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 All about ETFs / Foreign Brokers, Exchange traded funds

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elea88
post Mar 23 2019, 04:57 PM

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QUOTE(AVFAN @ May 7 2015, 09:35 AM)
happy to say i completed my maiden trade on IB, had a tiny profit. biggrin.gif

anyone looking for USD stocks investment or trading, i will suggest Interactive Brokers (IB).
https://www.interactivebrokers.com.hk/en/home.php
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hi, wanna ask.. Where in IB platform to find the conversion rate between currency?

i hv not funded my newly open ac yet.

where to find the exchange rate for SG TO USD.. or sg to HK?

at the point of purchase shares? or wht?
elea88
post Mar 26 2019, 12:24 PM

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QUOTE(rjb123 @ Mar 25 2019, 06:48 PM)
You need to create an order to trade between currencies inside your account - the rate you'll get will basically be identical to the rate on XE plus a small amount of Commission.

There's a couple of things to consider :

IB has 2 routing options - IDEALPRO and FXCONV - IDEALPRO creates a virtual currency position, and FXCONV actually converts one currency to another, by default it's always IDEALPRO that's selected - so make sure you change to FXCONV.
Another thing is - you're able to run negative balances on margin (ie. deposit USD , buy stocks in GBP) , if you deem the rate it not good at the moment, you can convert the currency at a later stage, you earn interest on the positive currency and pay interest on the negative balance.
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Is there any group to join for IB? i am really at loss haha... Maybe low IQ.
elea88
post Mar 26 2019, 03:00 PM

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QUOTE(rjb123 @ Mar 26 2019, 01:00 PM)
No group that I'm aware of .. but plenty of IB users across different forums

Quite a few users here also, I'm sure any questions can get answered here
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to simplify.. can u guide me the steps...?

my base currency with IB is SGD.

if i want buy HKEX...
where and how to convert.
SGD TO USD TO HKEX?

if buy USD
can i just click BUY? or need to convert and parking USD first before purchase?


elea88
post Mar 27 2019, 05:20 PM

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QUOTE(hyperzz @ Mar 26 2019, 10:55 PM)
Just to add more explanation.

elea88, I assume you need HKD for HKEX. IB does not have the pair SGD.HKD. So you need to convert twice, SGD -> USD -> HKD. You can follow the suggestion by rjb123 for SGD -> USD (meaning to BUY the pair USD.SGD).
Then you need to SELL the pair USD.HKD to get your HKD.

Some basic concept about forex trading. For a currency pair, i.e USD.SGD, the first currency (USD) is the base currency, the second currency (SGD) is the quote currency. 
Assumed 1 USD = 1.3514 SGD.
When you :

1) buy 10,000 USD.SGD, you will get 10,000 USD. For this BUY, 13,514 SGD will be deducted from your IB account. The commission charged is 2 USD. Buying a currency pair will give you the base/first currency.

2) sell 10,000 USD.SGD, you will get 13,514 SGD. For this SELL, 10,000 USD will be deducted from your IB account. The commission charged is 2 USD. Selling a currency pair will give you the quote/second currency.

IB has a youtube channel with tutorials, i.e. Forex with WebTrader 

Hope this helps.
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the commission 2 USD is for any amount of forex exchange?

also.. you guys would choose TIER pricing or FIXED pricing?

Fixed rate plan typically charges a fixed rate per contract or share which covers all commissions and exchange fees.

Tiered price plan charges the fees based on the monthly trading volume. Plus additionally exchange, regulatory and clearing fees. The more you trade, the lower commission you pay.


elea88
post Mar 27 2019, 08:53 PM

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QUOTE(Ramjade @ Mar 27 2019, 05:31 PM)
TIER. According to one blog post. TIER can save more.
https://thepoorswiss.com/comparison-brokers...brokers-tiered/

Is your IB pure IB or white label of IB?
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dunno. i register with INTERACTIVE BROKERS.

white label means what?
elea88
post Mar 27 2019, 08:55 PM

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QUOTE(Ramjade @ Mar 27 2019, 08:14 PM)
Damn I don't have USD100k. sad.gif
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why need USD100K for?

Minimum deposit
Interactive Brokers minimum deposit is not the same for the different account types.

In 2018 the minimum deposit was lowered from $10,000 to $0.

$2,000 is still needed if you open a margin account. Margin account means that you trade with borrowed money, also known as leverage.
elea88
post Mar 28 2019, 11:11 PM

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QUOTE(hyperzz @ Mar 26 2019, 10:55 PM)
Just to add more explanation.

elea88, I assume you need HKD for HKEX. IB does not have the pair SGD.HKD. So you need to convert twice, SGD -> USD -> HKD. You can follow the suggestion by rjb123 for SGD -> USD (meaning to BUY the pair USD.SGD).
Then you need to SELL the pair USD.HKD to get your HKD.

Some basic concept about forex trading. For a currency pair, i.e USD.SGD, the first currency (USD) is the base currency, the second currency (SGD) is the quote currency. 
Assumed 1 USD = 1.3514 SGD.
When you :

1) buy 10,000 USD.SGD, you will get 10,000 USD. For this BUY, 13,514 SGD will be deducted from your IB account. The commission charged is 2 USD. Buying a currency pair will give you the base/first currency.

2) sell 10,000 USD.SGD, you will get 13,514 SGD. For this SELL, 10,000 USD will be deducted from your IB account. The commission charged is 2 USD. Selling a currency pair will give you the quote/second currency.

IB has a youtube channel with tutorials, i.e. Forex with WebTrader 

Hope this helps.
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Thank you for all your help...

i feel so silly ya..but i really cannot find USD TO HKD.

i manage the USD.SGD. got my USD already.

how to convert USD TO HKD? i am using the TWS.





elea88
post Apr 1 2019, 09:06 PM

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QUOTE(rjb123 @ Apr 1 2019, 08:57 PM)
Funds are available to withdraw 3 days after depositing.

No problem to empty the account, assuming no margin is in use.
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another NOOB question.

To view an activity statement from Account Management

Click Reports > Activity > Statements.
The Statements page appears by default.

Problem is.. i looking and looking in Account Management. do not have this REPORT word also..


How to print out Activity log or statement?

No need.. found it already. Answer is: have to login from web and not use the TWS.

This post has been edited by elea88: Apr 1 2019, 09:33 PM
elea88
post Apr 1 2019, 09:10 PM

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QUOTE(Ramjade @ Apr 1 2019, 06:23 PM)
Is it possible if after I funded IB, I withdraw 100% of it? Say few days later and leave zero inside?
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transfer funds from POSB to IB.. is super fast . it gets updated in about an hour or so...

Faster than MKE..!!!


elea88
post Apr 2 2019, 09:32 AM

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QUOTE(Ramjade @ Apr 1 2019, 10:22 PM)
Nice  rclxms.gif  rclxms.gif
Cause got nothing to buy so not going to buy for the sake of buying.
You dump USD100k with IB/trasnfer USD100k worth of shares to IB? Cause if don't do that got monthly fee of USD10. hmm.gif  hmm.gif
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buy sell buy sell.. sure can reach USD10

can buy SGX. brokerage is SG 2.50 still cheaper than anything in Singapore as we are Malaysian.

I where got USD100K? also dun think i trust it enough yet to put in so much

i buy HKEX SGEX USD.. hv no idea yet how they calculate the USD10

convert all brokerage to USD and offset ?

I guess trial and error. after 1 month see what happens.





This post has been edited by elea88: Apr 2 2019, 09:35 AM
elea88
post Apr 3 2019, 05:22 PM

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QUOTE(Ramjade @ Apr 2 2019, 09:42 PM)
Er I meant for withdrawal. Which bank do you guys put for withdrawal?
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I use POSB for deposit and withdrawal.

i deposit SGX into IB... then within IB i do conversion to USD or HKD..


elea88
post Apr 3 2019, 05:26 PM

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QUOTE(Ramjade @ Apr 2 2019, 08:24 PM)
Just want to ask m,  I am going to open with Tradestation.
They ask for USD 5k, now if I deposit > USD5k in terms of SGD is it OK?  Or do I need to convert?

elea88, rjb123hyperzz what SG bank did you link to  IB?
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IB have no minimum. Open with zero.

i just bank in whatever amount.. even SGD1K also can..
elea88
post Apr 3 2019, 09:40 PM

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QUOTE(Ramjade @ Apr 3 2019, 09:13 PM)
I know. But I am opening with whitelabels.

Seriously SGD1k also can.  ohmy.gif But SGD1k is not USD1k.  biggrin.gif
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coz my base currency with IB is SGD. then from IB convert to USD

i tested with small amount first.. also will test a withdrawal later.


elea88
post Apr 4 2019, 08:02 PM

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QUOTE(lchimpanzi96 @ Apr 4 2019, 05:40 PM)
did you manage to withdraw and see it in your bank account? How long would it take to withdraw to ur bank account
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not yet withdraw... busy converting SGD to USD to HKD.. then buy some stuff. not enough $ hv to transfer in some more..

then left right all my kawan's.. questioning me.. SAFE OR not? u go put $ inside this ONLINE THING?

erm... i also dunno.


elea88
post Apr 5 2019, 08:11 PM

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QUOTE(Ramjade @ Apr 5 2019, 10:22 AM)
Guys, how come my button became like this? When I click trade, it stays at logging in only. I can't even add any watchlist.

user posted image
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using what?
elea88
post Apr 8 2019, 08:01 AM

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QUOTE(Ramjade @ Apr 5 2019, 09:14 PM)
IB webpage. When I login.
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you have to download TWS
elea88
post Apr 8 2019, 09:06 PM

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can someone help?

how to key in STOPLOSS from the TWS

i key in the amount. it says " KEY IN VALID PRICE"

what is the terms of pricing?

Lets say current share price is $35.
i key stoploss 30.. but its shows not valid? why?

can key in both? TAKE PROFIT part and Stop loss part together ?
elea88
post Aug 22 2022, 09:30 PM

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QUOTE(ollec @ Jun 25 2022, 03:19 PM)
Dear all, a very noob question, how do I know the currency of the ETF i'm looking at in IBKR? Thanks a lot

user posted image
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i am looking at VWRD .. in usd

i try stick to USD sgd with IB... too many currency will be confusing or not?

 

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