Just go with interactive broker. Just because something is not regulated by Malaysian SC does not mean its not safe. They are regulated by US, UK, SG version of SC. Now who do you trust more? Malaysian SC or US, UK, SG SC? I will trust US, UK, SG SC more than Malaysia reason Malaysian SC is a joke. Put TD and etoro into blacklist? Come on it's a joke especially they are legal services.

Good luck paying usd5.00 Vs usd0.35 by giving MIDF free money. Interactive broker fees is only USD0.35/transaction.

Of course if you want peace if mind, I have nothing i say other than you are giving away free money to midf.

I have been usig IBKR for almost 3-4 years already and I will continue to use them going into the future. I don't care what Malaysian govt thinks. Ibkr is one of the fundamental sound brokerage. They are damn kiasi (risk adverse) which you as user should feel good about. Think of it like public bank which is super conservative. Same thing only difference it's a brokerage. Period.

Got. If you don't mind stuff which is regulated by sg govt, FSM sg, moomoo, tiger.

I will recommend moomoo if you don't want to use Ibkr.

This post has been edited by Ramjade: Dec 24 2021, 12:00 PM

No issue. Just that get ready to loose free money to Maybank. (TT fees, markup exchange rate by Maybank - less RM received as some amount have been take by Maybank, intermediate agnwt fees).

Keep in mind, coming Jan 2022, all overseas dividend will be tax. So if I will you, I will just keep my money overseas unless you really need to use it.

You don't want to loose free money, open sg bank account, concert USD or GBP into SGD via IBKR at spot rate (real time market rates used by banks for themselves without any hike up) for usd2.00/transaction. Withdraw the SGD to cimb sg. Cimb sg to Malaysia have one of the best rate (sometimes even matching money change rate)

This post has been edited by Ramjade: Dec 24 2021, 12:12 PM

Follow the steps below.
https://ringgitfreedom.com/banking/opening-...for-malaysians/

Yes. On all income from overseas. If you bring the money back to Malaysia. For first 6 months flat rate of 3%. Subsequently in July onwards additional money brought back add onto your current income tax. Govt desperate. No money already hence come out with this tax.

If its capital gain, no tax. You need to keep all brokerage statement starting next year.

It's all over the news.
https://www.theedgemarkets.com/article/cove...me-step-too-far

Latest based off Google.
https://news.bloombergtax.com/financial-acc...-sourced-income
https://www.crowe.com/my/insights/taxabilit...-sourced-income

This post has been edited by Ramjade: Dec 24 2021, 01:53 PM