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 Interactive Brokers (IBKR), IBKR users, welcome!

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bokbokchai
post May 13 2024, 01:55 PM

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one of the reason why i wanna use sunway money or moneymatch for funding usd into ibkr.. but unsure whther can transfer into wise usd or sgd account balance then move into ibkr. i do noted that IBKR still charge fee for transferring usd but it was very affordable like less than 1 usd

pic show i converted myr to usd into USD in wise then transfer to IBKR via wise and charges me the fee for the USD transfer.

user posted image

This post has been edited by bokbokchai: May 13 2024, 01:59 PM
bokbokchai
post May 14 2024, 10:59 AM

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QUOTE(Medufsaid @ May 14 2024, 10:57 AM)
you give me an idea, since MYREUR is cheaper than MYRUSD, why not convert to EUR and send to IBKR for free (same for SGD)? convert to USD for free using recurring investment

user posted image user posted image

i won't be trying this since i have moneymatch
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euro to usd conversion free? how it works?
bokbokchai
post May 14 2024, 11:36 AM

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QUOTE(Medufsaid @ May 14 2024, 11:18 AM)
bokbokchai do recurring investment. don't convert your EUR. let recurring investment auto convert for you

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Still got commission fee.

user posted image
bokbokchai
post May 14 2024, 11:55 AM

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Yeah man. Currency conversion fee varies from 2usd onwards and share commission fee 0.35usd. Judging so the video actually shows 1.25 euro for commission fee. Are etf fee usually that high?
bokbokchai
post May 14 2024, 04:21 PM

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thanks for the explanation. had only been at us stock market all this while. maybe to learn to diversify into euro too
bokbokchai
post Jul 22 2025, 12:05 PM

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Guys if in future I have plan to withdraw all my usd out from ibkr to my malaysia savings account account. Whats the best way or safest way to do so? I have seen many post and comments on how to convert myr to other currency but no so much on other currency to malaysia.
bokbokchai
post Jul 22 2025, 11:09 PM

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QUOTE(Medufsaid @ Jul 22 2025, 12:08 PM)
bokbokchai convert to SGD send to CIMB SG and remit back to CIMB MY. or use Wise

or just stock transfer from IBKR back to FSMOne or Moomoo Malaysia
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I’ve always read that cimb is good since wise raise fee.

For converting back to myr, is cimb way cheaper vs wise? Is there a conversion tool or calculator from cimb where I can use it to compare with wise

 

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