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 Interactive Brokers (IBKR), IBKR users, welcome!

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TSmoosset
post May 4 2020, 10:04 PM

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QUOTE(heyamazingpeople @ May 4 2020, 09:20 PM)
biggrin.gif
so instarem did receive error and refund the MYR la?
Not like instarem say money transferred out but ibkr side say never received.. then headache
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happened to me before, have to wait until IBKR refund the money, then I talked to InstaRem to convert to another currency instead.

the whole process, max 3 days, I think.
TSmoosset
post May 6 2020, 08:41 PM

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QUOTE(ywliang96 @ May 6 2020, 06:16 PM)
I went and gave Malaysian CIMB and maybank a call and they mentioned I’ll need to pay a visit physically to their SG side to open a bank account sad.gif
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A lot of these ppl working at the banks don't know their own products. Some don't even know what products their website has and give contradictory information. doh.gif
TSmoosset
post May 6 2020, 10:03 PM

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QUOTE(xerxesbear_1 @ May 6 2020, 09:25 PM)
Does the monthly activity fee get charged immediately when i sign up or is there a 3 month grace period ?
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I don't think there's a grace period.

You need min $1k for activation so there's no immediate charge.
TSmoosset
post May 9 2020, 02:01 PM

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QUOTE(topitup @ May 9 2020, 01:27 PM)
Hi m new to this. When tried to link TS Intl to my new IBKR account (Not funded yet), this is the error that i've got.  confused.gif Anyone encountered similar error and managed to fix it? I'm registered as a normal individual account with IBKR. Thanks.
user posted image
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this account cannot be linked to TSG. You need to redo everything, by opening IBKR from the TSG website.

I've talked about this a few pages earlier.
TSmoosset
post May 12 2020, 11:01 PM

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QUOTE(Kevin_Low @ May 12 2020, 03:20 PM)
do i have to fund my IB account first before connect to TradeStation International? or straight connect
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that means you've opened an IBKR account?

try to connect first. It may not work.
TSmoosset
post May 17 2020, 01:35 AM

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QUOTE(soundworks @ May 17 2020, 01:00 AM)
Hey, is there a Telegram group chat for IBKR Malaysian users? Should we create one if there isnt? smile.gif
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you can get the ball rolling..... icon_idea.gif
TSmoosset
post May 17 2020, 09:37 AM

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QUOTE(Yggdrasil @ May 17 2020, 01:46 AM)
moosset, As you're the TS, I think it's an honour if you create biggrin.gif
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I don't use Telegram. Don't think I want an extra app in my phone.
TSmoosset
post May 19 2020, 10:29 AM

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QUOTE(wombie @ May 19 2020, 08:15 AM)
Thanks, is it a yearly or monthly fees? where to subscribe ya? bit confusing
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It's just under the settings ....... It's easy to find. It's not hidden.

just login to all their platform and portals and play around. The more you click, the more you will discover.

IBKR's features are extensive; go play around!
TSmoosset
post May 20 2020, 05:48 PM

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QUOTE(Lakeambience @ May 20 2020, 10:51 AM)
user posted image

Tried it with 2 SGD and it works and appears after 2 working days.

There is no reference field to be keyed in during the transaction but somehow it gets deposited. Refer to my transfer receipt below.

user posted image
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Thanks! Added to 1st page.
TSmoosset
post May 21 2020, 11:53 AM

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QUOTE(TOS @ May 20 2020, 09:50 PM)
moosset

Regarding the first page. The part on transfer of funds to IBKR through transferwise in SGD from Malaysia doesn't work anymore due to the 11-VAN restriction issue. (Transferwise only accepts 9/10-digit account number.)

You may want to update that.
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ah, thanks!
TSmoosset
post May 21 2020, 06:13 PM

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QUOTE(FishIsSmart @ May 21 2020, 04:48 PM)
Bigpay is USA company ? i probably will work better for IB.

in brief how to use the service ? i have no experiece
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US??? laugh.gif

I always thought it's AA!!
TSmoosset
post May 22 2020, 12:06 PM

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QUOTE(Watta?? @ May 22 2020, 11:42 AM)
Hi guys, need a little help with initial funding of my account to get it activated.
1) Is it a must for initial funding to be a minimum of USD1,000 to get it activated? or any small amount will do?
2) Do i wire the funds to New York or London? kinda confusing as they asked to wire to new york, but bank address given is in London

user posted image
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1) YES!!

2) US. The bank account is in the US. His address is in the UK.
It's like you've a bank account in Singapore, but your address is in M'sia. So when ppl send you money, do they send to M'sia? No.... because the bank account is in S'pore. laugh.gif
TSmoosset
post May 22 2020, 04:33 PM

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QUOTE(Raymond_ACCA @ May 22 2020, 04:13 PM)
Omg I deposit 1000 USD using maybank. But then when reached my account only USD975. Called maybank and they said is not charged by them. IB charges on deposit?
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QUOTE(Krv23490 @ May 22 2020, 04:16 PM)
Nope, so far whatever i transferred from CIMB SG had no deduction
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Yes they did, for receiving incoming telegraphic transfer! I wrote on the first post already.... the fee is about USD$25.
Sorry for your loss but I'm happy to be correct. brows.gif

In Krv23490 case, it's a local bank transfer.
TSmoosset
post May 22 2020, 04:37 PM

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QUOTE(Raymond_ACCA @ May 22 2020, 04:35 PM)
Haha omg! cause my first transfer i put USD10 to test, and i did receive USD10. Then 2nd time put USD1,000 kena ady. I guess next deposit I better put more.
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really? then I suppose if everytime you transfer less than USD25, there's no charge? icon_idea.gif
TSmoosset
post May 25 2020, 08:00 PM

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QUOTE(Doublebond @ May 25 2020, 05:27 PM)
Hi all,
Just created new IB account through TSG, and currently I'm stuck at this step.

Q1: Lets say I'd like to fund USD 1k into the account using Instarem, which options should I go for? (Direct to IB, dont have Sg account)

Q2: "Please select the currency in which you would like to make a deposit"
      Either SGD or EUR or HKD is fine right as long as it is not deposited in USD ?

user posted image
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1. Bank wire .... or any other cheap method.
You understand what "transfer securities" mean right?

2. any is fine.
TSmoosset
post May 26 2020, 02:26 PM

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QUOTE(Raymond_ACCA @ May 26 2020, 01:00 PM)
Oh btw is the USD25 deposit fee apply to TSG too?
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This fee is charged by the recipient banks, not TSG or IBKR.

TSG & IBKR both have the same bank acc, so I guess yes. However, I've read somewhere that some ppl can transfer without this fee, so I guess it depends on your bank's relationship with IBKR's bank.
TSmoosset
post May 26 2020, 10:23 PM

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QUOTE(jay2you @ May 26 2020, 09:48 PM)
Just to clarify for bigpay, need go through sg bank first only to ibkr? Or can straight bigpay to ibkr?
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I thought you said you read everything? tongue.gif tongue.gif tongue.gif

According to previous posts (within these 2 or 3 pages), BigPay straight to IBKR without going through a bank.

I'd say it's a bit unconventional because you can't state your reference details (which you are supposed to).
TSmoosset
post May 27 2020, 11:58 AM

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HSBC has an Everyday Global account. It charges $4 USD (excluding cable) for same currency transfer, i.e. USD to USD.

Maybe someone can try? brows.gif

edit: there's also the Global View Global Transfer thingy, which I'm not sure how it works.

This post has been edited by moosset: May 27 2020, 12:34 PM
TSmoosset
post May 27 2020, 07:20 PM

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QUOTE(tadashi987 @ May 27 2020, 03:00 PM)
Biggest concern i think still the rate? haha bank rate always bad
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They claim zero forex conversion fee. Not sure the rate is good or not.

I was actually thinking, using this account to accept USD from IBKR; and when needed, transfer USD from here to IBKR. Both without going through HSBC exchange rate. brows.gif
TSmoosset
post May 27 2020, 08:15 PM

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Yggdrasil Did CIMB charge you for receiving USD from IBKR??

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