i make it up, my IB received my USD from Maybank, in less than 30 mins!! super fast. Maybank is the best.

Just transfer straight to your MY account. It's not expensive.

Go check xe.com. Make a tranafer back and you will know your answer. Minus how much you received vs what's shown on xe.com is how much the bank takes.

Hi anyone know how I can enter a 'stop loss' or 'Profit target' into an existing stock for IBKR. I can find the SL & PT wen entering a new order, but not sure how to do it for an existing stock that oledi bought. Thanks for any input.

Read slowly and re read what moosset have to say.
To summarise what he said
MY Bank -> Transferwise/Instarem (valid EUR, SGD, HKD,) -> IBKR EUR, SGD, HKD account. You will get either EUR, SGD, HKD (whichever currency you choose to put into IBKR when you transfer money using transferwise or instarem)

From the EUR, SGD, HKD you deposited into IBKR, you convert into USD on IBKR platform for USD. Reason is IBKR does not accept USD from 3rd party (fintech). They only accept USD from US banks in your name (if you Want to have USD)

IBKR exchange rate = real time = cheaper than any fintech. No hidden charges. Pay USD2.00 to exchange how much money you want.

No difference.
Not really. Depending on the middle currency.

Yes been there done that. IBKR-> SG bank account. Free  of charge as it's considered local transaction. SGD->SGD
IBKR give you one free withdrawal a month. If you exceed that you pay I think USD25/withdrawal.

I don't transfer back to RM. For what?  My RM once transferred out is considered one way ticket. It's never coming back to Malaysia (I don't intend to bring money back to mslaysia)

TWS is way better

Q1, IBKR in the first place is DIY buying and selling. commission is charged for each trade. u need generate total usd 10 commission to waive the 10 usd maintenance fee per month
Might as well go for Tradestation global whitelabel of IBKR no monthly maintenance fee
(Thinking of that)

Q2. can but bank charge TT very costly, read the first post on the most cost efficiency way
(But I thought those online transfer platform such as Instarem will directly deduct fund from local bank account, not?)

Q3. not sure about this, not recommended also thou, malaysia inward remittance fee also costly, might as well for got CIMB SG no inward remittance fee
(Noted)

Q4. dont understand your question, what means by "automatically available in IBKR?"
(Ramjade have answered this)
*
QUOTE(Ramjade @ May 7 2020, 11:22 PM)
1. Yes. What do you mean owns elf buying and selling? Of course is owns elf buying and selling unless you give people your username and password.
(like tadashi987 mentioned IBKR is DIY buying and selling, so basically each trade I buying and selling will incur that commission and won't it easily hit that usd10?)

2. For now USD transfer does not work. EUR works. Not sure about currency.
(how about SGD?)

3. Can. You pay higher cost that's all. Some say worth it to pay higher cost. Save all the hassle of opening abc account. But when you re doing it recurrently over time it adds up. Eg you are supposed to received RM10k but because you usse banks, maybe you received only rm9800.That's RM200 gone to the bank. That's just one time. Eveytime you direct transfer to Malaysia, that's what happen. Something to think about. So up to you to think if you want to give banks free money. I know I don't. Instarem cannot received money. It's purpose is only to transfer money to an overseas bank account at a cheaper rate than what bank charge you so you get more foreign currency/RM vs if you use banks.
(Wait, I still need an US account to receive that fund then only transfer to IBKR. Still confuse on how to deposit fund into IBKR.)

4. Yes. You register with Whitelabels.Then you login to interactive broker using the username and password provided. Funding all goes into IBKR.
(Noted)

Kindly read first page.

Hmm, almost all my trades are 5 to 10usd per trade. If you buy 2000 shares (those less than 15usd per share) at one go, it will easily costs 10usd. Unless there's a cheaper way to trade? I use the Fixed Costs mode.

Form what I read can. But you need to sell think about bringing money back to Malaysia too if you really want to bring.

IB-> CIMB SG ->CIMB MY is one of thr cheapest way vs IB -> Malaysian banks

So your choice.

Because maybank not cheap if compare with Cimb
2ndly maybank got charges while Cimb is free.

This is only applicable for Cimb SG only not Cimb My.

Thanks, but not into HK shares at the moment. Converting from HKD to SGD in IBKR would add to some more commissions. Would be better off using Instarem if this is the case, no?

That said, is there no way to transfer funds to IBKR SG account directly (from MY) using transferwise? Can't find any posts where members report such issue in the forum.

Anybody tried shorting shares with TradeStation Global or IB?

Hey, is there a Telegram group chat for IBKR Malaysian users? Should we create one if there isnt?

Don't think so, if i am not mistaken, that is why sometimes banks will be a little particular if you want to TT directly to them

moosset

Regarding the first page. The part on transfer of funds to IBKR through transferwise in SGD from Malaysia doesn't work anymore due to the 11-VAN restriction issue. (Transferwise only accepts 9/10-digit account number.)

You may want to update that.

Thanks for the reference Singkalan🙏🏻
Wait so to clarify, no tax on capital gains at all or am I reading it wrong?

Hi Fellow Gurus,

I am an absolute newbie in IBKR

I am a StashAway Investor, and adding IBKR into my portfolio to directly purchase some ETFs
Just want to get my numbers right.

Currently, StashAway has a 0.8%p.a charge , with 0.2% ETF expense ratio p.a. and a one-time 0.1% currrency conversion.
https://www.stashaway.my/pricing

Let's use RM5000 Buy and Hold for 5years as an example,

StashAway

RM5000 x (0.8% + 0.2% + 0.1%) = RM50/per annum + RM5 conversion fee

5 years (RM55 1st year + (RM 50 x 4years) ) = RM255 in fees
IBKR + TSG

The flow : MYR Bank > Instarem > SGD in IBKR > USD in IBKR > Purchase ETF in IBKR

Instarem transfer : RM 5000 > SGD : Fees Roughly RM25
SGD.USD Pair in IBKR : Exchange Fees USD2 ~ RM8.50
Buy ETF Fees : USD 1.5 ~ RM6.5

Total Fees : RM40

5 Years (RM 40 1st Year + (RM0 x4 year) ) = RM 40

-------------------------------------------------------------------------------------------------------

Above scenario has not considered withdrawals, but for simplicity sake, I would just take the same RM40 fees in IBKR example.

My other variable is :

Stashaway : Converts MYR to USD directly , den reverse when withdraw

IBKR : Convertys MYR to SGD + SGD to USD , den reverse when withdraw

Summary,

short of the conversion rate risks, IBKR is the clear winner in terms of fees. Or am i missing something ?
Feel free to copy paste the calculation and fix it accordingly.

I will still remain invested in StashAway, but also exploring other options.

Any input is welcome

Thanks guys 

May I know the reason why we need to convert the currency according to each stock exchange?

Let's say I have USD, and I would like to trade on hkse. Can I just place the trade without converting??

Thank you..