I just submitted the application of Tradestation global, may i know the first funding must fund USD via bank? can we use Instarem or SG bank account to transfer with SGD currency?

Depend on what currency you selected as your base currency. Is it USD or SGD?
If SGD just do a transfer via FAST transfer using SG bank.
Not sure about whether they accept USD via instsrem for funding.

my god, i selected USD as base currecy.
it means i have to use USD for future fund?

You try and see if use instsrem can go through or not.
https://www.interactivebrokers.com/en/softw...asecurrency.htm

thanks. I am still waiting for the approval of my application.
Will check

You need to put in money then only will approve.

noted, thanks

Interactive Brokers are great

They will give you a username and password or you make it to yourself (forget which). Login using that. Go to payment site and made payment. Key in the details of the bank you making payment from.

yes, i already log in and uploaded my ic and utility bill.
the verification process takes 1 to 2 working days. will arrange TT once the verification process is done

This post has been edited by Kudo2012: Aug 24 2019, 02:15 PM

first time use foreign broker, will try it.

Only because of cheap fees, but...

Need to pay extra for live feed. Got min activity fee $10 per month unless you got >$100k or monthly commissions >$10

TWS harder to set up, and in my case glitch on me now and then.

Imho just ok, not great. But certainly top 3 broker choice.

I use whitelabels to get around the monthly fee.

Yes I know. He said IBKR... just pointing out some quick pros/cons.

Btw, depending on the size of the trades and markets, lowest fees varies between captrader / tradestation global / IBKR, so there's that...

Base currency doesn't affect anything (to us Malaysians at least). It's more to reference your portfolio or report in your 'home currency'. But since MYR is not available, either USD or SGD will still look 'alien' to us anyways. You can change your base currency in account settings.

You're free to fund and convert to other currency outside your selected base currency as well.

Minor OT... do they charge a fee for conversion, assuming it like a fx trade? Say you fund in usd n buy stocks in eur in Amsterdam. Thanks

This post has been edited by dwRK: Aug 24 2019, 05:05 PM

About USD2/transaction.

A small fee - rate you get is within a pip or half of spot.

By default if you have USD and buy a stock in EUR you’ll have a negative USD balance which will get interest charged on it.

I checked the bank account provided, the currency is in USD.
is there any method I can fund the 1st fund to their bank acc in SG?

Wire Funds to
Citibank N.A.
111 Wall Street
New York 10005
United States

ABA Routing Number
021000089

SWIFT/BIC Code
CITIUS33XXX

Bank Account Title & Address
Interactive Brokers (U.K.) Limited
Level 20 Heron Tower
110 Bishopsgate
London EC2N 4AY
Bank Account Number
30806988U3247557

Thanks bros