Apparently no.
https://www.elitetrader.com/et/threads/does...minimum.329812/
Keep in mind the inactivity fees. Less than USD2k in cash or stocks = USD20/month. Less than USD100k = USD10/month.

If we are using whitelabel such as TradeStation, will whitelabel or Interactive Brokers charge us inactivity fees, if we do not perform minimum number of share transactions (less than $20 of monthly commissions) every single month?

No fee.

AFAIK... how much funds you have determine the types of products you are allowed to trade... margin stuff will need mucho $

Whitelabels memang got no inactivity fees.
You paid for it by paying higher commission. Pure IB few cents per transaction, whitelabels $2-4/transaction. Which is still cheap.

Thank you for your respective replies, dwRK and Ramjade.

For common people like us, Whitelabels suits us well. No inactivity fees and the requirement to perform minimum number of share transactions every single month.

Once you hit USD200k, open an account with pure interactive broker. Perform an internal transfer and close the Whitelabels.

Guy, want to ask. I went to tradestation website to open an account, somehow during registration, it direct me to ibkr. Now when I login ibkr and tradestation using same login, is it correct? So I am opening account with ibkr or tradestation and the fees/charges follow which platform?
Anyway the account still pending approval.

Normal.

No. After this you login via Interacrive broker page. No need for tradestation global already.

Fees follow what's written on tradestation global page unless you initiate an internal transfer to pure interactive broker.

Thanks for the explanation.
Will need further explore on fund transfer method. Still not really clear on that. Never transfer money out from Malaysia.

Guys, i wanted try transfer fund to IBKR from my standchart account, see can pass thru or not. i already created a bank wire deposit request in IBKR and have beneficiary and bank details. when i fill i standard chartered international transfer form via online banking, most of it fields input i can find from the info from IBKR, but not sure what to fill for below. need some advise on my 1st international transfer

ID / PASSPORT NO: (is it account number)
CHARGES: (3 options to select), 1) all local & oversea charges borne by applicant, 2) all local & oversea charges borne by beneficiary, 3) local charges borne by applicant, oversea charges borne by beneficiary

by the way, i saw the beneficiary is Interactive Brokers UK Limited, address is UK, but the bank is in new york, US, is this normal?

i was curious how you guys trade US stocks. do you buy USD at our bank rate and TT to IBKR then trade over there in USD then when you want to use money or take some profit only then you exchange your USD back to malaysia bank. if that's the case does the spot USD makes any difference while you trade over there at IBKR? assuming you don't convert back to MYR everytime you sell your US stocks.

Our local bank that offer US stocks don't have withdrawal fee, inactivity fee, monthly trading platform fee.

Don't bother using standard chartered. Final amount which suppose to end up will be lesser say about USD50-100. All kena makan up by standard charted.

But to humour you,
ID should be your unique interactive username usually UTXXXXX.
Charges you pay everything yourself. Pick option 1. Again as mentioned after doing all that, final amount that appear in interactive broker will be lesser. Banks makan your money already (through invisible fees, unfavourable exchange rate)

Yes. Normal. Tradestation global is for IB UK. But since you are transferring I assume is USD, of course the bank is in New York.

We never use Malaysian banks to TT. Well some might. Bloody expensive. What most people do is transfer SGD into interactive broker account via FAST (Singapore version of IBFT). From there, once money available just convert at spot rate into USD. Pay USD2.00 only for spot rate (real time market rates which banks use for themselves).

There's a tutorial over here.
https://forum.lowyat.net/topic/4744515

Difference is a lot over time.

I don't know what US stocks you are talking about. Malaysian banks don't let you buy or sell US stocks. You need a stock broker to do that. As far as I know all stock brokers in Malaysia charente a hefty fee for overseas stock purchased from say NYSE and Nasdaq.

Thanks for highlighting this. If using instarem transfer fund to IBKR. how about later for withdrawal, how it works?
and let's say i transfer USD into IBKR, if i would like to buy Hong Kong stocks, how it works? do i need to convert to HKD?

cannot use instarem to move fund to IBKR.
IBKR doesn't accept fund from third party, generally speaking. IBKR needs to get the fund from you and your bank account.
Instarem has your name, but they don't use your bank acc to transfer fund, so cannot.

for the second Q, yes.

I never test instarem with interactive broker. Yes convert. Alternatively can try bank in HKD100 into interactive broker via instarem and see if it gets rejected.
You can TT back to malaysian banks which will be a pain in the ass as again banks will eat up majority of your money.

For me very simple. IBKR (SGD) -> SG bank account -> SG fintech to trasnfer money back to malaysia. I avoid using banks.

Actually can use for EUR transfer for instarem. Tried and tested. USD and other currency don't know.

eh, really? IBKR accepts EUR via Instarem??

wah... then I've to try it lo....

how come my instarem account says this "Note: Currently, we only support EUR as a sending currency. Please ensure you hold EUR account, otherwise your bank may charge you additionally for currency conversion for which InstaReM would not be liable." ??

According to alexkos. He tested it.

i see. i will go with this path then

remittance - instarem(MYR) -> SG CIMB FastSaver(SGD) -> IBKR (SGD) -> IBKR (convert USD/HKD)
withdraw - IBKR (convert SGD) -> IBKR(SGD) -> SG CIMB FastSaver(SGD) -> (MYR)To find out more