Thanks for info

Long time ago, I transferred money from Maybank to a US brokerage account. Called up the bank etc and no one could give me answer. To know the answer, its best to physically go to the branch. There, they finally managed to get the correct correspondent bank, SWIFT code etc. If the branch people don't know, they will know how to ask their people to get the correct answer.

Haha. Not me. Another person that is having difficulty.

This post has been edited by abcn1n: Oct 17 2023, 09:56 PM

Margin just help you to speed up the settlement date. You don't need to wait for T+2 for settlement and can straight buy and sell. As long as your cash balance is positive, you will never get charged in margin.

I am still on IBKR UK.

I diont think it's USD25. I believe it's USD25. Then intermediate bank take another cut.

This post has been edited by Ramjade: Oct 17 2023, 10:45 PM

Why you don't change to IBKR LLC or you can't because using whitelabel?

The whitelabel was Tradestation Global (TSG). After IBKR cancelled the 10 USD monthly inactivity fees, many opted to shift to IBKR UK, which is the backend of the whitelabel. Since TSG is based in UK, the backend is automatically IBKR UK.

So, Ramjade and I shifted from TSG to IBKR UK, but I took the extra step of shifting further from IBKR UK to US LLC because of the reasons mentioned in my earlier post.

There is nothing wrong with keeping your assets with IBKR UK.

I did change from whitelabel. Only laszy to move it to ibkr us llc. Maybe one of these days when I am free.

Thanks for this. But what is the SWIFT code for Citibank N.A or address? And how do i link to my Maybank account for the transfer?

Thanks

Thanks

Sorry, it is the same as what Ziet taught on his youtube. You are using the SWIFT code of Maybank or Hong Leong but when choosing the US correspondent bank you only choose Citibank N.A.

I almost forgot IBKR's Q3 results (PDF download link): https://gdcdyn.interactivebrokers.com/mkt/g...atestEarningsPR

https://investors.interactivebrokers.com/ir/main.php

cybermaster98 2nd half of the video. timestamp 7:40 onwards

I only remembered that ziet did this video after melondance mentioned it. At least now I know where to refer ppl to if they ask for this. This will be Plan C. Plan A =Cimb sg->Cimb my, Plan B = wise.

Plan B I suspect I'll rarely use due to expensive wise fees, what more Plan C

This post has been edited by Medufsaid: Oct 19 2023, 09:06 AM

he envision moving ~$10mil usd in 10 yrs time from ibkr directly to mbb... he not bothered with our b40 methods... des why keep on asking everywhere about intermediary banks... told him liao jpm chase or citibank and somebody even say maybank new york... he just have to do a test transfer now...

I asked cuz i wasn't getting the answers. But now thanks to some of our members here i have the answer. Nothing about whatever amount or b40 or T5.

Hi, newbie here.
I just submit my application. It stated "Your account application is pending approval."
But it does not ask for my photo id verification.
I tried 2 applications also same..

I follow the youtube mentioned about.. not sure how long i will get the application approved.

My aim is to transfer TD Ameritrade SG to IBKR.

takes about 2-3 days. how long you waited already?

This post has been edited by Medufsaid: Oct 19 2023, 03:12 PM

I just submitted.

But thing is, it does not ask me for
1. A Photo ID To verify
2. Document to Verify

So, i wonder if i was missing something...

Medufsaid When you transfer from IBKR to CIMB Sg is it you change into SGD in IBKR and transfer SGD to CIMB or you are transferring USD into CIMB Sg?

abcn1n transfer SGD for free to IBKR (like how you bank in to your local stock broker). then, change SGD to USD inside IBKR. you'll be charged U$2 per U$100k, or minimum of U$2. reverse flow, follow the same fee structure. U$2, then FOC IBKR->CIMB sg

This post has been edited by Medufsaid: Oct 19 2023, 03:38 PM

So change to SGD in IBKR b4 transferring out. Thanks

Try a test transfer this month, if it reaches your bank account then proceed to do a large transfer the next month

Ohh I missed out 2 important company results...

Nestle: https://www.nestle.com/media/mediaeventscal...ine-month-sales Takudan

Roche: https://www.roche.com/investors

Both stocks in the red today, so you can guess their earnings...