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 Interactive Brokers (IBKR), IBKR users, welcome!

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TSmoosset
post Nov 6 2019, 12:30 AM

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I logged in, trying to trade, but it says,

QUOTE
You are trying to submit an order without having market data  for this instrument. IB strongly recommends against this ....


what market data are they talking about? The chart is in front of me.
TSmoosset
post Nov 6 2019, 11:08 AM

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QUOTE(markedestiny @ Nov 6 2019, 12:57 AM)
The chart is NOT realtime, but delayed. That's what they are trying to caution you. You can check the price realtime on yahoo finance to compare..
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eh, I thought IBKR gives real time data? This service is not free? sad.gif
TSmoosset
post Nov 6 2019, 01:21 PM

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QUOTE(Cubalagi @ Nov 6 2019, 12:46 PM)
Last 5 days SPY up 1.2%, EWM up 3.18%..Malaysia boleh?.😆
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who leads the index?

actually, why choose MSCI instead of FBM KLCI?

and EWM is in NYSE, but no 30% WHT since it originates from M'sia?
TSmoosset
post Nov 8 2019, 06:14 AM

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QUOTE(Cubalagi @ Nov 6 2019, 02:17 PM)
Not sure what u mean by who leads.. But If u think about it, it's really just the opposite of how a S&P500 etf in HK/SG works. In this case, the underlying stocks are here. I think a large part of the gain is currency. MYR effect I think.

I keep an eye on EWM price lines as this is the Malaysia market from the eyes of a foreign investor. And the price chart is looking promising.

Im not sure about the WHT, but I suspect still apply cause it is a US fund.
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who leads as in which stocks bring the index up. Some went up, some went down; but there are some stocks that bring the overall up. Anyway, it's not important.



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Question 2: for those who use IBKR or related products, do you mostly just use the portal, web trader, Traders WorkStation (TWS) or TSG?

I'm using TWS on MAC but still quite unfamiliar. I downloaded TSG on mobile (since not available on MAC) but still not used to it.


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Question 3: for those who are good at putting special orders. How do I place this order?

"Buy when the value has dropped 5%" Is this trailing BUY?
I don't want to set a fixed price, rather I want to execute BUY when there's a certain movement. How?
TSmoosset
post Nov 8 2019, 01:04 PM

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QUOTE(dwRK @ Nov 8 2019, 10:43 AM)
Ibkr has lots of training videos. Youtube also.

5% below is still a fixed price order, just means you let ibkr calc this price for you.

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no ... not fixed price.

Say today, it's USD 100. End day is USD 97. So it has not dropped 5%; but the new baseline has gone down to USD97.
So if the next day, it drops to USD 92.15, then it will buy.

something like this... I'm not sure if I have explained it well.
TSmoosset
post Nov 8 2019, 01:21 PM

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QUOTE(livina2011 @ Nov 8 2019, 01:16 PM)
if let say everyday down 4.90% then forever you won't get that stock....lol kidding nia
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it's ok... I'm waiting for that technology glitch .... tongue.gif
TSmoosset
post Nov 9 2019, 05:01 AM

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there's a new product called TSGo. What do you think?

https://www.investopedia.com/tradestation-l...ffering-4772218

https://www.tradestation.com/promo/tsgo/
TSmoosset
post Nov 9 2019, 10:31 AM

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can confirm.

InstaRem can transfer to IBKR in EUR.

I did transfer in USD, earlier than in EUR but still pending. Maybe it won't get through.
TSmoosset
post Nov 10 2019, 10:53 AM

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Am I seeing this wrongly?

it costs 0.12% for EU trades? That's quite expensive if you buy/sell €2k per trade, no?

This post has been edited by moosset: Nov 10 2019, 11:09 AM
TSmoosset
post Nov 13 2019, 07:12 AM

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QUOTE(Ramjade @ Oct 9 2019, 07:10 AM)
I don't know where are you getting USD5 and USD10. Tradestation only charge you min USD1.50
https://www.tradestation-international.com/...ng-commissions/


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Using this link, but I think my fees are charged differently.

I bought BABA, was charged USD 1 commission. I thought min is USD 1.50??

also bought 2 German ETF in IBIS. The cost was 0.12% or min RM 1.80 + EUR 0.60.
EUR 0.60 is the correct exchange fee; but I didn't reach the min RM 1.80. How come?? rclxub.gif rclxub.gif
TSmoosset
post Nov 18 2019, 03:06 PM

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Regarding BABA IPO, I've asked IBKR and here's the reply:

Please note, IBKR generally does not offer clients the ability to participate in an IPO (Initial Public Offering) of a US company. IBKR may offer the ability for clients to participate in IPOs outside of the US. The IPO subscription page is only available for eligible customers participating in certain Chinese and Hong Kong IPOs. At this time there are no plans to make it available for other markets. You can trade those securities through IBKR once they are listed in the secondary markets.

Also, please note that when the IPO is announced and if your account is eligible for it, you will see it in the IPO subscriptions page in Client Portal. By clicking on the relevant options, it will show you the requirements for participating in the IPO and further guidelines and procedures. In case, if you don't see any IPOs within the Account management, it means that the feature is not yet made available to your account based on the region/ account type, etc.


This post has been edited by moosset: Nov 18 2019, 03:07 PM
TSmoosset
post Nov 19 2019, 08:07 PM

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QUOTE(Ramjade @ Nov 19 2019, 02:01 PM)
1. You need to fund it then only your account will be approved. Amount to fund = USD5k or equivalent in other currency.
2. Yes instarem is the cheapest but you cannot fund it in USD. So far only Eur works.
I use

Of course if you want to give free money to your banks by doing TT, it will also work. Expect a cut of about 3-5% that the bank will take. Free money for the banks.  tongue.gif
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I haven't tried with SGD, but InstaRem MYR > HKD > IBKR works!
TSmoosset
post Nov 21 2019, 10:05 AM

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QUOTE(nbafans99 @ Nov 21 2019, 12:31 AM)
By going through HKD means we need to open a HKD account somewhere ? Sorry, newbie here. notworthy.gif
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no ...

use instaRem, MYR > HKD. IBKR accepts HKD.
TSmoosset
post Nov 21 2019, 10:32 AM

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QUOTE(Ramjade @ Nov 21 2019, 10:13 AM)
Care to share the sender bank for Instarem for HKD?
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sender institution?? I wrote InstaRem. The same way I did for EUR.

I know it feels weird. I thought it had to be a bank's name.
Anyway, I still don't understand why IBKR can't accept USD from InstaRem. I tried to ask InstaRem the sending institution, they said OCBC (the same bank that accepts MYR). I was like, WTF?? That's not how FinTech works! There must be local bank in US that remits USD to IBKR.
He/she said no. It's OCBC (MY) that sends money to the US! doh.gif

Maybe I have saved the chat log somewhere. If I can find it, I'll post it.
TSmoosset
post Nov 21 2019, 11:16 AM

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QUOTE(Ramjade @ Nov 21 2019, 10:49 AM)
In the interactive broker page, there's a colum for you to fill up senders bank. You wrote sender bank ad instsrem on interactive broker?
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Yes exactly! That's what I did. It works for EUR and HKD but not USD.
TSmoosset
post Nov 21 2019, 03:23 PM

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QUOTE(matjalz @ Nov 21 2019, 02:55 PM)
Need to fund for acc to be approved? I thought it is 0$ minimum deposit.
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the acc is approved but to activate it, you need to fund it with 1k USD (tradestation global).

I'm not sure about IBKR.
TSmoosset
post Nov 22 2019, 09:21 PM

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QUOTE(nbafans99 @ Nov 22 2019, 08:36 PM)
user posted image
user posted image

Because it's first time using instarem here, do you mind to help me review some of the input here? Especially on the
SWIFT code = CIBBSGSGXXX,
payment method = FPX and
the transaction fee of RM 22.50 (Is this fixed for every single transfer?)

Next screen would prompt me to login bank FPX page?
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I think it's correct, as long as you follow all the details provided by IBKR and add your reference in the note.

yeah, next page is FPX.

QUOTE(nbafans99 @ Nov 22 2019, 08:39 PM)
Which one do you think is better if eventually I want to invest in US stocks?
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doesn't matter, really.
TSmoosset
post Nov 22 2019, 10:21 PM

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QUOTE(nbafans99 @ Nov 22 2019, 10:15 PM)
The above is actually to send money from instaren to my CIMB SGD account.
You mean we can direct use this way?
If yes, I suppose it's easier and cheaper? Since there is one less leg to transfer from CIMB to IBKR? Sorry for the on-going questions.  notworthy.gif am trying to learn from sifu here.
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yes. Using InstaRem, MYR > HKD.

It's easier as it's one step shorter, but same price.
TSmoosset
post Nov 29 2019, 12:23 PM

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QUOTE(DiamondRuby @ Nov 29 2019, 09:09 AM)
Hello All sifu,

I am planing to open an IB account.. I'm from malaysia.
My target is to fund around usd 3k for 1st & topup to max usd10k.

I need advice as following.
1) I saw there's a lot of comment on the past forum.. May I know in present, which is the chepaest way to fund into IB account.
2) I'm holding some usd notes with me, can I fund directly to IB via any bank or agent?
3) I saw comment, inactive account in IB charges usd10/mth.. Inactive means no transaction at all or there's minimum transaction to avoid this cost?
4) what's the cheapest way to get back money from IB in MYR?
Regards
William
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1. As shown in many posts, via CIMB (MY) MYR -> CIMB (SG) SGD -> IB.
2. No! No cash deposit. Only electronic money transfer. Ringgit you can deposit into banks, definitely not foreign currencies.
3. The first 7 months is free. If you've more than 100k USD in the acc, then it's free without usd 10/month.
4. Just ask IBKR to send money back to your CIMB (SG) account. There shouldn't be any charges.



QUOTE(yj98 @ Nov 29 2019, 09:50 AM)
What did you submit as your proof of verification? Our IC is not allowed
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errr ... passport?
TSmoosset
post Nov 29 2019, 01:17 PM

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QUOTE(DiamondRuby @ Nov 29 2019, 01:14 PM)
Sifu,
I just try your advice, CIMB@SG require to deposit Initial SGD1000 to new account as activation.

Before, I activate it, I Still dont get the point of Saving:-

1) If transfer from CIMB@My -> CIMB@SG, We still suffer the loss from Xrate(MYR-To-SGD) right?
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that's the only way....

loss? They only take a bit for the foreign exchange fee; no transfer fees.

Hey, they're running a business, not a charity. tongue.gif

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