Interactive Brokers (IBKR)

Money transfer
These methods have worked in the past:
1. InstaRem: transfer EUR, HKD, SGD to IBKR;
2. CIMB: transfer money (via CIMB transfer or InstaRem or Transferwise) to CIMB SG, from CIMB SG to IBKR in SGD;
3. Transferwise: transfer AUD, GBP, EUR, HKD to IBKR (transferring SGD no longer possible);
4. Bank Islam (over the counter);
5. Maybank Internet banking, about $25 for fees;
6. BigPay (to deposit SGD) but can't enter your own reference number.

Not proven yet:
1. deposit USD via InstaRem, Transferwise.

Of course not. They don't have office in malaysia and have no license to operate on Malaysia soil. The reason they have no license is something to do with BNM with forex. Is old legacy from mahathir. He lost to George Soros in Forex hence he banned Forex.

So what if BNM blacklist IBKR? I don't care what BNM thinks. It will be business as usual for me (BAU). IBKR is regulated by few countries worldwide. Other global central monetary authority have already granted them license and that's good enough for me. Because it is not easy to get one license but getting multiple of it is something

There's nothing you can do. Maybe cannot direct deposit money or received money from IBKR. That's all. Which won't affect me.

They are perfectly legal. They are just a brokerage. Not some MLM or some shadowy company.

If you are uncomfortable using IBKR just because it's not approved by BNM, then don't. Use Malaysian based brokerage and pay higher commission fee, higher exchange rate, platform fees, dividend fees. I am sticking with IBKR

End of the day is your own money. For me I am not going to give free money to Malaysian brokerage by paying more.

Don't say other countries like US and Australia, closer to home IBKR is licensed by MAS. Who do you trust more? BNM or MAS?
https://eservices.mas.gov.sg/fid/institutio...NGAPORE-PTE-LTD

2) I don't understand your question, what pump in fund???
Must deposit to activate the acc la.... can't open it and let it have zero balance for 10 years right?
The base currency doesn't matter. You can deposit in any international currencies.

Read this
https://forum.lowyat.net/index.php?act=findpost&pid=92207301

Go watch YouTube. They have few tutorial on how to use IB on YouTube.

Hi there, which method is cheaper? Total amount required to transfer is RM11,000.

a) transfer existing $1000 SGD to IBKR + RM8000 via instarem to IBKR

b) transfer RM11,000 to IBKR via Instarem, then, withdraw the $1000 SCG to CIMB MY.

Thanks in advance