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 Interactive Brokers (IBKR), IBKR users, welcome!

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TSmoosset
post Jan 24 2021, 03:26 AM

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QUOTE(jas029 @ Jan 24 2021, 01:15 AM)


seriously, im not too sure why though.. have u verified the two small amount in ibkr? after they sent u the amount in TW, u'll need to key in the two amount in ibkr as a verification process
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yes, I've verified the two small amount in ibkr portal. It went fine. I thought that was the end. I didn't know they would claim it back.

How long before they take back the amount after the verification on ibkr?
TSmoosset
post Jan 24 2021, 10:24 AM

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QUOTE(pu27 @ Jan 24 2021, 10:13 AM)
Do you guys still remember your sign-up process? Might have done something differently than other users which gave you this account?
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It's TW that has changed the terms and conditions for new Malaysian users.

You can search for the thread under finance and investment section.
TSmoosset
post Jan 24 2021, 10:44 AM

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QUOTE(pu27 @ Jan 24 2021, 10:41 AM)
wait how did solstice818 get it? @solstice818 are you not malaysian?
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I think he got it way earlier....

and not Malaysian per se, it's Malaysia residents. If you reside in SG / have overseas address, then no problem.
TSmoosset
post Jan 24 2021, 11:38 AM

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QUOTE(000022 @ Jan 24 2021, 11:35 AM)
Hey man, if you read towards the end of the thread, they halfway rescinded on that closure actually, so basically everyone retained everything. Full thread here:
https://forum.lowyat.net/topic/4953197
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this only applies to existing TW users, right? Not new sign ups?
TSmoosset
post Jan 24 2021, 12:10 PM

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yeap, as expected, not available to new Malaysian users.
TSmoosset
post Jan 24 2021, 12:51 PM

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QUOTE(jas029 @ Jan 24 2021, 12:39 PM)
where got so good they just give money like that, make money from us got lah hehe

actually there's explanation when u're about to set up this method.. stated that ibkr will send two small amounts transaction to TW and then subsequently request back one transaction of the total two sums

after i key in the two small sums in ibkr, the total of the two sums was sent back to ibkr on the next day
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It has been 2 ~ 3 weeks and the money didn't return to them. sad.gif

You use instant or traditional?

user posted image
TSmoosset
post Jan 24 2021, 01:21 PM

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QUOTE(jas029 @ Jan 24 2021, 01:08 PM)
use traditional.. don't think we can use the instant one, that'll require username and password.. even if i have US bank account, wouldn't be comfortable to just give it to them

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yeah, that's what I did. Everything is the same. Why they didn't take back the small sum? sad.gif

so now, after everything set up, how do you transfer usd from tw to ibkr? Is there a specific button that you click?

This post has been edited by moosset: Jan 24 2021, 01:22 PM
TSmoosset
post Jan 24 2021, 10:52 PM

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QUOTE(Xeus-Techny @ Jan 24 2021, 10:18 PM)
Hey all,
I'm new to trading and I just got my TSG account set up & funded few days ago. Just a minute ago, when I login to (IB website), settled cash is blank with a dash (-) symbol, also my available currency which I have (SGD & USD) doesn't show up as well, with dash (-) symbol. Days ago I still managed to see my available cash & currency I have. However, when I login to my IB mobile app, I can see my available cash & currencies that I own.
Any idea what's going on ? Thanks
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weekned maintenance. Wait for weekdays.
TSmoosset
post Jan 26 2021, 09:23 PM

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QUOTE(belfong @ Jan 26 2021, 05:49 PM)
Waitaminute - there is IBKR SG? How? Do you mind sharing more info please? Can I use MBB SG to transfer to IBKR SG?
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Irrelevant!

IBKR regardless IBKR UK, US, SG, AUS, HK .... all have SG bank acc and all accept SGD transfer from SG banks.

Our only problem is acceptance of MYR transferred from MY banks! sad.gif
TSmoosset
post Jan 26 2021, 09:40 PM

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QUOTE(iOrange @ Jan 26 2021, 09:37 PM)
hey guys i created a tradestation global account not long ago. i wanted to trade on IBKR client portal but the commission charge for per us stock is 0.35 USD instead of 1.5 USD. am i missing something here? i ran statement check on IBKR client portal and it shows that my account master name is TradeStation International Ltd. am i doing it right? thanks.
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email TSG and see what they say.
TSmoosset
post Jan 27 2021, 01:08 AM

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QUOTE(jas029 @ Jan 24 2021, 01:54 PM)
maybe it's time to give their support a call (or email)?

for deposit, u initate a deposit in ibkr as per usual, choosing the ACH option (it should already appear as ur saved deposit).. key in the amount u want to deposit.. then just wait.. took a day to see my TW account been deducted.. all these are done through ibkr only.. didn't do anything at TW side (apart from maintaining sufficient balance)
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This time it works! They automatically deduct the money out from TW. laugh.gif
TSmoosset
post Jan 27 2021, 09:30 PM

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QUOTE(RamdasMohite @ Jan 27 2021, 01:04 PM)
What kind of brokerage charges does Interactive brokers charge?
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refer to its website.

QUOTE(esyap @ Jan 27 2021, 01:14 PM)
Has been getting enquiries from IBKR's compliance Dept for using Instarem to deposit funds. Anyone experienced same thing? Looks like need to use other ways to deposit funds.
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Yes. They will check your transfer from time to time. I've received document request for transfers done via TW and InstaRem.

QUOTE(Ladszy @ Jan 27 2021, 08:28 PM)
Does the margin account on TSG work the same as margin accounts here in Malaysia whereas you need to settle in a set amount of days?
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You can settle it anytime you want, they just keep charging interests until you pay up.

If you used up all your margin, they will just liquidate your position.
TSmoosset
post Jan 27 2021, 11:10 PM

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QUOTE(Ladszy @ Jan 27 2021, 10:00 PM)
So if i open a margin account, deposit cash inside and trade within the limit, it'll auto settle it for me right? and just to confirm, the interest for margin on TSG is IBKR + 2.5% ?
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If you deposit USD 100 but you bought SGD 100 worth of stocks, you'll pay interest for the SGD100 you borrowed, until you deposit SGD 100 or convert your USD to SGD.

All purchases will be auto settled by balance in the respective currency. If your balance is zero in that currency, you'll be charged interest.
TSmoosset
post Jan 30 2021, 01:49 PM

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QUOTE(GregPG01 @ Jan 30 2021, 11:55 AM)
Just need NYSE and NASDAQ prices. Which 1 should I choose to subscribe so that I don't trade blind.
Is this the correct way to subscribe to the price feeds ? Or is there an option buried somewhere. Thank you.

***********************************************************

Edit: if I go to Account Management in the web then I can see the long list. Below is what I think most suited. Correct ?

NASDAQ (Network C/UTP)
Provides real-time data bid/ask (top of book) quotes for NASDAQ listed securities. Examples - MSFT, CSCO and TSLA.
USD 1.50 /Month

NYSE (Network A/CTA)
Real time market data for NYSE listed stocks. Provides top of book bid/ask/last quotes. Examples - CYS, TEL and LLY.
USD 1.50 /Month
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Just pick these 2 if you don't need the rest. You don't have to take the bundle if you don't need to. These 2 are the cheapest.
TSmoosset
post Feb 2 2021, 11:25 AM

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QUOTE(Ladszy @ Feb 2 2021, 10:48 AM)
Has anyone been charged with inactivity fees before? Have a friend using pure IBKR and told me he hasn't been charged. Said he probably didnt accumulate $120 in commissions too.

Also for transferwise there seems to be a limit of only rm30k going out from the account per transfer. Does everyone do multiple transfers?
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it's $10 in commission for that month. If you exchange currency, then it's already $2.

yes, I make multiple transfers.
TSmoosset
post Feb 2 2021, 01:31 PM

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QUOTE(Ladszy @ Feb 2 2021, 12:59 PM)
Wow, thanks for lmk. I didn't know they charged the $2 for currency exchange. Does that mean if i deposit SGD inside and want to buy US stocks i'd have to pay $2 to convert the SGD to USD first?
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if you're using cash acc, have to convert before placing orders.
if you're using margin, you can convert anytime but if your orders are filled without USD, then there'll be margin interest.
TSmoosset
post Feb 2 2021, 02:54 PM

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QUOTE(Ladszy @ Feb 2 2021, 02:01 PM)
Thanks for the info guys.

One more ques, on IBKR's site it says

>Account has Net Liquidation Value >= USD 100,000 (or non-USD equivalent)

If I have $100k in total spread across multiple currency or my stock values are more than $100k,
I'd be spared from the inactivity fee right?
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that's what net liquidation (in usd100k or equivalent) means!
TSmoosset
post Feb 2 2021, 03:46 PM

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QUOTE(erni3 @ Feb 2 2021, 03:18 PM)
can someone help me, being using ib for a few month no issue buying stock and hold. But yesterday i seem to be having problem trading eventho my account still have cash in it.  I have like 4k why i m only allow to trade 2k only?

user posted image
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either your cash not settled (eg. you just sold stocks, you just deposited, or you just converted) or you have active orders. So, either you wait or cancel your active orders, or switch to margin acc.
TSmoosset
post Feb 2 2021, 03:50 PM

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QUOTE(erni3 @ Feb 2 2021, 03:47 PM)
I did sold some amc share yesterday. Funny, usually credit instantly. (why now need clearing)
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just switch to margin and say goodbye to this problem. tongue.gif
TSmoosset
post Feb 3 2021, 05:22 PM

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you signed up for an acc just to play GME stocks? laugh.gif

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