ibkr real time option data is $32.75 monthly?

am i looking it right?

Is wise ACH method still working since they change the US account details?

USD4.50/month.

Yes, just remove saved information in IBKR and relink again. It will only let you use the new US account details.

Yes IBKR does not ask for these. And they normally approve new account opening within 2 hours not 1-3 days.

Sent some USD to my Wise after checking the details in IBKR to Wise and it matched. Fund were returned cos of wrong details. Need to re-add the Wise account(which is exactly the same when they rejected and returned my $) and it worked. Kena fees cos 2nd time for the mth 🤦

IBRK took few days to approve my account. so much so that i got desperate and tried to link direct debit to my wise. (direct debit won't work bcos IBRK will take U$x.xx from my wise, and require me to state how much was taken to prove i own the US acct. of which wise will take days to reflect in account)

approval came few days later and i could finally ACH

Hmmm.. guess I too have to do something to Wise (previously linked to IBKR but did not proceed with transfer of $)

Previously I linked Wise to IBKR but then didn't proceed with transfer because had to convert into USD in Wise b4 money could go to IBKR (wanted to convert in IBKR due to better rates).
Sorry not familiar with ACH. Are you saying with ACH, you are still using Wise but can convert USD in IBKR OR you are just using another bank account to transfer to IBKR

you can only convert SGD inside IBRK, not RM. for RM, if you want to deposit into IBRK from wise, you can

1. convert in Wise to USD, then from Wise, ACH to IBRK for a fee of U$0.39. or,
2. link wise<->IBKR, then from IBKR, request a transfer from wise (direct, but more expensive than item 1 even if ignore the 39 cents surcharge)

if your IBKR account is created but not approved, IBKR won't give you any bank details to do ACH transfer (via wise, or any other US banks)

This post has been edited by Medufsaid: Oct 21 2023, 05:09 PM

Thanks. For me, I just transfer SGD to IBKR from a Singapore bk and convert in IBKR to USD. Wise is not good for conversion of RM to USD from my experience.

yea. i only use 1 because of the 2 week waiting period to setup the SG account

Don't know la. I believe cheapest route
RM-> SGD via moneymatch/money changers -> sg bank acocunt--> SGD into IBKR -> convert to USD via IBKR

Ya. This is what I did. Exchange SGD with my friend. Pass him RM, he bank in SGD to my CIMB sg account.

Nah for you. Wise is not the cheapest route if you are doing large amount and doing it for long time. Also US stuff got 30% dividend tax yo. Keep in mind. To avoid 30% dividend tax by Ireland based etf. It will cut your dividend tax to 15%

Which one did you invest in? I'm thinking of parking my son's savings under voo.

you can pick VUSA instead of VOO... save 15% on dividend tax. to save on transaction fees, use the "recurring investment" feature in IBKR to buy
https://www.bogleheads.org/wiki/Nonresident..._domiciled_ETFs

This post has been edited by Medufsaid: Oct 23 2023, 10:08 AM

I said many times in many places. If you want highest return, go with QQQ. Their return have always been more than S&P500 butord volatile. If you cannot stand volatility, then stick with S&P500. Ireland version of QQQ
https://www.reddit.com/r/singaporefi/commen...lent/?rdt=63973

US etf if you want to do options.
Ireland version if you don't want options and save 15% on dividend tax.
CSPX (non fractional shares) or VUAA (lower price and support fractional shares)

Once you get 100 shares in US, you can easily do options to get back your 30% tax and more. Not everyone wants to do options.

This post has been edited by Ramjade: Oct 23 2023, 10:11 AM

Thank you bro. My first time venturing out of Malaysia for my money. You have taught alot. Thanks

Well would like to tell you "I told you so"