Slow and steady. Once you have usd200k (margin of safety in case market drop by 50%) then you transfer over to pure IB. That's what I am doing anyway. Slowly collecting until reach Usd200k then make the switch.

Thanks for the info. So can open SG Maybank account online?

Can transfer to IB using MY Maybank? Kena fees?

This post has been edited by JohnL77: Feb 20 2021, 12:29 AM

eh.... tda tered becomes ibkr liao ah...

Go read the respective threads for more info.

err... does anyone got both the tda and ibkr??

thinking of the fund transfer flow like this:
[sg bank] <fast> [ibkr] <ach> [tda]

if free to transfer between ibkr and tda, then this should be the low cost approach

Ok, thank you. Kinda sneaky this TD. Their website only stated withdrawal fee $25. If every deposit also kena $25 then die la for poorfags like me.

deposit no fee from tda

$25 is clearance bank fee if you wire from malaysia... this is a you problem, not tda

should work for funding tda

but is poor man's thinking... just get rich where fees become inconsequential

TDA zero commissions for ETFs?

If want to buy and hold ETFs, TDA is better? So going through his method will avoid the $25 bank clearance fee?

This post has been edited by JohnL77: Feb 20 2021, 08:26 PM

It's from Malaysian side. Nothing to do with TD.

This post has been edited by Ramjade: Feb 20 2021, 08:30 PM

Currently reading the IB thread.

But I'm curious whether this method will work to avoid the $25 fee?

tda... zero commissions on stocks and etfs... $25 withdrawal fee

if you wire money from a malaysian bank, it must go through a swift intermediary bank and will be charged $25 clearance fee

if you trade a lot... tda may be better if ibkr trading fees > tda bank clearance and withdrawal fee

if not, you are probably better going with tradestation global, tiger brokers, etc.

Thanks.

Don't waste time trying to go through so manny hoops. Pick one.

Either you suck up to TD and don't withdraw so much.
Or go the IBKR way.

That is the US banking system and less to do with TD which has helped contribute to the rise of Neobanks.

Domestic and foreign wire transfer fees are charged by most banks and are usually only waived if you are a priority customer or some banks waive it automatically for everyone.


This might be helpful for you and do heed the advice of others that have helped you.

https://ringgitfreedom.com/2020/11/13/journ...onal-brokerage/

Thank you. Still got many pages of the DIY S&P 500 and IBKR threads to read. And yes, I found that blog on those threads too. Very good blog.

Dear Sifus

Tumpang my question here. Have you done any transfer to TD Ameritrade via CIMB recently?
I tried online foreign transfer. It got rejected for 3 times.
Wondering whether you face any issue with recent transfer

Regards

Multiple transfer over maybank last and this month, no issue at all.
CIMB no idea, just use maybank and see.

I have the same question too, is it possible?

Can share some screen using Maybank ?