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 Interactive Brokers (IBKR), IBKR users, welcome!

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PrincZe
post May 23 2020, 12:39 AM

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QUOTE(zenquix @ May 22 2020, 06:05 PM)
no such option when i was going thru the form.

PrincZe since you newly open where did u upload your IC?
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well, they will only ask for it on that page u shown. if not required then dont need.
FishIsSmart
post May 23 2020, 03:57 PM

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can broker accept deposit , if my first name become last name
and my last name become first name.

the broker set up my name terbalik, eg. ali baba become baba ali.


roarus
post May 23 2020, 04:07 PM

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QUOTE(FishIsSmart @ May 23 2020, 03:57 PM)
can broker accept deposit , if my first name become last name
and my last name become first name.

the broker set up my name terbalik, eg. ali baba become baba ali.
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Can, my name (Chinese name) in broker transfer instruction is <first name> <last/family name> but the bank account I transfer from is <last/family name> <first name>.
FishIsSmart
post May 23 2020, 04:58 PM

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oh same case as me , is your broker IB ?

i open broker with another broker ( not IB ) but my name terbalik. ARRGGG !!!!@!!!!

GregPG01
post May 23 2020, 11:48 PM

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QUOTE(moosset @ May 22 2020, 12:06 PM)
1) YES!!

2) US. The bank account is in the US. His address is in the UK.
It's like you've a bank account in Singapore, but your address is in M'sia. So when ppl send you money, do they send to M'sia? No.... because the bank account is in S'pore.  laugh.gif
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I am interested to open an account and fund it. From the screenshot only have the routing number and swift code, how would they know it from me and not other customer?
GregPG01
post May 23 2020, 11:49 PM

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QUOTE(Watta?? @ May 22 2020, 11:42 AM)
Hi guys, need a little help with initial funding of my account to get it activated.
1) Is it a must for initial funding to be a minimum of USD1,000 to get it activated? or any small amount will do?
2) Do i wire the funds to New York or London? kinda confusing as they asked to wire to new york, but bank address given is in London

user posted image
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I am interested to open an account and fund it. From the screenshot only have the routing number and swift code, how would they know it from me and not other customer?

roarus
post May 24 2020, 12:42 AM

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QUOTE(GregPG01 @ May 23 2020, 11:49 PM)
I am interested to open an account and fund it. From the screenshot only have the routing number and swift code, how would they know it from me and not other customer?
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There's more not shown in the screenshot (understandably since there's private info), the section below it has:
i. Bank Account Number - this is a virtual account number to transfer to unique for each of their customer
ii. Payment Reference/For Further Credit to - brokerage account code + your name for you to fill in your bank transfer transaction reference box

This post has been edited by roarus: May 24 2020, 12:42 AM
Doublebond
post May 25 2020, 05:27 PM

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Hi all,
Just created new IB account through TSG, and currently I'm stuck at this step.

Q1: Lets say I'd like to fund USD 1k into the account using Instarem, which options should I go for? (Direct to IB, dont have Sg account)

Q2: "Please select the currency in which you would like to make a deposit"
Either SGD or EUR or HKD is fine right as long as it is not deposited in USD ?

user posted image

This post has been edited by Doublebond: May 25 2020, 05:29 PM
TSmoosset
post May 25 2020, 08:00 PM

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QUOTE(Doublebond @ May 25 2020, 05:27 PM)
Hi all,
Just created new IB account through TSG, and currently I'm stuck at this step.

Q1: Lets say I'd like to fund USD 1k into the account using Instarem, which options should I go for? (Direct to IB, dont have Sg account)

Q2: "Please select the currency in which you would like to make a deposit"
      Either SGD or EUR or HKD is fine right as long as it is not deposited in USD ?

user posted image
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1. Bank wire .... or any other cheap method.
You understand what "transfer securities" mean right?

2. any is fine.
Ramjade
post May 25 2020, 09:19 PM

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QUOTE(Doublebond @ May 25 2020, 05:27 PM)
Hi all,
Just created new IB account through TSG, and currently I'm stuck at this step.

Q1: Lets say I'd like to fund USD 1k into the account using Instarem, which options should I go for? (Direct to IB, dont have Sg account)

Q2: "Please select the currency in which you would like to make a deposit"
      Either SGD or EUR or HKD is fine right as long as it is not deposited in USD ?

user posted image
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Any is fine. Just use xe.com and check the currency in foreign currency in terms of USD. Make sure to send extra usd50-100 for insurance.
oks911
post May 25 2020, 10:03 PM

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hi sifu, I just realized my account is registered under "au" portal.
Is that normal?

https://www.interactivebrokers.com.au
Ramjade
post May 26 2020, 12:25 AM

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QUOTE(oks911 @ May 25 2020, 10:03 PM)
hi sifu, I just realized my account is registered under "au" portal.
Is that normal?

https://www.interactivebrokers.com.au
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Yes normal. IB will send you to the nearest server from your IP address.
FishIsSmart
post May 26 2020, 12:47 AM

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There is another broker , Tiger securities, also using IB.
wonder how is their software.
how is TSG software compared to IB ?
most people use the workstation software of the mobile ?
tadashi987
post May 26 2020, 01:07 AM

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QUOTE(FishIsSmart @ May 26 2020, 12:47 AM)
There is another broker , Tiger securities, also using IB.
wonder how is their software.
how is TSG software compared to IB ?
most people use the workstation software of the mobile ?
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you can read through the user experience here smile.gif
Tiger Broker Singapore - New firm?

zenquix
post May 26 2020, 01:52 AM

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QUOTE(FishIsSmart @ May 26 2020, 12:47 AM)
There is another broker , Tiger securities, also using IB.
wonder how is their software.
how is TSG software compared to IB ?
most people use the workstation software of the mobile ?
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from little info available - IBKR is an investor. they are not using IB platform
Raymond_ACCA
post May 26 2020, 01:00 PM

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QUOTE(moosset @ May 22 2020, 04:33 PM)
Yes they did, for receiving incoming telegraphic transfer! I wrote on the first post already.... the fee is about USD$25.
Sorry for your loss but I'm happy to be correct.  brows.gif

In Krv23490 case, it's a local bank transfer.
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Oh btw is the USD25 deposit fee apply to TSG too?
TSmoosset
post May 26 2020, 02:26 PM

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QUOTE(Raymond_ACCA @ May 26 2020, 01:00 PM)
Oh btw is the USD25 deposit fee apply to TSG too?
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This fee is charged by the recipient banks, not TSG or IBKR.

TSG & IBKR both have the same bank acc, so I guess yes. However, I've read somewhere that some ppl can transfer without this fee, so I guess it depends on your bank's relationship with IBKR's bank.
dwRK
post May 26 2020, 03:06 PM

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bank A to bank B (ibkr) - no fees

bank A to bank C to bank B - pay intermediary bank C fees
jay2you
post May 26 2020, 07:40 PM

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Can believe I read every post within 2 days! Can't wait till my account get ready.
jay2you
post May 26 2020, 09:48 PM

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QUOTE(moosset @ Mar 22 2020, 11:04 PM)
if you use bigpay, move your money via bigpay to your SG bank account, then transfer to IBKR.

payment option?? There's no option. Try to google on how to make deposit to IBKR. There should be information there.
I think it should technically work but we won't get any answers unless somebody tries it.
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Just to clarify for bigpay, need go through sg bank first only to ibkr? Or can straight bigpay to ibkr?

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