What's SOW? How about calling them? I believe HK number. Or request them to call you. IBKR called me from HK before... Lol. Just to tell me lockdown period cannot send me the security card.

it is not bad, just tried converting 5k MYR managed get SGD2 more than BigPay 

Well there is a saying.

Penny wise pound foolish.

Might as well get the current discounted stock if you think it to be so.

Thus you are not seeing the bigger picture.

Just to save a penny you miss the opportunity cost associated with it.

Well, your money your choice but if a good company is in a discounted price, wouldn't you straight away get that opportunity regardless?

Then you are trying to invest too much.
There is also a saying.
Invest in the amount that t you are willing to lose.

Start small first then.

EUR CHF GBP quite beaten down... can invest in those markets first... pivot to us market later...

anyways can't run away from forex costs once you decide to go out...

Which currency? SGD? USD? CHF? HKD?

all along same bank details I thought if use Wise? Can check Ziet invest youtube here on the steps:

Contact Wise or IBKR also they can't help.
Wise the moment sent out money they wash hand liao. Can't track anything.

As for IBKR, Direct ACH transfer they can't track.. if SG CIMB send money to them using Bank Wire then only they can track.
Hence this step safer and faster, steps here:



but slightly more expensive unless if you send a large amount of SGD. Due to the fixed USD2 per conversion in IBKR from SGD currency to USD.

where? email? can u post a screenshot?

Did u use ACH transfer method?

Does the name tally between your registered ibkr and wise?

First time see this

Hi all,

Can I check the current best (safe and cheapest cost) for transferring large amount (6 digits) to IBKR from Malaysia?

Is it still transfer to SG bank then from SG bank to IBKR Citibank SG account then covert from there? I notice lately from IBKR browser portal now they have a link/button to convert the currency... no more confusing conversion using the IBKR windows app....

Or possible now to just convert to USD in Malaysia USD account, eg HSBC Malaysia, then TT to IBKR directly?

When I go IBKR website they got confusing (at least to me) instructions to wire via ACH etc. Many thanks for advices.

Yesterday I checked if I go through Rakuten, the difference compared to online rate is about 0.6%. Of course the transaction fee a lot higher than trading in IBKR, but if amount is big works out to be 0.5 to 1% more. Meaning total costs around 1 to 1.5%. I am referring to buying US ETF. Rakuten fee rm100 cap, and stamp duty rm200 max.

I read from news that DUIT and PAYNOW in some kind of collaboration that will do instant currency transfer at minimal rate, resulting in money changers needing a new business model. Hope it comes soon...

You got CDP account in SG? Or US green card holder? Then can try SG T-bills or US T-bills purchased via TreasuryDirect. https://forums.hardwarezone.com.sg/threads/....6813629/page-3

Otherwise, you can only access secondary market of T-bills.

You can do so via IB. But upfront charge is 5 USD. https://www.interactivebrokers.com/en/prici...sions-bonds.php

Steps to buy via IB: https://forums.hardwarezone.com.sg/threads/...#post-143589143