So..is there any way I can get a platform to make my own trades without having to ask a broker to do this for the ASX only? I have even tried cashing out, I got the fund credited to my bank account within 2 days. 4 Steps to Investing in the Hong Kong Stock Market. or 0.80%, whichever is greater, Either SGD 40 min. As far as I know, capital gain made in the US market is taxed if you are a US resident, and being taxed by US government. Especially on stock product KOSDAQ. I don’t have any course on technical trading. Shared by Nicholas Oh: for those who want to get a primer on opening international brokers, someone wrote about it here https://choivocapital.com/2020/05/03/nuts-and-bolts-of-investing-overseas-opening-a-foreign-brokerage-account-interactive-brokers/?fbclid=IwAR2HvqLl42y–p5uBx7kRF6If7Kdx2ws1773lKFH1z2ijZBsN7qcDRkSZmQ, Thanks, KC. Here is where to open CIMB Singapore Fast Saver account online: https://www.cimbbank.com.sg/en/personal/forms/accounts/cimb-fastsaver.html#! Tq and appreciation your reply. I get a better rate from Transferwise and am able to avoid the USD15 bank wire fee that IB charges if I transfer from CIMB as Transferwise uses ACH. I tried funding into interactive broker and TDameritrade but was rejected by both Public Bank and OCBC on the 4th June 2020.. Then IRB Malaysia might require you to file all your profit as business profit, and subject to income taxes. Dedicated team to assist you on your trading needs if you opt to trade offline for all markets. Anyone here or KC successfully TT fund to interactivebroker from Malaysia? To Singapore CIMB account, or directly to Malaysia, or other ways…? Charges waived for clients who perform more than 3 trades in a month. Hi,Mr.Lau Can we trade us stocks like option trading through “Interactive Broker”? Investing in foreign listed stocks can be beneficial for many reasons. Capital gain and dividend income is non-taxable by Malaysian government. When a stock keeps making new highs … We will never share your information. Do the research and invest safely based on value investing method. Fxunited is a scam broker. I am planning to open a HK broking account. Eligibility & Requirements Singaporeans, Singapore PR, Work Permit or Employment Passholders Minimum age 16 years and above Individual or Joint Application. But that may change also. One great idea is diversification: whether it’s diversification of assets or currency. It is best to consult a local tax accountant. Can you recommend me a bank that allows me to fund in directly either via online or over the counter? CFD Trading is now very popular in Singapore, with IG Trader and CMC Markets and City Index which are trusted and reputable. This accounts for 40% of its total market capitalization. I tried explaining that i wanted to trade stock but they say i can’t wire out to fund this 2 brokerage firm. Hi Keith, sorry I don’t know any broker there. Yet analysts tracked by Bloomberg see casino stocks as solid … Do I need to pay any tax to us government for any trading profit ? Not sure what would happen if the amount reaches tens of thousands of ringgit. Any other option? ), How to Avoid 70% Financing Rule on the Third Residential Property Purchase, Top List of Personal Finance Books for Malaysians [written by Malaysian Authors], Either US$ 20 min. Foreign share trading through Malaysian brokers: do these brokers give competitive exchange rates when setting purchases/sales in foreign currencies vis-a-vis MYR? For method 1, open a trading account, you mean like “Fidelity investment”? Also, can a Malaysian shortsell foreign shares, because for BURSA, it is supposed under RSS. Asked me to contact BNM directly to get approval. a question here, I heard my friend said it is hard to transfer money to oversea platforms such as IB and another platform because these platform involved in forex trading, and some of this are listed in BANK NASIONAL MALAYSIA that we couldn’t transfer money to their bank. Board lot sizes for Hong Kong exchanges The required board lot size for Hong Kong … Can please advise or share your thoughts? Other CFD Traders which I found out to be SCAM and not trusted such as XTrade, Plus500 and AVATrade. This is the best time to buy Hong Kong stocks. But some countries will withhold part of your dividend income as taxes (e.g. Malaysia government also don’t tax on capital gain or dividend. If you are Malaysian making capital gain from US share market, there is no tax since Malaysia government don’t tax capital gain. I just tried doing a TT over the counter at HSBC today. Do u have any opened talk bout basic stock invest in somewhere at selangor state? Could you please advice how could one in Malaysia trade on line for stocks in India. My situation is different since I have US bank accounts. Can get 0.25% Anyone have better deal, pls help. 2. when we sell to cash out and TT money back home, will we be subject to withholding tax? many thanks kavin thayalan. >, Reservation of Intellectual Property Rights. Yes, the Malaysia Stock … US). Their unbeatable fees and various other facilities, like 3rd party research, makes it highly trusted and efficient! Look up etrade.com or Fidelity. Having same question as yours if Malaysians can short US shares ? The location of your assets will be considered local, … Another alternative – open a bank account overseas that allow you to do transfer. I have not tried KC’s method.   Like the S&P 500 in the United States, the index is designed to mimic the overall performance of the stock … Financial.org is an educational platform. How to Start Investing if I Don’t Know Much about Investing? Fees schedule might not be the latest – it is subjected to change. US only withhold tax for dividend payout from your US stocks. Just got a call today from a Public Bank banker who told me E*TRADE Securities LLC is on a black list as of 2019, the problem is all the stock options and ESPP shares from the company I work at are done via E*TRADE. or 0.40%, whichever is greater, Either US$ 50 min. I am not sure of all this. The best platform is still LCG London Capital Group, but then LCG is being delisted from AIM and taken private. I would like to sell and let go all my shares. They asked for multiple reports to show it’s stock trade and not forex. Hi, KC. Convenient Financial Education for Malaysians, How to Trade Foreign Stocks from Malaysia, https://www.cimbbank.com.sg/en/personal/forms/accounts/cimb-fastsaver.html#, https://choivocapital.com/2020/05/03/nuts-and-bolts-of-investing-overseas-opening-a-foreign-brokerage-account-interactive-brokers/?fbclid=IwAR2HvqLl42y–p5uBx7kRF6If7Kdx2ws1773lKFH1z2ijZBsN7qcDRkSZmQ. Do you recommend any platform to buy stock at nasdeq, Hi KC Lau, do I need to do any filling tax for us government if I do trading in US stock market ? phone-in, no online trading). No matter which brokerage firm or method you use, it is vital to invest safely in good companies. For FX trading in Forex, a reputable one should be FXTM. details for productdetail page promotion, HL eBroking Absolutely free if you are a Malaysians, or living in Malaysia. However, IB holds the funds for about 5 working days after receiving it before they release it into my account. Hong Kong is … Hi Mr Lau, U are saying dat, Public Bank provides the best solutions? And what are my options for cashing out my stocks back into Malaysia. Offline trading for UK, Thailand and Shanghai (Shanghai- Hong Kong Stock Connect) markets. Can you confirm if they do provide LSE ETFs? Do the Bank Negara Malaysia or the bank let us do that to send money oversea? I think a lot of FX trading platform is profiting from this in order to get their members to refer and close more sales. For detailed information, please click here. Honestly don’t know. I’ve heard non US citizens like Australian people using Interactive Broker unable to short US stocks. thanks, your articles are very helpful, keep the sharing alive! The stock moves are already boosting Aliababa’s trading in Hong Kong. Capital gain on US stocks is required to file tax for US residence. They DO NOT deal with securities and receive any financial benefits from Financial Products & Service Providers. Hi…I got us share in rhb invest….recently was giving dividend…but there was dividend handling fee amount of 2.61usd instead of net dividend amount 4.64…may I know how to calculate the fee? For instance, my friends from Intel Penang use Ameritrade. check out https://BursaMethod.com I highly recommend this course, trained by Peter Lim. the interest is steep often more than 10% pa but of course also depends on the stock. how to invest in KOSDAQ stocks? Warren Buffett has made Apple the largest holding in the Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) portfolio for a reason.AAPL stock … Why Should You Listen When Your Mother Sets You With A Financial Goal? or 0.42% for RM100,000 min. Many trading platforms in US offer 0% commission. Check out my course Bursa Method and Invest Foreign Share. or 0.75%, whichever is greater, AUD 60 min. In order to open an account, you probably can apply EIN from IRS.gov. Currently I have CIMB itrade account and I use to trade for Malaysia stock only. I have the opposite problem, I would like to trade Malaysian stocks but I do not know what would be a good online brokerage to do so. Does the Malaysia Stock Exchange close for Lunch? From the above, I noticed that you’ve included RHB Invest and SJENIE as having the London Stock Exchange. Hi, KC. anyone tried tiger securities for US stock trading? This provides convenience, especially when taking money out to fund your retirement, or transferring your wealth to your children. Can You be a Good Stock Investor and Trader at the Same Time? Available on subscription basis. I don’t know the banks’ policy now as it keeps changing. I think you should be able to check with the bankers providing this service. In contrast, I used to purchase stocks with Wells Fargo Trade because I have an account there when I stayed in the US between 2011-2012. Hong Kong / Hong Kong pre-IPO: 0.25% 0.18% 2: HKD100: 0.30%: HKD150: Stamp Duty (0.1%) CCASS Fee (0.002%, min HKD2, max HKD100) Transaction Levy (0.0027%) Trading Fee (0.005%) Shanghai A/ … Thank you for sharing. Their unbeatable fees and various other facilities, like 3rd party research, makes it highly trusted and efficient! ANY MONEY WITHDRAWN FROM AN INSURED DEPOSIT FOR THE PURPOSE OF PURCHASING ANY INVESTMENT PRODUCTS IS NO LONGER PROTECTED BY PIDM. or 0.70%, whichever is greater, Either SGD 25 min. or 0.80%, whichever is greater, Either US$ 35 min. I am not sure if we can short-sell foreign stocks with a local account. Top gainers often continue to soar and reach new highs when their fundamentals are strong. No meant for copy trading, more to personal/own trading- For long term investment & for non active trader. Could u please comment on financial.org? Using a local brokerage, you will often have to foot similar fees to buying … Planning to invest more, but I am not comfortable putting too much money with them. But that was just a small amount, around RM1.5k… I was just testing the water. 3. when we TT money back to malaysia, will we be subject to any taxation locally? Hi All, Good day. In other words, if the first quarterly dividend was 5 cents and the current stock price was 10 per share, the forward dividend yield would be (.05*4)/10= 2%. Other than cost concern, I’m also more concerning on whether BNM will kacau anything…, When did u register for Ameritrade? Hi Sadruddin, I don’t use it so have no experience to give comment. The Screener - An international independent equity rating and evaluation company who rates stocks based on fundamental, technical and projection criteria. When is the Malaysia Stock Exchange open for trading? I submitted my application last June…, still not approved, last communication was my salary slip is outdated and they requested me to furnish latest. I pay the USD 15 bank charge on the other side. I don’t have account in Australia I don’t want to buy the expensive blue chip companies I only like up and coming companies and many of these are not covered by brokers. or 0.40%, whichever is greater, Either SGD 28 min. Want to know more info? Offline Trading through your Trading Representitive: 18 other global markets . Hi KC, I am ex-intellier holding their stock option and wanted to sell off. . Yes you can trade options there too 3. Then, within the next working day, PBB release the funds. To trade in US market, will you suggest to open an USD account in Malaysia first, for all the wire transfer and withdrawal. Check with your accountant to verify. Alibaba going public on the Hong Kong market allows Mainland China investors, through the Hong Kong Stock Connect schemes, to access one of the most powerful e-commerce companies … My SIL sold her USA stocks recently in May 2020, PBB held the funds (about USD 10K) for about 1 month. Do you have online/overseas transaction fees/brokerage commission for NASDAQ? To place an order to buy a Canadian security offered at $0.75 per share, your order quantity would need to be a multiple of 500 (the board lot size); e.g., 500 shares, 1,000 shares, 1,500 shares, and so on. This is by no means an exhaustive list, but only an example of the diversity and their rates and services. View the market capitalization, number of listed companies and more in the Hong Kong, Shanghai and Shenzhen markets Eligible Securities A list of securities eligible for trading under Shanghai and Shenzhen Stock … 44 Money Tips for you to make more money, save more effectively, invest profitably and retire early! But the dividend will have withholding tax. It’s true, with Public Bank, for Ameritrade and IB, you will have difficulty getting the transfer back. Example, CFD have a Leverage effect, say you buy a US Stock at USD150, using CFD Leverage you only pay USD15 to buy a share. Is this observation close to reality? Dividend reinvestment total 29.61 (local),  31.73 (overseas), Clearance fee 0.04% (Singapore) with contract stamp of max. how can i purchase stocks from china or hong kong ? I was wondering if you have any insight about what this blacklist is about and is it a temporary ban? Find out about the brokerage fees and whether the account gives you … Hi KC, suppose i open a local malaysia account denominated in USD, i should be able to wire in USD from my account to ,say, ETrade directly without conversion charges, correct? Automatic Premium Loan (how does it affect your policy? You can try different banks especially the oversea banks operating here. Can we as a Malaysian invest or trade using the Robinhood app to buy US stocks? Using CFD you can Go Long or Sell Short. Good timing I guess, TSLA is now 2K++. any recommended brokerfirm/website? Quick Guide on How to Buy International Shares from Australia. What’s the best way to withdraw it? if we trading ofline, ie through phone, are the fee still same, 0.15% ? can malaysian trade future using foreign brokerage? Your articles is awesome & I forwarded to others friends too. Is there discrepancies between US citizens and non US citizens using Interactive Broker ? Some banks will ask you to show some documents – that you have a trading account with Interactive broker and initiated the transfer 2. Hi Nik, 1. Hello Azrif, May i ask how you fund using transferwise ach ? The benefit of this is obviously to spread out investment risks. or 0.50%, whichever is greater, Either US$ 30 min. I’m currently residing in Malaysia. Isnt there a BNM rule that states that Malaysians can only trade securities with a locally regulated brokerage firm? 1. if i need to go through a broker, may you suggest one? But dividend declared and distributed by US stocks will be subjected to withholding tax. or 0.42%, whichever is greater, AUD 50 min. The Hong Kong stock is 20% above November’s offering price. And should you sell these shares in the future, a … So you won’t get 100% of the dividend income. You need to fill up US declaration form that you are not US citizens. All the information you need before you open a share trading account. Your info for Alliance IB is not really accurate as you had left out pertinent details. and how long did it take to get approved? Which broker does offer those services for malaysia? I have a question regarding ASX. Types of investment products. what are the tax implications for an investor to invest in US stocks from Malaysia? Trading on the Hong Kong Stock Exchange . Investors can buy Alibaba’s ADSs for US$200.82 (HK$1,572) each based on the November 27 closing price in New York, and convert the ADSs into Alibaba’s Hong Kong shares, where each ADS … Do one have to open 2 separate accounts for stock trading and another for futures trading on foreign shares ? HLeBroking allows you to freely manage your foreign stock portfolio with a single account. You need separate accounts to trade derivatives, or foreign shares, or local stock. There are thousands of Major Corporations overseas, such as South Korea for electronics, Brazil for steel, Australia for mining and USA for technology. just reading your article and i have a question, if we using us broker(exp ameritrade) it will be charge 30% tax for each dividend distribution ,and how to we claim back the interest? 100% Privacy Guaranteed. Also which way is more cost efficient to trade foreign markets? The exchange ranks as the third-largest in Asia by market capitalization and … Recently, I came across a forex trading acct where the foreign broker shares a portion of it’s brokerage fees with it’s cstmrs., as a result they are able to use a more conservative trading position, as they need not have to rely on big spread in pips profits, but rather than the share of the brokers commission. The most common countries include Malaysia, Hong Kong and the US. Want to know more info? I guess will just have to depend on other brokers. But you can check out my online courses. I have an account with eToro. This happens with both CIMB and Transferwise. Specifically how do they compare with bank forex rates? It is best you verify with the service providers. Alternately, start buying … Hi KC Lau, Thanks for your sharing. Hi, can so you have any comment/ opinion on using Etoro platform to buy US stock? or 0.25%, whichever is greater, Either US$ 29 min. Although investing in foreign stocks can take you out of your comfort zone, it isn’t necessarily a bad thing. Since the British handoff in 1997, Hong Kong and mainland China have operated under the principle of one country, two systems. Hi KC, would like to know if tax is applied to capital gains from US market investment, does malaysia inland revenue board impose any of this? or $0.05%/share, whichever is greater, Either SGD 50 min. On the other hand, If I remit the fund from the sale of these stocks back to Malaysia (to a Malaysian bank account) would I be liable to pay tax to Malaysia tax authority? Hey kc, does you know the pattern day trading rule apply for Malaysians? Some big corporations and brands have given investors incredible rates of return! 9.90USD per transaction. The Malaysia Stock Exchange is open Monday through Friday from 9:00am to 12:30pm and 2:30pm to 4:45pm Malaysia Time (GMT+08:00). So far haven’t cash out yet so i’m not sure how troublesome. About the PR status, I don’t know anything about it. Hi KC – just to clarify, if I am residing in Malaysia (Malaysia citizen, tax resident in Malaysia, having no U.S. residency etc) but have local bank (HSBC) and brokerage (TD Ameritrade) account in the U.S., I invested in US stock listed on NASDAQ and made a profit when I sell my stock on NASDAQ and kept my sales proceeds in my U.S. bank account – will I be taxed by the U.S. tax authority on these profit? ©2006-2020 KCLau.com All Rights Reserved. Pls check with your stock broking firm. somehow the Intel support are not straightforward therefore I am asking if you have the knowledge of how I can sell my stocks in Malaysia. I think it should be the Bank Negara, not Bursa Malaysia. THE CUSTOMER IS REMINDED THAT THIS PRODUCT IS NOT PROTECTED BY PERBADANAN INSURANS DEPOSIT MALAYSIA… Online and Mobile Trading: Singapore, United States, Hong Kong, Thailand, Malaysia and Shanghai "A" shares, United Kingdom. I am a Malaysian living in Hong Kong. Do Malaysians who invest in Canadian stocks get to be a permanent resident there? I am not an expert in this and you will have better info if you ask directly from the service provider. RM200.00. In addition to the fees stated in your list, one need to add Alliance off-line/phone-in fees. To trade specifically in HK, the local Malaysia Public Bank provide a good solution, since they have branches in HK too. In Hong Kong, Sands China fell 2.1 per cent to HK$35.05 and Galaxy Entertainment dropping nearly 1 per cent to HK$51.10. I have done that, that was a month ago… and now they are silent again…. Newbie always fall for lucrative offer and then blame the whole industry when they are fucked. However, i do hear of ppl that successfully funded in via public bank and OCBC as recent as last month over the counter. Don’t speculate. Currently, I live in Malaysia and I trade US stocks. I really appreciate it. I think dividend handling fee is charged by your broker. There are many CFD Broking Apps available, such as ThinkorSwim, IG Trade and Interactive Brokers. Thanks for the article. They refuse to transfer to Interactive broker due to not being approved by BNM. I have used my CIMB bank account and also Transferwise to transfer funds to my IB account. They claim that their bank has blacklist both broker as they deals with forex (which most major brokerage firm inn US does). Source: Shutterstock. Anybody experienced this b4? 3. Most of the times, they need you to show the document proof of your overseas account. Been following you for a while. because I have an account there when I stayed in the US between 2011-2012. I heard that you can buy and sell stock in that website but I am doubting is that kind of website really giving you real equity or is it just a platform simulating synthetic purchase and did not go through the stock market? Another apparent reason could be to keep your money ‘offshore’. Just wondering if you know of any broker in HK? As Asia's second largest stock exchange in terms of market capitalization in 2012, HKEx aims to be the global exchange of choice for international clients seeking China exposure. * Market Capitalization … From reading the comments, I get the impression that it’s not easy for Malaysians to trade the HK market. Boss, do u hv class of trading foreign stock by using interactive brokers or others platform?? And even if it is real equity trading, is it allowed in Malaysia?And also I am wondering is Bursa Malaysia involved when it comes to foreign stock trading with the local banks/brokerage you mentioned? Brokers need your name on the transfer. Just learn that TD Ameritrade no longer doing business with Malaysia. Dealing in a plethora of different currencies will help you cancel out global currency fluctuations. do you have any other ways to do that ? If i wanted to fund in say USD 20k then i will have to do it online for 9 times daily which is a hassle and also lose out on conversion rate and also the bank charges. So I have applied for Ameritrade but it has been several months and Ameritrade account opening is very slow… probably because my income is low. No problem to short but not naked short. Other than Public bank. The Hong Kong Stock Exchange (HKEx) has been a major center for equities trading in Asia since the mid-1800s. In contrast, I used to purchase stocks with. According to Interactive Broker we have to wire transfer the initial money deposit. 15-minute delayed price feed is available to all clients for FREE. 5 5G Stocks to Buy That Will Stream Higher Profits for Investors. The location of your assets will be considered local, although technically your money is invested overseas. Check out my course, Urgent Decisions To Make To Survive 2016 Financial Challenges. Until the point my SIL wanted to file complaint with BNM. Find out how to buy shares from US, UK, Hong Kong, China, Japan, Singapore, Korea, Malaysia, Indonesia & more. There are lots of stockbrokers out there. Do you do the transfer to interactive broker via online or over the counter because i heard that online is limited to RM10k per transaction per day. LSE (London): 0.70% on initial GBP 100,000, 0.50% of >GBP 100,00, 0.40% or GBP 35 min. Hi KC, thank you very much for sharing your knowledge, I have one question, is trading with non local bank but with website like etoro the same? Wondering if you still able to keep the US stock trading account like TD Ameritrade, Etrade? Choice to retain your sale proceeds in Ringgit or the respective foreign currencies to reduce risk exposure. Fresh Graduates’ Guide to Buying Life Insurance. or 0.42% for