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 Interactive Brokers (IBKR), IBKR users, welcome!

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TSmoosset
post Oct 30 2019, 06:18 PM

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QUOTE(zenjiazenjia @ Oct 30 2019, 04:01 PM)
Thanks for highlighting this. If using instarem transfer fund to IBKR. how about later for withdrawal, how it works?
and let's say i transfer USD into IBKR, if i would like to buy Hong Kong stocks, how it works? do i need to convert to HKD?
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cannot use instarem to move fund to IBKR.
IBKR doesn't accept fund from third party, generally speaking. IBKR needs to get the fund from you and your bank account.
Instarem has your name, but they don't use your bank acc to transfer fund, so cannot.

for the second Q, yes.
TSmoosset
post Oct 30 2019, 07:00 PM

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QUOTE(Ramjade @ Oct 30 2019, 06:28 PM)

Actually can use for EUR transfer for instarem. Tried and tested. USD and other currency don't know.
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eh, really? IBKR accepts EUR via Instarem?? drool.gif

wah... then I've to try it lo....
TSmoosset
post Oct 30 2019, 07:05 PM

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QUOTE(Ramjade @ Oct 30 2019, 06:28 PM)
Actually can use for EUR transfer for instarem. Tried and tested. USD and other currency don't know.
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how come my instarem account says this "Note: Currently, we only support EUR as a sending currency. Please ensure you hold EUR account, otherwise your bank may charge you additionally for currency conversion for which InstaReM would not be liable." ??
TSmoosset
post Oct 31 2019, 04:33 PM

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QUOTE(livina2011 @ Oct 30 2019, 11:56 PM)
Malaysia banks i.e CIMB/MBB can buy US/HK/IND/THAI/SG stocks minimum brokerage is USD25 or 0.30%.(correction should be 0.40%) It is high if you use to scalp or day trade. No TT fees, No monthly charges or minimum trade requirement but price quotation is not live (it's delayed). You just buy USD to trade only 1 time conversion until you withdraw in ringgit. The downside is there is 0.5% spread not at spot. I think give and take charges should be neglible depending on your trading volume and strategy. What do you think? IBKR better or local bank better? How does Malaysian fund IBKR besides using your FAST method and TT?
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still too expensive! USD25 per trade vs USD 1.50. Especially if you want to average down your price over time.

but I suppose if you only trade once per year, then M'sian banks would save you the trouble.
TSmoosset
post Nov 1 2019, 10:19 PM

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QUOTE(Ramjade @ Oct 30 2019, 06:28 PM)
Actually can use for EUR transfer for instarem. Tried and tested. USD and other currency don't know.
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alexkos

if EUR can, USD should work. This is for Tradestation global, ie IBKR UK?


TSmoosset
post Nov 1 2019, 10:37 PM

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QUOTE(alexkos @ Nov 1 2019, 10:22 PM)
so far i tested Tradestation global (GBP), and Captrader (EUR)

both using Instarem no prob  cool2.gif
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I'm using tradestation global now and trying to initiate a bank wire. What do you put under the Sending Institution? Instarem?
TSmoosset
post Nov 2 2019, 10:03 PM

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QUOTE(alexkos @ Nov 1 2019, 10:22 PM)
so far i tested Tradestation global (GBP), and Captrader (EUR)

both using Instarem no prob  cool2.gif
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is there a reason that you never try USD?
TSmoosset
post Nov 2 2019, 11:44 PM

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QUOTE(alexkos @ Nov 2 2019, 10:26 PM)
I folo Ireland domiciled fund je. No prejudice to usd
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so in EUR you trust?

or in GBP you trust?
TSmoosset
post Nov 3 2019, 05:28 AM

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by the way, is the IBKR debit mastercard available for US??

so can withdraw money directly if you've balances in those currencies?
TSmoosset
post Nov 3 2019, 06:06 AM

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QUOTE(roarus @ Nov 3 2019, 12:21 AM)
He tried, it failed to go through and he got his money back like 3 weeks later
Once you buy securities with money - you'll be holding securities, not currency anymore. So doesn't matter which denomination you pick if it's a multi currency cross listed fund.

That is unless it's a currency hedge class fund
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thanks! I'm not familiar with currency hedged ETF. Still need to read up.
TSmoosset
post Nov 3 2019, 11:48 AM

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QUOTE(alexkos @ Nov 3 2019, 09:51 AM)
In sp500 I trust.
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I've looked through a few index today like TOPIX, HSI, FTSE100 and Euronext 100. Turns not nothing has returned as good as S&P500 over the last 10 years.

so invest 90% into the US stock market?
TSmoosset
post Nov 3 2019, 09:17 PM

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QUOTE(Cubalagi @ Nov 3 2019, 01:41 PM)
Buy EWM, currently trading at 2009 recession levels n trending upwards.. 😆
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so in M'sian stock market you trust? sad.gif

I think maybe I should move away from M'sian stock market, except 3 or 4 M'sian stocks.
TSmoosset
post Nov 4 2019, 12:50 PM

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QUOTE(livina2011 @ Nov 4 2019, 07:14 AM)
i've been away from malaysia stocks since 2010. i have friends been making tonnes of money in the beginning.his $0.30 stocks went up to almost $2.00 but after BN loses the election things start to turn. Besides the earlier $0.30 cents stock i mentioned all stocks in his portfolio is losing money now and wiped out 2/3 of profit. he sold one particular stock losing 4-5 million ringgit just recently only. If i tell you i have anticipated these to happen (tho i don know how it will happen) but it did happen on the night of election result.(you may not believe me but i hv no incentive to lie) i'm so thankful to PH gov for clearing out these fake economy by the previous gov. It will be worse soon you ain't seen anything yet. thats why i'm in US stocks hedging against our stock market.
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I understand.

While we are certainly moving in the right direction, I think need 10 years (at least 5 years if I'm being optimistic) for our economy to catch up. That's why I'm also trying to diversify out of M'sia. I also feel a lot of pain to move money out when RM4+++ = USD 1. sad.gif
TSmoosset
post Nov 5 2019, 04:16 AM

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what's the difference between these 2?

why need to download both?

edit: I'm using MAC and these two links are for Windows. sad.gif

user posted image

This post has been edited by moosset: Nov 5 2019, 04:47 AM
TSmoosset
post Nov 5 2019, 06:58 AM

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QUOTE(dwRK @ Nov 5 2019, 05:51 AM)
Just use web or mobile if you investing long term and not day trading.

The two are trading softwares to do lots of charting by respective companies
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so the username and password they sent me (after funding the acc) are just for this purpose?

what about analyst reports?
TSmoosset
post Nov 5 2019, 08:03 AM

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QUOTE(dwRK @ Nov 5 2019, 07:45 AM)
Don't understand #1. Don't you set your own during reg?

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yes, I set my own username and password for log in.

but after funding the IBKR acc, TradeStation global will send another set of username and password in order to access those two platforms (as in the pic). I got the email telling me to download these two platforms.
TSmoosset
post Nov 5 2019, 12:30 PM

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QUOTE(Ramjade @ Nov 5 2019, 10:52 AM)
After get username and password, just use IB.  Forget about tradestation global already.

Program is good if you want to convert money and don't want to see the transaction appear (if you choose fxconv). Default mode idealpro (on the website and profram). You can change to fxconv only in the program.
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meaning, download the IB platform? cannot use directly on the web browser?

if use the website, I can log in with my own username & password. Then why they give us a new set of username and password? rclxub.gif
TSmoosset
post Nov 5 2019, 12:31 PM

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QUOTE(dwRK @ Nov 5 2019, 08:10 AM)
go to https://interactivebrokers.com/en/home.php try login to portal and see work or not...
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the portal uses our own username & password; not the one I got from the email.
TSmoosset
post Nov 5 2019, 06:49 PM

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QUOTE(Ramjade @ Nov 5 2019, 03:40 PM)
I just use whatever stuff they email me. I didn't edit anything. As long as can log into IB webpage, means that username and password is valid for program.

Program is optional only. Not compulsory to have.
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Thanks!

I've also got some answers from them:

QUOTE

What's the difference between TSG and IB platform?
The difference is in the interphase, you will find that TSG is more user friendly and easier to use.


Must I download both TSG and IB platform? Can I not just perform trades online via a browser?

Yes, for TSG platform to work you will need to run TWS (IB platform) and TSG platform at the same time.
You can perform via web browser only with the TWS platform.
Also you can only use the TWS platform if you like, but as I stated before you will find that TSG platform is better.

I've clicked the link for setting up and downloading TSG and IB platform but they don't seem to be compatible with Mac OS. Do you have any suggestions?

You can download a Windows for Mac OS, this are apps that let you run windows supported applications.
TSmoosset
post Nov 5 2019, 09:54 PM

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QUOTE(Ramjade @ Nov 5 2019, 07:18 PM)
Don't use Mac. Simple lo. tongue.gif
Watch the video. Should help.
https://ibkr.info/video/2163
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my mac is the latest with Touch ID and Touch bar. Honestly, after less than 2 months owning this laptop, I started to regret already. I don't use this mac 101%, just 60 to 70% of its full capability.

should have saved the money for investment. doh.gif

I used to be more stingy, now I spend money more easily.

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