QUOTE(dwRK @ Mar 12 2025, 04:44 PM)
in this case, if I am using Moomoo MY and hold US stock will be better right ? i write my will and transfer to my next kin without kena US estate tax?
Interactive Brokers (IBKR), IBKR users, welcome!
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Mar 12 2025, 08:57 PM
Show posts by this member only | IPv6 | Post
#8381
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303 posts Joined: Aug 2005 |
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Mar 12 2025, 09:15 PM
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3,485 posts Joined: Jan 2003 |
bill11 nothing to do with IBKR UK / IBKR US / Moomoo. more to do with whether you bought CSPX etf or VOO etf QUOTE I also understand that US domiciled ETFs for non-resident non-citizens are subject to estate tax rates between 26-40% beyond the 1st USD 60k exemption, whereas non-residents of Ireland are not liable for any gift, estate and inheritance tax. QUOTE But we are a long way away from the US, and Uncle Sam doesn't need to know you died. If you buy US stocks, you better make sure your spouse or adult child has your login and password and can liquidate and withdraw if you pass, or preferably while you're on your deathbed but still able to communicate. Don't go through the proper estate administration process getting the US authorities involved. Obviously don't do this if you are a US person. bill11 liked this post
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Mar 12 2025, 10:38 PM
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6,227 posts Joined: Jun 2006 |
QUOTE(bill11 @ Mar 12 2025, 08:57 PM) in this case, if I am using Moomoo MY and hold US stock will be better right ? uncle sam treats us stocks, etf, ... as in situ asset... meaning it dont care where... as long as you gg with it... you pay... i write my will and transfer to my next kin without kena US estate tax? earlier question is there any differences ibkr usa vs uk... tax jurisdiction / estate tax bill11 liked this post
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Mar 12 2025, 11:24 PM
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317 posts Joined: Mar 2013 |
I login IBKR via Face Recognition method and I know no other method other than this. I never use the login/password method, so US estate duty may apply if my estate writes to IBKR for withdrawal of funds & assets. So, I play safe and will buy only Irish domiciled US ETFs.
This post has been edited by swiss228: Mar 13 2025, 12:28 AM |
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Mar 13 2025, 12:38 PM
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#8385
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3,589 posts Joined: Apr 2019 |
QUOTE(swiss228 @ Mar 12 2025, 11:24 PM) I login IBKR via Face Recognition method and I know no other method other than this. I never use the login/password method, so US estate duty may apply if my estate writes to IBKR for withdrawal of funds & assets. So, I play safe and will buy only Irish domiciled US ETFs. I think the login via Face Recognition is enabled by you somehow on your phone... cos I login via thumbprint and password. swiss228 liked this post
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Apr 4 2025, 05:02 PM
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Probation
1 posts Joined: Jan 2020 |
QUOTE(Medufsaid @ Feb 24 2025, 09:17 AM) watermineral use Wise only as a last resort. refer to screenshot below where i compared sunwaymoney to send to SG banks. if u really need to use wise, cheapest is to convert to EUR, and reconvert to USD inside IBKR after u sent EUR to IBKR. What if don't have sg bank, is sunway money to ibkr still cheaper than wise convert to eur option ? |
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Apr 8 2025, 09:49 PM
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49 posts Joined: Aug 2013 |
For someone without CIMB MY (CIMB OctoSaver account no longer open for application) & SG bank, is it cheapest to use Wise > convert to EUR > IBKR?
And if so, does IBKR automatically convert the EUR to USD (my IBKR account is in USD) sent from Wise with 0.03% conversion fee? |
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Apr 9 2025, 07:09 AM
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Senior Member
3,485 posts Joined: Jan 2003 |
QUOTE(VonHalrius @ Apr 8 2025, 09:49 PM) just walk to a cimb bank and open a normal account. Can easily save 30-40% on fees if send via sg bank. Can also open MBB sg acct to depositQUOTE(VonHalrius @ Apr 8 2025, 09:49 PM) is it cheapest to use Wise > convert to EUR > IBKR? if you are on cash account, IBKR will auto convert to USD for you when u buy stocks/etf for a fee of 0.03%And if so, does IBKR automatically convert the EUR to USD (my IBKR account is in USD) sent from Wise with 0.03% conversion fee?
This post has been edited by Medufsaid: Apr 9 2025, 08:08 AM solstice818 and VonHalrius liked this post
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Apr 9 2025, 08:10 AM
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#8389
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All Stars
24,333 posts Joined: Feb 2011 |
QUOTE(Xerx00 @ Apr 4 2025, 05:02 PM) Sunway money cannot send to wise directly.QUOTE(VonHalrius @ Apr 8 2025, 09:49 PM) For someone without CIMB MY (CIMB OctoSaver account no longer open for application) & SG bank, is it cheapest to use Wise > convert to EUR > IBKR? Just walk into cimb branch with employment letter and open xumb free basic savings account.And if so, does IBKR automatically convert the EUR to USD (my IBKR account is in USD) sent from Wise with 0.03% conversion fee? VonHalrius liked this post
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Apr 14 2025, 09:29 AM
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636 posts Joined: Jul 2012 |
I have some HKD in my DBS My Account. Can I directly transfer to my IBKR just like how we do for SGD?
Asking because I would like to keep HKD in IBKR instead of doing double conversion (HKD -> SGD in DBS and SGD -> HKD in IBKR). |
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Apr 14 2025, 09:43 AM
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Senior Member
3,485 posts Joined: Jan 2003 |
harmonics3 any fees to send HKD from DBS my acct (in sg) to Hong Kong (bank accounts)?
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Apr 14 2025, 01:20 PM
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636 posts Joined: Jul 2012 |
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Apr 17 2025, 03:50 PM
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87 posts Joined: Sep 2014 |
Hey guys, is Interactive Broker the best trading platform for Malaysians who want to trade US stocks and HK stocks?
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Apr 17 2025, 04:27 PM
Show posts by this member only | IPv6 | Post
#8394
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471 posts Joined: Jun 2006 |
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Apr 17 2025, 04:56 PM
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3,485 posts Joined: Jan 2003 |
salakiest why i didn't reply initially is, you should tell us what you want.
convenient (like moomoo)? or cheapest but inconvenient way to invest (outside of malaysia) |
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Apr 17 2025, 08:37 PM
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87 posts Joined: Sep 2014 |
QUOTE(Medufsaid @ Apr 17 2025, 04:56 PM) salakiest why i didn't reply initially is, you should tell us what you want. I am looking for a trading platform to trade US stocks and maybe HK stocks. It must be trustworthy, easy to access, buy, sell, and withdraw.convenient (like moomoo)? or cheapest but inconvenient way to invest (outside of malaysia) |
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Apr 18 2025, 01:50 AM
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66 posts Joined: Apr 2019 |
QUOTE(Medufsaid @ Apr 17 2025, 04:56 PM) salakiest why i didn't reply initially is, you should tell us what you want. How about if we wanted to trade SGX? Mainly for S-Reits or any dividend stocks. Is IBKR worth it even tho the fees are higher compared to other discount brokers like Moomoo?convenient (like moomoo)? or cheapest but inconvenient way to invest (outside of malaysia) I asked this question previously here: https://forum.lowyat.net/index.php?showtopi...ost&p=111457054, but there were no replies. Thinking could get your insights |
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Apr 18 2025, 07:18 AM
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All Stars
24,333 posts Joined: Feb 2011 |
QUOTE(kslim888 @ Apr 18 2025, 01:50 AM) How about if we wanted to trade SGX? Mainly for S-Reits or any dividend stocks. Is IBKR worth it even tho the fees are higher compared to other discount brokers like Moomoo? I don't recommend IBKR to for s-reits. You are better off with fsm as s-reits will always ask for money.I asked this question previously here: https://forum.lowyat.net/index.php?showtopi...ost&p=111457054, but there were no replies. Thinking could get your insights 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 |
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Apr 18 2025, 10:07 AM
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820 posts Joined: Aug 2006 |
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Apr 18 2025, 11:11 AM
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