i wouldn't be too concerned

You should have tested with sgd100.  You basically paid 100% in fees.

Bigpay is USA company ? i probably will work better for IB.

in brief how to use the service ? i have no experiece

i registered under TSG. but said like this . how ah

HSBC has an Everyday Global account. It charges $4 USD (excluding cable) for same currency transfer, i.e. USD to USD.

Maybe someone can try?

edit: there's also the Global View Global Transfer thingy, which I'm not sure how it works.

I think I was told (or read somewhere) that HSBC premier customers can open acc anywhere where HSBC has an operation.
What I understood last time was, you need to have a reason. For example, you'll be going overseas soon etc.

I think Ramjade mentioned it before that, we can just simply give any lame excuse, like investment etc.
Anyway, I've not tried it so not entirely sure.

Ramjade doesn't want premier banking. He said, it's a waste of money.

I'm sure I read it here in this finance forum somewhere. They said, just give a lame excuse. 

but yes, if you have a valid reason, you can open an HSBC acc overseas without being there physically.

See above. Do not look at fees. Look at final amount that you will received in foreign currency

Because my currency was in EUR and I wasn't bringing money back to M'sia.
IBKR (EUR) >>> TW (EUR)

You can of course choose SGD as a transit to bring your money back.
IBKR (EUR) >>> TW (SGD) >>> Malaysian bank (MYR)

Anyway, the whole point was to check if TW can be a transit or a storage for our money from IBKR and it works! 

considering the spread, thank you for your sacrifice.

so what is bank's % spread?  example bank could be selling USD at 4.28 but they buy back their USD at 4.27 same time IBKR could be selling at 4.27 (you thought it's cheap) but end up they are buying them back at $4.25 so in this example IBKR spread is much bigger......(numbers is just example not actual)

so have you taken that into account? just explaning & in case you never thought of that

so question again is when you say bank is cheaper is it the % of spread or price the sell is cheaper?

OH.....seriously NO i don't know.....i seldom come here only read once in awhile....but now i know 

frankly shopping for fees waste alot of time. You only pay half of 0.xxx% fee when you convert to USD first time then you trade in and out after that without any exchange fee. After (let say) 2 to 5 years when you decide you no longer want to invest in US or you think rate is good then you convert back to MYR (and pay the other half of 0.xxx% fee) why bother about that tiny 0.xxx% of fee compare to your 100 tor 200 or 300% of your profit, RIGHT??

the best thing about investing is US market is that their market not like ours in terms of upper limit and lower limit. In Malaysia $1.00 & below stocks can go only go up/down max 30 sen/day. For above $1.00 stocks is 30% up/down........in US market there's no limit it can go up/down over 100%. It's not controlled by the exchange (i call it FREE market)

i'm not making up stories. i recently bought a US listed biotech company and it went up over 100% the minute market open. Last year my HK stock also same up over 100% in one day. Our market would take over 3 days to reach that level (very rare cos 3rd day already stuck at 60% cannot go up anymore) by the 3rd day everything already cool down how to go up further??

Our exchange said "THEY" are protecting investor but in reality they are protecting the Malaysia economy and public listed company bosses. IMO most foreign investor play short term hit & run not sure if you notice but recently foreign investors are selling almost everyday in 100's of million and our local uncle & auntie investor continue to chase glove & medical supply stocks sky high like no end.

If you think Malaysia have future by all means invest here. So it depends on your perceptions. I don't force any of my opinion on others. 

Hello sifus,

I am a newbie and just opened my IBKR account. Can you tell me the max amount that can be transferred in a single transfer via your preferred fintech e.g.Instarem? I'm asking because Maybank has a limit on how much can be wired overseas per day (RM50K if remember correctly).

Thank you everyone 😊

if let say RM100,000 how much can save?

I save few hundred each time. Hey free money why want to give to the banks

if that's the case high net worth individual will have big problem. imagine if they want to deposit Rm300K they need to do 10 times Rm600K do 20 times? correct me if i'm wrong (maybe due to capital control?? am guessing)

i have just visited IBKR HK website.....I notice their maximum per order is 1% brokerage for both tiered & fixed brokerage pricing......but our local broker brokerage is 0.40% does that means if big single order means local broker is much cheaper? (60% cheaper)

IBKR
if i buy usd20,000 worth or 5,714,285 shares of usd0.0035 stocks my commission is usd0.35
if i buy usd20,000 worth or 10,000 shares of usd2.00 stocks my commission is also the same usd0.35

LOCAL BANK
if i buy usd20,000 worth or 5,714,285 shares of usd0.0035 stocks my commission is usd80.00
if i buy usd20,000 worth or 10,000 shares of usd2.00 stocks my commission is same usd80.00

if this is the case i think IBKR win's very big compare to what our super expensive local bank charges. if my calculation is correct, (correct me if i'm wrong)

BTW this calculation is TIERED basis (not FIXED)

after looking at their example i find the calculations is very complicated for both rate. But looks like FIXED commission is cheaper than TIERED (based on their sample).......am I correct??