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 Interactive Brokers (IBKR), IBKR users, welcome!

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Krv23490
post Jun 2 2020, 05:09 PM

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QUOTE(Yggdrasil @ Oct 28 2019, 02:40 AM)
Does anyone know whether Tradestation and IBKR allow people to buy 1 unit of US stock? Usually its 100 units right?

I wanted to build a portfolio of FAANMG stocks but some are so expensive that I can only afford 1 unit.  sad.gif
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US is 1 unit for 1 stock. IINM pure IB can even buy fractional shares. But if open via whitelabel then can’t
jay2you
post Jun 2 2020, 05:36 PM

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Im sending HKD to IBKR using InstaReM FPX method, for "account number(with branch code)" is't just add the 3 digit branch code behind acccount number? Eg: 123456789XXX?
Ramjade
post Jun 2 2020, 07:01 PM

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QUOTE(Krv23490 @ Jun 2 2020, 05:09 PM)
US is 1 unit for 1 stock. IINM pure IB can even buy fractional shares. But if open via whitelabel then can’t
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Actually now whitelabels can buy fractional shares. Just tested using IB.
TSmoosset
post Jun 2 2020, 07:09 PM

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QUOTE(jay2you @ Jun 2 2020, 05:36 PM)
Im sending HKD to IBKR using InstaReM FPX method, for "account number(with branch code)" is't just add the 3 digit branch code behind acccount number? Eg: 123456789XXX?
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you mean in InstaRem?
what's the account number? I can check with my previous transfer.

jay2you
post Jun 2 2020, 08:48 PM

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QUOTE(moosset @ Jun 2 2020, 07:09 PM)
you mean in InstaRem?
what's the account number? I can check with my previous transfer.
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yaya I mean in InstaRem when filling recipient info, the "bank account number" and (bank code) behind. Should i just add the 3 digit bank code behind when filling account number.


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TSmoosset
post Jun 2 2020, 09:02 PM

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QUOTE(jay2you @ Jun 2 2020, 08:48 PM)
yaya I mean in InstaRem when filling recipient info, the "bank account number" and (bank code) behind. Should i just add the 3 digit bank code behind when filling account number.
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I've never thought of this in my last transfer. I just use the number given by IBKR.

Bank code is not branch code! I think branch code is already included in the bank account number given by IBKR. You worry too much. tongue.gif

This post has been edited by moosset: Jun 2 2020, 09:03 PM
jay2you
post Jun 2 2020, 09:10 PM

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QUOTE(moosset @ Jun 2 2020, 09:02 PM)
I've never thought of this in my last transfer. I just use the number given by IBKR.

Bank code is not branch code! I think branch code is already included in the bank account number given by IBKR. You worry too much. tongue.gif
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Sorry my mistake, i mean add branch code behind account number.


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TSmoosset
post Jun 2 2020, 09:20 PM

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QUOTE(jay2you @ Jun 2 2020, 09:10 PM)
Sorry my mistake, i mean add branch code behind account number.
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add 391 in front of the bank acc number.
SUSMNet
post Jun 2 2020, 09:24 PM

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For the TSG Global, the min commisen is $1.5.
On top of that, we also need to pay for exchange fee as show below?
https://www.tradestation-international.com/.../exchange-fees/
jay2you
post Jun 2 2020, 09:27 PM

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QUOTE(moosset @ Jun 2 2020, 09:20 PM)
add 391 in front of the bank acc number.
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ok thanks!
Syncing
post Jun 2 2020, 11:13 PM

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QUOTE(moosset @ Jun 2 2020, 02:27 AM)
Why you should get Transferwise?

Transferwise is a Fintech (financial technology) company that offers cheap cross-border money transfer, like InstaRem, MoneyMatch, Revolut etc. In addition to highly competitive exchange rates (at the moment, it has the best rate among these fintech companies), ITS MAIN SELLING POINT is that, it provides you with virtual bank account details - they call it the Borderless account.

With Borderless accounts, you have your own bank account details for USD, GBP, EUR, AUD, PLN, SGD and NZD. You can use these account details to accept payment from third parties. For example, I can give my GBP account details to someone in the UK to pay me in GBP, or my SGD account details to someone in SG to pay me in SGD.

To sign up for TW: FREE (you can PM me for a referral code)
Accept payment via Borderless account: FREE

» Click to show Spoiler - click again to hide... «


I can assure you, TW offers very competitive rates. 
At the point of writing, €1,000 gives RM 4774.65.
versus InstaRem, €1,000 gives 4763.94.
What about banks?? Hmm, I'm not sure but .... good luck!  laugh.gif
Debit mastercard: FREE (only for those residing overseas). Perfect for when you're travelling abroad!

» Click to show Spoiler - click again to hide... «

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However, TW Borderless account is not available at the moment for Malaysia? I just checked and its still not available. I guess whoever who opened their TW Borderless account before they removed it can still use it.

TSmoosset
post Jun 3 2020, 12:23 AM

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QUOTE(Syncing @ Jun 2 2020, 11:13 PM)
However, TW Borderless account is not available at the moment for Malaysia? I just checked and its still not available. I guess whoever who opened their TW Borderless account before they removed it can still use it.
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Oh yes. You're right! Too bad. sad.gif

They have changed their mind again but this time, only new users in Thailand; new users in Malaysia excluded.

.......have decided to no longer close borderless for new or existing users in Thailand, or for existing users in Malaysia.

Reference for others:
https://forum.lowyat.net/topic/4953197

This post has been edited by moosset: Jun 3 2020, 12:27 AM
ProxMatoR
post Jun 3 2020, 12:46 AM

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QUOTE(lecutus @ May 14 2020, 06:01 PM)
Good news - it looks like Transferwise have changed their minds about closing their Borderless Accounts for Malaysians. Just received an email today my Borderless Account will remain open.

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QUOTE(Syncing @ Jun 2 2020, 11:13 PM)
However, TW Borderless account is not available at the moment for Malaysia? I just checked and its still not available. I guess whoever who opened their TW Borderless account before they removed it can still use it.
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QUOTE(moosset @ Jun 3 2020, 12:23 AM)
Oh yes. You're right! Too bad.  sad.gif

They have changed their mind again but this time, only new users in Thailand; new users in Malaysia excluded.

.......have decided to no longer close borderless for new or existing users in Thailand, or for existing users in Malaysia.

Reference for others:
https://forum.lowyat.net/topic/4953197
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did i miss out something? confused.gif confused.gif

another u-turn again?
zenquix
post Jun 3 2020, 01:55 AM

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QUOTE(MNet @ Jun 2 2020, 09:24 PM)
For the TSG Global, the min commisen is $1.5.
On top of that, we also need to pay for exchange fee as show below?
https://www.tradestation-international.com/.../exchange-fees/
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exchange fees every broker will charge

QUOTE(dwRK @ Jun 2 2020, 04:59 PM)
he gonna send eur back to ibkr...no spread involved...lol
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ah i thought even act of sending same currency will incur a charge

This post has been edited by zenquix: Jun 3 2020, 01:56 AM
TSmoosset
post Jun 3 2020, 01:59 AM

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QUOTE(ProxMatoR @ Jun 3 2020, 12:46 AM)
did i miss out something? confused.gif  confused.gif

another u-turn again?
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I think the final u-turn is, if you're an existing TW user, you can have borderless account. If you're a new TW user from M'sia, then no. sad.gif

That's why I always advocate open as many accounts as possible - InstaRem, TW, MoneyMatch, Revolut, CIMB SG, MBB SG, BigPay, TnG, whatever, just open all - as policy like this can change anytime. I read in another thread that one user wanted to close his bank account in HK and I was like, hmmm .... shakehead.gif not very smart!
TSmoosset
post Jun 3 2020, 02:02 AM

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QUOTE(zenquix @ Jun 3 2020, 01:55 AM)
ah i thought even act of sending same currency will incur a charge
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yes, €0.63 from TW (€) to IBKR (€).

I just needed some € in my TW debit card to activate a payment system so I gave it a go.
solstice818
post Jun 3 2020, 08:08 AM

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QUOTE(moosset @ Jun 3 2020, 02:02 AM)
yes, €0.63 from TW (€) to IBKR (€).

I just needed some € in my TW debit card to activate a payment system so I gave it a go.
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Can we get the card? thought our country not supported?
encikbuta
post Jun 3 2020, 08:58 AM

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-deleted-

found my answer from about 10 posts back.

This post has been edited by encikbuta: Jun 3 2020, 09:05 AM
TSmoosset
post Jun 3 2020, 09:44 AM

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QUOTE(solstice818 @ Jun 3 2020, 08:08 AM)
Can we get the card? thought our country not supported?
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Nope, not yet. sad.gif

only for overseas residents like SG, Australia, etc.

This post has been edited by moosset: Jun 3 2020, 09:45 AM
solstice818
post Jun 3 2020, 09:48 AM

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QUOTE(moosset @ Jun 3 2020, 09:44 AM)
Nope, not yet. sad.gif

only for overseas residents like SG, Australia, etc.
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I see. Thanks. Sad case.

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