Actually I have this concern too. Therefore, I am exploring FSM to do all the local and oversea stock investment, but FSM got a stamp duty charge for all transaction which is a bit turn off.

Unlikely IBKR will setup office 🤦‍♀️ because the troublesome and not transparency of SC and BNM approval

Even for Rakuten for them to get the license for foreign stockbroking there is an implied rule that majority of the brokerage have to be held by a local partner 🤦‍♀️

Anyway Rakuten and M+Global foreign stock trading backend is using IBKR for execution

Data graciously taken from luffydad.com - VWRA vs VT 2013-2021

VT is US-domiciled, so a hefty 30% withholding tax is levied on dividends. VWRA/VWRD is Ireland-domiciled UCITS, and since Ireland has double taxation treaties with Malaysia, only 15% withholding tax is levied on dividends. This adds up to roughly 0.5% total difference in return over the years.

When the outcome of a retirement portfolio can be entirely different between 3.5% average return and 4% return, there is almost no reason to invest in VT instead of VWRA - this is the same reason why Malaysian opt for CSPX, an Ireland-domiciled SP500 ETF instead of VOO, and VAGU/AGGU instead of BND/BNDX for bonds.

If one bought fractional shares using IBKR, do he still able to enjoy the dividend payout?

0.18 USD / 20 USD * 100% = 0.9%

That's quite high...

Woah this I don't know. Upon further reading looks like no withholding is necessary in the first place.

https://www.ssga.com/library-content/produc...us-en-ssiit.pdf

Not sure if they apply the withholding due to ease of administration. You think can complain?

I think so, but better check with dwRK. StashAway switched over to Irish domiciled ones due to the 30% WHT issue too: https://forum.lowyat.net/index.php?showtopi...ost&p=107976337

ireland and usa have a tax treaty... so they pay only 15% wht for usa listed stuff... hence you get 85% of div because of it...

Phoned Maybank home branch in KL and they couldnt answer. But from the link you posted, it seems that the ABA Number: 026001287 is Maybank intermediary bank. Anybody used this?

Wow how did you verify when phone calls to branches don't work. Can share some tips to get info?

Those banks refer to "Maybank/Hong Leong bank" or "JPM/Citi"?

1. If those banks refer to Maybank/HL Bank, unless the staff tells you it's JPM/Citi, otherwise you won't be able to know whether it's JPM/Citi, right? Then you would have ended up like abcn1n's case.

2. If those banks refer to JPM/Citi, (wow HNWI spotted lol), why would the staff bothers to tell you they are correspondent banks to Maybank/HL Bank? Unless you kepo and ask them?

Thanks for this. But what is the SWIFT code for Citibank N.A or address? And how do i link to my Maybank account for the transfer?

I asked cuz i wasn't getting the answers. But now thanks to some of our members here i have the answer. Nothing about whatever amount or b40 or T5.