Any idea on the underlying assets? I'm keeping off until they release the full info.

I wonder is there any good alternatives to IBKR that is licensed locally? I don't mind taking some compromises. Rakuten's fee are not that expensive but the stocks and ETFs are currently limited.. MIDF the fee is expensive at 8USD for <1K USD. However, I am looking to hold for a very long time.. Looking for solutions with simple deposit and withdrawal

I am abit concerned on using fintech such as TransferWise to bridge towards the platform... From what I have calculated, the forex rate is roughly equal on MIDF/FSMOne/Rakuten when you do it both ways (RM > USD > RM), as there is fee incurred when using TransferWise. The brokerage fees on our SC regulated services are quite high and the execution is perhaps not good when compared to IBKR. Really hope someday we would see platform with low fees, easy cash deposit/withdrawal. Seems like there is always a drawback and not all is perfect

Its seriously very annoying. Apps like MIDF under PNB can charge lower trading fees like RM8 instead of USD8. They have an MYR + USD Cash Account and the withdrawal is pretty quick (getting the next day). Their SaxoBank trading platform is quite nice aswell... Lower the fees and people would literally flock to them... Not so hard right...