cybermaster98 if withdrawing via SGD->CIMB SG->CIMB MY isn't possible, are you able to withdraw USD via Wise? then convert to RM, and topup to ewallet (TNG or BigPay). BigPay very lax when it comes to DuitNow to local bank accounts, TNG ewallet might be stricter (or not. since this isn't credit card funds)

i will strongly discourage transfer as you've shown

You mean you phoned Maybank HK in KL and they still can't tell you who is their correspondent bank?

I found this old info by the way: https://forum.lowyat.net/topic/4429618/all not sure if it is helpful.

Correspondent/Intermediary Bank for IBKR (USD):

Maybank: Citibank N.A.
Hong Leong: J.P. Morgan

Hope it helps. I have personally verified both of them.

he envision moving ~$10mil usd in 10 yrs time from ibkr directly to mbb... he not bothered with our b40 methods... des why keep on asking everywhere about intermediary banks... told him liao jpm chase or citibank and somebody even say maybank new york... he just have to do a test transfer now...

I just submitted.

But thing is, it does not ask me for
1. A Photo ID To verify
2. Document to Verify

So, i wonder if i was missing something...

I said many times in many places. If you want highest return, go with QQQ. Their return have always been more than S&P500 butord volatile. If you cannot stand volatility, then stick with S&P500. Ireland version of QQQ
https://www.reddit.com/r/singaporefi/commen...lent/?rdt=63973

US etf if you want to do options.
Ireland version if you don't want options and save 15% on dividend tax.
CSPX (non fractional shares) or VUAA (lower price and support fractional shares)

Once you get 100 shares in US, you can easily do options to get back your 30% tax and more. Not everyone wants to do options.

Qqq is more diversified.

MGK is too mag7 heavy 🤦‍♀️ while buy mag 7 directly will give better returns in the long term

Qqq is different because of different tech sectors inclusive entire ecosystem

Bro, thanks for ur suggestion

For the cash on hand, how to get the interest? I still unclear bro.

I always read some banner got x% keeping the cash.

Guys, say i purchased 500 shares of Alphabet in five 100 share increments over the past 3 years. if i want to sell just 200 shares, which shares will be sold first? The earliest purchased or the latest? Can i select?

sorry i dont know the answer to your question, but what is the difference if IBKR sell either your initial or latter shares can make?

guys. sorry if out of topic.

i did comparison, if i transfer RM 30,000 using wise vs moneymatch, i can save RM 115.15 of fees by using moneymatch.

wise is by directly RM to USD in IBKR
Moneymatch is by RM to SGD CIMB Singapore, then to SGD in IBKR, then convert to USD in IBKR.

thanks to the users here that mentioned on Moneymatch. Good bye Wise you are too greed.

every one's been telling you how to do it since months ago

There are various accounting methods to handle that, but those are your concern not the broker concern. Broker sees you have X number of units, after sell you have X-Y.

Those are reporting (normally for tax reasons) decisions. What material impact does it have on us as Malaysians investing in overseas market? The broker is reporting the same data to you in two 'formats', but since we are not taxed locally for capital gains (nor can we claim for any losses incurred) this is pretty much just preference.