Some stuff are on sales. Some stuff can go cheaper. I sell puts for stuff I want to buy at the price I am willing to pay. Getting paid to wait is awesome.

If it hits the price I want, good. If it don't hit, I will just keep the juicy premium 🤑🤑

Ringgit will never be supported due to political and licensing reasons.

It have always been superior since long long time ago. If you are doing for long term, ditch wise and use SG banks (SGD) as intermediary.

If you want to squeeze more money out, use sunway money.

Wrong. It's cimb Malaysia/moneymatch (I have heard now cimb malaysia offer good rates for transfer to SGD, have yet to check) -> cimb sg -> IBKR, convert inside IBKR.

You only lose once (RM-> SGD). SGD -> USD is spot rate + USD2.00 per transaction.

The spot rate is the cheapest. You can't get spot rate with any service.

True. Sunway money use to be very good until last year I believed. That's when moneymatch give better rates. So I jump over to moneymatch. Nowadays sunway money give better rates so I jumped back to Sunway money. Now I heard cimb My have best rates. Haven't checked. Will only know next salary day.

Sunway money cannot send to wise directly.

Just walk into cimb branch with employment letter and open xumb free basic savings account.

I don't recommend IBKR to for s-reits. You are better off with fsm as s-reits will always ask for money.

Rights issue on fsm is easier than IBKR. IBKR should be for stuff that don't ask for rights.

No experience with rights on moomoo.

Ibkr is cheap. Check again the price.

This post has been edited by Ramjade: Apr 18 2025, 07:19 AM

I don't buy sreits anymore. Also I don't trust moomoo or tiger even though they have license in Singapore.

Yes. Fsm is expensive I won't deny that. I used to use that when I was holding sreits before tiger and moomoo comes along. At the end of day use what you are comfortable with.

Parent futu is Chinese based. Chinese company needs to obey emperor xi even if they got license outside of china. Good example is tiktok. Chinese govt said cannot sell, hence byte dance cannot sell tiktok.

Good to hear that.

Cannot.

You don't have permission to trade options. You can buy data for options but if you don't have permission it's useless.

You need to enable it. Change your portfolio type to speculative and make sure to add few years of options training.

I assume you mean IBKR? Of course IBKR is superior to moomoo in every way.

It's cheaper than moomoo. It have low forex conversion exchange rate. It have multiple market access. The parent company is not a Chinese company.

Like I said many times. Cost.
1. Long term cost savings with IBKR. Why?
The only brokerage which gives you spot exchange rate. No one give that even if priority customer. Maybe your bank give you. But I know I don't have it.
Lower fees Vs tiger.
2. Tiger HQ is in china. I wouldn't trust my finance with anything from China even though they have a MAS license or listed on Nasdaq (I am looking at you luckin coffee). Call me racist. Lol.

No harm if you trust Chinese products. For my own wealth, I cannot trust them yet. It's just personal.

I never use tiger. Tiger is only use for real time price for stocks and maybe ? real time price for option price. Not very sure if tiger is real time. But no importance to me even if it's 1 minute slower as I am not a trader.

You want super nice interface with real time data, tastytrade. They are the one behind TD platform.

This post has been edited by Ramjade: May 19 2025, 09:30 PM

It is not sarcastic. I know my banks don't give me spot rates for currency conversion. But I know IBKR does. that is why I am sticking to them.

It is one of my fundamentals because of this quote "Keep your fees as low as possible. Never underestimate the effects of fees long term. A small fees will sink a ship with time". I think it was from Jack Bogle. Not sure where I got it from. Could be wrong. That is why I always say don't give free money to banks.

I have not use tastytrade or want to use tastytrade but I know that they got better desktop interface and mobile interface than IBKR. I know Tastytrade have like lots of video to teach you how to do options correctly for newbies. It is nice of them to provide the tutorial.

Because tastytrade does not offer the service of funding using SGD and they only accept USD, that means I need to send either SGD or RM directly to them, I will easily lose out 2-3% per conversion (force to use banks) compare to if I use IBKR where I am able to get spot rates for my SGD. Long term it is going to be more expensive for me to use tastytrade. I know if I went with IBKR, I save the 2-3% per currency conversion. Remember what I said above. Keep your fees as low as possible.

Choose whichever platform you like. Fees matter but so does returns. It doesn't make sense to use a cheap platform and compromise your returns. IBKR is like airaisa. Give you the barebones. You want real time stock data, you pay for it. You want real time options price, you pay for it. Keep in mind some package that you pay on IBKR will be refunded if you can hit say USD10/month in trading fees making it essentially free.

Correction, I use Tiger to get free real time price for stocks and ? options. I am not paying IBKR for that. I don't buy and hold or trade anything on Tiger or intend to use Tiger to buy and hold or trade.

This post has been edited by Ramjade: May 20 2025, 03:37 PM

No cannot. Cause that way they know your money is legitimate and you are paying taxes on it.

Correction. Cimb is only cheap for SGD-> RM. Not RM -> SGD

Is inside Cimb SG account once you login.

This post has been edited by Ramjade: Jul 23 2025, 07:51 AM

Already done by someone and number 1 wins. That is why I continue using number 1.

You need to talk to their customer service. Don't bother with email. Use something that have free VOIP.