Eh, I did a different way than you and Duckies mentioned but not sure if it's cheaper or more expensive.

Cause converting MYR to EUR in wise already has charges about ~10 MYR. Then transfer to IBKR should be FOC. Then in IBKR EUR to USD will be charged 0.03% again?

I tried this way, topup MYR in Wise and then transfer to IBKR as USD. The fees is about ~10 MYR also for Wise transfer. Then after that should be no more additional charges?

But when I bought 2 units of VUAA it has USD 1.7 as commission not sure why but could it be from the left over Swiss Franc (CHF) conversion cause I think the MYR -> USD I transferred is not enough.

Wow thank you so much for spending time to explain it slowly and thoroughly. With this example, seems like the difference is negligible right? 4330.12 vs 4331.3993

But the 1.7 USD commission is something that I didn't expect...

Thanks for letting me know also

The ACH method can transfer directly from local bank? Or need CIMB SG?

I will try the EUR method next time. Btw, the conversion rate + fees I see in my Wise app is better than the one on the website..any idea why?





This post has been edited by NothinUnusual: Jan 1 2025, 12:38 PM