Hi, thank for you info. In the link he was using Instarem, i have chat with Instarem customer service, they dont deposit into brokerage account. Can anyone help to verify this?
I have checked, Charles Schwab have account in Singapore too, wonder if possible to skip local account such as CIMB fast saver by using Instarem.

u can use Instarem to dep EUR/HKD/SGD but not USD into IBKR.

I wondered the same but never got an answer from IBKR and TSG.

Is that your personal blog?

I'm also interested in Charles Schwab. Let me know if you manage to open an account there.

Disregarding what the CS said, it worked for me to deposit EUR, SGD and HKD to IBKR.
Same with banks' and insurance companies' CS, you can only trust them 50% of the time. A lot of them MCC.

Need 25k USD to open if I'm not mistaken

Anyone know if we deposit into IKBR fund via INSTAREM, what's the [sending institution] that we shall put in?

Instarem

not sure if you had clicked on the image and read, Charles Schwab has ceased all operations in Singapore.

yes, need 25k.

by the way, have you looked at TMAmeritrade? They have commission free ETFs incl. IVV, I think.

Can i withdraw the money to Singapore bank account under other people name?

I remember I did but their commission free ETFs are their version of VOO, SPY those. Not mistaken, the expense ratios are higher than VOO, SPY and Ireland equivalent. If I recall correctly they don't have a QQQ commission free ETF, so I didn't sign up under them.

Just to share my experience.

I submit my application to IB on Monday and got the approval on Friday.

I use both Transferwise and instarem to transfer HKD direct to IB, transfer wise slightly more expensive by few RM but reached IB account faster by hours. both transfer executed in the afternoon and reached IB next day evening.

commission
1. E-Micro DJI future - US$1.9 round-trip which is quite cheap ( vs $12 Malaysia broker)
2. Option - $0.75/trade
3. share - $0.005 per share and minimum is $1.00

Margin
1. E-Micro DJI - US$ 2,600 ( which is very high)
2. Option - 100% equivalent to your position
3. share - about 3X the position

hope the above help and happy trading everyone

This post has been edited by Investor12: Mar 27 2020, 02:39 PM

they accept NRIC now or you used passport?

NRIC If I remember correctly. Transferwise ask for my passport.

just another tip. I remember after submission of proof of ID next IB will ask you for proof of address.
I submitted a bank statement for that but was thinking I should have used the same address on my IC.
Maybe it will save me the hassle to submit the bank statement. MAYBE

Of course no. Dont be ridiculous.

is buying stock in the US same like here wherebuy you have to buy 100 unit which is 1 lot. How is it with IB. can someone help me with the calculation of commision charged?

if i open ibkr and do not have singapore bank account. i only have maybank how can i deposit usd to IKBR(paying less commission methdo of course)

Yeah I can confirm it works. I personally tried it with SGD like what esyap recommended

ok, cause it would make it hard to withdraw the money unless i want kena the high bank charges. guess i would need to open an sg account for this.

I can never understand the margin level stated in IBKR platform as my margin level is definitely not 3X position. Please kindly explain. Thanks.