No way because cash account is still in rm hence you will pay according to their FX rate

Only this early international broker like IBKR and like will have preferential live FX spot rate which is why ppl go there and trade

Still expensive. Paying USD8.80 Vs USD0.35/transaction or even USD0.00. Big differences.

Let him be as he likes to make banks and brokers richer

from the FSM website, even if you buy US Stocks, you have to pay the msian stamp duty? MYR 1.00 for every MYR 1,000.00 contract value, maximum MYR 200.00...

Yes. FSM is still a bad place to buy US stocks. For small amout, paying that transaction fee is not justify at all.

Yes because you’re buying through local broker same as you buy with local investment bank so as well

Stamp duty not a main concern charges but buying of charges of minimum 8.80 or 0.8% is the one that kills you

Imagine buying just 1 Apple share it is already takes up almost 8% extra just on charges

For those who buy lump sum and holding for years by all means it is only 2% more with FX conversion rate compared into international brokerages

I can only share how share how to keep more money for one ownself. Up to that person if he wants to make banks and brokerage richer or make himself richer.

Agreed wholly sometimes advice then let it be

Soon, you can buy SGX shares from FSM Malaysia. You can then access S-REITs from FSM Malaysia!

https://links.sgx.com/FileOpen/iFAST_Result...t&FileID=687862

the only drawback is the high transaction fees......

Be prepared to pay at least 0.8% or SGD8.80 whichever is higher per trade instead

There is a reason I am an iFAST shareholder

Watch out. With moomoo and tiger, it's only a matter of time before iFast also burns cash to compete with them. I am rooting for Moomoo as they are backed by tencent.

I foresee that day to come. In HK, moomoo ads appear everywhere, on public buses, in almost all MTR stations.

You should beware of regulatory risk too. Anyway, I didn't know you have stakes in Futu. You write options on Futu stocks listed in NASDAQ?

This post has been edited by TOS: Oct 26 2021, 07:28 PM

I don't have stakes in futu but I have tencent HK version. No way ifast can compete if they don't burn money or else guarantee to lose market share.

I heard it's a good platform. This is coming from sg investors who don't bother about sg stocks at all (same boat as them who love to buy when market is red). They are mainly using IBKR and TD. They said they are impress with moomoo. I only have tiger and so far so so. I didn't open Moomoo yet so can't comment if it's better than tiger.

iFAST has other businesses like B2B segment. Time will tell who wins.

Anyway, I think you have heard of "embrace, extend, extinguish", the triple-E strategy.