if you are one of the lucky ones who bought IBIT in early Jan 2024, you can still buy it now. but IBKR has shut the door to other malaysians/singaporeans who didn't buy in during that time. i'm one of the lucky ones. the only other one i know was a singaporean on reddit, also bought in early



for malaysians who didn't buy $IBIT before, u can try to buy it now, see if IBKR restricts you. they restricted by March/April i think, and i believe still restricted bcos i know of a sinkie who wanted to buy IBIT options but can't do it on IBRK (IBIT options introduced recently only)

This post has been edited by Medufsaid: Dec 18 2024, 08:53 AM

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Am using destop ibkr, do you face with frequent request of ibkr asking for mobile authenticator code ie. clicking on support with launch another tab and asking you to authenticate again.

Hi guys, newbie here...what is the rate/charge/fee to buy VUSD in IBKR? Need to transfer from bank to Wise and then to IBKR then only can buy VUSD right?

I can buy VUSD using USD right...since it's based in UK?

This post has been edited by Duckies: Dec 26 2024, 11:02 AM

Duckies is your IBKR a cash account or margin account?

Cash account

Duckies you can either

1. open SG bank account to deposit SGD into IBKR, or
2. convert to EUR and then send to IBKR. EUR due to these reasons
   1. (cheaper than converting USD)
   2. can send to IBKR directly for free. if you send USD to IBKR, wise charges USD1.13 per trx

as you are on cash account, all EUR/SGD will be automatically converted by IBKR into USD for a fee of 0.03% only

any EUR/SGD cash balances less than USD5 will be auto swept by IBKR into your base currency (USD)

This post has been edited by Medufsaid: Dec 26 2024, 01:30 PM

Thanks for the quick reply!

So for #2 means convert MYR to EUR in Wise and then deposit funds into IBKR via Wise?

USD 1.13 per transaction better or 0.03% better? Hmmm let's say if I plan to invest 1k MYR so that means I only need to pay 0.3 cent MYR for 1k transaction?

This post has been edited by Duckies: Dec 26 2024, 01:35 PM

that's basic math. USD1.13 is RM5.05

0.03% of RM1,000 is RM0.30 (equivalent in EUR or USD)

Ok my understanding is correct then!

One more question, any charges/transaction fees in IBKR if I buy VUSD?

This post has been edited by Duckies: Dec 26 2024, 01:38 PM

Duckies $VUSD is a distributing ETF. i recommend you just go for VUAA which is accumulating type. i recommend you buy something like $IVV/$VOO (USA based ETF) for 11 months, then sell all and buy $VUAA on the 12th month. fees for LSE etf are as below, make sure to set your pricing to tiered

This post has been edited by Medufsaid: Dec 26 2024, 02:52 PM

VOO is US based right? If not mistaken have to pay for the tax also which is quite high?

Sorry newbie here, what is the difference between distributing ETF and accumulating ETF? They are different?

please refer to my table, assuming you switch all from VOO to VUAA once a year, you only pay $0.34+$0.68+$1.02 aka $2.04 in taxes yearly only. u either pay that, or you can pay $11 in the form of higher transaction fees (LSE etf) to IBKR https://www.etfstream.com/education/investi...stributing-etfs

Oh, so it's reinvest back dividend vs taking out the dividend. But distributing means you can also "manual" reinvest the money back to the same ETF right?

Hmmm I am the kind that buy and leave it so switch once a year might feel like a hassle but I do understand the saving in transaction fees.. In that case which one would be better? Straight go for VUAA? Tax higher or same as VUSD?

This post has been edited by Duckies: Dec 26 2024, 03:04 PM

VUAA & VUSD same tax.

just that with VUSD, the quarterly dividend will be given back to you as USD cash. then you'll have the hassle of buying back VUSD shares with the dividend cash (0.35% given back to you as cash quarterly)

Ah, glad to know both have the same tax. In that case I'll just go for VUAA!

Eh, the fees from your table if buy LSE ETF is based on the bought amount right?

Like if l buy 1k monthly - fees is $1.91 so for a year it'll be $1.91 x 12 = $22.92?

Tax is another topic when I sell the ETF? Like if I sell VUAA I will get 15% tax?

This post has been edited by Duckies: Dec 26 2024, 03:52 PM

Medufsaid Would it be cheaper and easier if I topup MYR in Wise and then deposit funds in IBKR? IBKR should auto convert the MYR in Wise to USD right?

Duckies you already know the answer to this

Yea but I was wondering if it this charges only for topping up EUR in Wise and then deposit as USD in IBKR or it works regardless of currency in Wise?

my method is convert to EUR, send to IBKR as EUR. and use IBKR internal conversion to convert to USD for a fee of 0.03%

MYR will be converted to USD within Wise, not IBKR. that's how the USD1.13 fee to enter IBKR comes about