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 Interactive Brokers (IBKR), IBKR users, welcome!

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Wazzzap
post Aug 18 2020, 06:48 PM

On my way
****
Junior Member
506 posts

Joined: Jan 2003



hey guys first timer here, how do i use transferwise to deposit money?

the bank account they gave me is a VAN which is for myself only
Wazzzap
post Aug 19 2020, 12:38 AM

On my way
****
Junior Member
506 posts

Joined: Jan 2003



QUOTE(Yggdrasil @ Aug 18 2020, 08:57 PM)
What currency you're trying to send?
I just heard that it's incredibly cheap to send SGD and other currencies via Sunway Money. I suppose it's even cheaper to send RM10,000 SGD to SG bank then SGD to IBKR and manually convert paying the tiny fee. Still cheaper than losing RM90 per RM10,000 transferred.
I think they only need to verify your address.
Use your passport to verify identify and your IC to verify address.

I guess CIMB is regarded as untrustworthy by them. Malaysia is famous for money laundering/terrorism financing so I'm not surprised. Try Maybank or other banks.
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Trying to trade in US Stock market
Wazzzap
post Aug 19 2020, 04:35 PM

On my way
****
Junior Member
506 posts

Joined: Jan 2003



QUOTE(Yggdrasil @ Aug 19 2020, 09:55 AM)
Edit: Removed personal info
Just an update. My transactions went through. Both Instarem and Transferwise.

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Sorry how do you deposit USD through instarem and transferwise using Malaysia bank account? '

Do I select the wire transfer option?


 

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