Interactive Brokers (IBKR), IBKR users, welcome!
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 May 10 2024, 12:29 AM
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#1
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Junior Member
124 posts Joined: Jun 2007 
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hi qq, currently using FSM for monthly DCA into some ETF's
Just opened a IB account. Looks like Wise fees are high , would it make sense to keep using FSM for the purpose of DCA? If i were to ever abandon FSM , i can just transfer the securities to IB right for a small fee? |
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May 10 2024, 12:40 AM
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#2
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Junior Member
124 posts Joined: Jun 2007
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QUOTE(Medufsaid @ May 10 2024, 12:34 AM) damien5119 how much do you DCA? is it RM1 in fees up until RM1,250? and how much is the fees when they convert from RM to USD? 0.4%? i saw in this thread the fees are like 0.65% for wise? |
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May 10 2024, 01:32 AM
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#3
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Junior Member
124 posts Joined: Jun 2007
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QUOTE(Medufsaid @ May 10 2024, 12:41 AM) damien5119 i'm asking about FSM conversion. Yea i saw that, let me do a quick compare tomorrow. Although , remit thru SG is too much work for me. Prefer set and forget, maybe do transfers to top up once in a while if using the IB RSP.normally for IBKR, we transfer using remittance companies to CIMB SG, then send it over to IBKR. check the past few pages |
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