Sifu here. I'll help answer your question.

Before you apply for trading permission on an additional security/product, make sure you have met the requirements needed. For CLPs, the requirements according to IBKR are:

"In the case of Complex & Leveraged Products, you must have a Good or Extensive Knowledge Level for stocks and options, or stocks and futures, or take a test."

Additionally, they require you to have a certain amount of liquid net worth and income according to your age. For age 31 to 40, liquid net worth should be at least $50k and income at least $45k.

Once you have submitted the permission request, on the account permissions main page, the link "request for permission" next to the product should have been replaced with a greyed out "global". That means it's pending. If it still shows "request for trading permission", then you have not submitted the request yet.

It usually takes less than 24 hrs on a weekday, but because of the influx of noobs like you to platforms like IBKR and robinhood, there might be delays.

Good luck, boy!

Back when I asked the question, I was still noob. Now that I am older and have gained years of experience, I have become sifu. Of course, I will help answer noob questions, including my own.

Come, come noobs. Unker help answer your questions.

May I know the reason why we need to convert the currency according to each stock exchange?

Let's say I have USD, and I would like to trade on hkse. Can I just place the trade without converting??

Thank you..

The status in your picture seems to indicate the date 31 December 4712 as the expected completion date. So slow, that's why I just use bank transfer instead.

Perhaps resident instarem expert Ramjade can help you out.

Anyone face this issue before?
Something wrong with their system? Sent EUR via Instarem.

How much u sent?

It matters because your transaction was flagged under their anti-money laundering controls. You should try sending smaller amounts (below $1million) first. Just curious, have you ever been convicted of money laundering or financial fraud prior to this?

Just had the exact same thing happened to me. Please update here if it has been resolved?

Just had the exact same thing happened to me. Please update here if it has been resolved?

u mean any IBKR whitelabel that has UI similar to Rohinhood?

AFAIK the answer is no, having said that even for Tradestation global (TSG) we are using IBKR UI but not TSG own none-user friendly UI.

Which documents did you submit via e-mail to IBKR?

Hi all Sifus! Initially I wanted to use the method of Maybank -> Maybank SG -> IBKR method but as a student they rejected my application for the Maybank SG acc. May I know if there are any other methods besides TT?

I was thinking of using Transferwise. IBKR says that they support TW but I think it's better to ask sifus here if any has experience with doing so. And if Transferwise can jalan, should I send SGD and convert USD in IBKR or just send straight USD and save the $2 commission?

Yup I'm not worried about bringing money back. Don't plan to anyways. But I thought the method everyone use is Bigpay to SG bank acc, then FAST to IBKR? Or I got sth wrong oops
Yep went to Menara Maybank, I said that it was to store investment funds in SG for investment. At the time the clerk also said that students (21 y/o) with no valid income tend to get rejected but I tried anyways.

Is CIMB SG also strict? I haven't read much about CIMB jalan as I'm currently not a customer of theirs yet.

But I think my main question is more about if people here use Transferwise/ Instarem etc to directly transfer money into IBKR

Ah thanks alot Yggdrasil, I read all the old posts saying Instarem can't directly transfer that's why got confused some say can some say cannot 

I think I'll maybe try my luck with CIMB then. Don't have official taxable income and can't work either as a full time student but I have quite alot of assets and savings for someone my age, maybe they will check networth instead?

Sorry for bothering you Yggdrasil, but I'm currently filling in the recipient details in InstaRem, I type the bank Name as Citibank N.A and the swift code only appear as "CITISGSG", not "CITISGSGXXX". Is this the same?

So you told them for investments? And they open account for u even though they know u r not employed in Sg?