After successfully registering a Firstrade account, the next step is to deposit funds into an investment account to begin trading in U.S. stocks, ETFs, and other financial derivatives。

The following describes how to deposit funds into your Firstrade investment account through Maybank and explains how to withdraw funds from Firstrade to your bank account。This article contains detailed graphic tutorials covering deposit and withdrawal steps, corresponding fees, and things to note。

◇ Firstrade's way of entering and leaving gold

◇ Precautions for Firstrade's deposit and payment

◇ Complete step teaching of Firstrade's gold deposit and gold deposit

◇ Firstrade deposit and withdrawal expenses

◇ Firstrade deposit and payment arrival time

* The teaching content of this deposit and payment is recommended for reference by Malaysian users.。

How to get into Firstrade？

Before you begin, you must register and open a Firstrade account。

Firstrade's current main methods of deposit:

Electronic Transfer (ACH)

Deposits by cheque (check)

Bank Transfer (Wire Transfer)

* Firstrade only supports user transfers to USD。

* Firstrade does not charge users a deposit fee, but the transit bank used by the user will charge a wire transfer fee。

Which deposit method to choose?

In general, electronic money transfer (ACH) and check deposit (Check) methods are only suitable for users with U.S. bank accounts.。

For foreign users, whether you are in Malaysia or other countries, the most direct and easy way is through international bank transfer (Wire Transfer)。The only disadvantage is that the fees levied by the transit bank are slightly higher, but this method also takes a relatively quick time to get into the account.。

Firstrade deposit considerations

① You can deposit money only after you have successfully opened an account.

② Firstrade will not charge a deposit fee, but the transit bank will charge a fee.

③ Firstrade only accepts deposits initiated by a bank account with the same name as the Firstrade account (please make sure the name is the same)

④ Firstrade does not accept remittances from third-party banks or payment platforms such as Wise or Revolut

Firstrade deposit process teaching (multi-figure)

Next, we'll go into more detail in graphic form on how to use Bank of Malaysia to wire money into a Firstrade investment account.。

Users need to get the deposit instruction through the official website of Firstrade first.。The following teaching will be based on the Firstrade official website, traditional Chinese interface, about 5 minutes to complete the gold action。

After logging into the Firstrade account, in the upper right corner, you can click "English," "Traditional Chinese" or "Simplified Chinese" to switch languages at any time.。

When making online wire transfers at Malaysian banks, the web version is also used to facilitate the filling out of information.。

Bank International Wire Transfer (TT) Deposit Process (as described by Bank of Malaysia Maybank)

◇ Applicable object: Have a Malaysian bank account

◇ Handling fee: Firstrade's handling fee is $0, but the remitting bank will charge a wire transfer fee and Firstrade's receiving bank will charge a $25 fee.

Arrival time: 1 to 3 working days

◇ Currency of arrival: US Dollar (USD)

Step 1: Log in to the official website of Firstrade

Browse the official website of Firstrade, enter User ID and Password, select the home page "Home," then select "Traditional Chinese" or "Simplified Chinese," then click "Login"。

Step 2: Select a remittance method and obtain wire transfer information

Go to the home page, click "My Account" and select "Account Balance"。

Go to the following page and click on "account capital injection"。

You will then be taken to the deposit / transfer page。Select "Bank Transfer" method and click "International"。

The webpage will display the information you need to enter when transferring funds, including the name of the receiving bank, address, SWIFT Code of the receiving bank, name of the payee, address, bank account number, and remittance postscript.。

Note: For Final Credit To (For Final Credit To) is the basis used by brokers to identify and reconcile the source of funds, you need to fill in the 8-digit account number and full English name of Firstrade.。

In addition, when selecting the "bank remittance" method, click "in the United States," the page will display the ABA recipient bank international code, rather than the SWIFT recipient bank international code。Although most international remittances use the SWIFT code, the ABA code can also be recorded for occasional needs.。(For example, Maybank needs to fill in the ABA code / FED WIRE when entering the gold)

It is recommended that you copy these remittance information in your computer notes to facilitate the remittance.。

◇ Bank Name:BMO Harris Bank

◇ Bank Address:111 W Monroe St, Chicago, IL 60603（Alternative Zip Code: 60690）

◇ SWIFT Receiving Bank International Code (SWIFT CODE)：HATRUS44

◇ ABA Routing Number:071000288

◇ Payee Name (Account Name):Apex Clearing Corporation

◇ Payee's Bank Account Number:1617711

◇ Payee Address (Apex Clearing Address):One Dallas Center 350 N. St Paul, Suite 1300, Dallas, TX 75201

Step 3: Make a Malaysian Bank Wire Transfer

Next, we can use online banking (e-Banking), or wire transfer to the bank counter / ATM.。

We will demonstrate the wire transfer process using Maybank Maybank Online Banking (computer version of the web page).。Other banks have similar wire transfer processes.。

Log in to Maybank Online Banking > Click Pay & Transfer > Transfer and come to the following page。

After selecting Transfer From, select Transfer To: Overseas and click "New Transfer"。

Next, since the Firstrade receiving bank is a U.S. bank in Chicago, select "United States" and its state is "Illinois."。Firstrade only accepts USD deposits, so choose "USD" and enter how many USD you want to deposit, here is enter 110 USD, then click "Compare"。

The banking system will display 3 choices, here the Maybank Foreign Telegraphic Transfer service is used instead of the Western Union service, so choose the first one and click "Transfer"。

* Note: It is also noted here that Transaction Fee: Applicable, which is what I said earlier, Firstrade's receiving bank will charge a $25 fee.。

Next, fill in your profile, including international, residential address and country。

Next, fill in the receiving bank information provided by Firstrade's official website.。Maybank requires FED WIRE number, which is the domestic code of the ABA receiving bank.。

Then again, fill in the payee information.。

* Note: In IC / Passport No./ Biz Registration No.users can fill in their Firstrade 8-digit account number。

The last step is to fill in the reprint information, the user can fill in according to the following way, and tick ✔ to agree to the "rules and terms," before clicking on the transfer "Transfer"。

◇ Purpose：Transfer

◇ Sub Purpose：Private Transfer – Other Capital Transfer

◇ Transaction Fees: Sender bear the fee (user will bear the fee)

◇ Additional Info: Fill in your English name and Firstrade's 8-digit account number

The system will display the following page, you must confirm that the receiving bank information is correct, and click "Confirm"。

The gold movement has come to an end here.。The system will display the following page, you can see that the transfer amount is 110 US dollars, the exchange rate is USD 1 = MYR 4.46, so the amount transferred to the payee is only USD 110 x RM 4.46 = RM 490.60。You also see that Maybank charges a fee for RM 10, so the total expenditure is RM 10 + RM 490..60 = RM 500.60。

Step 4: Wire transfer successfully to the account, complete the deposit

It usually takes 1 to 3 working days to transfer the deposit by wire transfer to your Firstrade investment account.。You can log on to the official website of Firstrade to see if the funds have arrived.。

By clicking My Account > Account Balance > Tradable Funds。

If you have not received the notification for more than 3 working days, it is recommended to contact Firstrade customer service as soon as possible。

What is the cost of wire transfer?？

This wire transfer costs a total of 2:

The second step: choose the way to pay

In Withdrawal from First Securities, select Remittance。Electronic Transfer (ACH) and Checking Deposits are only available to users with a U.S. bank account.。

For the first payment, you need to fill in and provide your receiving bank information.。Click Start to proceed to the next step。

Firstrade will ask for account verification, select your email address and click "Send"。After receiving the email, enter the verification code and click "Confirm"。

Step 3: Fill in the remittance bank information

Next, you need to enter your receiving bank information。You can follow these steps to complete the fill-in action。

Wire Transfer Type: International

Wire Transfer to: Bank Account

Wire Transfer Amount: The amount you want to pay

International remittance SWIFT code: Bank SWIFT Code can be found on the bank's official website, or ask the bank's customer service, here is the payment to Maybank, Maybank's SWIFT Code is MBBEMYKL

Name of the receiving bank: here the author fills in Malayan Banking Berhad (Maybank)

Payee Bank Account Number: Your account number

Re-enter payee bank account number

The city of the receiving bank: the bank address can be found on the bank's official website, where the author fills in Kuala Lumpur

State or province of the receiving bank: the bank address can be found on the bank's official website, where the author fills in Kuala Lumpur

The country or region of the receiving bank: the bank address can be found on the bank's official website, where the author fills in Malaysia

Receiving bank zip code: bank address can be found on the bank's official website, where the author fills in 50050

Intermediate banks are needed: there is no need to tick here

PS: No need to fill in here

Wire transfer purposes: you can fill out the payment, here the author fills in Balance Withdrawal

Do you want to save this bank information for future use？You can click "Yes" here so that you don't need to fill it out again in the future.

After confirming that the information is complete, click "Preview"。

Next, verify that the payee bank information is correct and click Submit.。

Note: It is also stated here that wire transfers will be levied at $25.。

The payment step will come to an end and the page will show that your payment application has been received。

The fourth step: the success of the gold

The time required for the payment is 1 working day.。

You can log on to the official website of Firstrade to see if the funds have been paid out.。

By clicking "My Account" > "Account History"。

If you have not received the notification for more than 1 working day, it is recommended to contact Firstrade customer service as soon as possible。

What is the cost of wire transfer?？

This wire transfer costs a total of 2: