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 Interactive Brokers (IBKR), IBKR users, welcome!

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dwRK
post Feb 17 2020, 07:50 PM

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QUOTE(Ramjade @ Feb 17 2020, 07:15 PM)

Can if you are using margin. Otherwise topup first then only can buy.

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nope. funds must be available before trading
dwRK
post Feb 17 2020, 07:55 PM

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QUOTE(andrewlimkn @ Feb 17 2020, 07:47 PM)
I am referring to US stocks
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now I understand

... ask your local investment bank lor...
dwRK
post Feb 17 2020, 08:17 PM

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QUOTE(moosset @ Feb 17 2020, 07:58 PM)
even for margin acc? Then what's the use of margin acc?
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margin account means you have 2x buying power...say you have $5k cash...you can buy up to $10k of stocks... ib will create a $5k loan for you

if your stocks drop in value...your account value drops and so does your buying power...your $5k loan is now too "high" and ib will auto liquidate some of you stocks

iirc... if your margin account drops below $1k or something ...it automatically change to cash account

dwRK
post Feb 17 2020, 09:21 PM

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QUOTE(moosset @ Feb 17 2020, 08:22 PM)
but there's no interest free T+2 like local brokers? Ceh ....  sad.gif
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got pattern day trader regulations as well... can't trade more than 3 times per week if you have less than $25k in margin account

This post has been edited by dwRK: Feb 17 2020, 09:23 PM
dwRK
post Feb 23 2020, 10:35 AM

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QUOTE(MNet @ Feb 23 2020, 09:51 AM)
how about the long route?
like from transferwise(usd), from IB say want to deposit EUR?
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go try it
dwRK
post Feb 27 2020, 12:58 PM

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QUOTE(andrewlimkn @ Feb 27 2020, 12:23 AM)
Does anyone know whether the min commission applies per order or can combine multiple orders for same stock per day?
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per order
dwRK
post Feb 27 2020, 01:01 PM

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QUOTE(powerlinkers @ Feb 27 2020, 11:45 AM)
1 withdraw to Transferwise EURO or USD, transfer back to Malaysia.
OR
2.Open a singaporean local account, withdraw in SGD, Instarem or Transferwise to Malaysia.
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1 gonna be 3rd party transfer... subject to ibkr extra scrutiny
dwRK
post Mar 1 2020, 07:43 AM

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QUOTE(powerlinkers @ Mar 1 2020, 03:09 AM)
banks' exchange rate are not competitive(Wire/TT), they take about 3-5% of your money instantly while fintech companies take about 0.3-0.5%.

It is up to you to decide.
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dunno where you get your numbers...

tw saves me about 0.7+% vs mbb rates

I sent usd10k...I get rm300 more with tw...

This post has been edited by dwRK: Mar 1 2020, 07:46 AM
dwRK
post Mar 1 2020, 08:26 AM

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QUOTE(Investor12 @ Mar 1 2020, 12:35 AM)
So we cant do direct transfer back to Malaysia bank account? Quite troublesome to have so many bank account..
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can

we ppl here generally kiasu...so wanna extract every cent

secret is to get super rich...go for convenience... bank fees become nothing

poor ppl buy perodua after warranty expires look for cheap outside workshop... rich ppl buy porsche gets driver to send back for factory service wink.gif

if ppl say they are rich...just that still wanna save or don't want bank to profit from their hard earned money... they are not rich enough biggrin.gif

This post has been edited by dwRK: Mar 1 2020, 08:30 AM
dwRK
post Mar 15 2020, 11:50 AM

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QUOTE(Yggdrasil @ Mar 15 2020, 10:43 AM)
Is there a minimum balance for options? Because my account may have fallen in value the past few days lol

Here it says no permission.
user posted image

Here it says if I change, I am downgrading and removing options.
user posted image
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account value drop below XXXX...margin account temporary becomes cash account afaik...
dwRK
post Mar 15 2020, 12:03 PM

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QUOTE(Yggdrasil @ Mar 15 2020, 11:54 AM)
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 laugh.gif
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margin for stocks different from margin for derivatives ...don't know your case so hard to say why... account details may give clue to why...

if can buy last time but now cannot...most likely available margin is below initial margin to buy your put option

This post has been edited by dwRK: Mar 15 2020, 12:21 PM
dwRK
post Mar 16 2020, 07:51 AM

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QUOTE(Yggdrasil @ Mar 15 2020, 11:54 AM)
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 laugh.gif
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I try searching fx and futures stuff nothing comes out... looks like ibkr changed all our permissions...

edit...looks fine on pc...not on mobile...haven't tried any trades so dunno for sure

This post has been edited by dwRK: Mar 16 2020, 08:08 AM
dwRK
post Mar 18 2020, 06:27 PM

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QUOTE(Yggdrasil @ Mar 15 2020, 11:54 AM)
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 laugh.gif
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did you find out the problem?
dwRK
post Mar 19 2020, 12:08 PM

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QUOTE(Yggdrasil @ Mar 19 2020, 12:03 AM)
Urgent. Anyone here knows whether CIMB SG allows to TT USD to MYR CIMB MY? Or they only allow SGD to MYR?
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should be like normal remittance i guess... sgd to usd...-> wire -> usd to myr... but why wanna go this route
dwRK
post Mar 28 2020, 06:40 PM

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QUOTE(Investor12 @ Mar 27 2020, 02:38 PM)
you buy share or futures/option?
for share, if you purchase 100 share @1 each = 100 your position size. you will need to have $35+/- in your account ( not exactly 3X but close to)
for futures is different depends on which instrument you are trading.
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buying power is around 2x... not 3x
dwRK
post Mar 28 2020, 06:40 PM

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QUOTE(lamcouz @ Mar 28 2020, 11:45 AM)
Dears may I just confirm, so I registered via tradestation because of the trading/inactivity brokerage fee.

Later I just straightaway use IKBR for rest of my life, the brokerage, fee, margin etc follows what was offered in tradestation right?. i.e.
- 0.007 per share brokerage
- no inactivity fee
- higher margin fee
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korek
dwRK
post Mar 28 2020, 06:52 PM

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QUOTE(esyap @ Mar 27 2020, 10:47 AM)
I can never understand the margin level stated in IBKR platform as my margin level is definitely not 3X position. Please kindly explain. Thanks.
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for shares/etf... margin is your buying power... deposit $1000, you can borrow $1000 as "margin financing” to buy $2000 worth of shares/etf

for derivatives like futures/options... margin is the amount/deposit required before you can buy/sell a contract...for micro dow futures you need $2600 to place on order
dwRK
post Mar 28 2020, 07:28 PM

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QUOTE(moosset @ Mar 27 2020, 12:58 PM)
I don't have TMAmeritrade acc.

For IB, your base currency doesn't matter. You can deposit in any currency. You convert it yourself on the platform.
I suspect it's the same for most platforms, incl. TMAmeritrade and Charles Schwab.
It would be really stupid if they only accept deposit in base currency.
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TD only in usd... for US market only... so not really stupid
dwRK
post Mar 29 2020, 07:38 PM

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QUOTE(Investor12 @ Mar 29 2020, 02:21 PM)
I could get around 3x. I open a direct account with IB under IB pro
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oh I forgot I follow reg-t which is 2x
dwRK
post Apr 3 2020, 08:26 PM

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QUOTE(madman.com @ Apr 3 2020, 04:17 PM)
Is it? Hmmm....will try again later.  hmm.gif
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you can ignore the no market data warning and just send...

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