Hey Ziet, I have a question about the fund's withdrawal part. I thought that Malaysia doesn't currently charge for capital gains tax? Why should I worry when a large sum of money is withdraw back to my bank account?
@@Tom__0824 Hi, technically you are right, Malaysia doesn't charge for capital gains tax, but that does not stop the tax department from knocking your door and auditing your income source - no one can guarantee the outcome. Hence why it is always best to be aware and educated on this, plus, have "alternative" route to avoid being in a position where the huge some of money is remitted + you're sitting in the same room as the authority :x (Please double check this with an accountant/financial advisor and they will have the best advice for managing your wealth transfers!)
Great sharing, thanks Ziet! Wanted to ask since Malaysia don't have capital gain tax. Do we still require to declare foreign stock investment during tax submission?
Hi Wei Keong, very good question. My friend have asked LHDN this via call, and the officer said yes need to declare under "Dan lain-lain" section below your income. But frankly if you ask me, that's capital gains tax right? Doesn't really make sense to me - so best if you can get an accountant to confirm this!
Nice one Ziet!! And happy Chinese new year, hopefully ur channel grow bigger and stay humble and honest, ur channel really brings a lot of good content compared with the rest.
As IBKR is the ONLY US broker providing Ireland-domiciled ETFs to non-US residents/citizens what could it do if IB went bust or insolvent and consequently would have NO another broker to transfer the assets to?
Unfortunately that also means if you need to transfer to another broker, if they dont accept these stocks, you would have to liquidate those positions and transfer in cash terms instead
For Malaysians - IBKR advice to hire a lawyer and approach their customer support to setup a will for inheritance transfer. This is because their platform don't natively support inheritance transfer for non-US clients. (Correct me if im wrong!)
Good day, Zeits. What if I let my close relative have AC password access and he transfer through WISE all my $ to his WISE AC after I died. Can it work that way or should I have a joint AC in IBKR.
there's a Dividend Election option in settings which is "receive cash" by default. The other option is "reinvest" . Doest this setting matter if i only buy accumulating etf-s anyway?
Awesome stuff Ziet! I currently started my investing journey with 50% in VUAA and another 50% spread across Microsoft, alphabet and Apple. I’m not sure if I should diversify out of this to stock pick outside S&P 500 such as even other countries and non tech sectors, swap to VWRA or just stick to VUAA and chill all the way. I want to have 50% of my savings in ASB and 50% in the USD stock market as I believe I have a low to medium risk appetite. Any advice on this?
2 questions here..1. Being a malaysian, despite changing the trading permissions and what not, we cant seems to buy bitcoin. any way to maneuver around this? 2. knowingly that anything above 60k usd in IB, we will be slapped 40% inheritance tax (or tiered), besides giving it annually it as gift, what can we do in case we suddenly gone and can official will writing mitigate this? thanks
Hi Leonard, thank you for the great questions! 1. I feel you, and yeah, at the moment IBKR (and many other brokers) does not allow Malaysian clients to buy BTC, probably due to the stringent financial regulations. Will keep you all updated as soon as it's available! 2. Yes there will be inheritance tax, but its up to 40%, not 40% flat ya. Unfortunately there's not way to avoid it if you invest in the US market, but it can be mitigated partially through investments via Ireland domiciled ETFs - as there are no inheritance tax on irish-domiciled assets for us! Can check out this video to learn more: ruclips.net/video/VIM1fczQdAE/видео.htmlsi=TYBgpnynbd6ygCOB
Hi there everyone, just one quick question. I have opened a IBKR account. How much is the minimum transfer to begin paper trading. IBKR is asking for funds before I trade. Thank yoy
It's a matter of perception. Investors in China knows the truth of Alibaba's performance, those gweilos in the US of A only know propaganda fed to their brain dead heads.
Thanks for making wonderful content as always....Recently i am not able to get authentication code to log in into IBKR account using laptop. Pls advice on this .....thanks
Hi Ziet, I have USD currency in a foreign bank account (non-US), is there any better way other than wise? I did check on WISE if I were to add money into wise by "SWIFT" there is a SWIFT fee incurred? Not to mention there may be additional fees from the bank itself?
Iv got this message when i try to trade " Your order was not accepted because the Master/Compliance user has restricted you from trading: account is closing only " You know whats wrong ?
Following Brexit my IBKR account was moved from the UK to Ireland. This has the disadvantage that now the limit for protection for cash in case of IBKR'S bankruptcy is only €20000, not €100000 as before.
Hey there! To trade North American futures effectively, you'll want to get your hands on live futures data for the contracts you're interested in, like the E-mini S&P 500 or NASDAQ futures. Can try checking with IBKR customer support ya, hope this helps!
Is there way in ibkr mobile app where I can see top "strong buy" stocks rated by analyst(can see in fundamentals tab) and sort them in ascending order based on market cap?
Bro I created a account in IBKR. Yesterday I done my first purchase. I was not allowed to buy pink stock. It says I need to get trading permission by selecting “US”penny stock” option but that option was not appeared in my trading permission in stock colum. What am I supposed to do. Kindly help me….
A yo! Go to your trading permissions to update your trading experience, like the guy said… you may have to make it so that you have plenty of trading experience, more financial income, etc…
Yes, and also be weary of the zero DTE policy at IBKR some of their zero DTE if it’s on a week that has a holiday or if it’s close to the monthly expiration date does not settle on the same day which causes me to lose money because didn’t settle in the next morning and I had a long argument with the support person at IBKR That this is not fair and this is not how it’s supposed to be played or at least you should have a warning that when somebody place something like this that is not gonna settle same day because the strategy was contingent on the sentiment. What the hell is that? Can you guys make a note that I know that freaking interactive broker does not respect 0DTE all the time and you could come see you a lot of money.
Kindly if you can shed some light on good faith violation and it’s application through IBKR. For instance if I open a position on Monday and close it on the same day that is Monday, when can I open my next position while trading through IBKR.
I just started with IBKR. Transferred USD from UAE bank. They have charged additionally USD 25 for RMA TT CORR charges. What is this charge? Is it one off?
The USD 25 charge could be a fee related to international wire transfers or a compliance check. It might be a one-time fee, but it's best to confirm with your bank or IBKR.
Wanna ask ur opinion, if invest via malaysia broker like rakuten, when we withdraw large amount of money, will it be less likely to trigger the LHDN? And if i die, family member will easier gt the inheritence? Should this be consider point when choosing to use local broker or international broker? I already invest via IBKR for 2 years
Heirs may have to pay American estate taxes if their US‐domiciled holdings exceed $60,000. It doesn't matter whether or not such products are purchased from a non‐US brokerage. How to overcome this?
Hi Ziet, can I ask you a question. If I open IBKR account with my passport number. After 10 years my passport expire, do I need to re-open new account or still keep this account and update new passport number ?? Can you help me...
Hi Ziet!! Awesome video. But need to ask question. Let say you remit $$ from IBKR to Msia account and got triggered by BNM. What type of proof do we need to provide to justify?
You might have sent it through foreign telegraphic transfer, the USD 30 is charged by your bank, thats why its not encouraged to do that :x Try this method instead, its much cheaper: ruclips.net/video/8YeDT2ol1K0/видео.htmlsi=mOc6m9vuIHNAXL6c
Man I hate IBKR so much. It's pain in the ass when registering a single account. First register failed and they won't give any reason, second attempt need some trading certificate or something and I can't proceed with that because I don't have it
Hey Ziet, Great video there. BTW, let's say somehow I managed to made from 10k to 1m MYR in the broker. Since this money is clean, is it possible I can withdraw one lump sum? Will I still get taxed even i can show evidence of my money where it came from ?
Hi, as mentioned in the video, i can’t guarantee how the malaysian authority will react when you bring in that huge sum of money into the country, cross corder. Technically capital gains are not taxable, but as part of anti money laundering exercise they’re gonna have to audit and investigate the source of your income - i.e going through your statement etc. Do check with a financial advisor for the most accurate advice ya😄
Great sharing ! Can you comment on investors of foreign nationality residing in Malaysia - can they maintain IB account to trade US stocks from Malaysia, and if yes, which IB to register (SG or US), are there's restrictions to these class of investors in this case?
Hi, yeah at the moment IBKR does not allow Malaysian clients to buy BTC, probably due to the stringent financial regulations :x we can only wait and see - i will keep you all updated if BTC ETF is available for us!
Do not spread your withdrawal within a short time period. This is structuring, you will still get triggered. If you are not doing anything shady then just withdraw all of it lump sum and be ready for your Bank to call you and provide all the necessary documentation to proof the source of fund. Or if you need X amount on a certain periodical basis then monthly is the best bet. It will still trigger but as long as not too large then they may potentially let it go if your profile is matching the amount you are transacting. #Not a money laundering advice
What's the problem even if your withdrawals trigger the authorities? If your trading is legit, if the broker is legit, then just pay the relevant taxes on income and there's no problem. Right? Granted that IB like many other foreign brokers are on the Malaysian security commision alert list, by virtue of it being an offshore brokerage, without licence and not regulated by Malaysian laws, it is just a precaution notice and is not illegal. That's my take on the matter
Happy to have you around. You're awesome!!!
Likewise!! Thank you Nick!🥰
Do you have any other questions on IBKR? Share with us down below and maybe someone knows the solution to it!⬇️
Hey Ziet, I have a question about the fund's withdrawal part. I thought that Malaysia doesn't currently charge for capital gains tax? Why should I worry when a large sum of money is withdraw back to my bank account?
Malaysia stamp duty charged extra?
@@Tom__0824 Hi, technically you are right, Malaysia doesn't charge for capital gains tax, but that does not stop the tax department from knocking your door and auditing your income source - no one can guarantee the outcome. Hence why it is always best to be aware and educated on this, plus, have "alternative" route to avoid being in a position where the huge some of money is remitted + you're sitting in the same room as the authority :x (Please double check this with an accountant/financial advisor and they will have the best advice for managing your wealth transfers!)
@@vsuren i dont think so!
Thanks for your comment!@@ZietInvests
Thanks for this. Really helpful questions and answered alot of my doubts. Keep it coming and good job!🎉
So happy to know that!! Can't wait to see you on our future videos!
Good day, Ziets. Happy Lunar New Year. Thanks for your info.
Happy Chinese New Year to you and your family❤
Great sharing, thanks Ziet!
Wanted to ask since Malaysia don't have capital gain tax. Do we still require to declare foreign stock investment during tax submission?
Hi Wei Keong, very good question. My friend have asked LHDN this via call, and the officer said yes need to declare under "Dan lain-lain" section below your income. But frankly if you ask me, that's capital gains tax right? Doesn't really make sense to me - so best if you can get an accountant to confirm this!
Got it, thanks Ziet!
What about the dividen from stock where it will go and how to trigger reinvest option ? Thanks
Dude! New to your channel. Watched a few of your videos and you are pretty awesome!
Thank you so much for the kind words!! Can’t wait to show you more of what we’ve got😍😍
Nice one Ziet!! And happy Chinese new year, hopefully ur channel grow bigger and stay humble and honest, ur channel really brings a lot of good content compared with the rest.
I have an IBKR account. I love the fact that I have plenty of options in this brokerage, and yes, they ARE strict! Happy investing!
As IBKR is the ONLY US broker providing Ireland-domiciled ETFs to non-US residents/citizens what could it do if IB went bust or insolvent and consequently would have NO another broker to transfer the assets to?
Unfortunately that also means if you need to transfer to another broker, if they dont accept these stocks, you would have to liquidate those positions and transfer in cash terms instead
Thanks for reply
I would like to know about account inheritance. If anything happens to me (pass away), what will happen to my stock?
For Malaysians - IBKR advice to hire a lawyer and approach their customer support to setup a will for inheritance transfer. This is because their platform don't natively support inheritance transfer for non-US clients. (Correct me if im wrong!)
Good day, Zeits. What if I let my close relative have AC password access and he transfer through WISE all my $ to his WISE AC after I died. Can it work that way or should I have a joint AC in IBKR.
for the accumulating etf VUAA, is there any withholding tax?
Love your videos. Ziet, what do you think about IBKR Stock Yield Enhancement Program (SYEP)?
1:30. If I'm not the owner of my stocks, how am i going to get dividents?
Can I check, which broker will u recommended for malaysian who wish to trade U.S and HK?
there's a Dividend Election option in settings which is "receive cash" by default. The other option is "reinvest" . Doest this setting matter if i only buy accumulating etf-s anyway?
Bro thank you so much for this. It’s frustrating I cannot buy options or complex etf. It’s always good to have options open.
Brilliant video, would be great if you can start doing it on a regular basis (once a month or so...) thanks Ziet.
I'm so glad you liked it!! Keep the questions coming if you have any so that I can feature more varieties of problems to help more people😊 Thank you!!
Awesome stuff Ziet! I currently started my investing journey with 50% in VUAA and another 50% spread across Microsoft, alphabet and Apple. I’m not sure if I should diversify out of this to stock pick outside S&P 500 such as even other countries and non tech sectors, swap to VWRA or just stick to VUAA and chill all the way. I want to have 50% of my savings in ASB and 50% in the USD stock market as I believe I have a low to medium risk appetite. Any advice on this?
For VUAA, check out SPXS.L or SPYL, cheaper
Is it true that ibkr pays 5% interest on un invested funds in our account?
2 questions here..1. Being a malaysian, despite changing the trading permissions and what not, we cant seems to buy bitcoin. any way to maneuver around this? 2. knowingly that anything above 60k usd in IB, we will be slapped 40% inheritance tax (or tiered), besides giving it annually it as gift, what can we do in case we suddenly gone and can official will writing mitigate this? thanks
Hi Leonard, thank you for the great questions!
1. I feel you, and yeah, at the moment IBKR (and many other brokers) does not allow Malaysian clients to buy BTC, probably due to the stringent financial regulations. Will keep you all updated as soon as it's available!
2. Yes there will be inheritance tax, but its up to 40%, not 40% flat ya. Unfortunately there's not way to avoid it if you invest in the US market, but it can be mitigated partially through investments via Ireland domiciled ETFs - as there are no inheritance tax on irish-domiciled assets for us!
Can check out this video to learn more: ruclips.net/video/VIM1fczQdAE/видео.htmlsi=TYBgpnynbd6ygCOB
What is the option entry and exit fee? Is the expired option incurs any fee (expired option in TOS is no charge)?
Hello ~ as far as i know expired options dont incur any fee; standard option trading fees will apply for entry and exit.
Hi there everyone, just one quick question. I have opened a IBKR account. How much is the minimum transfer to begin paper trading. IBKR is asking for funds before I trade.
Thank yoy
Can you provide a step by step guide on opening ibkr and buying please?
he did already, check older videos
Thank you for this video!
You're most welcome buddy!! Hope to see you more around!
Hi Ziet. Thanks for all your videos.
I have a question but not really about IB. Why Alibaba US (BABA) is less performing than Alibaba China/HK (9988)?
It's a matter of perception. Investors in China knows the truth of Alibaba's performance, those gweilos in the US of A only know propaganda fed to their brain dead heads.
Can I add another user like my wife/son to my account ? in case anything happen to me, he can inherit it ?
Thanks for making wonderful content as always....Recently i am not able to get authentication code to log in into IBKR account using laptop. Pls advice on this .....thanks
I'm facing the same issue. Is this a recurrent problem with IBKR? If so, I will look for another broker, I'm happy I didn't deposit anything yet
Any update, novelty guys?
I cannot find CNDX in London Stock Exchange when I use the search function. Pls help.
Hey, Ziet, thanks for the explanation. It clears all my doubts!
Hi Ziet, I have USD currency in a foreign bank account (non-US), is there any better way other than wise? I did check on WISE if I were to add money into wise by "SWIFT" there is a SWIFT fee incurred? Not to mention there may be additional fees from the bank itself?
Excellent vid. But that zit, Ziet, is struggle to not pop on screen haha
I knowwwwwwww omgggg T_T I'm soooo sorry about that, it pops out every Thursday when I film my videos 🥲 (happy to report it's gone now!)
Is it adviceable to open separate ibkr acct if you are investing both us and sg, foe monitoring purposes? Or just one ibkr account will do?
Iv got this message when i try to trade " Your order was not accepted because the Master/Compliance user has restricted you from trading: account is closing only " You know whats wrong ?
Following Brexit my IBKR account was moved from the UK to Ireland. This has the disadvantage that now the limit for protection for cash in case of IBKR'S bankruptcy is only €20000, not €100000 as before.
How do you see the margin that is being used and being charged margin interest by ibkr ?
Hi Ziet, what market data do I need to trade North American Futures?
Hey there! To trade North American futures effectively, you'll want to get your hands on live futures data for the contracts you're interested in, like the E-mini S&P 500 or NASDAQ futures.
Can try checking with IBKR customer support ya, hope this helps!
Is there way in ibkr mobile app where I can see top "strong buy" stocks rated by analyst(can see in fundamentals tab) and sort them in ascending order based on market cap?
great video, thank you Ziet
Glad you liked it jefff! Have a great one🥰
Bro I created a account in IBKR. Yesterday I done my first purchase. I was not allowed to buy pink stock. It says I need to get trading permission by selecting “US”penny stock” option but that option was not appeared in my trading permission in stock colum. What am I supposed to do. Kindly help me….
A yo! Go to your trading permissions to update your trading experience, like the guy said… you may have to make it so that you have plenty of trading experience, more financial income, etc…
Yes, and also be weary of the zero DTE policy at IBKR some of their zero DTE if it’s on a week that has a holiday or if it’s close to the monthly expiration date does not settle on the same day which causes me to lose money because didn’t settle in the next morning and I had a long argument with the support person at IBKR That this is not fair and this is not how it’s supposed to be played or at least you should have a warning that when somebody place something like this that is not gonna settle same day because the strategy was contingent on the sentiment. What the hell is that? Can you guys make a note that I know that freaking interactive broker does not respect 0DTE all the time and you could come see you a lot of money.
@ZietInvests Can we invest ( commodities , index ) cfd through ibkr , as Malaysian?
I believe you can - but need to have certain trading permissions in order to do it yea
@@ZietInvestscan you tell me whats that procedure ?
Does US Stock DRIP got any charges in IBKR? Thanks
Kindly if you can shed some light on good faith violation and it’s application through IBKR.
For instance if I open a position on Monday and close it on the same day that is Monday, when can I open my next position while trading through IBKR.
I just started with IBKR. Transferred USD from UAE bank. They have charged additionally USD 25 for RMA TT CORR charges. What is this charge? Is it one off?
The USD 25 charge could be a fee related to international wire transfers or a compliance check. It might be a one-time fee, but it's best to confirm with your bank or IBKR.
Whats the minimum requirements to open level options account
Level 2
Can withdraw to other person's WISE? Im asking just because as far i know IBKR dont have beneficiary/inheritance
why is minimum order size 100 for SG individual stocks?
Oops ,Happy Chinese New Year to you🎉
Happy Chinese New Year to you too 🧧
Wanna ask ur opinion, if invest via malaysia broker like rakuten, when we withdraw large amount of money, will it be less likely to trigger the LHDN?
And if i die, family member will easier gt the inheritence?
Should this be consider point when choosing to use local broker or international broker?
I already invest via IBKR for 2 years
Heirs may have to pay American estate taxes if their US‐domiciled holdings exceed $60,000.
It doesn't matter whether or not such products are purchased from a non‐US brokerage.
How to overcome this?
Hi Ziet,
can I ask you a question. If I open IBKR account with my passport number. After 10 years my passport expire, do I need to re-open new account or still keep this account and update new passport number ?? Can you help me...
superb tips!
😁glad you liked it!
How to sell ETF in IBKR? All my order submissions failed
Did you submit during off market hours (weekends)? Try submit on weekdays yea
Hi Ziet!! Awesome video. But need to ask question. Let say you remit $$ from IBKR to Msia account and got triggered by BNM. What type of proof do we need to provide to justify?
Hi, IBKR can assign nominee? Just as EPF. Or Will can cover this? Thanks
Opinion abour adr china etf ?
Can I trade my own company stock when I'm director of that company without informing Bursa/the public when using Interactive Brokers??
When i deposit 100$ why do they charge me 30$ for transfer? Am i doing it in a wrong way or ? Based in UAE
You might have sent it through foreign telegraphic transfer, the USD 30 is charged by your bank, thats why its not encouraged to do that :x
Try this method instead, its much cheaper: ruclips.net/video/8YeDT2ol1K0/видео.htmlsi=mOc6m9vuIHNAXL6c
@@ZietInvests Wise doesn’t work in UAE you see that feature of adding and balance you can’t see it here . I open wise i only see exchange options
Man I hate IBKR so much. It's pain in the ass when registering a single account. First register failed and they won't give any reason, second attempt need some trading certificate or something and I can't proceed with that because I don't have it
Hey Ziet, Great video there. BTW, let's say somehow I managed to made from 10k to 1m MYR in the broker. Since this money is clean, is it possible I can withdraw one lump sum? Will I still get taxed even i can show evidence of my money where it came from ?
Hi, as mentioned in the video, i can’t guarantee how the malaysian authority will react when you bring in that huge sum of money into the country, cross corder.
Technically capital gains are not taxable, but as part of anti money laundering exercise they’re gonna have to audit and investigate the source of your income - i.e going through your statement etc.
Do check with a financial advisor for the most accurate advice ya😄
Great sharing ! Can you comment on investors of foreign nationality residing in Malaysia - can they maintain IB account to trade US stocks from Malaysia, and if yes, which IB to register (SG or US), are there's restrictions to these class of investors in this case?
Hi Ziet. Does IBKR allow trading BTC ETFs for Malaysians?
Great video mate
Thank you mate!!
Very difficult to transfer funds
Hey Ziet! Can you make a video explaining how the Stock Yield Enhancement Program on IBKR works?
How to buy BTC as a Malaysian? Cant seem to access Binance and IBKR doesnt allow my account to buy BTC
Hi, yeah at the moment IBKR does not allow Malaysian clients to buy BTC, probably due to the stringent financial regulations :x we can only wait and see - i will keep you all updated if BTC ETF is available for us!
Why not Luno?
Thanks bro.
as malaysian, can i open cimb singapore account?
Can! Here's the guide: ruclips.net/video/mXjaob63K2w/видео.htmlsi=MKAG_XJmWTStSBxl
great video
Glad you enjoyed it😄
Muito complicada de negociar !
thanks man
Do not spread your withdrawal within a short time period.
This is structuring, you will still get triggered.
If you are not doing anything shady then just withdraw all of it lump sum and be ready for your Bank to call you and provide all the necessary documentation to proof the source of fund.
Or if you need X amount on a certain periodical basis then monthly is the best bet. It will still trigger but as long as not too large then they may potentially let it go if your profile is matching the amount you are transacting.
#Not a money laundering advice
How long does it take to withdraw your fund to your Wise account?
Has anyone ever told you that you sound like you have a Caribbean accent?
😊
Is that true Moomoo started the Malaysian operations today? TQ
Yes they have! Can get cool rewards if you are interested: j.moomoo.com/00JRcf
@@ZietInvests I'm interested to use your promotion. Please do a demo for account opening asap. TQ
What's the problem even if your withdrawals trigger the authorities?
If your trading is legit, if the broker is legit, then just pay the relevant taxes on income and there's no problem. Right?
Granted that IB like many other foreign brokers are on the Malaysian security commision alert list, by virtue of it being an offshore brokerage, without licence and not regulated by Malaysian laws, it is just a precaution notice and is not illegal.
That's my take on the matter