Yes, TSG does not accept Singaporeans.

eh... why so weird??

Singapore govt banned their citizen from using interactive brokers for local stocks but they still can use it to buy overseas stock. My guess is TSG does not want the trouble of compliance to SG govt hence the easier option is to ban them.

Something about to protect their cartel of brokers.

I see. Thanks for the info.
For once, being a M'sian has an advantage.

Others like TDAmeritrade, Captrader etc also the same? all ban?

TD Ameritrade only deals in US market. And they have office in Singapore. No issue.
Captrader is more relax.They are like interactive broker. Let let Singaporean open an account, you can use account to buy other market except singapore market.

I vividly mb the Javier fella telling me that he recommend another platform that has cheaper fees than tsg but can only trade US stocks. I decline so i guess i will resubmit application with all msian docs

for those of you with high net asset with IBKR, do you get free live market data?

This post has been edited by moosset: Mar 10 2020, 09:43 AM

Im actually working in Singapore, only afraid that if i solely put Malaysian details without telling them that I am currently staying/working in Singapore, complications might arise - therefore i went pure IBKR.

Thing is: even if i put everything in Malaysia and sg work details, they questioned me on it and the reason why i put work/place of stay is in Sg - never got approve. So guess the only way is either you lie saying everything is in Malaysia or just pure iBKR.

Aiyoo. Put la work in Singapore. Address put la Malaysia. Put according to your IC/bill.

Alternatively use Captrader. They don't mind if you stay in Singapore.

Yup i did - they didnt approve it. They ask me to give reasons saying why put work in Singapore. After which, they didnt approve it. I am not sure if its stricter or what. lol

Also, even if they did approve, I am unsure what are the consequences of me not declaring initially tax numbers in Singapore as only put Malaysia's. (i tried putting Sg taxes number too, they say anything with Singapore in it, wont approve). So technically, its either you lie everything that you are in Malaysia, stays in Malaysia, works in Malaysia vs saying the truth.

Captrader is another option but thinking down the road to DCA, breakeven in 10 years +- reach USD 100k.

This post has been edited by GloryKnight: Mar 10 2020, 04:05 PM

Anyone here successfully used IBKR's cheap margin to get higher return? I.e. buying ETFs using 1.5% margin and hold long term

been looking at hardware zone and saw two news

https://forums.hardwarezone.com.sg/money-mi...053471-487.html

telegram group created https://t.me/sgIBKRcommunity

IBKR coming to SG in May (SG customers being migrated in April)

Will this affect us? Any difference/cost saving?

Cheaper trades for sgx, presumably.

according to the post i read - can buy sgx (now sg cust not allowed) but fees will charge gst

For us malaysians no problem. For them singaporean still cannot buy.

noted.. but i guess 1 benefit is if tied to SG entity, if croaked no need to follow US estate law?

I just sent EUR direct from Instarem to IBKR.
Instarem says that the money has been sent.
However, IBKR still says pending receipt.
Anyone faced this issue before?

No worries. It will take some time before IBKR updates their system, usually less than half a day.

The main issue I have is, sometimes InstaRem is a bit slow. I just chatted with them 2 days earlier because one transaction lama2 still processing. Then he said, they made an error. Will rectify it asap.

This post has been edited by moosset: Mar 13 2020, 07:02 PM

Transferwise is only slightly more expensive than Instarem(a few ringgit for RM10k), I have sent money from Malaysia to HK (HKD), it took only a few hours(about 2-3 hours) and the account has been updated in 3 hours after the initiation of transfer.

Instarem is an useless incompetent Singaporean company with so much bureaucracy.

This post has been edited by powerlinkers: Mar 13 2020, 07:48 PM