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 Best US Stock Investment Platform, Long term holding

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tonytyk
post Nov 17 2023, 08:52 PM

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QUOTE(Ramjade @ Nov 2 2023, 06:07 PM)
Tiger uses IBKR. You want to move away from.IBKR, only options are Tastytrade and First trade.
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Heard of moomoo, usmart? All these must trade via funding to sg? Not possible to trade directly from Malaysia?
tonytyk
post Nov 17 2023, 11:33 PM

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QUOTE(Ramjade @ Nov 17 2023, 09:24 PM)
Of course. But moomoo is off limits now to Malaysian unless you got Singapore phone number or work pass or something like that. Cause they are launching soon in malaysia. I already have moomoo before they put up this road block. My place to park my SGD to earn some money. I heard of usmart but not interested as I already have tiger and moomoo.

Can trade from Malaysia. Only thing is you need to fund it using bank transfer and everytime you fund your account, you pay markup exchange rate by 2-3% and you pay TT fees. Now why would I want to pay bank extra money when I can fund directly from SGD at no extra cost? I convert RM to SGD at near moneychanger rate (way better rate than what Malaysian banks can give me) and have more SGD left over for funding.
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When is moomoo coming to Malaysia?
tonytyk
post Nov 18 2023, 11:11 AM

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QUOTE(Ramjade @ Nov 17 2023, 09:24 PM)

Can trade from Malaysia. Only thing is you need to fund it using bank transfer and everytime you fund your account, you pay markup exchange rate by 2-3% and you pay TT fees. Now why would I want to pay bank extra money when I can fund directly from SGD at no extra cost? I convert RM to SGD at near moneychanger rate (way better rate than what Malaysian banks can give me) and have more SGD left over for funding.
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If consider inheritance, then not easy for beneficiary to claim money placed overseas. So there are other considerations unless you are permanently settled overseas?

 

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