Do you heard about Citibank Global Transfer? You can transfer between Citibank account worldwide with on USD10 charge & the money credited instantly. No charge on receiving end. Unfortunately, Citibank Malaysia are yet to implement this feature. Citibank SG already have this feature.

The great thing about this feature is you do not need to be their Citigold member. Citigold member will get free transfer.

I should open an account when I was in US for a few months.
But one thing is: can we get free transfer from local to US bank? e.g. Citibank malaysia to Citibank US and back.?

For this case, it better just open sogotrade account and wired transfer the money direct to them and from them. The charge a bit expensive.

No need to waste time to transfer from sogotrade to us-bank and then transfer to malaysia.

finally, my Internet alive!!

my URE and C making good run.

LOL > http://www.reuters.com/article/newsOne/idUSTRE58O4SC20090925

Is it better to apply check or wire back?
check is free of charge, but don't know will it come. Anyone try before?

Hmm... there seems to be predictions that this winter will be colder than usual. Just waiting for the natural gas to fall again before going in. Missed it the last time around.

http://www.bloomberg.com/apps/news?pid=206...id=aqv7v1DQW19Q

I'm waiting at 10, then go LONG

First of all before you want to invest in US stock, you must consider the alternatives to trade in different markets/exchanges. Basically, there are two options which are available:

-Direct investment account with foreign broker
-Inter-broker omnibus / custodian account

Direct account basically means that you directly open an account with foreign broker in the foreign country. Example you can open a direct account with a broking firm in US. However, you are basically dealing with the broker in US and most of the time, its self-service. Every trade is done online by your own without the help of any brokers. Take note that you must also ensure that the direct account opened with the foreign broker offer custodian services as well. Otherwise, should there be any corporate exercises such as right issues, you will be going through plenty of trouble because your broker will not handle any of these corporate exercises for you. Instead yourself will have to do it on your own.

The inter-broke services/custodian account on the other hand are more convenient. Inter-broker services basically means that you will open an account with a local broking firm and the trading of shares on foreign market will be done through this local broking firm. basically, you will be dealing with the local broker. All you need to do is just to open a normal local shares trading account. With this account, you are able to trade multiple exchanges/market worldwide. You will not have to worry on the transfer of money part and other issues such as corporate exercises. Most of the time, interbroke services come along with custodian services to manage all your shares and corporate exercises such as dividend, right issues and so on.

If you are interested to know more or to open an account kindly contact me at 016-2677903, steve choo. You could also add me on msn boonhan_choo@hotmail.com. i am actually a dealer. Thanks

This post has been edited by boonhan_choo: Sep 29 2009, 12:41 AM

Thanks Mr. Steve for the sharing. I'm having a DIA with MBTrading. So far, Im quite pleased with their service.

zamans98, you might wanna look into shorting SIRI.

Poll Says Sirius XM Headed For Bankruptcy

Btw, where do you get the form to apply for margin?

MBtrading policy have few exceptions.

- Below USD5 share cannot short
- Companies earmarked as "trouble" also cannot short, even above USD5

Margin? Just chat with the Support, then they give a link to download a PDf form and I filled up then scan over. In less than 3 working days, its MARGIN account.

How about SOGO? Can you Short SIRI?

Side Note: SIRI got less than 60 days to improve the price back to 1.00 or else possible suspension and later delisted.

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Added on September 29, 2009, 12:33 amUIS was a penny stock and now riding high.


This post has been edited by zamans98: Sep 29 2009, 12:33 AM

If you have a chance better open it but choose the account that is easy to maintain. Many people looking after to open an account but no chance. You can use for other purpose as well.
No free transfer unless you are Citigold customer.

Yes that is right but if you have us-bank acc you will have more flexibility for example you want to change broker or you only want to make small monthly withdrawal from your profit.

URE/UYG moving healthy. Nice but I didn;t enter UYG.
Only URE. Waiting to break 6.50 to sell it off via Trailing Stop

I wonder if US' Futures has more fun that CI futures?
Supposingly today's gonna fly high but it stays stastic and fluctuating between 2 points only. I mean, yesterday DJ shoot up high, there should be no reason for CI to stay stastic.

If want to shoot up high, just shoot; else just drop down fast as it can. Moving like a turtle, hard to trade.....

Have you sold off your C yet? I sold off mine last week at 4.72 & manage to buy back at average of around 4.50

Nope, missed the Q, was busy attending Raya Open house until I came back, woot, its already 4.60. Was hoping to see at 430 so that I can re-load again.

Debbie, why don't you move to US market? Forget KLSE

If not premier banking customer there is charges, else is free. Yes 200k for to be a premier banking customer.

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Added on September 29, 2009, 9:56 amI think citibank in Malaysia still dont have this service yet. Few month ago I ask the relationship manager regarding opening a US bank account and she still blur blur and ask me to open US currency account . But they can help you to open account in Singapore thru Malaysia branch. Global transfer between US and Malaysia account work for HSBC and is free.

This post has been edited by fyseng: Sep 29 2009, 09:58 AM

So, yesterday's DJ rose about 1.4%, we expect CI Futures does the same today. But the indeces are just fluctuating between 2 points only, and it's moving like a turtle.

I wonder how does US futures work? The speed? Direction sense?

I mean, if CI wants to fly up high, just fly in a fast speed possible; if to fall down, just fall as it likes, in fast speed. Moving in a turtle speed makes us hard to justify if it's going down or up. If we know CI 100% follows DJ, thing will be easier but CI doesn't go align with US sometimes.

Frustrated.

Yes Citibank Global Transfer still not available in Malaysia. You have citigold acc with them right & also HSBC premier acc?

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Added on September 29, 2009, 10:58 amIt does drop to around 4.36 last Friday but bounce back yesterday.

This post has been edited by GHz: Sep 29 2009, 10:58 AM

Will wait for 15th October, when CitiGroup results announced.

Quote" October 15th earnings...8 am eastern....Conference call: 10:45 am
10/15....877-700-4194...conference code: 28581886....I think we're
gonna hear some good things....maybe not great....but good. A good
start. Phone numbers, dates and times are off Citi's web site. "

C right now trading at 4.62 after hours.

BAC flying high. FAZ positive, so that is safe to assume that DJIA will open GREEN again and stay GREEN all the way.

GE +14c.