This might sounds dumb, but does anyone here know IB can withdraw money to Instarem, and then transfer to Malaysia banks?
Interactive Brokers (IBKR), IBKR users, welcome!
Interactive Brokers (IBKR), IBKR users, welcome!
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Apr 24 2020, 08:51 PM
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Junior Member
173 posts Joined: Feb 2014 |
This might sounds dumb, but does anyone here know IB can withdraw money to Instarem, and then transfer to Malaysia banks?
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Apr 24 2020, 09:21 PM
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173 posts Joined: Feb 2014 |
Nvm, thanks Ramjade
***I just got brain f a little MCO got to all of us This post has been edited by VincentCS: Apr 24 2020, 09:23 PM |
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Sep 5 2020, 03:48 AM
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Junior Member
173 posts Joined: Feb 2014 |
QUOTE(Ramjade @ Aug 25 2020, 04:18 PM) Theoretically can if you have tw borderless account. Do you have tw birderles account. How to open borderlands account now? It shows Malaysian can now only send money but not receive it |
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Sep 14 2020, 08:32 AM
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173 posts Joined: Feb 2014 |
Anyone here using HSBC foreign currency account?
Wonder what's their opinion of it, comparing to other local banks on bringing back fund from USD. |
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Sep 14 2020, 08:24 PM
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173 posts Joined: Feb 2014 |
QUOTE(echoesian @ Sep 14 2020, 09:37 AM) Yes, I wish to know as well, another question is how much HSBC charge for transferring fund from HSBC Everyday A/C to IKBR directly? How is the conversion rate of HSBC on MYR -> USD ? FX rate is higher than fintech of course, but i don't see other way to bringing back fund from IBKR to malaysia. At least with FCA I can hold USD until the rate favors me.TT fees from Malaysia to US is RM45 per transaction. And then US will charge additional fees when receive the fund too. But all in should be less then RM100. According to Relationship manager |
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Sep 14 2020, 08:55 PM
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#6
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Junior Member
173 posts Joined: Feb 2014 |
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Sep 14 2020, 09:23 PM
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173 posts Joined: Feb 2014 |
QUOTE(tadashi987 @ Sep 14 2020, 09:02 PM) yes. I've check, it is. THANKS!go to ur side bar> report>download any report and check the account information, is the master name = TradeStation International Ltd, then nothing to worry of ![]() But now encounter another problem when i try to put an order. It shows "I don't have trading permission" ? ![]() |
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Sep 14 2020, 10:40 PM
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#8
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173 posts Joined: Feb 2014 |
QUOTE(tadashi987 @ Sep 14 2020, 10:28 PM) go to sidebar > account setting > trading permission > declare you have experienced in stocks before Thanks but i just found out is my account type is portfolio margin, already request change to margin type![]() Btw what's your way of funding your account and withdraw from it? wire transfer from banks or Singapore bank account? |
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Sep 14 2020, 11:19 PM
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#9
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173 posts Joined: Feb 2014 |
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Sep 15 2020, 07:05 AM
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173 posts Joined: Feb 2014 |
QUOTE(Ramjade @ Sep 15 2020, 01:12 AM) If you are on margin, beware of force sell. Yes IB can will do a force sell. Well, I have no idea how I chose margin type in first place, and I tried request downgrade to cash only, but the options only limit to margin now. But if I didn't put on margin order the force sell still affects me? QUOTE(Ramjade @ Sep 15 2020, 01:12 AM) Use fintech deposit money into SG bank. Avoid using Malaysian banks at all cost. Thanks, for tips, I am thinking directly use a HSBC foreign currency account, and only use it to bring back money. Meanwhile I'll use fintech to transfer MYR directly to IBKR. Have you tried it before?From there just deposit SGD straight into IB SG bank account. Sg is a very lousy financial hub compare to HK. Just bite the bullet and convert to USD. There's 2 way. 1. Monitor exchange rate. Change more USD when it's weak 2. Just change regardless of exchange rate. I am using method 2. Cause no time to monitor. Better for me to use my time for other stuff. |
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Sep 15 2020, 12:24 PM
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173 posts Joined: Feb 2014 |
QUOTE(lamode @ Sep 15 2020, 11:33 AM) generally speaking, it's sad but the reality is the quality and professionalism of our bank officers here totally failed. Seems like the wiser choice is to open a SG bank account huh...they may be able to answer questions related to common tasks, anything more, your guess is likely as good as them, because they also simply shoot without knowing for sure. too many occasions they gave my opposite/misleading info of what stated in their product descriptions and/or T&C. I just want to buy hold some ETFs and trade some FAANG stocks. Nothing fancy like futures etc. |
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Sep 16 2020, 03:49 AM
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#12
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173 posts Joined: Feb 2014 |
QUOTE(lamode @ Sep 15 2020, 12:38 PM) for the benefit of others, if you not looking for the most cost efficient way to trade US stocks, but rather a simple and easier method to buy once in a few months or so to hold for long term, no need so troublesome. local broker can also buy US stock, like CGS CIMB for example. now let's back to IBKR related topics |
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