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 Interactive Brokers (IBKR), IBKR users, welcome!

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dwRK
post Feb 25 2021, 10:13 AM

the consummate chartist
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QUOTE(cookiexmonster @ Feb 25 2021, 09:59 AM)
Hi all - apologies, reposting this if anyone has an answer? smile.gif
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tsg id for tsg program

ib id for ib app/program

answered many times d...
dwRK
post Feb 27 2021, 03:11 PM

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QUOTE(AnasM @ Feb 27 2021, 02:02 PM)
what issue if transfer USD?
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ppl tested reasonable amount of usd, eur, hkd, sgd,... usd always get rejected
dwRK
post Feb 28 2021, 06:44 PM

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QUOTE(C7-arrot @ Feb 28 2021, 06:06 PM)
If I did not deposit any fund into the account, how they gonna charge the account maintenance fee?
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no charge... after 45 days they delete account
dwRK
post Mar 2 2021, 12:46 PM

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QUOTE(amirbashah @ Mar 2 2021, 12:21 PM)
Hi everyone. I transferred around SGD300 via InstaRem to IBKR and the status is "returned". Do you guys have any idea why this happen? Is it because the amount too small?

user posted image
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instarem no good
dwRK
post Mar 2 2021, 06:05 PM

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QUOTE(Amanda Wan @ Mar 2 2021, 03:32 PM)
Hi guys,after transferring money to Citibank account and create notification only realised they changed the account to Hsbc.anyone facing this problem too and what can I do ?
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contact cs

they should still have the Citibank account... just not sure if their automatic clearing is still working

worst case is money bounce back to you
dwRK
post Mar 2 2021, 09:49 PM

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QUOTE(Amanda Wan @ Mar 2 2021, 08:38 PM)
Thanks ! Money just shown in my account.luckily still able to proceed with the Citibank account.but now I unable to login to the trading market,anyone facing this problem too?
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no prob here...
dwRK
post Mar 2 2021, 10:00 PM

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QUOTE(edwin1002 @ Mar 2 2021, 09:56 PM)
why unable to trade leverage etf? Account setting there already approved for permission. I have submitted ticket to ask many times but no respond.

user posted image

user posted image
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you know about decay right?
dwRK
post Mar 2 2021, 11:17 PM

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QUOTE(edwin1002 @ Mar 2 2021, 10:02 PM)
Decay?
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rebalancing and decay... since you dunno maybe best you don't touch first

This post has been edited by dwRK: Mar 3 2021, 12:19 AM
dwRK
post Mar 5 2021, 12:27 AM

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QUOTE(HuiChyr @ Mar 4 2021, 09:16 PM)
Hi Guys,

Being reading this thread from the beginning and thank you to all the information.

I know most are doing for investment purpose; that is to hold the share/etf for long periods. So basically divide into 2 groups :
Day Trader: Frequent buy and sell
Investor: Buy and hold for capital gain in long period.

However, I hv questions abt choosing btw pure IBKR and Whitelabel. Is it better to use pure IBKR if you do some day trading? The trading volume is enuf to cover the $10/month commission. But still not high volume for tier pricing la. For the day trader, is it worthwhile to stick to pure IBKR?
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you need > $25k to day trade
dwRK
post Mar 5 2021, 07:55 AM

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QUOTE(HuiChyr @ Mar 5 2021, 01:10 AM)
Oh ya ka? But this limit is for margin trading for options right?
How abt long and short shares/etf?
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everything related to shares incl etf/options
dwRK
post Mar 5 2021, 08:21 AM

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QUOTE(HuiChyr @ Mar 5 2021, 02:49 AM)
I don't know how you get USD0.35/transaction.
Frm IBKR webiste
USD 0.005 per share or USD1.00 min/ order.

I believe I'll hit the USD1/order just bcoz my volume is not big. That's abt 10 transactions.
Also, the commisision of USD10 will minus from the total commission per month. Lets say my total commission is USD6.50.
Then I pay USD10 - USD6.50 = USD3.50 ... which is OK.
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tier pricing

you're prepared to pay...good to go

dwRK
post Mar 5 2021, 11:42 AM

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QUOTE(ye0073 @ Mar 5 2021, 09:28 AM)
PDT Rule does not apply to cash account.
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yes... but you forgot t+2
dwRK
post Mar 12 2021, 05:12 PM

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QUOTE(Manatau @ Mar 12 2021, 05:06 PM)
Thank u sir. They just change my acct to margin and now I see available funds positive

May I ask do need to worry much about the margin requirements when buying stock? Reason being is the initial and maintenance margin seems like a load of information I have to absorb and learn..
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be aware of pdt rules on margin account yeah...
dwRK
post Mar 12 2021, 10:13 PM

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QUOTE(Manatau @ Mar 12 2021, 05:31 PM)
Thank you. So I have to pay attention to the day trades left T=2

What is the margin requirement of ibkr? Say if I go all in with my available funds...
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buying power shows you how much you can spend... example deposit $1000, buying power $3000... you can spend $3000, and $2000 will be the loan...

system will show maintenance margin required... if below this, quickly top up or system will liquidate some stocks, not all, to meet the requirements

the 50% overnight margin is probably for futures or something else not stock, but i can be wrong...
dwRK
post Mar 19 2021, 12:48 PM

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QUOTE(Ladszy @ Mar 19 2021, 11:43 AM)
Just got my account set up. Registered for margin and I think this is a bit different compared to the Malaysian margin accounts.

Will they only provide a limit once I make a deposit? Is there anyway to get some buying power while I try to get my funds deposited?
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yes. no.
dwRK
post Mar 22 2021, 12:19 PM

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QUOTE(Manatau @ Mar 22 2021, 11:23 AM)
Hi gaise. Anyone attempted deposit over the weekend? When does it get credited?

I'm waiting today day 1 business day
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they still sleeping
dwRK
post Apr 14 2021, 08:17 AM

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free riding is on stocks/etf only... not fx
dwRK
post Apr 18 2021, 11:44 PM

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QUOTE(ahleemaju @ Apr 18 2021, 09:53 PM)
what if fintech under my name?
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nope... xfer will be from fintech

yr account name in fintech... is just fintech internal record only
dwRK
post May 2 2021, 12:47 PM

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deleted

This post has been edited by dwRK: May 5 2021, 11:07 AM
dwRK
post May 5 2021, 09:22 AM

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QUOTE(no6 @ May 4 2021, 11:50 PM)
may i know what is the function of "close position" button under currencies usd.sgd that was transacted earlier ?
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you open a position when you buy/sell... close does the opposite

if you buy usd.sgd... close will sell usd.sgd

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