Hmm. I read somewhere that $10k is the minimum for margin but they already eliminated the minimum some time ago. But my account is more than $10k. I guess it's a sign that I shouldn't be gambling on options

You can compare to Big Pay and Transferwise each time you make a transaction.
Sometimes it can give different rates at different time and amount.

The platform is great. It's dark black making me feel like a pro day trader ready to earn $$$
Yes you have to pay if you want live data. Otherwise, it's not available or delayed.

For me, when I want to buy something, I use MarketWatch to see the current price.
Alternatively, I can just use market order.
(Note: Market order should only be used on liquid stocks. Otherwise, you might be paying $100 for a $10 stock).

I mean, if you want to day trade, you should subscribe to it. If you're so cheapskate about the fees, you're not ready to face the losses of day trading.

You should be able to. You need to press accept when they warn you about Market Order.
It is dangerous for low liquidity stocks.

Market Order means "fill Immediately at best price i.e. guaranteed execution, no guaranteed price"

For example, take a look at this stock.

People willing to buy at $2.22 but the only seller is at $199999.99.
If you want to buy this stock and used Market Order instead of Limit Order, you will buy the stock at $199999.99

Just sharing some interesting features when placing orders.

1) Display size

Hidden means your order will be sent to the exchange but hidden from others.

Why use this? It's meant to cut queue when placing BID/ASK order without people knowing.
For example, let's say the BID/ASK is $2.50/$3.00 and you want to buy this stock.
If you queue at $2.51 BID, people might cut your queue by placing $2.52.
You must then change to $2.53. The other person might change to $2.54.

However, if you place a hidden order at $2.51 when the BID/ASK is $2.50/$3.00.
If someone sells at market order, your order will be executed at $2.51 before $2.50.

Disadvantages? Stocks are matched by prioritising PRICE > DISPLAY > TIME.
Meaning if you put a hidden order at $2.50 instead when people queue without hidden, the non-hidden orders will get executed first even though you placed the hidden order earlier.

2) Market on close

Usually we don't use this and it's institutional investors who manage funds who use this.
Mainly applied to BUY orders.
You may ask but why use market on close when you can likely get a better price if you buy before market close?
Reason is they do not want to reflect any gain/loss on the transaction.
Meaning if their accounting books close at 31st Dec and they want to buy a stock that fluctuates between $9~$10, buying at close means there will be no gain no loss.

Not yet. Lazy to call. Focusing on Malaysian market now because MYR already depreciated that it's not really worth it and I'm not ready to play with options

Urgent. Anyone here knows whether CIMB SG allows to TT USD to MYR CIMB MY? Or they only allow SGD to MYR?

Cause I remember they said the USD account can only transfer to other CIMB. Not sure if CIMB MY is included.

Holding USD now. Got 2 routes. USD is shorter route but I'm not sure if they allow.
USD -> CIMB SG (USD) -> CIMB MY (MYR)
USD -> IBKR (SGD) -> CIMB (SGD) -> CIMB MY (MYR)

Hmm but it seems that converting back USD to SGD via IBKR then back to CIMB SG to convert to MYR seems cheaper.
Weird. I'll check again.

IBKR is close to XE.com rates correct? I made that assumption.
Then I looked at the rates CIMB SG provided me to convert SGD to MYR and yes there is a saving (quite big difference).
I'll screenshot the numbers when I'm free.

Yes correct. Because I have a USD account with CIMB SG also. But it seems cannot transfer USD to CIMB MY.

Cannot. Didn't know at first hahaha. But I think can receive USD.

If you applied your account using Tradestation Global website, then you enjoy Tradestation Global fees but use IBKR to make trades.
You can use Tradestation Global too but it's not user friendly.

I suggest downloading IBKR app on your phone and trade there. It's easier.

moosset I double checked. CIMB SG gave better rates than TransferWise. But maybe it is just a coincidence.

Can for both

Go to your CIMB SG phone app and apply for Foreign Currency Savings Account (USD).
It should be approved immediately.

But I feel it's useless because you cannot send out USD except to other Singaporean banks.
Cannot send USD to Malaysia or IBKR also.
I learnt it the hard way and have to convert using the bank rate just to get my USD out.

Read finish. Valid until June

Not sure but earlier I converted SGD to MYR using CIMB SG. XE.com quoted 3.03 but CIMB gave 3.01.
So around 0.8% loss.

Do you desperately need to deposit USD?
You can just Instarem MYR by converting into SGD or EUR to IBKR. Then, use IBKR's currency converter to convert SGD/EUR to USD.

Yup. Oh I lost a bit. ;/