Have you success to TT?

anybody using sogo trade broker?


i duno how to TT money to malaysia..

So many newbies struggling with TT to foreign brokerages..
So.. for once and all. please stop using TT altogether if you can't make it work or if your banks just clueless on how to make it work for you.

Just send them a US bank draft via Fedex. It is not expensive and reasonably fast (within 3-4 days),
another 3-4 days for clearance.

Don't wait till last minute to do this if you want to trade immediately.

Again, one more time: Don't use TT anymore.. give it up!

Just traditional Bank Draft and send to them. It works!!!

anyone using zecco? i hv already submitted all the necessary documentation...but until 2day...still hv no news on my trading account?...

Hmm... zecco not sure about this one.
But, very low cost indeed. Noted the SIPC logo there.. should be safe.

Will they offer free trading for foreign investors too?
Tell us how it works out later. esp. in terms of its tools and so forth.

i am abt 2 give up on zecco...any1 can recommend another broker that have the similar feature as zecco?...

zecco.com is rubbish if ure area speed less than 2 mb.
and sogotrade need at least 1mb to log in to trade.
no doubt both are equally cheap
zecco founded by american pension fund.
and sogotrade founded by some taiwanese company in taiwan.

for first time trader or investor;
you guy i advice to avoid such account,
remember anything less than usd 10 pertrade, their account service is suck.
best in town is etrade.com, listed company in nasdaq
next optioexpress own by JPMORGAN, not listed

---

Added on May 13, 2009, 11:24 amanother is ameritrade.com
but their speed also very slow, i am using 1mb, combo package.

This post has been edited by normanTE: May 13 2009, 11:24 AM

4 etrade.com n optioexpress...any minimal deposit 2 open a trading acct?...

sogo trade function really make me scary about US trade...

extremely simple!!

etrade need put deposit $10000 dollar....is it?

etrade need put deposit $10000 dollar....is it?...wow!...i thought of starting off small....but tt figure is not small at all!....how abt optionxpress?...

Pls tell more about how to use US bank draft? How its work? Which bank better?
Thanks.

Nope. I've not done it yet. Maybe I'll do it end of this week (hoping the USD will fall further).

But anyway, I've been on the phone with Maybank and CIMB on how to TT. I've not tried it yet, but here's what I know so far. Use at your own risk.

1) Maybank (refer to my previous post)
- Enter "0" into the "ID/Passport" since the company registration number isn't provided
- Fill up "Fed Wire" with "ABA #". For OptionsXpress, it is "021000021"
- There is NO way to send a note together with this TT.
- Save TT receipt and send it to OptionsXpress email to notify them. Wait for their acknowledgement.



2) CIMB (refer to screen shot below)
- The "Routing No" should be filled with "ABA #" or "000000000" (if none). For OptionsXpress, it is "021000021"
- Enter Swift Code (CHASUS33) under "Beneficiary Bank Name".
- According to CIMB, we can send a message through their "Message Center" -> "Compose Messages". Under "Enquiry Categoty", select "Remittance".
- Save TT receipt and send it to OptionsXpress email to notify them. Wait for their acknowledgement.



This post has been edited by jex-koi: May 14 2009, 02:16 PM

What you mentioned/advise above make sense. The cost to sent bank draft would be about the same if we were to TT. Fedex collects documents from my house and the fees is about RM75-RM80 depending on currency exchage rate on that day.

You're kidding right? Dunno bank draft? That's the same thing as a bank issued cheque.
Just go to any of your bank and tell them you wanted to purchase a bank draft to be paid in US Dollars
to another bank in US. That's it.

Then, you mail it to them (using traditional method) either EMS, Pos or Fedex (fastest).
It may take a bit longer to clear but since the process for TTL so frustating for some newbies and some local banks have no concept of foreign recipient therefore this traditional paper method is actually safer, no misunderstanding and you can include your copy of the paperwork forms and just send directly to your US broker. Your US broker can deposit it themselves. Within 3-5 business days, after they've received your paperwork, your account will be cleared for trading.

---

Added on May 13, 2009, 9:38 pmYou can start off with $10K first.. and slowly withdraw out if you need the money elsewhere.
I have both E-Trade and Ameritrade and I have less than US$10K in my E-Trade account now.
No issue there so far.. but Etrade can change their rules anytime and may charge you maintenance fees if balance below the requirement. Ameritrade charges $10 per trade, E-trade charges $13 per trade... a bit more expensive that I am willing to pay now after the free trades offer is gone, I might close it later and transfer all my securities to Ameritrade. Ameritrade also have great tools.

Also, I'm checking out ScottTrade.. $7 per trade... looks good and it is well know in esp. among US traders.
Not sure yet if there's any hidden fees yet. So nice about US brokerages... so many competitions.. driving down
cost too.

This post has been edited by danmooncake: May 13 2009, 09:47 PM

anybody CTIC kaki?

he let me worry....................


haizzz

I've just TT'ed money using MBB, and it works. I just e-mailed optionsXpress the receipt of my transfer, and they acknowledged that they have received it.

The only thing is that there seems to be a "charge" or some sort like that. OptionsXpress received USD21 less than what I deposited. Anyone knows how much JPMorgan charges for these kinda TT?

Hi to all OptionsXpress trader,

just one simple question, do you have to download certain software to trade? I will be doing trading on my office computer and it wont allow me to install any software.(i am following US working hours). Thank you

hi all,

well, etrade, dont have minimum ; if ure account less than ten k, then they will charge 40 usd every quater.
personally i prefer optioexpress than ameritrade.com
i have all those account etrade.zecco.sogotrade,ameritrade,optioexpress,osk188hk,
i think ameritrade is still lagging during peak hours. sogotrade; jangan harap.
etrade is the best in town, if u have deep pocket.
they use to offer debit card to all account user. i think they have withdrawal them, same with ameritrade.

---

Added on May 15, 2009, 7:14 ampersonally i am doing online wire to my aboard account, take less than 24hours from uob/hsbc hongkong to us depository account.


This post has been edited by normanTE: May 15 2009, 07:14 AM

No need to install anything as it is using web-based for trading. (normal trading)
But if you want to view FlexChart or trade using Xtend(some sort of desktop trading), it need to install java application.

Personally to me doing tt things are rather easy. Wonder why how complicated it is? Just easy as 1,2,3
I fill in the RHB TT online form at morning 7am,
and the money will be deposit into my US bank at same day maybe around 10-12pm EST time