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Interactive Brokers (IBKR), IBKR users, welcome!
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tadashi987
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 Jun 24 2020, 11:48 AM
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QUOTE(C4H10FO2P @ Jun 24 2020, 11:06 AM) thanks to this resourceful thread, i have open another broker for more stock options, i have etoro for the bluechips just to share my experience, i've opened IB thru TSG, and got verified in a week, then deposited the funds via instarem. i transferred via m2u at 7am and the funds got thru to IB at 10am same day, super fast! .. and best of all the fee is super low (rm10).. there is a guide written in medium blog that detailed every step, props to the author. mind share the medium blog? |
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barronsama P
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Jun 24 2020, 01:32 PM
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New Member
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Do we need to fill out W-8BEN form? What is the better ETF to invest in S&P 500 than QQQ as it has 30% tax rate?
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tadashi987
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Jun 24 2020, 03:59 PM
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QUOTE(barronsama @ Jun 24 2020, 01:32 PM) Do we need to fill out W-8BEN form? What is the better ETF to invest in S&P 500 than QQQ as it has 30% tax rate? QQQ is not tracking S&P 500, I think u mistaken SPY is the ETF track S&P 500 QQQ is the ETF track NASDAQ 100 |
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barronsama P
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Jun 24 2020, 05:08 PM
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New Member
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QUOTE(tadashi987 @ Jun 24 2020, 03:59 PM) QQQ is not tracking S&P 500, I think u mistaken SPY is the ETF track S&P 500 QQQ is the ETF track NASDAQ 100 My bad. Meant to say SPY.  |
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tadashi987
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Jun 24 2020, 05:11 PM
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QUOTE(barronsama @ Jun 24 2020, 05:08 PM) My bad. Meant to say SPY. yes u need to fill the W-8BEN form to declare you are not US resident so to exempt urself from capital gain tax. also, S&P 500 for Ireland domiciled to opt for 15% WTH is SXR8, check below post https://forum.lowyat.net/topic/4744515 |
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Gwynbleidd
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Jun 24 2020, 06:09 PM
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Getting Started
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QUOTE(tadashi987 @ Jun 24 2020, 05:11 PM) yes u need to fill the W-8BEN form to declare you are not US resident so to exempt urself from capital gain tax. Even if I don't invest in anthing on NYSE or in US-domiciled stuff/stocks? This post has been edited by Gwynbleidd: Jun 24 2020, 06:14 PM |
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tadashi987
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Jun 24 2020, 06:25 PM
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QUOTE(Gwynbleidd @ Jun 24 2020, 06:09 PM) Even if I don't invest in anthing on NYSE or in US-domiciled stuff/stocks? seem not https://www.reddit.com/r/eupersonalfinance/...eed_an_w8_form/ |
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dwRK
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Jun 24 2020, 09:27 PM
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QUOTE(Gwynbleidd @ Jun 24 2020, 06:09 PM) Even if I don't invest in anthing on NYSE or in US-domiciled stuff/stocks? imho...just do it in case 10 yrs later you buy a bunch of dividend paying us stocks and gets in trouble forgot you need to file w8ben |
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kucingfight
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Jun 24 2020, 09:51 PM
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Look at all my stars!!
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QUOTE(C4H10FO2P @ Jun 24 2020, 11:06 AM) thanks to this resourceful thread, i have open another broker for more stock options, i have etoro for the bluechips just to share my experience, i've opened IB thru TSG, and got verified in a week, then deposited the funds via instarem. i transferred via m2u at 7am and the funds got thru to IB at 10am same day, super fast! .. and best of all the fee is super low (rm10).. there is a guide written in medium blog that detailed every step, props to the author. Golden question from here. Can u trade fractional shares? |
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tadashi987
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Jun 24 2020, 10:00 PM
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QUOTE(livellorT @ Jun 24 2020, 09:54 PM) During account opening there is a page where to "Confirm Your Tax Residence" Substitute Form W-8BEN. These consider the W-8BEN? forgotten about account opening but u can recheck through your IBKR account maintenance section after account opened |
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Chanching P
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Jun 26 2020, 10:14 AM
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New Member
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Hi I keep getting this pop up saying I dont have "trading permisson" when trying to convert SGD to USD on TWS . Any help anyone?
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staind
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Jun 26 2020, 10:20 AM
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QUOTE(Chanching @ Jun 26 2020, 10:14 AM) Hi I keep getting this pop up saying I dont have "trading permisson" when trying to convert SGD to USD on TWS . Any help anyone? Go to your account management > trading permission > apply currency converting (global). They usually will approve within few hours. |
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PrincZe
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Jun 26 2020, 01:58 PM
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what is the minimum shares we can buy? is it 100?
cause we cant buy fracitonal shares
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heyamazingpeople
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Jun 26 2020, 02:09 PM
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QUOTE(PrincZe @ Jun 26 2020, 01:58 PM) what is the minimum shares we can buy? is it 100? cause we cant buy fracitonal shares that is something to do with the exchange. If HKEX, it is like Msia Bursa or SGX, need min. 1 lot or 100 shares. US stock can buy just 1 share. |
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PrincZe
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Jun 26 2020, 02:12 PM
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QUOTE(heyamazingpeople @ Jun 26 2020, 02:09 PM) that is something to do with the exchange. If HKEX, it is like Msia Bursa or SGX, need min. 1 lot or 100 shares. US stock can buy just 1 share. i tried to buy US shares of 63, said cannot. need enable fractional shares. raised a ticket with support, said we are not eligible  |
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kucingfight
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Jun 26 2020, 02:33 PM
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Look at all my stars!!
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so i guess for now, low cost + fractional option = trading 212, which is backed by IBKR..
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heyamazingpeople
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Jun 26 2020, 02:37 PM
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QUOTE(PrincZe @ Jun 26 2020, 02:12 PM) i tried to buy US shares of 63, said cannot. need enable fractional shares. raised a ticket with support, said we are not eligible what stock is that? then imagine there is a min. qty for BRK.A.. So far no issue for me. |
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TSmoosset
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Jun 26 2020, 08:40 PM
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QUOTE(PrincZe @ Jun 26 2020, 02:12 PM) i tried to buy US shares of 63, said cannot. need enable fractional shares. raised a ticket with support, said we are not eligible if it says like that, that means you're trying to trade fractional shares but you didn't get the permission yet. it has nothing to do with minimum order. If min order, there'll be another kind of warning / notification. |
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Yggdrasil
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Jun 27 2020, 12:26 AM
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QUOTE(heyamazingpeople @ Jun 26 2020, 02:37 PM) what stock is that? then imagine there is a min. qty for BRK.A.. So far no issue for me. Well, if you want to buy Berkshire, there's the cheaper class B option. |
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hydra.my
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Jun 27 2020, 12:10 PM
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New Member
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QUOTE(C4H10FO2P @ Jun 27 2020, 07:23 AM) anyone tried changing trading permission? its says i need 2FA enabled, but i already did is 2 FA = login from browser + authenticate with phone right? Yep, that is what I understand. 2FA = 2 Factor Authentication. First factor via login password, second factor via code/OTP sent to phone Also, what do u mean by 'changing trading permission'? What is your objective actually? Maybe that can help other forumers assist you better  Probs send an email to support to ask about this issue too. |
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