Just add the account number to your Will. But executing it is tough. So probably best to ask your lawyer. Also US shares in IB at the time of claiming is subjected to US estate duty law... At this moment I cannot find a way to avoid that and even asked IB about it. So if you know a way please let us know.

Hi all.
I would like to compare and contrast IBKR with Fund Supermarket. Is it better to buy ETFs in IBKR or Fund Supermarket? Any comments would be much appreciated. Tq

You need to search Taiwan dividend tax on Malaysia. Ibkr is smart enough to withd hold the correct amount if you fill up your tax country correctly.

3. However, dividends paid by a company which is a resident of the TECO to a resident of the MFTC may be taxed in the TECO in accordance with the laws applicable in the TECO, but if the recipient is the beneficial owner of the dividends the tax so charged shall not exceed 12.5 per cent of the gross amount of the dividends.

For you and for anyone else that invests in other countries besides Malaysia, can check up PWC's website regarding everything about taxes. Reviewed and updated frequently by professionals.

https://taxsummaries.pwc.com/quick-charts/w...-rates#anchor-M

question about dividends payout on IBKR:
how do I understand my dividend reports?

i tried generating a HTML Activity statement YTD, and i see a lot of things that i don't und lol. First of all, I see two sections,
Dividends
This looked straightforward, it tells me the WHT and so I can correctly verify that
- US stock 30% WHT
- Swiss stock 35% WHT

Change in dividends accrual
now this table lost me...

I masked out the counters to reduce "advice distractions" so please bear with me    each horizontal line separates the counters, so we have 4 counters in question.
Counter 1 and 2 were in the above section. The taxed amount tallies with above, but how do I understand this table....? why is it adding and subtracting back?
Counters 3 and 4 are ADRs, in fact they do not show up in the section above on WHT - but I thought ADRs are still subject to WHT......?

P.S. I'm not hunting dividends, but knowing how dividend payouts typically lower the stock counters and the reinvestment isn't happening (recall another forumer mentioned before that it does not happen if the payout doesn't amount to at least one share(?)), I want to understand how much I'm actually getting/losing, and therefore assess my position better.

it is an accrual account.. this is used to track payments...

on ex date... an "iou" entry is created... on pay date, an opposite "completion" entry is created... the account will nett zero...

this is why you see a +$10.... and later a - $10...

question about dividends payout on IBKR:
how do I understand my dividend reports?

i tried generating a HTML Activity statement YTD, and i see a lot of things that i don't und lol. First of all, I see two sections,
Dividends
This looked straightforward, it tells me the WHT and so I can correctly verify that
- US stock 30% WHT
- Swiss stock 35% WHT

Change in dividends accrual
now this table lost me...

I masked out the counters to reduce "advice distractions" so please bear with me    each horizontal line separates the counters, so we have 4 counters in question.
Counter 1 and 2 were in the above section. The taxed amount tallies with above, but how do I understand this table....? why is it adding and subtracting back?
Counters 3 and 4 are ADRs, in fact they do not show up in the section above on WHT - but I thought ADRs are still subject to WHT......?

P.S. I'm not hunting dividends, but knowing how dividend payouts typically lower the stock counters and the reinvestment isn't happening (recall another forumer mentioned before that it does not happen if the payout doesn't amount to at least one share(?)), I want to understand how much I'm actually getting/losing, and therefore assess my position better.

Following up on tax treaty, I received this reply from IBKR. Long story short, forget about it



15 CHF for each dividend event is too much for me haha, oh well.

Have you guys ever thought about what if IB went bankrupt due to some derivatives products? What will happen to our stocks? Where can we go seek help? This have been the lingering questions I have all these years using IB for long term portfolio. What is your opinion?

What if you have sudden death? How is your family is going to recover your account to next kin?

BNM claimed it's illegal to use that platform .just wonder whether we get into the trouble if we use the foreign platform ? From the forum most use foreign platform as broker from Malaysia is way too expensive...
Bursa stuff have not much of choice .....

one question, if cimb transfer to cimb sg, is the currency exchange good? any one can share experience?

There's 3 different type of margins, Initial Margin (IM), Maintenance Margin (MM) and RegT Margin (RegT).

Opening any position requires a certain amount of IM and MM. For most US stocks, it's 25% (buying 10k stocks will require 2.5k IM & MM)
100k worth of stock = 25k IM MM.  200k worth of stock = 50k IM MM.
Available funds is ELV - IM. Available funds can be thought of how much remaining IM you're allowed to use before not being allowed to open another position.
Buying Power (BP) is just a fancy number calculated by Available Funds * 4 (ie a quick and easy way to know how big of a position you're allowed to open)

Example, For someone with 25k ELV and no positions, your available funds is 25k, that's why your buying power will display 100k (25k*4).
The reason why you're not allowed to buy 200k worth of stock is because that requires 50k of IM, which is more than your current ELV of 25k. Pretty much why I ignore looking at BP because it's just a secondary calculation of your available funds, which itself is a secondary calculation of IM.

Overnight positions (for stocks, ignore futures) have the same IM MM requirements, 25%.
Only difference is that for normal margin accounts, you're regulated by RegT rules. RegT states that all stocks may only be margined by 50% instead. This is where your RegT margin comes in.
However, RegT margin requirements are only checked once a day at market close. Which means that for any overnight positions, they'll be checked for RegT margin requirements.
That's why normally people say that you can only have half the amount of stock for overnight positions. Not because different requirements, but because there's an extra layer of margin requirement for you to obey. Once you upgrade to PM, this RegT rule will be removed, and you can just maintain the same amount for both intraday and overnight positions.

As someone that majored in derivatives, I hate how people simplify wheeling into such rigid rules and thinking it's easy money because it's not, and there are massive tradeoffs for having so much of theta decay. Won't get into it unless you're interested, but basically very low theta decay is not a problem, it's a feature. The real problem is that rolling any ITM options becomes really costly for you simply because of the bid/ask spread.
For the situation you mentioned (rolling the ITM put), I would recommend you to instead take assignment and sell calls. Due to put call parity, this is exactly the same thing but OTM calls have much tighter spreads, especially if they are near the money.

Example, I've got XYZ $100 Put, getting assigned cuz XYZ is $95 now.
Plan A: You want to roll to XYZ $100 Put for next month instead.
Plan B: Take assignment on XYZ, and immediately sell XYZ $100 Call for next month.
Both Plan A and B is synthetically the same thing, and there's no difference in doing either theoretically, but irl Plan B will be my choice because of the tighter bid/ask

Edit: I can provide you a basic excel worksheet I used in the past to find out how leveraged you can get, and how big of a drawdown till you get to RegT > ELV

I attached the Excel file, ugly but I think it does the job. Change the yellow cells, by adding how much ELV you have right now and how much percentage margin you intend to use. (50% = 1.5x your money worth of stock)

Then you can check the chart for the 'min(SMA)' line when it hits the x-axis. That would be how big of a loss you can take till you possibly kena margin call.

For example, if you use 1.33x margin, max loss is 50% of your portfolio before in danger of kena call. If 1.66x margin then max loss 20% kena called.

https://ufile.io/3q5xw81l

Nice new info! For the record..... Where to get form 60? Also, how much does it cost to mail that ya?

I did a quick Google and looks like it's about RM 5:
https://www.pos.com.my/send/mail/international/air-mail.html

Am I missing out anything? I've never done any international mailing before

I am not sure how it works. If I cannot achieve certain passing rate in the exam, IBKR may block me for trading options for unspecified duration.

I think that it is best for me to read more about options, and make a small amount of trade in options. Do not be greedy.