Hi Fellow Gurus,

I am an absolute newbie in IBKR

I am a StashAway Investor, and adding IBKR into my portfolio to directly purchase some ETFs
Just want to get my numbers right.

Currently, StashAway has a 0.8%p.a charge , with 0.2% ETF expense ratio p.a. and a one-time 0.1% currrency conversion.
https://www.stashaway.my/pricing

Let's use RM5000 Buy and Hold for 5years as an example,

StashAway

RM5000 x (0.8% + 0.2% + 0.1%) = RM50/per annum + RM5 conversion fee

5 years (RM55 1st year + (RM 50 x 4years) ) = RM255 in fees


IBKR + TSG

The flow : MYR Bank > Instarem > SGD in IBKR > USD in IBKR > Purchase ETF in IBKR

Instarem transfer : RM 5000 > SGD : Fees Roughly RM25
SGD.USD Pair in IBKR : Exchange Fees USD2 ~ RM8.50
Buy ETF Fees : USD 1.5 ~ RM6.5

Total Fees : RM40

5 Years (RM 40 1st Year + (RM0 x4 year) ) = RM 40

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Above scenario has not considered withdrawals, but for simplicity sake, I would just take the same RM40 fees in IBKR example.

My other variable is :

Stashaway : Converts MYR to USD directly , den reverse when withdraw

IBKR : Convertys MYR to SGD + SGD to USD , den reverse when withdraw

Summary,

short of the conversion rate risks, IBKR is the clear winner in terms of fees. Or am i missing something ?
Feel free to copy paste the calculation and fix it accordingly.

I will still remain invested in StashAway, but also exploring other options.

Any input is welcome

Thanks guys