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 Is Interactive Broker Legal in Malaysia?

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syaaron
post Nov 1 2024, 11:25 AM

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QUOTE(MystiqueLife @ Oct 9 2024, 10:04 PM)
Can do this but not advisable. USD transfer to different bank institutions under your same name will be withheld 44+ working days due to FINRA policy. I tried with USD 10 and only managed to get it back two months++ later.
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Say you use Wise / Sunway Money or CIMB SG to deposit in, when you withdraw back to Wise should be no issue ?
syaaron
post Nov 1 2024, 12:10 PM

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Junior Member
434 posts

Joined: Jun 2015
QUOTE(Medufsaid @ Nov 1 2024, 11:53 AM)
syaaron if you deposited SGD, you cannot withdraw SGD back to Wise

u can try to withdraw USD back to wise (although, if you have CIMB sg already, why use a more expensive way to convert back to MYR?)
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I deposit using RM.
Been using IBKR for a year plus, prior CIMB SG i use alternatives, just wondering if i withdraw today will it have any holding

 

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