potatobanana have you bought stocks already? if USA stocks, just stock transfer out to that broker

if CSPX, u can actually transfer it back to FSMOne malaysia. someone on reddit did it, took 2 weeks

Hi, I am planning to transfer funds instead of stocks.

Dumb question, does broker usually allow to transfer to another broker directly?

Or usually have to go through an intermediately account (eg: Wise)?

potatobanana what is your other broker? for example, all malaysian brokers (like Moomoo Malaysia) cannot accept USD

if Moomoo sg, then can try wise

so, the better approach is to just send stocks instead

This post has been edited by Medufsaid: Oct 19 2025, 11:27 AM

I transferred USD from IBKR to Moomoo and iirc it was free both sides. IBKR one free transfer a month

This post has been edited by hedfi: Jul 7 2025, 07:29 PM

i thought for brokers, they only accept BANK under your name for $ transfer

moomoo singapore right? via wise

Cash, direct IBKR-Moomoo SG

Think all accounts holder will be assigned a bank account number in IBKR

can i check

Clients with a NAV of more than USD 100,000 (or an equivalent value in other currencies) earn an annual rate of 3.83% on their USD cash balances above USD 10,000.

if i have 2 accounts, total 100k, can i earn that interest or must i consolidate it into 1 account.... i mean i have one username one password but two accounts..

take note that all your USD or any currencies in IBKR, is subjected to 40% estate tax including cash if touch wood anything happens on you

if not too leceh, just buy $BIL. $BIL yield is higher than 3.85% anyway. & your first USD10k won't be sitting there idling

This post has been edited by Medufsaid: Jul 8 2025, 04:03 PM

how often does the yield credited to your acc? thanks..

not subjected to 30% withholding tax?
anyway we need to pay the fee to buy $BIL right?

wouldn't it better to buy no fee USD cash funds on IBKR? e.g.

I440622629
BNP PARIBAS USD MONEY MARKET "C" (USD) ACC
ALLFUNDS

00BK71CK9
BARINGS USD LIQUIDITY "A1" (USD) ACC
ALLFUNDS

I used these as my 'USD cash park facility' since no transaction fee charged in buying or selling, but of course the turnaround time is longer because they are mutual funds

This post has been edited by tadashi987: Jul 10 2025, 01:09 AM

better buy irish domiciled funds. US all subject to huge withholding. tax including cash

monthly...

short or long term?

how long is the turnaround time


which are....

not sure, depends if suddenly market drop, i would have the funds to scoop things rightaway...

no

buy 35 cents sell 35 cents (like your regular US stocks. if you are on margin acct, the cash can straightaway use to buy other stocks

okie... fyi...

kraken... usd 6.5% usdt 5.5% for 30 day hold... both 4.25% for instant withdrawal...

nice, there are a few good ones out there in dexex, % wise..

yeah... got a few with higher yield but new to me, kraken is older n usa based... also usd rates are rare...

looks like i need to buy some bil too now that ibkr rates are down...