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 Interactive Brokers (IBKR), IBKR users, welcome!

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silverwave
post Mar 2 2021, 10:39 AM

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QUOTE(Watta?? @ Mar 2 2021, 10:14 AM)
Hi guys, just noticed they changed to using HSBC singapore, made a transfer about 1hr ago via my CIMB SG but funds still not showing in IBKR.

Normally how long does it take ya with the new HSBC? I remember last time it only took 5mins for the funds to show in IBKR
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I did at 11pm last night and it is showing at 8.30am today.
silverwave
post Jul 10 2021, 01:02 PM

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Referral fee is only for new users to IBKR right? If delinking from TSG, there should be none i guess.

I'm wondering what is TSG's come back plan biggrin.gif
silverwave
post Jul 14 2021, 10:32 PM

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Do you guys ask TSG first about the $0 inactivity fee or straight email them to delink?
silverwave
post Jul 16 2021, 10:08 AM

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TSG didn't even reply my email and i got an email straight from IB requesting to call tongue.gif
silverwave
post Jul 16 2021, 10:55 PM

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QUOTE(TOS @ Jul 16 2021, 09:18 PM)
1. Refer to your "verbal verification" email. Mark down the US toll-free number.

user posted image

2. Download Skype https://www.skype.com/en/get-skype/ (You can choose phone/Windows/Mac/Linux) I use Windows, crystal clear sound (perhaps it's night here)

3. Install Skype on PC/Mobile phone if you use app version

3. Register a Microsoft account, or sign in with one if you already have it.

4. Add Interactive Broker to your contact list "Add a phone number"

user posted image

Make sure you take away all the dash any empty spaces when you add number. So for IBKR's case, the country code is +1 which is already given, you just type: 8666942757

No blanks and dashes remember.

5. Once contact added, you can call from Skype. Just click on the "call tab" and call IBKR from the drop-down menu.

user posted image

Remember for US call, the format is different from what Gracie suggests in her blog. If your listen carefully, for US case:

1. Enter the digits of your account number. If account number is U1234567, type on the keypad 1234567 followed by the hash sign, #
2. Now comes to account type, your should press 4 (for introducing broker, as you are still under TSG)
3. Now wait, you will be contacted by a live agent. It should be fast, less than 1 minute or 2. (For my case)
4. Mention your ticket number, and tell them your intention/purpose, then proceed with verbal verification (For desktop users, don't forget to greet people and ask if they can listen to you in case mic/speakers stop working)

Keep environment silent too from beginning, mute your mobile phone/PC temporarily (the other device which you are not using to call via Skype) and pause videos/music on phone/PC. 

Gracie's case I think she called using HK's phone number, so more "keys" to press. US more straightforward, it seems.
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Thank you for this guide, it was super fast and efficient customer service. I clarified about the inactivity fees and he said, yes it has been removed.

About the fees, he said it is a minimum of $1 but about half a penny if more than a certain amount of shares.

He also said they process it every Friday normally.

This post has been edited by silverwave: Jul 16 2021, 10:55 PM
silverwave
post Jul 16 2021, 11:02 PM

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QUOTE(TOS @ Jul 16 2021, 10:58 PM)
Minimum of 1 USD is fixed pricing. Tiered pricing is 0.0035 USD per share, minimum 0.35 USD.

Still waiting for my answer on fixed vs tiered for SGX pricing. Maybe I should make good use of that excellent toll-free Skype service once again. tongue.gif
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Ok i checked their website, now makes a bit more sense. Still cheaper than TSG anyway.

Yea just call them, it's free biggrin.gif
silverwave
post Jul 17 2021, 12:29 PM

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QUOTE(rexus @ Jul 17 2021, 08:09 AM)
High 5!

Same for me in terms of the logo and referral.

Similar to the steps above:

1. Submitted my delink request form and passport on 14th July through email (accountmangement@interactivebrokers.com) and IBKR message centre
2. Received response from IBKR through message centre saying my request is being processed.

That's about it for me too.

EDIT:

Daily report dated 16th July 2021 confirms that the delinking is completed.

Switched to tiered pricing and enabled fractional shares.

As stated above (similar experience with Tadashi), I was not requested to give them a call to verify details.
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Hi, can we check this in our account? I asked to delink only and didn't say tiered/fixed.
silverwave
post Jul 24 2021, 10:33 AM

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Mine also just changed after 1 week, i see the IB logo and account/customer type is now individual. biggrin.gif
silverwave
post Sep 29 2021, 09:00 AM

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Hi, is there a way to getting notifications in the app if a share has been bought?
silverwave
post Nov 9 2021, 11:23 PM

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Hi, i was trying to buy a stock but this message appeared for the first time. What does it mean?

"BUY 10 IFNNY PINK.INTPREMQX @ 48.00" Not allowed to open a position: no trading permission. You may need to add the appropriate trading permission through Client Portal.
Your account is eligible to upgrade to margin account.

Client portal shows me cash, margin, portfolio margin. My account is set to cash.
silverwave
post Nov 10 2021, 09:59 AM

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QUOTE(tadashi987 @ Nov 10 2021, 01:03 AM)
purchase any stock before using your account?
looking from your error message, it seems you need to navigate to Account Management > Trading Experience & Permissions
then add your appropriate trading permission under "Stocks" section

here's my setting:
user posted image
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Yup, bought and sold a couple of times, no issue. Only this particular share or IBKR was crazy last night.

I will cross check with your screenshot, thanks.
silverwave
post Nov 10 2021, 02:58 PM

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QUOTE(dwRK @ Nov 10 2021, 12:19 PM)
pink stocks need different permissions I think
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i think so too but will have to reconfirm
silverwave
post Nov 10 2021, 05:37 PM

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QUOTE(Ramjade @ Nov 10 2021, 04:12 PM)
You need to enable OTC trading.
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Is it related to switching cash account to margin account?

Tried to google but i can't find a direct answer.
silverwave
post Feb 22 2022, 11:08 PM

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Hi, for IBKR day trading, must it be a normal cash account or margin only?

3 day trades within 5 consecutive days seems ok for those below USD25k.

This post has been edited by silverwave: Feb 22 2022, 11:10 PM
silverwave
post Feb 23 2022, 10:47 AM

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QUOTE(dwRK @ Feb 22 2022, 11:23 PM)
cash acc must wait for T+2 days for to settle... trade any earlier you violate free riding trading regulation and you get suspended... margin account no such problem... if you can manage obviously no problem with either
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Meaning if i buy on a Monday, i can only sell on Thursday/Friday right?

In IBKR, can we have 2 accounts, margin and cash or either 1 only?
silverwave
post Jun 9 2023, 10:17 PM

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Hi, which is a better method to fund IBKR? Wise or through SGD account, which way is cheaper?
silverwave
post Jun 9 2023, 10:43 PM

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QUOTE(travelisfun @ Jun 9 2023, 10:24 PM)
It depends on how big is your funding amount.

As IBKR charges US$2.00 per each currency conversion.

Wise will charge more if you convert more, say (MYR to USD, the more you intend to convert, the more you will pay in conversion fees).
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In the past, i will transfer MYR to my SGD account using Wise and then make a local transfer to IBKR. SGD to USD conversion is $2.

Now IBKR has the option of direct transferring from Wise but i've not checked if there are any hidden fees. That means MYR to USD in IBKR by using the Wise option.

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