBKR USD
Does the above makes any difference with the fees?

With my first deposit into Wise 20 USD (because I was required to make a one time deposit to finish the account creation):

I got charged with 0.65 MYR. So there is a rate of 0.68%.

https://wise.com/my/pricing/receive

Then, I have made a deposit into IBKR.

I got charged with 0.39 USD. Rate is fixed.

https://wise.com/my/pricing/send-money?targ...etCcy=USD&tab=1

The above should be equivalent to option 2.
For option 1, I assume there will be a fee for currency conversion in Wise.
I cannot find what is the rate in the website.
Found it. It is the same rate. 0.65%

So it wouldn't make any difference either way.

Option 1 would be the better choice since I want to transfer based on fixed amount of MYR right?


This post has been edited by mastermindsos: Jan 27 2024, 07:35 PM

you can also transfer a fixed amount of MYR with option 2.
e.g., convert from RM to USD inside wise, key in the round numbers u want in RM. take note of the calculated USD. in this case, it's U$210.05



when you want to transfer into IBKR, just key in the amt minus 39 cents (aka U$209.66), wise will automatically add on the 39 centscurrently the best practice would be to open a sg bank acct and use DuitNow/MoneyMatch to convert RM->SGD. and inside IBKR, convert SGD to USD. main reason being 0.65% fee is too expensive

This post has been edited by Medufsaid: Jan 27 2024, 08:20 PM

IMO it doesnt make any different, both appraoches you are converting to Wise USD using WISE rate, so they are the same

I have made a mistake on the rate on my post.
The first option has an interest rate of 0.65%.
The second option has an interest rate of 0.68%.


Do you mean the double currency conversion with DuitNow/MoneyMatch and IBKR + IBKR fee is cheaper compared to Wise currency conversion + Wise fee?
I couldn't find the IBKR fee for the currency conversion.

change to wise account transfer. you'll see 0.65%
btw, if you haven't claim, can transfer the first RM2,500 in Wise for freeU$2 fee per U$100k converted, or simplified, flat rate of U$2 (but using recurring investment feature, SGDUSD conversion is FOC) https://www.interactivebrokers.com/en/prici...-currencies.php

This post has been edited by Medufsaid: Jan 27 2024, 09:27 PM

I did my homework as best as I can.
I could not find an article in the website for the waive fee for the recurring investment.
I couldn't setup one yet to see myself.

I think due to my trading permission has yet to be approved. Still under pending status.


There is a post in reddit about the waive did not happen.

https://www.reddit.com/r/singaporefi/commen..._fees_for_ibkr/
https://www.reddit.com/r/singaporefi/commen...ibkr_or_moomoo/
Hope you can shed some light over this matter.

Anyhow, I will look into creating the CIMB SG account in advance.

my last DCA was on monday, so i know what i saw. i cannot make any comments on his findings unless he really posts his daily statement

here's an old screenshot of mine



This post has been edited by Medufsaid: Jan 27 2024, 11:36 PM

Any recommendations for china etf to buy in LSE? Saw a KWEB in LSE is it okay to DCA?

Hi sifus,

I have just started.
I am facing this issue since the first day with ibkr portal.



I can't search for an etf.
It keeps on loading forever.
How do you navigate?

You want to buy China ETF broad based is MCHI and large cap is FXI while KWEB it is tech based

Isn’t LSE more expensive to buy 🤦‍♀️ US based ETFs

Novartis results: https://www.novartis.com/investors/financia...arterly-results

IBKR has increased the rsp fees for LSE stocks, is it still worth buying CSPX over VOO?https://www.reddit.com/r/singaporefi/comments/1af30l3/ibkr_has_increased_the_rsp_fees_for_lse_stocks_is/

Novo Nordisk Q4 23 results: https://www.novonordisk.com/content/nncorp/...tml#results2023

GSK Q4 23 results: https://www.gsk.com/en-gb/investors/quarterly-results/

Mastercard announcing results later this evening: https://investor.mastercard.com/financials-...ts/default.aspx

It's nearing the end of January 2024, I still don't see IBKR refund my 30% WHT deducted out of my BIL holdings.

Can anyone confirm the exact date of WHT refund for last year/previous years?

Thanks.

I haven't received mine too. Heard hearsay that it will usually be refunded around 1 Jan - 15 Feb. I guess we can only wait.

I just wanna get the 15% tax relief in LSE. It is better to buy US baeed etf if wan DCA long term?