https://www.tradestation-international.com/...6-5c282b75-1d78

because the TWS desktop app is sophisticated software designed for traders.


retail user can use their web client portal

Look carefully!

I think it's USD $2 = SGD $ 2.75!!

Just wanna ask if anyone here heard of Tiger Broker app (IB) before?

They are a chinese controlled company listed on NASDAQ with a market cap of approx US$ 1 bil.

The reason why Im asking is because they’ve approached me for potential youtube advertisement/partnership programme but Im being skeptical towards the app (partly because they are kinda new too, incorporated since 2014).

Would appreciate if anyone has any input on this.

Currently leaning towards rejecting this partnership offer, thank you!

not sure if there is a tiger thread here but i believe hardware zone and telegram has one..

some ppl are a bit skeptical because of the china / tencent background.. but IBKR is an investor and they have one of the lowest fees for SG stocks currently. Licensed by MAS so for some ppl good enough.

i personally have an account but did not fund - cause it gives me realtime US, HK and SG data that i can use to trade with ibkr

U mean just sign up their accounts and you get free real time on all markets???? This is too good to be true😅

Hi all Sifus! Initially I wanted to use the method of Maybank -> Maybank SG -> IBKR method but as a student they rejected my application for the Maybank SG acc. May I know if there are any other methods besides TT?

I was thinking of using Transferwise. IBKR says that they support TW but I think it's better to ask sifus here if any has experience with doing so. And if Transferwise can jalan, should I send SGD and convert USD in IBKR or just send straight USD and save the $2 commission?

You don't need SG bank account to open IBKR. You only need it to bring back money.
When you open Maybank SG account, you go Maybank Malaysia branch to hand the form correct?
What was the reason for opening?

In my experience, Maybank was quite slow and needed a 1,000 SGD to be maintained or else they charge monthly fee.
CIMB is much better. Don't even need to walk in branch.

Anyways, you can ask the dedicated SG bank account thread.

Yup I'm not worried about bringing money back. Don't plan to anyways. But I thought the method everyone use is Bigpay to SG bank acc, then FAST to IBKR? Or I got sth wrong oops
Yep went to Menara Maybank, I said that it was to store investment funds in SG for investment. At the time the clerk also said that students (21 y/o) with no valid income tend to get rejected but I tried anyways.

Is CIMB SG also strict? I haven't read much about CIMB jalan as I'm currently not a customer of theirs yet.

But I think my main question is more about if people here use Transferwise/ Instarem etc to directly transfer money into IBKR

You can send SGD/EUR to IBKR directly using Instarem. But I'm not sure if USD is allowed.
Previously you can't, so the only way was to send to SG Bank then to IBKR (Citibank in SG).
Refer to the 1st post of this thread. Moosset already did a great job putting most of the info there.

CIMB SG did call me and ask me the reason for opening the account.

Yes, banks may reject you because without income, it's unlikely that you have money to invest.
This is why you should get a job asap.

Ah thanks alot Yggdrasil, I read all the old posts saying Instarem can't directly transfer that's why got confused some say can some say cannot

I think I'll maybe try my luck with CIMB then. Don't have official taxable income and can't work either as a full time student but I have quite alot of assets and savings for someone my age, maybe they will check networth instead?

I don't think Maybank Singapore have assess to your Maybank Malaysia records. So, even if you have RM1m in your account, they won't know.

Even if you apply to open Maybank SG account, Maybank MY just help with paper work and courier the documents to Maybank SG.
They are the ones who will decide whether to open your account or not.

Sorry for bothering you Yggdrasil, but I'm currently filling in the recipient details in InstaRem, I type the bank Name as Citibank N.A and the swift code only appear as "CITISGSG", not "CITISGSGXXX". Is this the same?

I just checked. I never sent SGD directly to IBKR before :X
Sent to my CIMB SG account then transfer to their IBKR account via FAST.
Haven't done so in a long time.

Maybe the others can help?
I can only help if you're transferring EUR.

Oh okok now I'm trying thru Euro instead, wiring to CITIDEFFXXX Citibank Europe PLC, Germany Branch, anything wrong with it?

Edit: Remove personal info

This post has been edited by Yggdrasil: Aug 29 2020, 12:58 AM

Edit: Remove personal info.

This post has been edited by HolyAssasin4444: Aug 29 2020, 01:31 AM

Edit: Remove personal info

This post has been edited by Yggdrasil: Aug 29 2020, 12:58 AM

So you told them for investments? And they open account for u even though they know u r not employed in Sg?

Yeah. Wrote the purpose on the form: To invest in US shares using IBKR.
Took them like 1.5 months to approve because they slow.
Need keep pestering the Malaysian branch to chase.
The manager say pending will rush them etc.

My experience with CIMB was faster.