I am still in the process of funding...so I don't think I am going to make a withdrawal anytime soon
But I could take your word for the speed of withdrawal altho i have yet to try it.

Btw, any advice or tips on the SGD fund which I transfer over. The reason I asked if because I discovered very recently that I could make small gains on the forex when I accidentally convert my currency from SGD to USD over the IDEALPRO forex (which is for speculative forex trader) vs via the FXCONV (for those who just want a simple conversion).

So now my portfolio keep P/L of the USD.SGD pair hmmm. Initially I dislike the thought of having to buy or sell currencies as it is too troublesome but I changed my mind now as this give investors the flexibility to change or convert back or forth when the rate is favourable.

I guess you mean SWIFT/WIRE withdrawal?
I tried BACS and SEPA but they are not so fast.

I only ever use SWIFT and WIRE, normally because they’re needed the same day and amounts are in the 6 digits.

Always received very quickly

BACS and SEPA are of course slower. SEPA can be quick but that depends on where the receiving account is

I believe all of us want to convert currency at spot rate AFAIK, only IB offers retail customers this option.
You're right about IDEALPRO and FXCONV. However, the speculative traders usually use forex CFD to trade forex on IB platform.
IB does not offer the usual forex trading method commonly found among forex brokers. Forex CFD is the closest option but this very high risk instrument. Only use this if you fully understand forex trading.

Thanks. Is there any charges by the receiving bank, for either GBP or EUR?

I tried it last November and Instarem sent me an email saying they do not remit Euro from Malaysia. Since you guys got it to work then I shall try it again, probably Instarem started to remit Euro now which is great news for me! Thanks for the info!

eh, now IB maciam open account no min requirement d?

I think this is old news. Which mean no need to cough up USD10k upfront. Just that the USD100k still maintain.

100k Itu what restriction? Ic...

No USD100k with them kena charged monthly fees of USD10.

This post has been edited by Ramjade: May 24 2019, 08:29 PM

Open an IB account, buy ur fav etf for the first 3 months with lower charged. First 3months IB wont charge u platform fees.
Then transfer all your holding into tradestation global.

I tak paham... Now I stuck at funding IB account stage... If I fund liao, then transfer to Tradestation.... My IB how? Will kena charge every month? I gg oh...

Please la. Just use one. You already got Captrader. Why so greedy want to open so many IB account for what?

i tot cheap ma no meh? cheapter than captrader oh...

so how ah? actually tradestation got caveat one right? must use IB (and pay monthly fee), then can only use tradestation.

Then like that, tradestation still cheap meh?

Again pick one lo. When you sign up with so many, you don't know where to put your money. When you sign up with Tradestation you get access to IB. Of course this IB you get is not pure IB. Is the Trade version of IB. How I know? There's no tiered commission to select.

This post has been edited by Ramjade: May 25 2019, 10:14 PM

ic...so mafan i want use tradestation they send me back to IB account...now need fund IB first...

I pick tradestation for 3 reason
1) I want UK company vs German company
2) I need access to SG market
3) Cheaper

so u first fund IB account first right? then transfer to tradestation? coz i cant straight open tradestation

I fund IB. Never even use tradestation except upon signing up or customer service. Everything settle directly with IB web. Not their software. Never really like to install anything for investing.

ic...so i just proceed fund IB lo.... hope like u say no monthly charge...