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 Interactive Brokers (IBKR), IBKR users, welcome!

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Deathz P
post Jun 29 2020, 07:16 PM

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only deposit via maybank with charges?
livina2011
post Jun 29 2020, 08:34 PM

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QUOTE(Chanching @ Jun 29 2020, 03:35 PM)
I placed order around 11 am today.
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11am in malaysia is 11pm in the US biggrin.gif you need to know what you are buying frankly. simple indicator like historical price, PE, Sector, Is it high or low risk, etc.....You might over pay for your stocks and left holding the bag when music stops and left with no chair biggrin.gif
Gwynbleidd
post Jun 29 2020, 09:03 PM

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Anyone tried using the order wheel on IBKR Mobile? Mine seems to be not functioning. The orders are not submitted at all.
Ramjade
post Jun 30 2020, 12:03 AM

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QUOTE(Deathz @ Jun 29 2020, 07:16 PM)
only deposit via maybank with charges?
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Of course.
TT charges + any additional fees (if there are intermediate banks involved) + slightly markup exchange rate.

More info login to Maybank 2y initiate a transfer you will see amount of RM you need say USD5k.

After that compare with instarem/mineymatch/bigpay.
belialjo
post Jun 30 2020, 05:17 PM

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QUOTE(Ramjade @ May 14 2020, 11:03 PM)
Because maybank not cheap if compare with Cimb
2ndly maybank got charges while Cimb is free.

This is only applicable for Cimb SG only not Cimb My.
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Hi, i'm newbie to this. Based on info I read from the thread, it is recommended to go with CIMB SG than Maybank SG. Appreciate if you can share what charges/fee Maybank has that CIMB don't. I currently do not have a CIMB MY account, so need to open one 1st before applying for CIMB SG account rite?
I am considering Maybank coz i called RM and he said just fill up form and some documentation will do, so its more convinient.
Ramjade
post Jun 30 2020, 07:45 PM

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QUOTE(belialjo @ Jun 30 2020, 05:17 PM)
Hi, i'm newbie to this. Based on info I read from the thread, it is recommended to go with CIMB SG than Maybank SG. Appreciate if you can share what charges/fee Maybank has that CIMB don't. I currently do not have a CIMB MY account, so need to open one 1st before applying for CIMB SG account rite?
I am considering Maybank coz i called RM and he said just fill up form and some documentation will do, so its more convinient.
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CIMB sg TT rates for transfering back SGD from sg to my is very good. Almost money changer rates.

More info about Maybank sg fees see here.
https://www.maybank2u.com.sg/en/bank-charge...remittance.page?
https://www.maybank2u.com.sg/en/bank-charge...remittance.page?

On top of the fees mentioned above exchange rate is markup slightly for SGD-> RM (when you compare against CIMB)
wkchia
post Jun 30 2020, 11:52 PM

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I have an IBrk pro account but now i wish to switch to Lite account. But i know Lite is only for US residence.
Can I link my ibrk acc to a new TSG account so that i enjoy the 0 inactivity fee?
dwRK
post Jul 1 2020, 12:06 AM

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QUOTE(wkchia @ Jun 30 2020, 11:52 PM)
I have an IBrk pro account but now i wish to switch to Lite account. But i know Lite is only for US residence.
Can I link my ibrk acc to a new TSG account so that i enjoy the 0 inactivity fee?
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must transfer.

if dormant pro still got fees...then close
wkchia
post Jul 1 2020, 07:24 PM

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QUOTE(dwRK @ Jul 1 2020, 12:06 AM)
must transfer.

if dormant pro still got fees...then close
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The support team told me only Ibrk UK able to be transfered to TSG. Those with Ibrk sg, au, or US are not able to do so.
Now im back to thinkorswim. Lazy to go and open a new TSG again.
TSmoosset
post Jul 1 2020, 09:12 PM

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QUOTE(wkchia @ Jul 1 2020, 07:24 PM)
The support team told me only Ibrk UK able to be transfered to TSG. Those with Ibrk sg, au, or US are not able to do so.
Now im back to thinkorswim. Lazy to go and open a new TSG again.
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which IBKR are you with?

check under reports.
singkalan P
post Jul 1 2020, 10:42 PM

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Just want to let newbies like me know seems like don't need to fund the account for it to be approved. I've seen some people say need funding but maybe IB changed the rules.

My process:
1) Apply to create account on Sunday, I use IC for identification and drivers license for proof of address, both also uploaded using their mobile scanner.
2) Tuesday approved, 0$ funding so obviously can't trade

Now I want to fund the account but can't find the convert currency option, only have in mobile app. Don't want to download their software cause mafan and using Mac lol tongue.gif
I read all the post and also saw someone ask where is the currency conversion but not sure which page is the post already, any sifu here know if their web portal have currency convert option? (ps: I know can use mobile but just asking)
wkchia
post Jul 1 2020, 10:46 PM

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QUOTE(moosset @ Jul 1 2020, 09:12 PM)
which IBKR are you with?

check under reports.
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Ibrk australia
Ramjade
post Jul 1 2020, 11:26 PM

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QUOTE(singkalan @ Jul 1 2020, 10:42 PM)
Just want to let newbies like me know seems like don't need to fund the account for it to be approved. I've seen some people say need funding but maybe IB changed the rules.

My process:
1) Apply to create account on Sunday, I use IC for identification and drivers license for proof of address, both also uploaded using their mobile scanner.
2) Tuesday approved, 0$ funding so obviously can't trade

Now I want to fund the account but can't find the convert currency option, only have in mobile app. Don't want to download their software cause mafan and using Mac lol  tongue.gif
I read all the post and also saw someone ask where is the currency conversion but not sure which page is the post already, any sifu here know if their web portal have currency convert option? (ps: I know can use mobile but just asking)
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Keep in mind they have grace period. After certain time if still don't fund, will start charging.
wkchia
post Jul 1 2020, 11:47 PM

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QUOTE(Ramjade @ Jul 1 2020, 11:26 PM)
Keep in mind they have grace period. After certain time if still don't fund, will start charging.
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The minimum fund is 1k US$?


This post has been edited by wkchia: Jul 1 2020, 11:47 PM
dwRK
post Jul 1 2020, 11:52 PM

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QUOTE(wkchia @ Jul 1 2020, 07:24 PM)
The support team told me only Ibrk UK able to be transfered to TSG. Those with Ibrk sg, au, or US are not able to do so.
Now im back to thinkorswim. Lazy to go and open a new TSG again.
*
sure can. your assets afterall...

easy way is CS do it for you...but sounds like they don't want to

long way is create withdrawal in pro and deposit in tsg... then let them handle it...lol

anyways sounds like you don't have assets there yet...so no worries lor. but yeah need to open new account at tsg.

This post has been edited by dwRK: Jul 1 2020, 11:53 PM
dwRK
post Jul 1 2020, 11:55 PM

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QUOTE(Ramjade @ Jul 1 2020, 11:26 PM)
Keep in mind they have grace period. After certain time if still don't fund, will start charging.
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if not funded...they suspend...

they can't charge and deduct from zero account
Ramjade
post Jul 2 2020, 09:07 AM

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QUOTE(wkchia @ Jul 1 2020, 11:47 PM)
The minimum fund is 1k US$?
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Usd10k either cash or stocks

QUOTE(dwRK @ Jul 1 2020, 11:55 PM)
if not funded...they suspend...

they can't charge and deduct from zero account
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I think they do something. Forgot already what.
wkchia
post Jul 2 2020, 11:58 AM

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QUOTE(dwRK @ Jul 1 2020, 11:52 PM)
sure can. your assets afterall...

easy way is CS do it for you...but sounds like they don't want to

long way is create withdrawal in pro and deposit in tsg... then let them handle it...lol

anyways sounds like you don't have assets there yet...so no worries lor. but yeah need to open new account at tsg.
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Yeah, too much hassles, anyway TOS also not too expensive and i normally do few trades per year.
singkalan P
post Jul 2 2020, 09:56 PM

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QUOTE(Ramjade @ Jul 2 2020, 09:07 AM)
Usd10k either cash or stocks
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I think they removed the minimum funding already. Based on this article
Ivan113
post Jul 3 2020, 11:16 AM

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Stupid question here,

So much hassle in opening an account and transfer fund for IBKR, why not just use eToro? Not endorsing eToro here, but as noob, can someone let me know what are the pros in IBKR over eToro? Better security? Guarantee funds?

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