seems like my account is created after receiving a call from someone from IBKR (which doesnt sound professional/business like).

now, I'm seeing this page. I want to transfer $ to my MBB SG account and from there to IBKR SG. So should i select Transfer Fund, select SGD and make a deposit instructions in IBKR Client Portal and then from my MBB SG account do a FAST transfer to IBKR SG Citibank account? Is the steps correct?

you have same issue with me which i posted back few page behind. No need upload any doc and account opened lol

Just to confirm, SG account (MBB or CIMB) is only necessary for easy withdrawal right? Any cons to opening IBKR/TSG first and only doing the SG account later on?

Also, some confirmation on the fees for TSG, it's only the amount which is shown on the link provided in OP (currently 0.007 USD per share), no further hidden charge? Or is that fee in addition to the IBKR fee (different tiers in the OP link, I'm still trying to read and understand)?

Also, I guess no harm when opening TSG account to take advantage of promo like https://www.tradestation.com/promo/cash-reward/ ? (Deposit X amount to get Y additional, where Y is <1% of your deposited amount)

EDIT: Hmmm... going through IBKR opening, when they ask 'net worth' how to calculate that for a married family (we hold funds jointly managed by me, both also income earners, even though most of our bank accounts/investment is theoretically one person's name). Is it very important what figure I put there?

sg account for now just save you a bit when bringing usd back to myr due to sgd-myr fx promo... otherwise not necessary

no add on ibkr fees...but got minimum rates ya

that promo is "wrong" site ah...that is ori tradestation US, trade US stocks only... we all talking about tradestation international which is different company... you can still open and enjoy the promo

just hantam what you think you are worth ah

Hey guys, I've opened IBKR
And im trying to fund my account, yes i saw many post on funding IBKR via CIMB SG, Instarem ETC ETC

anyone of you have tried to do a FTT from CIMB straight to IBKR US ?
FTT
MYR > USD straight to IBKR account

My first try i got rejectec

Pick tiered pricing and it only cost like USD0.35/transaction.

yr math is correct ...

You should evaluate based on marginal benefit basis.
E.g. TSG charges 2.5% additional interest on IBKR's rate for margin.

If you borrow >$4800 per annum (don't plan to close the margin), it's better to use IBKR instead.
Reason is because you are charged additional $120 per year for borrowing $4800 using TSG than IBKR.

This means if you have no transactions during the year and borrowed $4800 on margin, and margin rates are:

IBKR	0%
TSG	0%+2.5%=2.5%

Your monthly statement will look somewhat like:

Detail	IBKR	TSG
Minimum commission	$10	$0
Additional finance cost	$0	$(4800 x 2.5% / 12)=$10

So, you technically break even if you borrow exactly $4800 for the whole year.

This is one method of evaluating which is better for you.

FX rate is higher than fintech of course, but i don't see other way to bringing back fund from IBKR to malaysia. At least with FCA I can hold USD until the rate favors me.

TT fees from Malaysia to US is RM45 per transaction. And then US will charge additional fees when receive the fund too. But all in should be less then RM100. According to Relationship manager

wonder anyone ever tried to withdraw from ibkr directly to ur m'sia bank account? say USD to MYR

tried to withdraw to my mbb account but required corresponding bank info before allow to proceed.. basically its not enough to just input ur bank details (name, account number, swift code, etc).. anyone encountered this hiccup before?

I withdraw to my sg bank account without any charges.

i think the correspondent bank code you looking for is "CITIUS33"
do double check with MBB before transfer, later $$$ missing don't blame us

P.S SGD withdrawal to SG bank do no need correspondent bank, just search and select then will get the funds in about a week time.

no. but ur question prompted me to search, and found after 5 mins or so.

First transfer yes, after that they just send email saying needed to verify and after few hours it’s credited into acc

yep, transfer receipt and bank statement to prove that the fund originates from me

Hi all,

I'm new to IBKR. Just have a few questions about it.

1. Does it have real time trading?
2. Is there any tax charged for buying and selling stocks? How much?
3. How do you withdraw your money back to malaysia and is there any fees or charges?
4. Do we get Zero Commission US Stock Trading as a Malaysian?
5. How long does it usually take to open an IBKR account and what kind of info do they require?

Have anyone tried using another person’s BIGPAY account to transfer to IBKR? Asking this as my bigpayinternational transfer already reached limit for the month.

Hello Sifus,

May i know if malaysian can apply for DBS/POSB sg account online?
Not a PR/working permit....

Thank you.

Anyone had to reupload documents for sign up? The application page doesn't show pending anymore but also doesn't show completed...

Hi there, i am looking for some advice... appreciate you can help with your experience.
My current situation:
1. Investing in US market via Maybank Global and eToro.
2. Planning to switch to IB or TD Ameritrade
3. Applying both concurrently. IBKR Pro approved within 3 days (considering to link it with Tradestation Global), however still pending TD approval after 3 weeks.
4. Reason to change: MB Global - USD25/ 0.4% per trade... conversion loss.......eToro - i reached Platinum level... 0 fees for withdrawal... deposit via credit card... no fee just conversion loss.. everything seems good.... however... i don't like to receive money from funny funny accounts... u know what i am talking if you are eToro users.... feeling weird
5. Trade only US stocks…..no ETF, Option, Forex or whatever cos I no knowledge in it…. 60% invested for long term.... 40% short term
6. Pump in money whenever got extra.... hardly withdraw... the most.... maybe once a year.... nowadays USD seems weaker... no way...

My questions:
1. i have done some howework and generally IB is cheaper in everything (mostly) except the inactive fees... i personally dont find it convincing for me to trade via IB.... because of the inactive fees...even i link to tradestation also will incur some minimal trading fees like minimum $1.5/trade.... whereby TD is free... if i do not mind the USD 25 withdrawal fee (cos i hardly withdraw...IBKR only USD 10).... Do you think it is ok to use TD SG? I know the other best thing about IB is their low margin fees.... i have margin account in MY market but i don't think i will need margin in UD market...yet
2. about Fund transfer… I do not have experience in this…. For eToro…very easy…..can use credit card only…. So what if I use TD/IB….. I heard a lot transferwise and I already registered…. haven’t tried … I plan to transfer 1 time like USD 30k …. If TT really gonna cost a lot more compare to transferwise/bigpay/paypal/instaRem?
(I will avoid the CIMB SG route cos I do not even have CIMB account in Malaysia)
3. By the way…. Will TD and IB charge you a fee when u deposit money to them? I overlook this part…

Sorry for my long msg…. hope you guys who has experience can help. I do not really looking for the ‘cheapest’ option…. I prefer the most ‘cost effective’ way. Thank you

deposit to, or withdrawal from ibkr?