Are you able to trade US options using interactive brokers?

Nvm. Got my answer. Now just need to research on how to set up an account.

This post has been edited by lowyatjobseeking: Feb 21 2020, 04:46 PM

What was your answer?

maybe it's better to convert MYR to HKD first....

I've some savings in SGD and now already depreciated against USD.

That you can trade options

I received the email from Tradestation Global which provide another set of username and password. Now it is confusing

What's the difference between using the IBKR and Tradestation Platform to trade? Are we charged different fees if we trade on one or the other platform or it is interchangeable?

It's just an extra platform with graphing tools, if you're not active trader you can ignore it and just use IBKR TWS/WebTrader/Mobile directly. Fees will follow TradeStation Global's fee table - same, doesn't matter if you execute using via TSG or IBKR directly.

i have USD at my transferwise acc, how to transfer to IB?

so far, none of us has been successful.

Only 1 user did a bank transfer over the counter with Bank Islam.

how about the long route?
like from transferwise(usd), from IB say want to deposit EUR?

go try it

Convert to EURO, deposit into IBKR account.

Has anyone here converted their IBKR TradeStation Global account back to full IBKR? Is this even possible? I'm asking because the margin rates at IBKR is much lower.

Yes possible. You need to open a new interactive broker. Tell them you want to transfer everything in via customer service. The y will do everything in for you.

This post has been edited by Ramjade: Feb 23 2020, 08:17 PM

if you use your balance in Transferwise (USD), change to EUR then deposit to IBKR, then it works.

Wait, it means that only USD need convert SGD to Singaporean bank account then convert back to USD in IBKR right?
If convert MYR to EUR from Malaysian bank and transfer directly to IBKR using Instarem without going through Singaporean bank is working?

meaning, IBKR can accept SGD, HKD, EUR, just not USD, from InstraRem, Transferwise.

you actually don't need a S'porean bank acc.

this is what I have been doing.

MYR from M'sia banks > InstaRem, convert to EUR/HKD/SGD > receives by IBKR.

Ahhh shit. Thanks for the info!

but most of us got our SG bank acc ready, in case we need our money back from IBKR.
From IBKR, we can withdraw directly to SG bank acc in SGD.

I think TWise Borderless account can also receive EUR/USD/GBP, but I haven't tried.