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 Interactive Brokers (IBKR), IBKR users, welcome!

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dwRK
post Nov 10 2021, 12:19 PM

the consummate chartist
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pink stocks need different permissions I think
dwRK
post Nov 12 2021, 08:01 AM

the consummate chartist
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QUOTE(xdontmessup @ Nov 12 2021, 01:40 AM)
user posted image

anyone receive this? i use wise borderless USD direct transfer, so after 30nov i can't transfer with wise anymore?
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ask wise... ach links accounts to owner... not sure borderless is real or virtual...
dwRK
post Dec 11 2021, 01:43 PM

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QUOTE(sgh @ Dec 11 2021, 12:30 PM)
Noted but TD zero is for US exchange stock,ETF other country exchange is expensive per trade.

I will check IB on their settlement is it T+7 or T+3 as this is crucial I need to sell all within that time period. Also how much limit am I allowed for each account. Long time ago my friend buy trades up to 1 million shares until get blocked. Was asked to clear his previous trade first before start next trade. Contra and short investors do not hold stocks, ETF they are in for monies which require full-time monitoring fast internet and uninterrupted electricity.
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just go for margin account...skip the settlement issue... just need $25k account...

your limit is based on buying power which is based on account value...
dwRK
post Dec 12 2021, 10:52 AM

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QUOTE(sgh @ Dec 11 2021, 01:53 PM)
Margin means use X dollars to buy stock, ETF that are much more than X dollars worth of shares in a single trade correct? Such investment like contra short requires full time monitoring but I still held a full-time job. I will gather info first.

Long time ago I attend seminar on forex trading a pair of currency and make profits,losses based on their fluctuations which also need constant monitoring.

Thanks all for sharing this highly profitable/losses investment. They are still better than play at casino. Spore casino before enter Sporean lose $150 entrance fee!
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only you can decide what kind of trader you wanna be...

got friend is kanchiong scared to lose type... so spend few hours every day on dedicated scalping...

me is tidak apa type... swing a few week, sometimes trapped end up position trade with big draw down... never monitor for months on end... lol

but still... market gives everyone good opportunities to win... casino only random few... another friend is pro gambler genting 9-5 type... if got good discipline can still beat the house
dwRK
post Dec 17 2021, 09:44 AM

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QUOTE(HolyAssasin4444 @ Dec 16 2021, 10:23 PM)
» Click to show Spoiler - click again to hide... «

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wise fees are not fixed... depending on amount, % changes
dwRK
post Dec 17 2021, 09:50 AM

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QUOTE(Hansel @ Dec 15 2021, 02:04 PM)
I'm also like you, bro,... my AUDJPY pair went up and down and I forgot abt it. And I kept paying interest on the JPY margin loans but not earning anything from the AUD loans.
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bro... you give me your account I trade for you... rclxm9.gif

oh I forgot past 9 months I no motivation to trade... laugh.gif
dwRK
post Dec 20 2021, 08:26 PM

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QUOTE(premier239 @ Dec 20 2021, 08:03 PM)
if I buy fractional share, for example 0.5 + 0.5 Tesla, when I want to sell later, will the system q to sell 1 Tesla share, or it will q me to sell 0.5 + 0.5 to someone want 0.5
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1
dwRK
post Dec 28 2021, 01:16 PM

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QUOTE(Davidtcf @ Dec 28 2021, 10:45 AM)
I ask their chat support.. they just reply me as long I got the money in IBKR it's fine. Don't need to keep the receipts also ok. (but to be safe will still download and keep)
the above chat support need to be accessed while you are still logged in. Go to help there > support and search for chat function. If not logged in can't trigger this.
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just keep forever... or minimum 7 yrs
dwRK
post Jan 4 2022, 07:35 PM

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QUOTE(Hoshiyuu @ Jan 4 2022, 06:46 PM)
With good self control margin account can offer many benefits, maybe can consider it too.
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ya... change to margin account... use like cash account... done
dwRK
post Jan 6 2022, 08:14 AM

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more competition is gooding... but probably won't affect ibkr/tda much
dwRK
post Jan 16 2022, 07:44 PM

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QUOTE(blackchides @ Jan 16 2022, 07:02 PM)
Yeah, so it's deposit funds as part of first time account set up. I've put some screengrabs below.

» Click to show Spoiler - click again to hide... «


It just goes all the way to those US bank accounts which we wont have the username and password for because it's technically Wise's account. Strange...

Maybe a separate question, tried searching thread but didnt find a direct answer. Can I use TransferWise to wire the funds in (as in not ACH, just wire transfer via SWIFT)? If can, what sender account details do I key in at IBKR like account number swift code etc? Ie. how do I get the right Wise account details to key in for IBKR?

Apologies in advance if questions are too elementary.
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you don't need user name and password... the ach method needs to verify that you have control over the account... and you do through wise... ibkr will make 2 small deposits and 1 withdrawal once you confirm the deposits... this will connect both accounts

the wise routing number will show what bank wise has set it up for you... it is either evolve bank and trust or community federal something something... you can find this info under your wise usd account...


dwRK
post Jan 17 2022, 07:24 AM

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QUOTE(KingArthurVI @ Jan 17 2022, 02:19 AM)
How do I use margin account "safely", meaning like a cash account? Do I use margin account to buy some stuff, and if the order happens to get filled, then I pump cash into my account immediately?

If the above is true, how long do I have to pump cash into my account after the order gets filled?
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deposit 10k... use 10k...
dwRK
post Jan 17 2022, 06:18 PM

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QUOTE(jas029 @ Jan 17 2022, 12:01 PM)
this account connect option where they make small deposit and withdrawal for verification is no longer possible i think.. eversince they refreshed their deposit option to require login to online banking, newer users are not able to connect their Wise account with ibkr anymore unfortunately
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thanks for update. looks like cannot find both banks used by wise... cannot proceed further...
dwRK
post Jan 17 2022, 06:59 PM

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QUOTE(KingArthurVI @ Jan 17 2022, 06:36 PM)
Can I do something similar to my local CIMB iTrade brokerage, where I leverage the margin to place an order that gets filled, but I have T+2 (two days) to settle the outstanding balance. As long as I pump cash and contra off the outstanding before the balance is due, I won't get charged interest.
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margin for USA different from Malaysia

Account must have cash/stocks... system will then calculate buying power... this will be how much you can buy

buying anything more than deposit/gains you get charge interests immediately

you cannot buy anything with zero balance
dwRK
post Jan 17 2022, 10:02 PM

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QUOTE(KingArthurVI @ Jan 17 2022, 07:09 PM)
Yeah I mean if I have $10k worth of stocks in my account, I'll maybe have $5k margin to play with. You're saying as soon as I buy anything that uses that $5k margin, interest gets accrued on day 0?
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iirc... yes calculated and accrued end of day 0...

edit: see here
https://www.interactivebrokers.com/en/tradi...ion-details.php

This post has been edited by dwRK: Jan 17 2022, 10:06 PM
dwRK
post Jan 18 2022, 11:14 AM

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QUOTE(Hoshiyuu @ Jan 18 2022, 10:45 AM)
Yeah, for the first option, the deposit action itself it the linkage. The next time you don't need to start an intent at IBKR - you can just remit from Wise directly and receive it. E.g. Wise's send again feature. You won't need to pay a Wire fee this way.
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ahh ok... first option is like wire... you get details from ibkr... you instruct wise to send $ to ibkr but using ach method... accounts are not linked up, but ibkr info is saved in wise for next xfer

just saw ziet's video... he still pays a fee to wise

This post has been edited by dwRK: Jan 18 2022, 11:16 AM
dwRK
post Jan 18 2022, 11:45 AM

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QUOTE(jas029 @ Jan 18 2022, 08:39 AM)
yea.. since last year already cannot i think.. it was a bummer

since u had mentioned, i assume u would have already connect ur Wise with ibkr.. have to cherish it hehe.. i think it's an even more cost saving method than direct ACH transfer from Wise to ibkr.. plus only need to initiate deposit from ibkr side and it will auto deduct from ur Wise balance
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i connect my us bank with ibkr... and us bank with wise... did not connect wise with ibkr...

i dunwan irb to get any broker related info directly from wise... wink.gif
dwRK
post Jan 25 2022, 05:59 PM

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QUOTE(TOS @ Jan 25 2022, 04:24 PM)
dwRK I am planning to buy Roche and Nestle shares on SIX with the current bear market.

May I know whether I should buy them directly on SIX or use the default SMART routing? I know these Swiss counters are listed on SIX but the fact that SMART is used suggest they can be traded from other markets as well?

As I am using tiered pricing for now, I checked the IBKR tiered pricing page, and it seems like 1.5 CHF is min, with various exchange and regulatory charges. After listing them down for comparison, seems like CHIX is the cheapest with 0.00003 of trade value and 0.03 EUR/trade of clearing fee (they seem to pay for the trade reporting fee themselves).

But since I am buying CHF stocks, how will be 0.03 EUR be deducted? Automatic forex conversion? Or I must limit myself to VIRTX, Turquoise and EBS only (where their clearing fee are in CHF)?

Thanks for your opinion and info. smile.gif
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you probably not buying a lot... so differences in fees not that big... but if buying a lot best select the lowest cost exchange or one that has good volume

as for buying stocks in CHF but fees in EUR... if it's a margin account ibkr probably creates a margin loan in EUR... no idea about cash account... probably won't be executed... let us know wink.gif


dwRK
post Jan 25 2022, 06:19 PM

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QUOTE(TOS @ Jan 25 2022, 06:12 PM)
lol treat me like laboratory white mice. Like me ask Takudan for a second opinion. I remember she executed trades on CHF-denominated securities before. Maybe she can share something.
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you buying n paying fees anyways... so just do it... smile.gif
dwRK
post Jan 25 2022, 07:56 PM

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QUOTE(TOS @ Jan 25 2022, 06:59 PM)
I actually found a way to estimate the charges without needing to fund CHF. Just enter the amount of shares to buy with limit price, then pretend to execute the order as if you have cash, then the order confirmation box will pop up. The box will tell you how much cash in CHF is needed for the execution, minus that cash from the number of shares to buy times the buy limit price, you get the commissions charged.

Here's what I notice:

BATECH, CHIXCH, and TRQXCH are the cheapest at 1.53-1.54 CHF for a few hundreds CHF of trade (~300 CHF). So using SMART is not the best choice, the commission is higher, similar to EBS. EBS is very expensive at 3.38 CHF per trade. It seems like the SMART routing defaults to EBS (i.e. shows trade with 3.38 CHF commission).
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yeah... before you submit order... you can click a button to check fees and everything

smart can be configured for the cheapest... default tries filling your order reliably
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