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 - $1 per share

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

Earlier when i registered my IBKR and TD Ameritrade account, i had pre-selected USD, am i required to switch it to eg. HKD to make the transfer in HKD via Instarem or Transferwise?

Also, commission for share you mentioned is $1 per share or per trade? eg. 100 units of MFST = 100$ comm?

Earlier when i registered my IBKR and TD Ameritrade account, i had pre-selected USD, am i required to switch it to eg. HKD to make the transfer in HKD via Instarem or Transferwise?

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

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.

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.

Yes it is. For those who are curious, they still retain their bank account in singapore for deposit, below is the detail. Will call them again to reconfirm on this.

Earlier when i registered my IBKR and TD Ameritrade account, i had pre-selected USD, am i required to switch it to eg. HKD to make the transfer in HKD via Instarem or Transferwise?

Also, commission for share you mentioned is $1 per share or per trade? eg. 100 units of MFST = 100$ comm?

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

you buy share or futures/option?
for share, if you purchase 100 share @1 each = 100 your position size. you will need to have $35+/- in your account ( not exactly 3X but close to)
for futures is different depends on which instrument you are trading.

Dears may I just confirm, so I registered via tradestation because of the trading/inactivity brokerage fee.

Later I just straightaway use IKBR for rest of my life, the brokerage, fee, margin etc follows what was offered in tradestation right?. i.e.
- 0.007 per share brokerage
- no inactivity fee
- higher margin fee

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

I don't have TMAmeritrade acc.

For IB, your base currency doesn't matter. You can deposit in any currency. You convert it yourself on the platform.
I suspect it's the same for most platforms, incl. TMAmeritrade and Charles Schwab.
It would be really stupid if they only accept deposit in base currency.

where did u all sifu buy US stocks? I cant find a reliable broker

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

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

Actually can. I just checked. But longer, more difficult and subject to approval.

Im thinking to fund my ibkr acc through local bank online TT transfer, but the bank wants me to upload proof showing i had a stock purchase frm the broker as a supporting document.

I was like....Watttt??? I suppose to fund first then only able to trade, how to provide such supporting document since i not even fund my acc yet??