Have you read of any cases where BNM or SC prosecuting anyone using those websites (those legally licensed by the the UK/US/HK/Singapore financial authorities) for trading? I doubt they have time for small timers like us. They probably more interested in those that scam the public for millions of ringgit.

Hi.
I don't trade options but I am planning to. But there's just 1 small bit of options trading that I don't like. I hope someone out here can help me. I find the quotes in options trading shows a very wide spread, which means slippage costs are high. Furthermore the volume traded is very slow relative to the trading volume of the underlying stocks. In other words, options trading liquidity is very low. Under these circumstances, isn't it better to trade the underlying stock? Also, if one wants leverage which options trading can give, one can also trade cfd stocks: which normally would give a leverage of 10x. Can option traders share their views here?

This post has been edited by swiss228: Oct 11 2021, 10:26 AM

But got free snapshots. Good enough if you don't trade every hour of the day

Hi,
Can anyone tell me how do I check the interest rate charged by IBKR? Their Activity Statements show the amount they charged, but I don't have a clue what is the interest chargeable rate pa for margin accounts, for holding short positions, etc etc.
Or, alternatively, are their interest rate charged for margin stocks less than Malaysian stocks?

Thanks! Your posting is very informative.

Did anyone here subscribed to TOGGLE services that are available in IBKR? Apparently, they pay all your IBKR trading fees up to the value of the monthly subscription (USD$9.99). Their subscription pitch is they use data to help investors to make investments decisions. Just curious to know how good this data analysis is...

Hi,
Does anyone knows whether IBKR will withhold 20% of dividend payments for UK listed companies? Would appreciate if someone could answer this so that I can plan ahead whether to buy the UK listed shares. TQ

Hi,
Thanks for your reply. Some UK companies give very high dividends.

Could it be the FTSE index performance underperformed the US stock indices precisely because of the dividend oriented bias by these fund managers. Dividends paid are deducted out from the index calculations.
As to your other question, I am looking at J Sainsbury. They going to pay 0.99p in about a month's time. And, strange on the day they announced their dividend, their share price dropped by 7% from their previous day's close, giving it a 4.4% dividend yield: and that's on their final dividend yield calculation only. It does remind me of the joke about a young economist who stoops to pick up a $20 bill he sees on the road. An older colleague tells him not to bother because if there were really a $20 bill there, someone would have picked it up already. "The efficient markets hypothesis".

This post has been edited by swiss228: May 10 2022, 08:38 PM

Hi,
Can't read the FT cos I am not a subscriber.

Hi. IBKR deducted 20% from the dividends I received from a UK public listed company. From a previous posting, a commenter advised me there is no witholding tax for UK public listed companies for foreign investors. So, why is IBKR deducting 20%? Would appreciate input from fellow investors. Thanks

Hi,
I just rechecked.
I bought some stocks after ex div date, so those stocks are not entitled to the dividends. So, basically IBKR paid in full, with no witholding tax whatsoever.


This post has been edited by swiss228: Jul 20 2022, 08:28 PM

Hi.
Does anyone knows what does the acronym CTR% means? I check the portfolioAnalyst under the Performance & Reports tab and I come across the CTR% column but I don't understand what does it measures. Would be grateful for some help here. TQ

Thanks for the explanation. So, it depends on the period I select as well. Makes perfect sense. TQ!

I discovered that we can also trade usd/sgd. Seems like the minimum contract is USD25,000

Hi,
Has anyone checked whether IBKR pays USD 4.08% on uninvested cash balance? Do we have to convert all our cash to USD before we are eligible? Coz I saw an advertisement from IBKR showing a comparison of how much brokers pay to clients for different brokerage houses. Needless to say, they claim to pay the highest rate.

Thanks for yr reply. So long as the interest is auto-credited and there's no need to do complicated FX swaps, I am happy to leave it as it is. While there is no point leaving more than 10k USD in idle cash, anything above 4% is not that bad, considering most banks in Malaysia 1-month FDs rates are only 2.50% pa. And, it's likely that MYR may depreciate even further next year wrt to USD. Last month's MYR/USD drop was fairly substantial.

I haven't tried those 2 yet, and I use IBKR because you recommended it!
I am quite happy with it, & IBKR being a US public listed company can command traders' confidence. Idle cash is useful because if the market falls, it gives us the ability to buy our favourite stocks at cheaper prices. The s&p performed badly last month, and if idle cash in IBKR pays 4% without withdrawal restrictions, I think it is attractive. Even if Moomoo or Tiger pays more, I don't think its substantial for me to move my account over.

I use IBKR mainly for swing trading not so much as a place to park money. Transaction costs are low compared to Mysian stocks. And, as we all know, part of the thrill in trading US stocks are their volatility. And, not to forget: we can
go long or short. A combination of both is what hedge funds do....and we can also do it albeit at a much more smaller scale.

[quote=TOS,Mar 4 2023, 03:19 PM]
And with a lower probability of success...

One of my derivative professor told my class that hedge funds can achieve Sharpe ratio of 5 so they won't even bother with currency carry trades (Sharpe ratio 0.5), and thus only investment banks do that

S&P 500 Sharpe ratio is around 0.36-0.4.

US Treasury fixed income Sharpe ratio is around 0.3-0.33

So long as I am able to beat the performance index of the S&P 500 Stock Index (conveniently benchmarked for us on IBKR homepage under Performance) , I deemed my relative performance as a success. No need to compete with professionals.