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 Interactive Brokers (IBKR), IBKR users, welcome!

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Yggdrasil
post Aug 5 2020, 05:30 PM

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QUOTE(erizdagreat @ Aug 5 2020, 05:08 PM)
Sifu here. I'll help answer your question.

Before you apply for trading permission on an additional security/product, make sure you have met the requirements needed. For CLPs, the requirements according to IBKR are:

"In the case of Complex & Leveraged Products, you must have a Good or Extensive Knowledge Level for stocks and options, or stocks and futures, or take a test."

Additionally, they require you to have a certain amount of liquid net worth and income according to your age. For age 31 to 40, liquid net worth should be at least $50k and income at least $45k.

Once you have submitted the permission request, on the account permissions main page, the link "request for permission" next to the product should have been replaced with a greyed out "global". That means it's pending. If it still shows "request for trading permission", then you have not submitted the request yet.

It usually takes less than 24 hrs on a weekday, but because of the influx of noobs like you to platforms like IBKR and robinhood, there might be delays.

Good luck, boy!
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Lol why you create dupe to answer your own question?
Krv23490
post Aug 5 2020, 05:56 PM

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QUOTE(Yggdrasil @ Aug 5 2020, 05:30 PM)
Lol why you create dupe to answer your own question?
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lol wtf.. like that also got
erizdagreat
post Aug 5 2020, 07:16 PM

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QUOTE(Yggdrasil @ Aug 5 2020, 05:30 PM)
Lol why you create dupe to answer your own question?
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Back when I asked the question, I was still noob. Now that I am older and have gained years of experience, I have become sifu. Of course, I will help answer noob questions, including my own.

Come, come noobs. Unker help answer your questions.
Yggdrasil
post Aug 5 2020, 07:17 PM

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QUOTE(erizdagreat @ Aug 5 2020, 07:16 PM)
Back when I asked the question, I was still noob. Now that I am older and have gained years of experience, I have become sifu. Of course, I will help answer noob questions, including my own.

Come, come noobs. Unker help answer your questions.
*
3 days from noob to sifu? biggrin.gif
erizdagreat
post Aug 5 2020, 07:35 PM

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QUOTE(Yggdrasil @ Aug 5 2020, 07:17 PM)
3 days from noob to sifu?  biggrin.gif
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Shhhh..don't tell pepul.
echoesian
post Aug 5 2020, 11:26 PM

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I have registered the tradestation, but how come it brings me to the IKBR?
tadashi987
post Aug 5 2020, 11:32 PM

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QUOTE(echoesian @ Aug 5 2020, 11:26 PM)
I have registered the tradestation, but how come it brings me to the IKBR?
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https://www.tradestation-international.com/global/

TradeStation International Ltd acts as an introducing broker to Interactive Brokers (U.K.) Ltd. and its affiliates

Tradestion is Interactive Brokers's whitelabel

for ur further reading:
https://forum.lowyat.net/topic/4744515/+1000#entry97633021

https://choivocapital.com/2020/05/03/nuts-a...3E1R7QFPmVIykcE
echoesian
post Aug 5 2020, 11:40 PM

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QUOTE(tadashi987 @ Aug 5 2020, 11:32 PM)
https://www.tradestation-international.com/global/

TradeStation International Ltd acts as an introducing broker to Interactive Brokers (U.K.) Ltd. and its affiliates

Tradestion is Interactive Brokers's whitelabel

for ur further reading:
https://forum.lowyat.net/topic/4744515/+1000#entry97633021

https://choivocapital.com/2020/05/03/nuts-a...3E1R7QFPmVIykcE
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So where can I find the tradestation login link?
tadashi987
post Aug 5 2020, 11:50 PM

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QUOTE(echoesian @ Aug 5 2020, 11:40 PM)
So where can I find the tradestation login link?
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u have finished ur accout opening process, done funding, and got approved?

if yes, u can just login to IBKR web portal, mobile app, or TWS using the ID and password u set
solstice818
post Aug 6 2020, 10:45 AM

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QUOTE(erizdagreat @ Aug 5 2020, 05:08 PM)
Sifu here. I'll help answer your question.

Before you apply for trading permission on an additional security/product, make sure you have met the requirements needed. For CLPs, the requirements according to IBKR are:

"In the case of Complex & Leveraged Products, you must have a Good or Extensive Knowledge Level for stocks and options, or stocks and futures, or take a test."

Additionally, they require you to have a certain amount of liquid net worth and income according to your age. For age 31 to 40, liquid net worth should be at least $50k and income at least $45k.

Once you have submitted the permission request, on the account permissions main page, the link "request for permission" next to the product should have been replaced with a greyed out "global". That means it's pending. If it still shows "request for trading permission", then you have not submitted the request yet.

It usually takes less than 24 hrs on a weekday, but because of the influx of noobs like you to platforms like IBKR and robinhood, there might be delays.

Good luck, boy!
*
Why are you saying "good luck boy" to yourself?

What's your main acc?
erizdagreat
post Aug 6 2020, 02:46 PM

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QUOTE(erizdagreat @ Aug 5 2020, 05:08 PM)
Sifu here. I'll help answer your question.

...

Once you have submitted the permission request, on the account permissions main page, the link "request for permission" next to the product should have been replaced with a greyed out "global". That means it's pending. If it still shows "request for trading permission", then you have not submitted the request yet.

It usually takes less than 24 hrs on a weekday, but because of the influx of noobs like you to platforms like IBKR and robinhood, there might be delays.

Good luck, boy!
*
Thank you, sifu!

I followed your teachings and notice that indeed the text next to CLP on the trading permissions page was showing "Request for Permission". How dumb I am! I obviously didn't finish the application process. Once I requested again, it took about 8 hours to get the trading permission. Now I'm trading CLPs like a full fledge WSB autist!

Thanks again!
sherynchans
post Aug 6 2020, 03:31 PM

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May I know the reason why we need to convert the currency according to each stock exchange?

Let's say I have USD, and I would like to trade on hkse. Can I just place the trade without converting??

Thank you..
tadashi987
post Aug 6 2020, 05:09 PM

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QUOTE(sherynchans @ Aug 6 2020, 03:31 PM)
May I know the reason why we need to convert the currency according to each stock exchange?

Let's say I have USD, and I would like to trade on hkse. Can I just place the trade without converting??

Thank you..
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the stock is listing in different currency, said u want to buy S&PP500 which is in USD, u cant create order using other currency, the order wont convert FX for you
teen08
post Aug 6 2020, 05:39 PM

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If I have a IBKR account. Can I still use TSG to offset the 10 usd fee?

Edit: ibkr lite is better or whitelabels Like TSG

This post has been edited by teen08: Aug 6 2020, 06:04 PM
sherynchans
post Aug 6 2020, 05:56 PM

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QUOTE(tadashi987 @ Aug 6 2020, 09:09 AM)
the stock is listing in different currency, said u want to buy S&PP500 which is in USD, u cant create order using other currency, the order wont convert FX for you
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Does this applies to cfd account as well? I heard my friend traded without converting. So I'm quite confused with it. Maybe it comes with extra fees?
Ramjade
post Aug 6 2020, 06:30 PM

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QUOTE(teen08 @ Aug 6 2020, 05:39 PM)
If I have a IBKR account. Can I still use TSG to offset the 10 usd fee?

Edit: ibkr lite is better or whitelabels Like TSG
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Nope. Unless somehow you transfer into the IB linked with TSG. Whether IB let you do that, I don't know.

IB lite only US citizen and India citizens
tadashi987
post Aug 6 2020, 08:28 PM

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QUOTE(sherynchans @ Aug 6 2020, 05:56 PM)
Does this applies to cfd account as well? I heard my friend traded without converting. So I'm quite confused with it. Maybe it comes with extra fees?
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not quite sure on that, all this while i converted FX before trade.
mr_tuzki
post Aug 6 2020, 09:41 PM

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QUOTE(sherynchans @ Aug 6 2020, 03:31 PM)
May I know the reason why we need to convert the currency according to each stock exchange?

Let's say I have USD, and I would like to trade on hkse. Can I just place the trade without converting??

Thank you..
*
Say you have MYR. You cross the Causeway to Singapore. Can you buy chicken rice for SGD6 without converting your MYR?
Can't coz they are transacting in SGD only.

Your HKSE stocks can only be bought using HKD, so you need to convert it first.
echoesian
post Aug 7 2020, 01:06 AM

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QUOTE(tadashi987 @ Aug 5 2020, 11:50 PM)
u have finished ur accout opening process, done funding, and got approved?

if yes, u can just login to IBKR web portal, mobile app, or TWS using the ID and password u set
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Since the website is the same as IKBR, how does it differentiate between IKBR and Tradestation? I just wanna make sure my account is under Tradestation and not IKBR to avoid the monthly charges...
echoesian
post Aug 7 2020, 01:09 AM

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QUOTE(teen08 @ Aug 6 2020, 05:39 PM)
If I have a IBKR account. Can I still use TSG to offset the 10 usd fee?

Edit: ibkr lite is better or whitelabels Like TSG
*
Is there a way to switch existing IKBR Pro account to lite?

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