Since you guys using ibkr (US), can you guys buy Singapore sgx listed shares?

Tyvm

Wanted to open CIMB SG account for IBKR usage, for the initial S$1000 deposit, i wonder is it still workable to transfer like S$50 from Malaysia account to CIMB SG and S$950 from Wise? just to save a little from using the Fx rate. and if were to buy SGX listed shares, we don't need to do another conversion right? (Since topping up IBKR is in SGD)

In fact the clause has been there on their website since June 2021 but so far from what I've gathered, seems like it'll still be fine as long as we perform the eKYC CIMB Malaysia Transfer ASAP (and as close to the $1K SGD funding as possible to avoid issues). Some readers opted to complete the eKYC transfer first before funding with Wise to avoid potential hiccups.

Ibkr is just teasing me now for 2 weeks with email stating we have lots of account to check and ibkr prioritize funded account 😂

Unless approved I am not so sure to fund it yet 👀

Wonder how long does it take to get approved though

Haha, why are you holding out? You are going to invest through this platform, and will be trusting them with your money long term, funding now and funding next week makes no meaningful difference if you lack trust now.

With their current status, god knows how long an unfunded account will need to be approved, better just fund it IMO.

Ibkr is just teasing me now for 2 weeks with email stating we have lots of account to check and ibkr prioritize funded account 😂

Unless approved I am not so sure to fund it yet 👀

Wonder how long does it take to get approved though

Welcome to the IBKR club 👍👏

I like to see lots of greens in the US market. Easy to the moon. This year abit special due to interest rate hike and Ukraine war. But if u come in now really right time lar.. All US stocks and ETFs at a nice discount!

Wanted to open CIMB SG account for IBKR usage, for the initial S$1000 deposit, i wonder is it still workable to transfer like S$50 from Malaysia account to CIMB SG and S$950 from Wise? just to save a little from using the Fx rate. and if were to buy SGX listed shares, we don't need to do another conversion right? (Since topping up IBKR is in SGD)

Hi,
Can anyone tell me how do I check the interest rate charged by IBKR? Their Activity Statements show the amount they charged, but I don't have a clue what is the interest chargeable rate pa for margin accounts, for holding short positions, etc etc.
Or, alternatively, are their interest rate charged for margin stocks less than Malaysian stocks?

https://www.interactivebrokers.com/en/tradi...argin-rates.php

For margins, just a matter of negative balances for interest chargeable. They post it every 3rd day of the month.
There is a calculator for borrow and short sale here https://www.interactivebrokers.com/en/index.php?f=46377&p=m

I did that