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 Interactive Brokers (IBKR), IBKR users, welcome!

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SUSTOS
post Sep 21 2020, 08:36 PM

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QUOTE(night1218 @ Sep 3 2020, 03:26 AM)
sadly no. i kinda dislike the CS,too much hassle and not very efficient.
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Good news! For those who faced the issue of inaccessible IBKR message center and CA manager. I got a reply from Javier just a moment ago that it's now up and running.

I login to the web trader portal and everything is back! Buttons are working normally, plus some more new stuffs.

TSG's customer service is super-excellent. Deserves to earn my commissions. tongue.gif

user posted image

I am now applying to join the CMT/CCT merger EGM. Deadline is this Saturday 10.30 a.m. Let's see if I can make it.

This post has been edited by TOS: Sep 21 2020, 09:24 PM
SUSTOS
post Sep 21 2020, 08:48 PM

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Also for the secured message that's hidden in the past, its reproduced here for the benefit of members in the future:

user posted image

It seems like they are playing cat-and-mouse game with TSG, trying to push their responsibility back to TSG. Luckily I am "smart" enough to contact TSG for help otherwise I would be waiting forever in the dark.

So, next time, for technical issues, just contact TSG. Save your grunt work of having to sent them email just to get a reply from them to contact TSG and start over your application/complaint again.
SUSTOS
post Sep 22 2020, 05:36 PM

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Notice for CMT/CCT unitholders who invest/trade via IB and would like to attend the merger EGM on 29th of September 10.30 a.m. online:

IBKR has replied me that the deadline is 5 p.m., 24th of September for submission of the following details to their custodian bank agent:

First name, last name (Name according to Passport/Identity Document), email address, question in relation to resolution (if any), and contact number.

You may raise a ticket via IBKR directly (if message center is functioning normally) or raise a ticket via TSG (if the message center for IBKR is down for whatever reason) if you would like to attend the meeting. I can confirm that TSG is able to reach out to IBKR for such matter. (I myself did it while submit a ticket via IB's message center for redundancy purpose, just in case IB's message center broke down again.)

EGM details for CMT: https://links.sgx.com/1.0.0/corporate-annou...7dc32dad5a60266

CCT: https://links.sgx.com/1.0.0/corporate-annou...df69b2a3b91cf26

This post has been edited by TOS: Sep 22 2020, 05:40 PM
SUSTOS
post Sep 24 2020, 05:35 PM

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QUOTE(Yggdrasil @ Sep 24 2020, 04:32 PM)
No the money must come from you account la.
If like this they might think you doing money laundering.

First time also want save meh? Save only RM80 IIRC.
Afterwards can do BigPay etc.
If open Maybank even worse, need park 500SGD forever otherwise charge you.
CIMB already give no minimum balance laugh.gif
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CIMB MY to CIMB SG rate should be very good, no charges right? I know the rate is close to market rate. So, this shouldn't be much of an issue, no?
SUSTOS
post Sep 24 2020, 08:44 PM

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QUOTE(Ramjade @ Sep 24 2020, 06:16 PM)
Cimb my -> CIMB SG rate sucks. Stay away.
CIMB SG -> CIMB my good rates.
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Thanks. Good to know.

QUOTE(dwRK @ Sep 24 2020, 08:23 PM)
market order buy 100 units...

if got 1000 units for sale at 5.88... you get 100 * 5.88
if got 10 units for sale at 5.88, next is 1000 units at 6.5... you get 10 * 5.88 + 90 * 6.5...

you need to understand orderbook/depth of market or DOM, and market order, and liquidity...

low liquidity stocks you can easily over pay with market order just because timing...

your example is system giving you an estimate because market not yet open
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I have wondered about this for some time. Is it possible for IBKR to display the complete order book either on the web trader or the desktop workstation? I can't find any buttons that allows me to do so. (Well, not that daring enough to try to click on any buttons and "play with my own money". Later with an accidental push of a button I liquidate all my positions instead. tongue.gif)
SUSTOS
post Sep 25 2020, 04:50 PM

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Updates for attendance for CMT CCT Merger EGM.

IBKR replied me that EGM instruction has been submitted and registrar will send me via email the instruction to attend the EGM.
SUSTOS
post Sep 26 2020, 05:47 PM

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Received login credentials and details of the EGM from CMT just 2 hours ago.

Singaporeans are so hardworking. They even work on Saturday afternoons! laugh.gif

I like CMT's IR department, very friendly and helpful. And they are quite responsive towards minority shareholders like me. Good investment target.
SUSTOS
post Sep 26 2020, 09:18 PM

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QUOTE(moosset @ Sep 26 2020, 07:10 PM)
what's your average price on CMT?
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1.82 SGD, so currently earned around 6-7% plus another 2% or so for dividend.

user posted image
SUSTOS
post Sep 26 2020, 10:43 PM

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QUOTE(moosset @ Sep 26 2020, 10:28 PM)
wow!! Your Keppel DC at such a low price!! Great timing!!  thumbsup.gif  thumbup.gif
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Just being lucky. I missed out on Micro mech. Back then it's around 1.75 and I thought it's too expensive. Also missed out solstice818's suggestion on VICOM. I was thinking that their P/BV of 4 to 6 was ridiculous. But the markets are indeed correct. Never bet against the market!

Currently sitting at 10% gain since April/May. Majority contributed from KDC REIT and Parkway LIFE, both earned around 30%. Still, REIT-heavy, light-on-others is a workable and tested strategy in the SGX space.

Thinking of trimming down my exposure to S-banks, but need some time to figure out when the oligopoly turns into monopolistic competition.


SUSTOS
post Nov 2 2020, 05:52 PM

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QUOTE(Solskjaer66 @ Nov 2 2020, 05:34 PM)
Hi since you are Maybank customer, will you try to apply for Maybank SG account instead of opening with CIMB? i went to Maybank private banking this noon to open Maybank SG account..... they can do it for me.....but manually......fill up paper....application forms.....then courier it to SG to process..... i was expecting something can be done 'online'..... so u can imagine the lead time to process it....they told me usually will take 2 months..... now CMCO may take 3 months........fooolamak..... by that time we could have a new US President or potentially a new MY PM already....  shakehead.gif

To the existing CIMB users...... may i know how long it take to open a CIMB SG account?
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No, no. Please no.

Don't use Maybank SG account, at least for now.

All withdrawals from IBKR into SG bank account are in the form of telegraphic transfer and the fess are ridiculous. 10 SGD per transaction for Maybank SG.

CIMB SG waived the fees for now. So, remittance out of IBKR to CIMB SG is free of charge.

Plus, Maybank SG has a minimum daily balance of 500 SGD requirement, otherwise 2 SGD is charged. CIMB SG does not have such requirement.

Don't be fooled by Maybank. Low net interest margin are pushing banks to come up with absurd charges and fees.

You deserve a better service from CIMB SG. (No worries about size and risk, Khazanah Nasional will make sure things go right.)

I already paid 12 SGD to Maybank SG for fees, but only earned 0.1 in interest (small-cap investor, so around 500-a few ks SGD transaction).

Don't repeat my mistake.

This post has been edited by TOS: Nov 2 2020, 05:53 PM
SUSTOS
post Nov 2 2020, 06:25 PM

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QUOTE(Solskjaer66 @ Nov 2 2020, 06:08 PM)
Thanks for the advice...  yes i saw the CIMB SG waiver notice....if i not mistaken they waive it til Dec end? What happen if they apply the transfer fees again next year, do you know how much CIMB SG will normally charge for this fees?
I don't really mind the min. SGD 500 ..... just consider it as saving in SGD.... and i plan to invest in US market for very long time.... surely i will always keep some amount of SGD in the account....
i can see all highly recommended CIMB SG.. i no doubt about that..... just that u know lah... the current CMCO situation.... always long q outside the bank.... i am just lazy to q i admit it!  laugh.gif
but i guess i don't have a choice now... i really don't want to wait for 3 months... i will need to tell maybank to put my application on hold tomorrow.... let me go CIMB see see 1st...
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I don't recall any waiver ending. The waiver for inward remittance is still ongoing. Perhaps you are referring to the currency conversion waiver? You can still use Transferwise for good rates.

It is okay to have a Maybank SG account, but always bear in mind that IBKR does not support FAST transfer to Maybank SG. The only way to withdraw out of IBKR is TT.

So, never withdraw a single cent to Maybank SG. For now, use CIMB SG. For remittance from bank to IBKR, either banks are ok since they both support FAST.

Application for CIMB SG can be done online. Not as tedious and cumbersome as Maybank SG.

You can look for CIMB SG Fastsaver account here: https://www.cimb.com.sg/en/personal/banking...er-account.html

And the fees and charges: https://www.cimb.com.sg/en/personal/help-su...es-charges.html

Note that both Maybank SG and CIMB SG support FAST, so if anything go for CIMB SG for now.

The only thing is that if you deposit less than 1k SGD in CIMB Fastsaver, you lose the interest of 0.3% but Maybank pays you about 0.19% for a minimum requirement of 500 SGD.

But in a world of low interest rate and for small capital, it really does not make much difference. It's the ease and flexibility that matters.

This post has been edited by TOS: Nov 2 2020, 07:54 PM
SUSTOS
post Nov 4 2020, 10:23 AM

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QUOTE(Exeter138 @ Nov 4 2020, 10:09 AM)
Hi guys! Thanks for the informative info, i managed to open up my IB account via Tradestation Global

It was approved within 3-4 days but i have a problem here. when i click the trade button on the IB portal, it says:

You are currently logged in without Trading/Market Data permissions

We could not connect to the trading/market data system

You can still manage your account but can't trade

Log in with trading/ market data --> when i click this button, it just won't work

Any idea how to solve this? THANKS !
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Have you funded your account? Need at least 1k USD to kick things up.
SUSTOS
post Nov 6 2020, 09:40 AM

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QUOTE(polarzbearz @ Nov 5 2020, 11:42 PM)
Woah that's a new discovery for me. Never knew I had access to these currencies' local bank accounts under my name (USD, AUD, NZD, SGD, EUR, GBP) rclxm9.gif

Just randomly tested the SGD ones and I was able to transfer from my CIMB SG to TransferWise SG account without fees (local transfer); both under my own names. Theoretically it'll work as you said for IBKR withdrawal. Maybe someday I'll try out the GBP/USD withdrawal (my stocks are mostly GBP / USD / HKD) and see how it goes.

Thanks for sharing!!!

Edit : not sure why I had borderless account, but I applied mine way long ago and left it idle sweat.gif
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So, that means if you have a borderless account, you basically have a worldwide banking account? No need to open CIMB SG, Hang Seng in HK, Barclays in UK, Citibank in US and you can transfer money all over the world? All within a multicurrency bank account?

Am I getting this right?

This post has been edited by TOS: Nov 6 2020, 09:41 AM
SUSTOS
post Nov 15 2020, 09:32 PM

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QUOTE(ntdote @ Nov 15 2020, 02:39 PM)
Could malaysians open sg account so easily?
I always have presumption that not possible unless staying or working in sg.
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Warm reminder. Don't open Maybank SG. Open CIMB SG account. tongue.gif

Most forumers here open either one, but the former has a minimum daily balance requirement of 500 SGD, and interest rate is very low. The later does not have any minimum balance requirement but only pays interest (higher than Maybank SG) for balance above 1000 SGD.

Either one would work technically, but Maybank SG will incur charges for SGD transactions out of IBKR whereas CIMB SG waives the fees currently (only TT allowed for both, not FAST, which is why charges are incurred). So, strongly suggest CIMB SG.
SUSTOS
post Nov 17 2020, 10:35 AM

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-Deleted-

This post has been edited by TOS: Nov 18 2020, 12:05 PM
SUSTOS
post Dec 5 2020, 10:34 AM

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QUOTE(Ziet Inv @ Dec 4 2020, 07:19 PM)
Hi everyone!  blush.gif

Long overdue, but I've previously received request from forumers to make a video on how to open a IBKR account as well as funding it.

Here's the video! Hopefully this video helps out any starters that wants to open a TSG-IBKR account!

If it helped, would totally be cool if this were to be pinned on TS's first thread.

Cheers!

(Credits go to all the forumers that have helped me to open my TSG-IBKR account a few weeks ago! I'm now a happy user haha!)  biggrin.gif  biggrin.gif
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Short and sweet. Nice one.

Your slang make you sound like a Singaporean? That slang sounds familiar to me when I was in SG. tongue.gif

This post has been edited by TOS: Dec 5 2020, 10:35 AM
SUSTOS
post Dec 7 2020, 11:04 PM

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IBKR server down. Serious issue.

QUOTE
We have experienced a significant failure in multiple segments of a highly resilient data storage system. We have engaged the vendor for analysis and recovery. Independently, we are rerouting modules of the overall IB brokerage system to our backup recovery centers.

We recognize the dislocation this has caused to our clients, and express our apologies. Based on the current situation, we expect a prompt recovery, and will of course, keep interested parties informed in a timely manner.


Someone reported the phone app is working, for me web app is not working.
SUSTOS
post Dec 9 2020, 01:59 PM

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IBKR down again lol

EDIT: Desktop software is working. Someone else confirm mobile app is also working.

This post has been edited by TOS: Dec 9 2020, 02:49 PM
SUSTOS
post Dec 9 2020, 06:57 PM

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QUOTE(moosset @ Dec 9 2020, 06:11 PM)
oh, it seems the min for account opening is now USD2.5k instead of 1k.
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The FAQ isn't updated though.

https://www.tradestation-international.com/...3-bc2f3a46-712a
SUSTOS
post Dec 9 2020, 10:21 PM

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QUOTE(silverwave @ Dec 9 2020, 10:14 PM)
In IKBR site, i logged in and it came to the part below, should i choose non professional?

I supposed this means the account is approved?

user posted image
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Non-professional is the right one.

https://www1.interactivebrokers.com/en/index.php?f=718

If the account is approved you should be able to see market data and trade. Otherwise you need to fund your account.

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