Why CIMB SG specifically? What about say, Maybank SG?

This post has been edited by mr_tuzki: May 14 2020, 10:58 PM

Because maybank not cheap if compare with Cimb
2ndly maybank got charges while Cimb is free.

This is only applicable for Cimb SG only not Cimb My.

ah i totally forgot about this part

ok ok so i could deposit the money first while waiting to open a new cimb SG account.
Thanks Ramjade!

TransferWise MYR to HK IBKR. 3-4 hours only. Cheap.

Thanks, but not into HK shares at the moment. Converting from HKD to SGD in IBKR would add to some more commissions. Would be better off using Instarem if this is the case, no?

That said, is there no way to transfer funds to IBKR SG account directly (from MY) using transferwise? Can't find any posts where members report such issue in the forum.

Thanks. But I just checked. They say Cimb FastSaver only can open in Malaysia if you're a preferred customer.
Maybank no such requirements? What's the higher fees / rates involved if using Maybank?



You can transfer directly MYR to SGD. The only problem is transfer wise the account length somehow doesn't match their Citibank N.A. account. So I use Instarem which is fine

This post has been edited by mr_tuzki: May 15 2020, 02:58 PM

just an update guys, i transferred the money using instarem this morning and now i could login into my IB account and saw the money there! it was fast..

by the way, i saw under my account, the cash balance amount is in USD. Do i still need to convert the currency?

if yes, i just choose all my balance in sgd and choose usd and click submit right as i wouldn't the exchange rate. TQ

I see. Thanks for the confirmation. I thought I was the only one facing this issue. Still waiting for Instarem to approve my account.

Indeed IBKR acts very fast in confirmation of money transferred. I once used my HK bank account to fund my brokerage account and the money is available for trade under an hour or so.

Is that also means we cant withdraw from IKBR > transferwise (euro) account?

Guys, I don’t trade often

Which account I should open? Tradeglobal first or IB first?

I can open IB and change to trade global later right?

Go with tradestation global.

What if one day I decided to actively trade?

Any ways to change to Ib?

Then open a pure IB account. (new username and password). Fund it. Login. PM them from client portal telling them you want to transfer in.

This post has been edited by Ramjade: May 15 2020, 08:07 PM

Kindly read first page of this thread

Anybody tried shorting shares with TradeStation Global or IB?

Hi, i done register IBKR only notice that while label no charge USD10 for monthly fee. So I still able transfer to white label after I use few month and the volume still low?

trading212 i gona try, can try credit card deposit and paypal and googlepay.

however have not try it before. had someobody use trading212 ?
there is cfd account and shares account. plenty of shares available

Anyone tried funding IBKR in SGD using BigPay before? Their exchange rates are quite competitive and sometimes come very close to instarem. What I also like is that you can top up with credit card.

Yes. On IBKR you can just put in a "Sell" order for a share that you do not own. In your portfolio, it'll show the number of shares owned as a negative figure, and as the price drops, the your P&L figure increases, and vice versa.

Yggdrasil did an analysis.
https://forum.lowyat.net/topic/4857608

But I have not tried a fund withdrawal to a 3rd party before. Not sure what additional scrutiny is involved.

Maybe others can share their experience

This post has been edited by zenquix: May 17 2020, 12:16 AM