I will move if I were you. Of course, I'll only move if my balance is reasonably above $100k because stocks may fall and the balance may fall below $100k again.

The main reason to move is the cheap margin.

IBKR margin is the lowest in the market.
Btw, TradeStation and TradeStation international are different entities.
However, I'm not sure if TradeStation International offers the same rates as IBKR or not. I do believe they follow IBKR.

Err.. How do I transfer SGD directly to IBKR via Instarem?
Do I need to inform IBKR of the transfer?

Log in here to perform transfer.You can only log in once you received the code via sms.



Use this online form. No need to fill physical form.
You are not Singaporean/no PR so click "Fill form manually".

I'm confused why you are asking this when you said you "linked the SG fast saver account to my Cimb clicks Malaysia"

Double post

This post has been edited by Yggdrasil: Mar 3 2020, 08:39 AM

Have you sent the manual form? It might take longer than the online form because the letter has to reach them.

As for me, CIMB Singapore called me a few days later after I made the transfer and asked me why I needed to open an account there when I can just use their foreign currency account instead. I had to talk my way through.

Just activated margin on IBKR (Tradestation Global).
From IBKR's website, it says that interest is accrued daily. Meanwhile, Tradestation Global says their margin rates is what IBKR quotes +2.5%.
Haven't bought anything on margin yet but earlier I tried to place an order for EQQQ.MI in EUR when I only had SGD and USD, the order was placed (I cancelled before it was matched).
Will report back when I'm ready to use margin

Yeah TSG currently but technically it's IBKR's system but using TSG's pricing

USD has more regulatory barriers. From my experience, CIMB SG does not allow transfers to IBKR/TSG. Meaning if you transfer MYR to USD via Instarem to your CIMB SG Savings Account (USD), you cannot transfer out to IBKR/TSG and can only transfer to other CIMB SG Savings Account (USD).

First, tell IBKR that you will be transferring funds from your bank. Letting them know the Swift code of the bank and the amount. Swift code should be CIMB SG's. You can get the swift code online. Just Google it.

They will give you IBKR's account number and instructions. Something like this:



When you make the SGD transfer, copy the Payment Reference and put it in your transfer details.

I'm trying to send directly to IBKR but the detail here already exceed word limit. What do I do?

.au is the correct website.
If you want to create TSG, make sure you register through TSG before it redirects to IBKR.

What did you send them? You need passport (identity), IC (address) and payslip (if you put fund using salary).

Anyone here successfully used IBKR's cheap margin to get higher return? I.e. buying ETFs using 1.5% margin and hold long term

Will this affect us? Any difference/cost saving?

I just sent EUR direct from Instarem to IBKR.
Instarem says that the money has been sent.
However, IBKR still says pending receipt.
Anyone faced this issue before?

Won't be rejected.

Yes IBKR received within 5 hours after Instarem sent the email.
Panicking a bit because first time sending EUR directly.

Yes IBKR received within 5 hours after Instarem sent the email.
Panicking a bit because first time sending EUR directly.

IBKR lite is for US citizens only as for now.

Anyone here knows why I am unable to buy/sell options although I've been approved? It keeps on saying I don't have permission but account management says I do and any changes to my details will downgrade my permission for options (making me ineligible to trade).

Is there a minimum balance for options? Because my account may have fallen in value the past few days lol

Here it says no permission.


Here it says if I change, I am downgrading and removing options.


This post has been edited by Yggdrasil: Mar 15 2020, 10:45 AM