Noted. Maybe cheaper to open say a tradestation account, buy shares in ToS and xfer it out to tradestation, sell it and then free withdrawal. Worth checking out. Was told ToS got good tools for options but higher fees everything.

You ald got a real US bank account then imho SG account probably not necessary.

This post has been edited by dwRK: Aug 10 2019, 12:57 PM

When you transfer, you need to pay the current holding broker some transfer fee.

So if you want to buy, pick a broker and use that broker to buy. Don't ever transfer.

Yup. If he ald got funds in ToS, got to work out the fees and risks of doing the share transfer.

This post has been edited by dwRK: Aug 10 2019, 01:04 PM

I see, thanks for the input. Yes i use ToS mainly for selling covered calls or cash secured puts. Fees are high even with a discounted rate (some guru) and I'm starting to look for other platforms which allow options trading.

alexkos
I see u have been mentioning GBP currency based S&P 500 ETFs, instead of USD based..
Are u taking into consideration of currency?


As we can see GBP is kinda cheap.. but how is the future prospect.

The next time u guys are withdrawing the money, need to go thru Singapore bank account?

Hi guys

I’ve funded my TS account via IB.

I’ve received email from TS to download TWS etc.

1. Can I just ignore all those and straight away log in from IB’s website and proceed?

2. from IB’s website, I just search for SXR8 and proceed?

Yes. Don't need TWS.

parking

please use the 'track this topic' function. it is located at the top of the first post of each page. thank you.

Thanks for the tips.

Hi guys, I’m trying to submit a buy order.

When I clicked proceed, it says my order exceeds the percentage constraint of 3%, then its cancelled.

May I know what does it mean?

Buy je. If I'm not mistaken. This index fund so big that it is virtually impossible to get a strange match beyond current bid/ask.

If u really scare, ask someone the market price of that fund, then hoot 1% higher market to secure your shares.

Yesterday I tried several times, but at the end it automatically cancelled by itself.

This is my first time buying, so need some guidance

Current the price is around EUR260.

Can I submit a lower price, say EUR255?

or is it advisable to submit a higher price, like you say 10% higher, ie EUR280?

Thank you so much.

looks like a default protection setting so ppl don't overpay...try look for it at order preset settings or something...you should be able to change or disable it...it's a precautionary warning so you should be able to ignore it if you are fast enough...

you can buy at current seller's price using "market" order

you can buy at lower price using "limit" order

on high liquidity stocks/etfs there is no need to set higher prices...just let ppl sell to your order

on low liquidity and you kan cheong wanna buy...you can set higher...really what it is doing is buying market order up to your higher price and remaining unfilled units are left as a limit order waiting to be filled

you can also buy at higher price using a "stop" order, which means buy only when prices go up to the higher price.

like alexkos bro said...if you hoot 1% higher, then should be no problem since it's below the 3%...

suggests you use the demo/paper trading to get a hang of the system, also YT...

good luck

This post has been edited by dwRK: Aug 21 2019, 07:55 AM

Assuming you're buying and holding. Safest way without live data would be:-
1. Wait about 1 hour from LSE FSX opening, to allow things to settle down after the initial opening institution trades
2. Checkout CSPX SXR8 last done price from google.com/finance
3. Put a limit order with the last done price +1 cent (e.g. last done 258.43, you'll bid 258.44)

I do get that 3% and non live data warning too and just choose to accept it every time

Update: Corrected LSE -> FSX (Frankfurt Stock Exchange) and CSPX -> SXR8

This post has been edited by roarus: Aug 21 2019, 10:49 PM

Thanks guys for all the tips

Hi all,

Does this method enable us to purchase stocks on the NYSE, or it is solely for ETFs?

Thanks.

Can.

Can.

Both stocks and ETF can be purchased, here's a full list of products you can buy and the fees
CapTrader: https://www.captrader.com/en/account/commissions/

TradeStation Global: https://www.tradestation-international.com/...ng-commissions/