hi, i have registered IBKR Pro and now i want to link it with Tradestation broker....however i got an error notice: "U45xxxxx -> I2093204: The broker account is of a different entity." anyone encouter this issue? or should i just forget about IBKR Pro account and register a new one with Tradestation global? i have not funded my IBKR yet....

Hi all, i actually tried to transfer small amount of MYR -USD in IB to see if will success via transiwre. Do i need to i form customer service from IB? Because it didnt reflect in my portfolio

Hello Sifus,

May i ask if fixed or tiered commission better for small account?
Thank you.

Hi, can Tradestate Global apply for Ant Group IPO?

For dividend election, what should I put?

Reinvestment or Receive Cash, I want to reinvest all the dividends, but I think not enough haha since per share price so high.

Reinvestment got any fees charged?

Hi All, the last transaction using transwire MYR > USD to IBKR is successful:
IBKR account:

Transwire transfer confirmation:

first pic ibkr account

you must have used tt/wire... kena intermediary bank fee $25

I just made a Transferwise account, but cant seem to withdraw money to it? can anyone help? i read that they closed down borderless account for malaysians. can anyone update?

Now I am curious Are "borderless account" referring to TransferWise account with Bank Details under our name? Was poking around and still saw the "... Balances with bank details" in some currency but never tried before.

May I ask how the banking charges are like?

Never had to withdraw because I just keep putting money. But I might need to one day. So, if TransferWise is a no-go, I should open a savings account at CIMB and then CIMB singapore savings account? I am now using Public Bank

haven't compare the two so im afraid im not qualify to comment on the comparison..

won't say bypass.. i guess it's always possible subject to verification request by ibkr, as it's a 3rd party transfer afterall.. but im not sure why my transfer this time was not subject to verification request.. probably it's only a small amount

been using IBKR for 2 days..... i found out it won't allow me to convert all SGD to USD..... must leave some balance.... u guys know what is the minimum balance to keep in SGD?
so far i'm happy with the money transfer and low rate...  but i really not used to the delayed quotes.......

You can use transwire to transfer MYR > USD straight. I have done that for twice. However it took long times to process includes investigate more money laundering. It took me around. 1.5 week to appear in my account

if you meant ACATS...that is a broker to broker xfer

Money transfer
These methods have worked in the past:
1. InstaRem: transfer HKD, SGD, GBP to IBKR (EUR - worked for some, rejected for some (25th Aug 2020));
2. CIMB: transfer money (via CIMB transfer or InstaRem or Transferwise) to CIMB SG, from CIMB SG to IBKR in SGD;
» Click to show Spoiler - click again to hide... «
3. Transferwise: transfer SGD, AUD, GBP, EUR, HKD, CAD to IBKR (for Canadian dollars, it takes longer than usual. Beware!);
4. Bank Islam (over the counter);
5. Maybank Internet banking, about $25 for fees;
6. BigPay (to deposit SGD) but can't enter your own reference number.

Guys i note from the first page maybank internet banking is possible for fund transfer.

Is this applicable to maybank malaysia account? I presume withdraw from IB to maybank my also possible? Tq

ABA is bank routing system in US

ACH is payment xfer in US... something like our FPX

should pop up only with usd deposits...ACH need to link to US Bank account

6. BigPay (to deposit SGD) but can't enter your own reference number.

If cannot put the reference, then how IB know the transfer is from me?

Updated 02 Jun 2020
For withdrawal, you can withdraw to your bank account in any developed country like Australia, UK, Singapore, HK etc.

Alternatively, you can also open an account with Transferwise and get a borderless account. It's possible to withdraw EUR from IBKR to TW Borderless account. I haven't tried other currencies yet but will keep this post updated as more info comes in from other users.

The above quoted from front page, seems no option for withdrawal for malaysia?

Thanks moosset and Gwynbleidd.

Im still confuse but from what i gather if I only have Maybank MY account:
1. Transferwise not available to malaysians as pointed out by Gwynbleidd. (sorry on a second reading, Gwyn meant for borderless account. That means we can still use transferwise to deposit to IB, right?)
2. I will incur additional transfer charge and forex charge from Maybank for deposit into IB.
3. After deposit, all else will be the same while trading in IB.

I am currently trading US stock using Hong Leong. The USD exchange rate quite competitve most of the time, only about 0.5% difference between buy and sell rate. Then the minimum charge for buying stock is USD25 + some other small fees, which i thought is quite expensive.

If i transfer to IB using MBB, i wonder if it will be even costlier as if i remember correctly the exchange rate could be nearly 2.5% higher than actual rate.

yes tw has ach... wire is cheaper for me hence I don't use ach... ach is also slower