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 Interactive Brokers (IBKR), IBKR users, welcome!

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zacknistelrooy
post Aug 18 2020, 11:38 PM

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QUOTE(eddie2020 @ Aug 18 2020, 11:03 PM)
i see, without live data it will be delay? normally you guys all buy live data? or which platform is user friendly?
I play to trade shares for US / SG
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If you are looking for something free

https://www.level2stockquotes.com/level-ii-quotes.html
Ramjade
post Aug 18 2020, 11:44 PM

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QUOTE(eddie2020 @ Aug 18 2020, 11:03 PM)
i see, without live data it will be delay? normally you guys all buy live data? or which platform is user friendly?
I play to trade shares for US / SG
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You can pay for the data.
Alternatively open tiger broker/TD. Both of them have free real time data.
echoesian
post Aug 18 2020, 11:50 PM

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Anyone using TD Ameritrade, it also $0 fee
echoesian
post Aug 18 2020, 11:53 PM

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I wonder how does this stock broker earn money with charging customer $0 fee?
Yggdrasil
post Aug 18 2020, 11:53 PM

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QUOTE(eddie2020 @ Aug 18 2020, 11:03 PM)
i see, without live data it will be delay? normally you guys all buy live data? or which platform is user friendly?
I play to trade shares for US / SG
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Got free $1 worth of snapshots every month.
Can check price before buying but not suitable if you're trading.
Yggdrasil
post Aug 18 2020, 11:58 PM

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QUOTE(echoesian @ Aug 18 2020, 11:50 PM)
Anyone using  TD Ameritrade, it also $0 fee
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QUOTE(echoesian @ Aug 18 2020, 11:53 PM)
I wonder how does this stock broker earn money with charging customer $0 fee?
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Can stop put your questions into 1 post sweat.gif A bit spam

If I'm not mistaken, TDA charges $25 to withdraw money. IBKR gives 1 free withdrawal every month.
I know that IBKR has the lowest margin rates. TDA is significantly higher. So they definitely make money there.
echoesian
post Aug 19 2020, 12:03 AM

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QUOTE(Yggdrasil @ Aug 18 2020, 11:58 PM)
Can stop put your questions into 1 post  sweat.gif A bit spam

If I'm not mistaken, TDA charges $25 to withdraw money. IBKR gives 1 free withdrawal every month.
I know that IBKR has the lowest margin rates. TDA is significantly higher. So they definitely make money there.
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Does TDA charge the monthly activity fee such as IKBR charge $10 per month?
Yggdrasil
post Aug 19 2020, 12:08 AM

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QUOTE(echoesian @ Aug 19 2020, 12:03 AM)
Does TDA charge the monthly activity fee such as IKBR charge $10 per month?
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... I don't have experience with TDA. Why not you check their website?
You can bypass the $10 monthly fee if you sign up for TSG (IBKR) instead.

<$2 fee also want to count meh? Already cheaper than Malaysia.
Also, you should be focusing on making money than trying to save on fees.
Fees already dirt cheap. Meanwhile, you buy wrong stock, lose few $100 but $2 want to save? laugh.gif
echoesian
post Aug 19 2020, 12:14 AM

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QUOTE(Yggdrasil @ Aug 19 2020, 12:08 AM)
... I don't have experience with TDA. Why not you check their website?
You can bypass the $10 monthly fee if you sign up for TSG (IBKR) instead.

<$2 fee also want to count meh? Already cheaper than Malaysia.
Also, you should be focusing on making money than trying to save on fees.
Fees already dirt cheap. Meanwhile, you buy wrong stock, lose few $100 but $2 want to save?  laugh.gif
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Seems like IKBR does not approve my application with TSG because maybe I already have an existing IKBR PRO account
Yggdrasil
post Aug 19 2020, 12:19 AM

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QUOTE(echoesian @ Aug 19 2020, 12:14 AM)
Seems like IKBR does not approve my application with TSG because maybe I already have an existing IKBR PRO account
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Oops didn't read your post earlier.
Hmm. I'm not sure if I can help. Sorry :X
echoesian
post Aug 19 2020, 12:22 AM

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QUOTE(Yggdrasil @ Aug 19 2020, 12:19 AM)
Oops didn't read your post earlier.
Hmm. I'm not sure if I can help. Sorry :X
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Does IKBR allow multiple account under the same name? If not, I would need to delete the IKBR Pro account first then create another new one via TSG?
Yggdrasil
post Aug 19 2020, 12:23 AM

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QUOTE(echoesian @ Aug 19 2020, 12:22 AM)
Does IKBR allow multiple account under the same name? If not, I would need to delete the IKBR Pro account first then create another new one via TSG?
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I'm quite sure it's possible. When you apply, go straight TSG website and register. It will link back to IBKR but since you clicked the TSG link, it should work.
echoesian
post Aug 19 2020, 12:27 AM

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QUOTE(Yggdrasil @ Aug 19 2020, 12:23 AM)
I'm quite sure it's possible. When you apply, go straight TSG website and register. It will link back to IBKR but since you clicked the TSG link, it should work.
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Yes, I did that by using the link from the TSG and created a new account. But now it is almost 2 weeks, the account status is still pending approval. Do I need to submit any documentations for proof?
Yggdrasil
post Aug 19 2020, 12:28 AM

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QUOTE(echoesian @ Aug 19 2020, 12:27 AM)
Yes, I did that by using the link from the TSG and created a new account. But now it is almost 2 weeks, the account status is still pending approval. Do I need to submit any documentations for proof?
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Yeah of course. They should ask you for at least 2 documents: Passport and IC
Need to bank in $1,000 too.
echoesian
post Aug 19 2020, 12:29 AM

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QUOTE(Yggdrasil @ Aug 19 2020, 12:28 AM)
Yeah of course. They should ask you for at least 2 documents: Passport and IC
Need to bank in $1,000 too.
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No, I never received any emails or instructions
Yggdrasil
post Aug 19 2020, 12:32 AM

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QUOTE(echoesian @ Aug 19 2020, 12:29 AM)
No, I never received any emails or instructions
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Website should prompt you. Log in again.
Try to contact them via email. I'm not IBKR customer service. sweat.gif
Wazzzap
post Aug 19 2020, 12:38 AM

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QUOTE(Yggdrasil @ Aug 18 2020, 08:57 PM)
What currency you're trying to send?
I just heard that it's incredibly cheap to send SGD and other currencies via Sunway Money. I suppose it's even cheaper to send RM10,000 SGD to SG bank then SGD to IBKR and manually convert paying the tiny fee. Still cheaper than losing RM90 per RM10,000 transferred.
I think they only need to verify your address.
Use your passport to verify identify and your IC to verify address.

I guess CIMB is regarded as untrustworthy by them. Malaysia is famous for money laundering/terrorism financing so I'm not surprised. Try Maybank or other banks.
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Trying to trade in US Stock market
Yggdrasil
post Aug 19 2020, 12:40 AM

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QUOTE(Wazzzap @ Aug 19 2020, 12:38 AM)
Trying to trade in US Stock market
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Yeah you can convert money inside the app. No need to convert USD immediately from MYR.
Can send MYR -> SGD -> Convert SGD to USD using IBKR
I don't think IBKR accepts USD directly from non-US banks e.g. Instarem etc
erizdagreat
post Aug 19 2020, 03:24 AM

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QUOTE(Yggdrasil @ Aug 19 2020, 12:40 AM)
Yeah you can convert money inside the app. No need to convert USD immediately from MYR.
Can send MYR -> SGD -> Convert SGD to USD using IBKR
I don't think IBKR accepts USD directly from non-US banks e.g. Instarem etc
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Yes they do. I send USD directly to IBKR via Maybank.
United Rulez
post Aug 19 2020, 06:26 AM

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Hi just registered and so far still waiting for approval.
"Fund your account" still pending
while "Confirm Mobile Number" & "Submit A Document To Verify Your Residential Address" COMPLETED.

Got an email from them this morning, asking me to check "Message Center" for a ticket.

But where do you access "Message Center"?

This is the email I received

QUOTE
You have the following unread communication(s) for your account U******* in the IBKR Message Center:
     -  1 Inquiry Ticket response(s) having a Secure delivery preference.
TICKET RESPONSE(S):
________________________________________

A response to one or more of your tickets has been provided by IB Customer Service. As you have elected to receive your notifications in a secure manner (i.e., advisory only), the details of the response will be made visible solely through the originating Message Center ticket accessible through Account Management.

Tickets for which responses have been provided

1 T939626 created on 18-Aug-2020

If your application has not yet been approved, access the Message Center by logging into your account application here  and selecting the Help link located in the lower-right-hand corner. If your application has been approved, access the Message Center by logging into your account and selecting the Support menu option.

The Message Center is accessible in Account Management home page via the bell icon (upper left corner) or the Support menu (left side of the page). We encourage you to check the Message Center to verify if there is time-sensitive or risk oriented information.


And this is my page when I login.
But I dont see any help link or Support Menu option?? sweat.gif

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This post has been edited by United Rulez: Aug 19 2020, 01:59 PM

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