As mentioned in post #1030, you will see IB's SG account number after you login to account management and initiate a deposit notification.
IB might have different account number for different white labels.

By comparing the deposit instruction of Captrader and my broker, Zackstrade (another IB white label), I notice that Captrader is affiliated IB UK while Zackstrade is affiliated with IB US.
All the deposit accounts are with Citibank in different regions. But the name/address registered to the Citibank account can be IB UK or IB US.
I think this does not make any difference.

This post has been edited by hyperzz: Mar 29 2019, 07:13 PM

You're right, Captrader does not offer SGX shares and ETF, unfortunately.
A white label might not offer every products that IB has.

You can start with a white label, use it as a stepping stone until you reach 100k. There's a learning curve when switching to IB as it's platform is geared towards professional traders. It takes some time to really master it.

Make the same mistake myself. Once I also shorted an option by accident and have to buy it back.
The FXCOV option was created after some customers complained that IDEALPRO option will create a virtual position by default. I was one of those who complained
This virtual position can be set to 0 in TWS and thus making it disappear.

Yes, the virtual position is closed but your account is not affected in anyway. Your currency exchange will not be reversed.

Unfortunately the white labels have slightly higher margin rate. The difference in margin rate between IB and the white label's is profit for the white label.

IB is nice that negative rate only applies when you have more 100K of a currency with negative rate, i.e. > 100K CHF/EUR.
I also exchange currency when the rate is in my favor.

This post has been edited by hyperzz: Apr 2 2019, 02:57 PM

Yes, for any negative balance, we will incur interest charges, regardless of which currency.

But for positive balance in some currencies like CHF, EUR, etc, we will incur interest charges too, for the portion > 100K, due to negative interest imposed by their respective central banks.

You can deposit US$ 5K or equivalent in any currency supported by IB. No need to convert.
Any SG bank with FAST transfer will do, for free transfer.

You can withdraw to any bank account in your own name, anywhere in the world except sanctioned countries.
IB offers withdrawal via SWIFT (all supported currencies), ACH(USD) or SEPA (EUR).

My mistake. Seems like more local withdrawal options are available now.
Things have improved since my last SGD withdrawal a few years ago.
See the image attached, 'Giro/ACH' probably means FAST in SG context.
The same option is given for HKD too.


Attached thumbnail(s)

TWS has many sophisticated functions that professional traders can make use of. But for general investors, the web trader is usually sufficient.

In webtrader, I can find ICBC by just typing 1398. See picture attached. The first one (SEHK) is ICBC stock listed in HKEX.


How do you search for it?

I guess your account does not have permission to trade in HK.

See the Account Settings in Client Portal/Account management:

You're welcome. Happy investing 😉

If you already own shares in a company that entitle you to special offering by this particular company, you will receive an email from IB on how to participate in the corporate action.

For example, I once owned shares in Delta LLoyd NV (a Dutch insurance company already acquired by a bigger rival) that offered new shares at a significant discount to raise capital.
The following email was sent by ZS/IB with instruction on how to subscribe to those new shares.



The instruction given in the email is no longer valid as the Account Management interface has been updated.
If you select 'Support' in your Account Management, you will see 'CORPORATE ACTION MANAGER'.
With every corporate action, a default action will be defined which will be taken if you do nothing until the election period expires.

I tested withdrawal from IB recently. For all the options below, no fee was charged by the receiving bank but the transfer itself can be very slow, except EUR/SEPA.

1) SGD to SG bank account via GIRO/ACH.
The fund was credited to my account 3 days later (T + 3).

2) HKD to HK bank account via GIRO/ACH.
The fund was credited to my account 3 days later (T + 3).

3) GBP to TransferWise GBP account via BACS.
The fund was credited to my account 2 days later (T + 2).

4) EUR to TransferWise EUR account via SEPA.
The fund was credited to my account on the same day the withdrawal was submitted (T + 0).

TransferWise borderless account does not support WIRE, unless I am wrong.

Yes, those who has a real UK/EU bank account that comes with an IBAN can receive SWIFT/WIRE transfer.

I just double-checked, TransferWise EUR account actually can receive SWIFT transfer. Good news for those who invest in index fund denominated in EUR.

I bank with Standard Chartered HK.

Did they close both your personal and company accounts? Or closed just the company account let you keep the personal account?

Another option is OCBC Wing Hang. Some EU people managed to open company account with this bank on their own, for their HK company.

Good luck with that. For DBS, most likely they will push for nonresident clients to join the DBS Treasure program. Please share your experiences later as bank policy changes with time.