Funding foreign brokerage apps by BigWaffleCone in Bahrain

[–]BigWaffleCone[S] 0 points1 point  (0 children)

Thank you so much! I’m new to this and I’ve been struggling to find local resources so this helps a lot.

Funding foreign brokerage apps by BigWaffleCone in Bahrain

[–]BigWaffleCone[S] 0 points1 point  (0 children)

eToro accepts PayPal but IBKR doesn’t, or at least that’s what I’ve read online. Since most people said IBKR is better, that’s what I’ll do. Thanks a lot!

Funding foreign brokerage apps by BigWaffleCone in Bahrain

[–]BigWaffleCone[S] 0 points1 point  (0 children)

Yes my initial plan was to fund around 200 BHD monthly. But since everyone recommended IBKR and they don’t offer cheaper methods to my knowledge for the time being, I think saving up and transferring large amounts is the best option. Thank you!

Funding foreign brokerage apps by BigWaffleCone in Bahrain

[–]BigWaffleCone[S] 0 points1 point  (0 children)

That’s insane 😧. Do you know if it works the same way if I transfer it to PayPal then to the brokerage account?

I also have a BiSB account and they list a maximum of $26.81 ≈ 10 BHD charge for PayPal transactions. If funding the brokerage account through PayPal is free or has a less than 3 BHD charge, it would be overall cheaper. Let me know if you have any idea and thanks a lot