The last round I have done withdrawal to my Maybank account in 2020 from ibkr. Not sure if it's blocked by BNM now or not. But as someone else said, you can withdraw money to Singapore account. Anyway, don't plan to take the money back from there anytime soon, want to put more money in US stock and SG Bank. So not a problem for me.

As for legality in Malaysia, anything not regulated by Malaysia authority is not legal.

Interactive Broker is an international Tier 1 broker regulated by SEC, FCA and other key financial market country in the world. I am not worry.

It is not some faceless company like TriumphFX regulated by some pirate island in Secyhelles or Cyprus, which are totally worthless and and has less credibility than Malaysia's SC.

Actually not stupid...they just don't want you to take money out of the country easily.

This post has been edited by CommodoreAmiga: Feb 3 2023, 06:27 PM