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Wow, nice to stumble upon a couple of fellow Kiwis into trading. Until now I thought I was the only crazy guy from NZ waking up at 1:30AM to trade the US RTH.
Good to know there are others from NZ here doing the same thing. I've been trading options for a little over a year but have just moved to Futures with a Tradovate account along with Jigsaw trading tools.
I too have just tried the Transferwise route of funding, did a little test today to see if my Tradovate account receives the funds. I have a Tradestation account from which I trade equities and options and wiring money out of that account to my Transferwise US account was fine without issue at all.
Hey paradoodle, great to her from a fellow Kiwi, and from Chch! Even better!!
1.30am!! I'm impressed. I'm currently sim trading the Euro Stoxx (FESX) and Euro Bund (FGBL) in the evenings, familiarising myself with the Euro session price action, of which there's plenty. It sounds pretty cliched, but I'm determined to become a daytrader (trade for a living). I've been studying Mack's PATs method in-depth and I really feel like I 'get it', which is exciting. I've just got to work on developing a solid sim track record (prove it to myself, build confidence) before I give it a go with real $$.
I'm positing this here so that it might help anyone else searching for an answer about AMP accounts and Transferwise.
I live in New Zealand and wanted to know whether I could fund my AMP U.S. account (not a Global account) with USD …
However, regarding funding, I've since realised Transferwise doesn't allow you to put a reference for the ACH transfer (e.g. your AMP account number), so I didn't take the risk and made a bank wire instead (which does allow you to put a reference).
Also, AMP's wording on this webpage is confusing. They state that for "non-USD wires" their correspondent bank charges an additional wiring fee of 10 to 20 USD. What they actually mean is that all international wires, whether in USD or not, incur a fee from AMP's correspondent bank. In other words, only a bank wire within the US won't incur the fee. This is rather misleading, as on this webpage incoming wires are listed as "FREE". In actual fact, incoming wires are only free if you are wiring within the US.
I pointed this out to them a number of days ago and was told it was accurate because AMP doesn't charge the fee, the correspondent bank does. I suggested that it was still misleading for customers, who'd quite naturally assume "FREE" meant without any charge (from a correspondent bank or otherwise).
I'm impressed. I'm currently sim trading the Euro Stoxx (FESX) and Euro Bund (FGBL) in the evenings, familiarising myself with the Euro session 