Just register through TSG, at the final status step shown that they will process the funded account first.

And if I'm transferring through CIMB SG in SGD, will they process it although in SGD instead of USD?

Actually now whitelabels can buy fractional shares. Just tested using IB.

Noted, quite confusing.

At FAQ, stated wait for account approved only fund the deposit. Where else at the final status page stated they will process the funded account first.

I cant seem to find the permissions though in my account settings

Example. They want say USD5K.
So you need to deposit in  SGD6,983.16 = USD5K.
But because Forex rate always change your SGD6,983.16 maybe worth only USD4950.

So to make up for it just deposit in SGD7,123.63 =USD5,100
The extra USD100 is your margin of safety if it drops Beow USD5k
You don't need permission. Open up client portal/mobile.

TSG available for fractional as well? As yesterday I tried can't fill with decimal in the unit.

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.

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 .... not very smart!

Yes, understood the extra margin for the deposit.

Just that the funding step confusing, whether to wait for their approval then only fund or can straight away fund it. But anyway I have transfer the money and hope everything in order.

Oh yea, Ramjade.

The thing is I received the call from TSG after the registration (quite efficient I would say) from Germany number asking me about the document for verification. Problem is the lady cant really understand English well. Yet I still send them those document to IBKR. Can I ask you should we deal with IBKR US or IBKR Aussie? My login platform to see the status is .au, nevertheless I still email those document to US and Aussie side. Then came the second call from the same lady asking on the required document, so I re-forward the email to TSG instead.

I fund on the same day I opened an account. Best to Fund it early do that account can be activated fast.

Normal. They will call. last time they call from UK. Doesn't matter about location. IB will route you to the nearest location.

Yeap! same, however i missed the call as i was sceptical of a scam call. Missed the call and they followed up with an email instead.

Probably some rules that I missed but perhaps anyone can shed light on this.

Currently I have 470 EUR cash balance. But I am only able to purchase 370 worth of ETFs. Trying to buy 470 worth gives an error that I need 576 in cash. Does that mean IBKR enforces a minimum cash balance OR have a margin on top of the amount of stock being purchased?

Was doing a BUY limit order.

No, I don't think so.

Do you have other active orders? Or orders that you've cancelled but still pending?
Did you transfer money / exchange currency in recently? Did you sell your stocks recently?
Have you included the commission into your estimation?

Hi, im considering opening account in Interactive Brokers.
if i would like to trade HK stock, i need to deposit SGD into IB --> USD --> HKD right?
can anyone provide me some insight on the currency exchange rate? says today 5th June 2020
i would like to compare the currency exchange rate to that of local brokerage.

Hi, im considering opening account in Interactive Brokers.
if i would like to trade HK stock, i need to deposit SGD into IB --> USD --> HKD right?
can anyone provide me some insight on the currency exchange rate? says today 5th June 2020
i would like to compare the currency exchange rate to that of local brokerage.

Can straight deposit HKD.

i think i will go for SGD, since my cimb is giving me quite good rate from myr--> sgd

Is not fear. Is facts. Yup fees is OK but it's the rate bank gives which is the main killer. How much they markup.

it is call spread not markup (higher spread means more profit for bank).....very easy to calculate just take the buy rate minus sell rate total divided by sell rate that's how much the bank make when you exchange back and forth. (must calculate same day because rate changes everyday) usually it's o.xxx % so if you get higher than that then you can prove that you are right. you can make wrong assumption if you are merely guessing. i'm also interested to know. TIA