It's great, the following is a snapshot of the CURRENCY.PAIR, BID, ASK and LAST DONE:


Correct, if you're not a trader you can probably live with quotes off google finance/investing.com

Thanks!

Also im seeing alot of u using tradestation global and everyone says the fee for us stocks is 1.5usd.. And theres no inactivity fee. Thts just 50c more per trade and no inactivity fee.. Making it a better choice than IB.

But when i google abt tradestation global... They do charge inactivity fee. Am i looking at the wrong place. Can someone show me where it says theres no fee? Cant find it.

https://pictr.com/images/2019/12/06/5wTFLX.md.jpg

ib fx trading is non-leveraged right? we've been mainly doing conversations

as for market data...some of google/yahoo are actually live feed...but not all instruments

This post has been edited by dwRK: Dec 6 2019, 06:04 PM

boss roarus got email confirmation from them...no fee

I was being charge sgd1.37 for Nov 2019 by IB as account minimum fees.
My IB is affiliated with trade station global
Does anyone have the same fees charged as well?
From July to OCT no account minimum fees was charged

what? so there's a 1usd fee?

did you email them?

Emailed tnem. Waiting for reply

I'd say some of the info on their website info is outdated, for example:
i. NYSE trades are $1 min (bought 1 ticker on NYSE ARCA for shits and giggles)
ii. For inactivity fee, I've contacted support and was told no inactivity fee (well specifically, I asked if I traded only 1-2 times a year would there be inactivity fee imposed)

For 'educational' purpose, (because I think borrowing money to trade FX is not likely going to end well) - I'm 90% sure you can open a virtual position for currency via IDEALPRO on a margin account.

Or you can check out this thingy called CME FX Futures or its Micro/E-Micro equivalent (definitely tradable with IB account, do check if it's tradable via TradeStation Global). Supposedly it's a whole lot cheaper to trade (by contract vs % of cash value) with similar spread tightness.

Perhaps do a Reports -> Statement run for month of Nov 2019 to see what the item description is?

This is a minimum activity fee of USD 1.00 in the base currency of yours (SGD)

It only applies to small balance accounts

You can find detailed information here:

https://www.interactivebrokers.co.uk/en/index.php?f=38234

And my balance is around 1k usd . Attach below is the screenshot given to me
Fees waiver for first 3 months. For my case which means July to Oct. And fees will be charged if balance less than 100k usd. Based on my understanding

Looks like you were hit with this - Broker Client Account min liquidation value < USD$1000


Did you have on the dot USD$1000 equivalent of SGD during account opening? USD.SGD might've fluctuated and you ended up with < USD$1000 on certain periods

Are you using whitelabels or pure IB?
Do you have any stock holdings with them?

I am using tradeglobal station. My acc is idle. Didnt do ant trade yet

There is a dot. 1-2usd surcharge. I have added another 20usd.. Let c is there any charges for next month

You have your answer there already. Your account less than USD1k.
I fund my account with USD5k, I make sure it's USD5100 hence there no extra fee. Then proceed to buy stocks from them.
So far I am holding > USD5k with them in stock holdings and no charge.

Adding USD20 is not safe. Cause possible earlier on your USd1K is not enough. So if say is only worth USD979, adding USD20 won't solve the problem. Please add like USD100-200 for extra buffer.

Also open account when you want to buy stuff. Don't open account and let it be idling.

I have 2 questions.

1) I opened a TradeStation account but it lead me to IBKR.
After I opened IBKR, I was unable to follow the instructions to convert to TradeStation. I made a trade and both TradeStation and IBKR emailed me about the transaction. TradeStation also said thank you for funding via TradeStation. Is it safe to assume my account is under TradeStation?

2. Do I have to trade under TradeStation or I can use IBKR like usual to enjoy TradeStation fees? For some reason I don't know how to use TradeStation.

correct me if I'm wrong but here's my understanding.

If you opened your acc with IBKR first, then you need to link with TSG by following their instructions. If you opened your acc with the link via TSG website, then it's already linked.

When you go to IBKR portal (after login), you'll see a TSG icon on the left hand side, along with IBKR icon, although in my case, maybe I'm using mac, that's why that icon is just a blank white rectangle.

You can trade via IBKR platform (TWS) or TSG platform. It's up to you. Since I'm using mac, I can't use TSG platform. In order to use the TSG platform, the IBKR and TSG platform must run simultaneously. Run IBKR first, then run TSG with the login details you received.

This post has been edited by moosset: Dec 8 2019, 11:12 PM

I did this and I can log into TSG client so I'm guessing my account is under TSG now.

Thanks!

1. That's correct. Login using IBKR and TWS IBKR (program)
- pick either one
- I never use tradestation program. I stick to IBKR. Tradestation is only use for opening account.
Login to IBKR web portal. Not web trader > report > statements > run statement > account information > you will see tradestation

2. Trade using IBKR and still use tradestation fees.

I have a question regarding Instarem.
I am trying to send money from MY to my SG CIMB account.
Why is Malaysia not listed in country of residence on the Instarem website? :/

HAA!! You have the same problem as me! Now you need to restart!!

When you start instarem from the very beginning, even before verification, you chose a country already. And once chosen, it cannot be changed! You can only transfer money from your country of residence (or chosen country).

If you choose SG in the beginning, you can only send SGD.