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Interactive Brokers (IBKR), IBKR users, welcome!
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normanTE
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Jul 16 2020, 11:59 PM
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Getting Started

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i tried to make an order today as the account just funded. per trade is usd 0.99 so ramjade it is easily 10 usd per month la. mana ada susah. their trading webpage is lowsy lo. compare with think and swim or tradestation. but we are here for 1 usd pertrade. nothing to complain. their business model is like airasia. you want to add additional service just add $$$ This post has been edited by normanTE: Jul 17 2020, 12:15 AM Attached thumbnail(s)
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zenquix
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Jul 17 2020, 08:44 AM
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QUOTE(normanTE @ Jul 16 2020, 11:59 PM) i tried to make an order today as the account just funded. per trade is usd 0.99 so ramjade it is easily 10 usd per month la. mana ada susah. if you are holding / transferring usd 100k portfolio, don't worry abt the usd10 as it is waived. also depending on your trade style do check whether u are on tiered or fixed commission. For most, tiered is cheaper. assuming you are on ibkr and not whitelabels
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lamode
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Jul 17 2020, 09:28 AM
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QUOTE(Chanching @ Jul 14 2020, 07:40 PM) Guys how do we go about withdrawing funds from IB to CIMB? Do I need to convert back USD to SGD then transfer to CIMB Sg? Or do I just withdraw straight in USD without currency exchange to CIMB SG? Also, can withdraw directly into CIMB MY? How do I go abt this , someone help😅 assuming ur CIMB SG is in SGD. use IB to convert back to SGD at spot rate first, then do SG local giro transfer to ur CIMB SG, else u lose kaw kaw to bank's exchange rate. If u want directly back to CIMB MY, then just withdraw USD by Wire transfer.
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zenquix
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Jul 17 2020, 10:44 AM
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QUOTE(lamode @ Jul 17 2020, 09:28 AM) assuming ur CIMB SG is in SGD. use IB to convert back to SGD at spot rate first, then do SG local giro transfer to ur CIMB SG, else u lose kaw kaw to bank's exchange rate. If u want directly back to CIMB MY, then just withdraw USD by Wire transfer. no.. CIMB SG has very good rates for SGD > MYR provided it is to your own linked CIMB MY account. So - use IB to convert back to SGD at spot rate first, - do SG fund withdrawal to ur CIMB SG - do SGD > MYR transfer using CIMB Clicks SG from your CIMB SG to your CIMB MY
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lamode
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Jul 17 2020, 10:49 AM
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QUOTE(zenquix @ Jul 17 2020, 10:44 AM) no.. CIMB SG has very good rates for SGD > MYR provided it is to your own linked CIMB MY account. So - use IB to convert back to SGD at spot rate first, - do SG fund withdrawal to ur CIMB SG - do SGD > MYR transfer using CIMB Clicks SG from your CIMB SG to your CIMB MY they are good until FINTECH like Instarem comes into pic.
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normanTE
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Jul 17 2020, 10:57 AM
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Getting Started

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wondering why transferwise rate is always slightly better then instarem. any catch? now rm 1000= 18048 in instarem rm 1000 -=18059 hkd in transferwise.com
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normanTE
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Jul 17 2020, 10:58 AM
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Getting Started

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QUOTE(zenquix @ Jul 17 2020, 08:44 AM) if you are holding / transferring usd 100k portfolio, don't worry abt the usd10 as it is waived. also depending on your trade style do check whether u are on tiered or fixed commission. For most, tiered is cheaper. assuming you are on ibkr and not whitelabels is there anyway i can transfer change it to tiered price. i trade alot hkse if pertrade 17hkd minimal that alrd 5 usd round trip
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zenquix
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Jul 17 2020, 11:43 AM
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QUOTE(lamode @ Jul 17 2020, 10:49 AM) they are good until FINTECH like Instarem comes into pic. have not compared but CIMB SG / Fintech should be better than your original TT USD back to Malaysia advice
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zenquix
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Jul 17 2020, 11:44 AM
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QUOTE(normanTE @ Jul 17 2020, 10:58 AM) is there anyway i can transfer change it to tiered price. i trade alot hkse if pertrade 17hkd minimal that alrd 5 usd round trip you can change commission type under account / profile mgmt iirc.
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lamode
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Jul 17 2020, 12:36 PM
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QUOTE(zenquix @ Jul 17 2020, 11:43 AM) have not compared but CIMB SG / Fintech should be better than your original TT USD back to Malaysia advice yes, maybe i didn't make it clear enough. then moment kena bank's exchange rate = enjoy the pain
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normanTE
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Jul 17 2020, 06:20 PM
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Getting Started

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Honestly I don't understand why anyone want to send it back to Malaysia
there is so much of limitation here. ONLINE DAILY transfer limit 10,000 rm to 30,000 depend on your setting. sg is 30,000 to 50,000 per day. hk is 3 million hkd per day. usa is 100,000 usd perday.
correct me if i am wrong.
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dwRK
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Jul 17 2020, 09:22 PM
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QUOTE(normanTE @ Jul 17 2020, 06:20 PM) Honestly I don't understand why anyone want to send it back to Malaysia there is so much of limitation here. ONLINE DAILY transfer limit 10,000 rm to 30,000 depend on your setting. sg is 30,000 to 50,000 per day. hk is 3 million hkd per day. usa is 100,000 usd perday. correct me if i am wrong. I need spending money...
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dwRK
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Jul 17 2020, 09:31 PM
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QUOTE(normanTE @ Jul 17 2020, 10:57 AM) wondering why transferwise rate is always slightly better then instarem. any catch? now rm 1000= 18048 in instarem rm 1000 -=18059 hkd in transferwise.com profit margins, fx exposure, etc. no catch. tw used to be always worse...lol
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zenquix
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Jul 17 2020, 09:36 PM
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note.. CIMB Sg > CIMB My rates are only good during working hours on both sides .. so don't transfer on weekends / SG+MY public holidays
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echoesian
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Jul 17 2020, 11:59 PM
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Trading212 is so cool, the user interface is very user friendly and modern. I wonder if 0$ commission, 0 fees, how they make money?
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solstice818
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Jul 18 2020, 01:44 AM
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QUOTE(echoesian @ Jul 17 2020, 11:59 PM) Trading212 is so cool, the user interface is very user friendly and modern. I wonder if 0$ commission, 0 fees, how they make money? Through spread.
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staind
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Jul 18 2020, 10:05 AM
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QUOTE(normanTE @ Jul 16 2020, 11:57 PM) Guys there is some problem with IBKR they dont provide free market data for their client. we need to subscribe to it with a monthly fees. there is no free lunch i suppose. no wonder their trading fees is so low. since i have account with tdameritrade so i got free data from there. but buy and sell thru ibkr Use investing website or apps also ok for market data.
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Ramjade
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Jul 18 2020, 10:33 AM
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QUOTE(normanTE @ Jul 16 2020, 11:57 PM) Guys there is some problem with IBKR they dont provide free market data for their client. we need to subscribe to it with a monthly fees. there is no free lunch i suppose. no wonder their trading fees is so low. since i have account with tdameritrade so i got free data from there. but buy and sell thru ibkr You don't need market data. Lots of website having free market data especially for US market.
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normanTE
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Jul 18 2020, 11:12 AM
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Getting Started

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QUOTE(echoesian @ Jul 17 2020, 11:59 PM) Trading212 is so cool, the user interface is very user friendly and modern. I wonder if 0$ commission, 0 fees, how they make money? like a forex they earn through spread but i doubt they will be around for the next 5yr.
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PrincZe
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Jul 18 2020, 11:33 AM
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QUOTE(echoesian @ Jul 17 2020, 11:59 PM) Trading212 is so cool, the user interface is very user friendly and modern. I wonder if 0$ commission, 0 fees, how they make money? are u getting invest or cfd?
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