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 Interactive Brokers (IBKR), IBKR users, welcome!

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melvinfoo_
post Apr 11 2020, 09:37 PM

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QUOTE(dwRK @ Apr 11 2020, 08:17 PM)
got 100k no need to play fractions oh...
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rclxms.gif rclxms.gif rclxms.gif thumbup.gif thumbup.gif thumbup.gif

partly good if have fraction is dividend reinvest.

if have fraction this TS global should perfect for me esp for starter.
Ramjade
post Apr 11 2020, 09:50 PM

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QUOTE(dwRK @ Apr 11 2020, 09:24 PM)
you worry too much on that $10 fee
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Usd120/year is good money I don't want to be wasting.
kart
post Apr 11 2020, 09:54 PM

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QUOTE(dwRK @ Apr 11 2020, 08:18 PM)
non pro is correct
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Thank you for your confirmation, dwRK. notworthy.gif

TSmoosset
post Apr 11 2020, 10:05 PM

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if you own less than 1 share, still got voting rights?
melvinfoo_
post Apr 12 2020, 01:27 AM

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i only care about my votes when i have 200k portfolio and above... lolx for me la..
Yggdrasil
post Apr 12 2020, 02:07 AM

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QUOTE(moosset @ Apr 11 2020, 10:05 PM)
if you own less than 1 share, still got voting rights?
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Even if have, I don't think<1 unit can influence the board laugh.gif
erizdagreat
post Apr 12 2020, 07:31 AM

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QUOTE(dwRK @ Apr 11 2020, 09:24 PM)
you worry too much on that $10 fee
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Yeah, Ramjade. You should stop sweating the small stuff. Haha
dwRK
post Apr 12 2020, 01:22 PM

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QUOTE(Yggdrasil @ Apr 12 2020, 02:07 AM)
Even if have, I don't think<1 unit can influence the board laugh.gif
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1 share gives you rights to attend agm and free refreshments...locally lah... haha
TSmoosset
post Apr 12 2020, 01:35 PM

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QUOTE(dwRK @ Apr 12 2020, 01:22 PM)
1 share gives you rights to attend agm and free refreshments...locally lah... haha
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and most importantly, door gifts!

SG also right?
FishIsSmart
post Apr 12 2020, 03:34 PM

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more efficient to rely trading rather on commission
Ramjade
post Apr 12 2020, 05:44 PM

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QUOTE(erizdagreat @ Apr 12 2020, 07:31 AM)
Yeah, Ramjade. You should stop sweating the small stuff. Haha
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QUOTE(FishIsSmart @ Apr 12 2020, 03:34 PM)
more efficient to rely  trading rather on commission
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Commission and fees is something we con control Trading or investment is not something we can control Anyway I never trade.
kart
post Apr 12 2020, 09:54 PM

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Other than market data, what settings should I choose in Interactive Brokers, to prevent unnecessary fees being charged?

Sorry, I am still quite new in using Interactive Brokers. The amount of settings in Interactive Brokers can be quite overwhelming for beginners.

Thank you for your information. smile.gif
TSmoosset
post Apr 12 2020, 11:03 PM

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QUOTE(kart @ Apr 12 2020, 09:54 PM)
Other than market data, what settings should I choose in Interactive Brokers, to prevent unnecessary fees being charged?

Sorry, I am still quite new in using Interactive Brokers. The amount of settings in Interactive Brokers can be quite overwhelming for beginners.

Thank you for your information. smile.gif
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I don't think there are any special settings for lower fees. hmm.gif
Investor12
post Apr 12 2020, 11:22 PM

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There is but small amount too. It depends if your order type is remove liquidity or provide liquidity. The difference in commission for example in trading option is 0.79 vs 1.2 dollar per trade.
There is a video on youtube talk about this you can search.
Ramjade
post Apr 13 2020, 07:31 AM

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QUOTE(kart @ Apr 12 2020, 09:54 PM)
Other than market data, what settings should I choose in Interactive Brokers, to prevent unnecessary fees being charged?

Sorry, I am still quite new in using Interactive Brokers. The amount of settings in Interactive Brokers can be quite overwhelming for beginners.

Thank you for your information. smile.gif
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Just make sure don't withdraw more than 1x/ month. You get one free withdrawal a month. Other than that no hidden charges.
dwRK
post Apr 13 2020, 10:26 AM

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QUOTE(moosset @ Apr 12 2020, 11:03 PM)
I don't think there are any special settings for lower fees.  hmm.gif
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got

can set preferences for faster execution, lowest fees, exchange rebate, etc... all depends on what you buy lah
Ramjade
post Apr 13 2020, 01:47 PM

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QUOTE(dwRK @ Apr 13 2020, 10:26 AM)
got

can set preferences for faster execution, lowest fees, exchange rebate, etc... all depends on what you buy lah
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What's the exchange rebate?
nickcct
post Apr 13 2020, 08:15 PM

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Want to ask about Tradestation global. IBKR already approved my account, however I didn't not receive any email from Tradestation, means my account is approved?
kart
post Apr 13 2020, 10:01 PM

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QUOTE(moosset @ Apr 12 2020, 11:03 PM)
I don't think there are any special settings for lower fees.  hmm.gif
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QUOTE(Investor12 @ Apr 12 2020, 11:22 PM)
There is but small amount too. It depends if your order type is remove liquidity or provide liquidity. The difference in commission for example in trading option is 0.79 vs 1.2 dollar per trade.
There is a video on youtube talk about this you can search.
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QUOTE(Ramjade @ Apr 13 2020, 07:31 AM)
Just make sure don't withdraw more than 1x/ month. You get one free withdrawal a month. Other than that no hidden charges.
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Thank you, moosset, Investor12 and Ramjade. smile.gif

I understand that for TradeStation Global, the commission for trading stock is fixed. For example, for SGX, the commission for SGD-denominated stocks is 0.12% of trade value, or a minimum of SGD 3.75.

My point is that, a beginner like me may have accidentally activate some add-on services, such as market data, which is not free. I may have wrongly assumed that these add-on services may be free.

I just want to make sure that I do not accidentally activate these add-on services.

This post has been edited by kart: Apr 13 2020, 10:11 PM
Ramjade
post Apr 13 2020, 10:40 PM

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QUOTE(kart @ Apr 13 2020, 10:01 PM)
Thank you, moosset, Investor12 and Ramjade. smile.gif

I understand that for TradeStation Global, the commission for trading stock is fixed. For example, for SGX, the commission for SGD-denominated stocks is 0.12% of trade value, or a minimum of SGD 3.75.

My point is that, a beginner like me may have accidentally activate some add-on services, such as market data, which is not free. I may have wrongly assumed that these add-on services may be free.

I just want to make sure that I do not accidentally activate these add-on services.
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They are all op in. You can youtube to see how to subscribe to these additional services.

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