You did not search hard enough
https://forum.lowyat.net/topic/3396549

I am a user

Of course is cheaper using IB to buy stocks from SG/US.
Reason is no quarterly platform fees. No dividend fees. No markup exchange rate With IB you get spot rate (real time rates used by banks to trade among themswlves).

Not to mentioned IB have fantastic rates. Way cheaper than any brokerage.

This post has been edited by Ramjade: Sep 29 2019, 09:09 AM

SG brokers are light years behind IB

Pro baru launch. Majority of us will be on full version of IB.

I use whitelabels of IB hence avoid paying the USD10/month charge.

Trade off is I pay higher commision than pure IB but the commision I paid is still at least 50% discount to what SG brokers will charged me + no pesky dividend tax/quarterly platform fee. I get full version of IB minus the pesky USD10/month fees.

This post has been edited by Ramjade: Oct 1 2019, 06:57 PM

Rebranded version of IB. Companies rent IB platform and market it as their own.

All info is found in the link I provided above. All you need to do is open and read it if you rajin. I did.

This post has been edited by Ramjade: Oct 1 2019, 10:14 PM

Just go with Whitelabels. Lite is only limited to US markets. You think I can hit USD10/month commision? No. That's why I opted to go with Whitelabels. Allow me the peace of mind of buying whenever I want and not forced buying.

Another thread on whitelabels
https://forum.lowyat.net/topic/4744515
The first thread is the original one with more info.

This post has been edited by Ramjade: Oct 1 2019, 10:41 PM

That's if IBKR accept third part transfer. So far I know they don't accept transferwise. They don't accept third part transfer for USD but they accept for EUR. It's a hit and miss. I rather not have my money stuck in limbo and take like 90 days to get it back. You are welcome to test and see if they accept 3rd party transfer.

After all IB exchange rates are super cheap. Is spot rate. Real time market forex rate which changes every 2nd. Commission only cost USD2/conversion.

Avoid going Cimb MY -> Cimb SG. Get robs by banks only. Used fintech to transfer your money. Avoid using banks in Malaysia at all cost to transfer your money. Last time no choice. Now we have quite a lot of choice.

Depends in you lo. If you want to keep your cost low, IBKR.
If your purpose is US stocks only maybe and you want pretty interface maybe TD Ameritrade.

For me I am a cost guy. So my option is bias towards IBKR. I choose IBKR for few reasons.
1. super cheap. You can't find another broker at this price set. Believed me I have looked
2. just works. Does what it needs me to do. Cheap does not mean low quality. I am satisfied with IB.
3. Access to spot rates for foreign currency conversion. Even with priority banking, one can never get such good rates.

Yes can. Be prepared to fork out expensive transfer fees.

I don't use charts so charting is of no importance to me as I am buy and hold guy. I see cheap, I buy. Never sell unless maybe got some fundamental changes

IF your buy price is 1-2% different from current price, just sell and re-buy again. If you are like me where I am sitting on 30% gains and if sell definitely won't be able to buy back at original price, I have no choice of selling and my only option is transferring.

Just use their whitelabels. Settled.

As mentioned the USD10/month can easily be bypass by going with Whitelabels.

Is memang link already

Your choice. You can trade via tradestation program or IBKR website/program. Up to you.

For me I sign up via Tradestation global, then everything from customer service, buying, depositing money all I use IBKR website/deal with IKR. I never even bother about Tradestation global apart from opening account time.

Wrong. Transferwise will transfer under their name. Not yours. Recipient side will see Transferwise name and not yours.

This post has been edited by Ramjade: Oct 4 2019, 04:24 PM

You are wrong again.
You can use transferwise to send USD. Question is if receiver gside got issue with third party name. If no issue, your transfer will go through.

That account doesn't send USD but when you send USD, it's deducted from that USD account.

I don't know where are you getting USD5 and USD10. Tradestation only charge you min USD1.50
https://www.tradestation-international.com/...ng-commissions/

There's a different between tradestation and tradestation global. Tradestation global is the whitelabels of IB.

For pure IB is only USD0.35.
https://www.interactivebrokers.com/en/index...=1590&p=stocks2

Nope Malaysian broker more expensive. Higher markup exchange rate vs spot exchange rate.
Quaternary platform fees.
Dividend fees.
You do that maths again.

Keep in mind over long time you will be bleeding lots of money to banks if you use TT to interactive broker.

With zero commission war between brokers for US market I think Charles schwab is the winner.
The question is whether you can open it as a Malaysian or not.

If you cannot have access to those zero commision brokers, then yes interactive broker is the cheapest.
If you op for pure interactive broker and if you choose tiered pricing (the cheapest option) is few cents per transaction. If few cents I won't even bother counting.

If you have no money for pure interactive broker like yours truly and op for whitelabels (rebranded version of interactive broker by other companies but still interactive broker), it cost about USD2-4 depending on which whitelabels are you using.

Apparently no.
https://www.elitetrader.com/et/threads/does...minimum.329812/
Keep in mind the inactivity fees. Less than USD2k in cash or stocks = USD20/month. Less than USD100k = USD10/month.

Whitelabels memang got no inactivity fees.
You paid for it by paying higher commission. Pure IB few cents per transaction, whitelabels $2-4/transaction. Which is still cheap.

Once you hit USD200k, open an account with pure interactive broker. Perform an internal transfer and close the Whitelabels.