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 Interactive Brokers (IBKR), IBKR users, welcome!

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dwRK
post Nov 14 2020, 08:47 AM

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QUOTE(moosset @ Nov 13 2020, 11:21 PM)
Oh nice! Was it quite straightforward to do the transfer?

I think last time they used to have ACT and some other acronyms transfer options. Now there is only a bank wire for all TT.
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if you meant ACATS...that is a broker to broker xfer
dwRK
post Nov 14 2020, 12:16 PM

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QUOTE(moosset @ Nov 14 2020, 12:06 PM)
sorry, I think it was ABA or ACH ....

anyway, it seems like that has been eliminated.
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ABA is bank routing system in US

ACH is payment xfer in US... something like our FPX

should pop up only with usd deposits...ACH need to link to US Bank account

This post has been edited by dwRK: Nov 14 2020, 12:22 PM
dwRK
post Nov 14 2020, 10:45 PM

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QUOTE(moosset @ Nov 14 2020, 09:39 PM)
by the way, I think I could connect ACH with TW's borderless USD bank account, but I haven't tried transferring money out yet.
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yes tw has ach... wire is cheaper for me hence I don't use ach... ach is also slower
dwRK
post Nov 14 2020, 10:53 PM

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QUOTE(moosset @ Nov 14 2020, 10:48 PM)
wire from IBKR to bank acc in US?
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xfer USD to MYR... tw's fee is cheaper using wire to fund
dwRK
post Nov 16 2020, 10:05 AM

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QUOTE(polarzbearz @ Nov 16 2020, 01:02 AM)
Those examples are the ticker. Sometimes it may not appear when attempting to search (in TWS at least), one consistent workaround I always do is, go to your watchlist and type there directly "USD.HKD" / "USD.SGD"
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you'll have to know the currency conventions...ie., which comes first... EUR.USD is ok... USD.EUR won't work... fyi
dwRK
post Nov 21 2020, 07:06 AM

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QUOTE(apathen @ Nov 20 2020, 01:33 PM)
no, that is after fill in account number and bank info (swift or routing number) then only they asked for correspondent bank info.
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correspondent bank is also called intermediary bank for the swift system...

so probably chase, citi, wells fargo, etc... hsbc may have a preferred partner so maybe best check with them
dwRK
post Nov 21 2020, 07:08 AM

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QUOTE(ProxMatoR @ Nov 18 2020, 03:59 PM)
a friend of mine transferred USD via transferwise for account opening, the account was approved very fast soon after funding, but the fund was not projected into the account even after days of chasing CS.

not sure if it is now quicker on processing, leaving the account opening issue, or it is still 1-2 weeks clearance process.....
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May still get rejected... good luck
dwRK
post Nov 21 2020, 11:48 PM

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QUOTE(ProxMatoR @ Nov 21 2020, 11:43 PM)
my friend got it after my reply tho. icon_idea.gif

TSG CS told that IBKR received the fund, and will be updated in the account, and it did
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thumbsup.gif
dwRK
post Nov 25 2020, 01:43 PM

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QUOTE(labtec @ Nov 25 2020, 10:14 AM)
may i know you guys open IBKR account from US website or from SG website?

https://www.interactivebrokers.com/en/home.php
https://www.interactivebrokers.com.sg/en/home.php
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if I recall correctly... it will all gets diverted to Australia website laugh.gif

we all open mostly tadestation-global...not ibkr

This post has been edited by dwRK: Nov 25 2020, 01:45 PM
dwRK
post Dec 8 2020, 02:14 PM

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QUOTE(thecurious @ Dec 8 2020, 12:39 PM)
For withdrawal to sg bank account, is it required to convert USD to sgd in ibkr before withdrawal? Or just selected withdraw USD to sg bank account?
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best convert in ibkr...get spot rates

sg bank will convert at their higher bank rates
dwRK
post Dec 9 2020, 09:23 AM

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QUOTE(imceobichi @ Dec 8 2020, 04:20 PM)
Anybody tried to convert ibkr cash account to margin account?

Noticed I can’t sell and buy on same day due to margin requirement

I didn’t keep much money in IBKR account

Can still apply for margin account?
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hope you know about PDT
dwRK
post Dec 22 2020, 12:24 PM

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QUOTE(jas029 @ Dec 22 2020, 11:24 AM)
guys.. regarding the trading fees, noticed that if u buy or sell a certain security more than once in a trading session, u'll incur the trading fees as per the time u transacted instead of get charge once on the average price?

eg. if u buy AAPL for 100 shares @ 128.00 and subsequently buy another 100 shares @ 129.00 in the same trading session.. u'll get charge individually for 128.00 and 129.00.. rather than being charge once on the average price of 200 shares
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yes twice...it's 2 trades
dwRK
post Jan 6 2021, 11:51 AM

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QUOTE(masahito @ Jan 6 2021, 12:32 AM)
Transferwise -> USD (ACH) -> IBKR. Slow. 7 days for me

CIMB SG -> SGD -> IBKR. Fast, less than 1 hr
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ach is 4-day hold exclude any tw delay
dwRK
post Jan 6 2021, 05:38 PM

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QUOTE(moosset @ Jan 6 2021, 03:28 PM)
Is it possible to transfer USD directly to IBKR via TW without going through the ACH??
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its up to tw... ach no fees, wire need fees... so they probably go cheapest...

This post has been edited by dwRK: Jan 6 2021, 05:39 PM
dwRK
post Jan 10 2021, 11:37 PM

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QUOTE(yehlai @ Jan 10 2021, 10:14 PM)
Hi guys.. anyone transferred share from other broker to IBKR before?
after local broker transferred to IBKR, still cant see the share available in IBKR after almost a week

Is that normal?
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xfer from UK... 2 days into ibkr system, got rejected... then few days later approved

all in about 1 week
dwRK
post Jan 12 2021, 07:00 AM

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QUOTE(HolyAssasin4444 @ Jan 12 2021, 02:23 AM)
Hi sifus, niche question here not sure if anyone has tried it.
My family members want me to help manage investments for them. Is there a way to create separate IB accounts under their name ONLY, but I can login to do transactions with?
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yes...check types of account & fees, see if qualify

not sure if they track login ip...if not then easy...
dwRK
post Jan 12 2021, 08:13 PM

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wah...tdameritrade got ban by SC... just found out...yes I slow sweat.gif
dwRK
post Jan 23 2021, 03:41 PM

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i no borderless account....so sad bye.gif
dwRK
post Jan 24 2021, 12:22 PM

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QUOTE(moosset @ Jan 24 2021, 12:10 PM)
yeap, as expected, not available to new Malaysian users.
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I'm old user... last time got borderless option but I didn't activate... now no more

so I think only available to old users who activated before
dwRK
post Jan 24 2021, 03:36 PM

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QUOTE(moosset @ Jan 24 2021, 01:21 PM)
yeah, that's what I did. Everything is the same. Why they didn't take back the small sum? sad.gif

so now, after everything set up, how do you transfer usd from tw to ibkr? Is there a specific button that you click?
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ach has both push and pull method...

login tw and push funds to ibkr... or login ibkr and pull funds from tw...


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