you previously had a tradestation account which uses IBKR UK as backend?

Yes, that's right. Are you on the same boat ?

You can trace back my post from here onwards: https://forum.lowyat.net/index.php?showtopi...#entry107156889

It's a complete record of how the procedure works for me.

---------------------------

Here's another example: https://forum.lowyat.net/index.php?showtopi...#entry105954389

You can search for "LLC" in the "keywords" section using the forum's Search Topic function to see posts related to the transfer from IBKR UK to LLC.

how do we see buying/selling queue on ibkr... i used to be able to see that but now can't find it..

Thanks!

Btw the US LLC account has a depositing bank in Spore like the UK account?

How do you reduce the cost of buy/sell option on IBKR? Currently using the IBKR Pro Tiered for wheel strategy but the fees can really add up.

Saw that there's the maxRebate method to get rebate on fees if use TWS, but I'm trying on the new IBKR desktop and I think the default is just SMART routing.

Not sure if other brokers like Charles Schwab will be cheaper.

This post has been edited by capablanca: May 16 2024, 02:06 PM

You mean depositing bank for SGD? Yes, it's Citibank N.A.

Roche got some room to breath with traders covering their short positions...

https://www.reuters.com/business/healthcare...ial-2024-05-16/

https://www.ft.com/content/ef094c91-4658-4b...dc-371bb5f73b18

huh lucky me the long-term investor.... lol

Tried withdraw USD10k from IBKR to Moomoo SG but the fees is USD35! Is there any cheaper methods to to do it? Am trying to move some money to Moomoo instead of concentrating in IBKR

Used Wise and no cost were shown, hope it'll be free and subsequent withdrawal cost USD1 at IBKR

This post has been edited by hedfi: May 17 2024, 10:35 PM

IBKR give you one free withdrawal a month. 2nd withdrawal cost money.

hedfi IBKR users have 1 FOC withdrawal each month, so this Wise trx should be free. Moomoo SG can link to Wise (hopefully deposit is free)

do note that there seems to be no way to withdraw from Moomoo SG out to Wise for now. And USD convert to SGD in moomoo has a fee of 0.3-0.4%.

No ibkr USD2 per $100k conversion miracle

This post has been edited by Medufsaid: May 18 2024, 09:00 AM

Was reading this book recently:



Learnt a tonne about all those exchange rebates and how HFTs and market makers profit from Main Street... Maybe should route my orders to IEX next time...

Some useful links:

https://www.thetradenews.com/lessons-learne...rom-flash-boys/

https://www.nytimes.com/2014/04/06/magazine...hael-lewis.html

https://www.vanityfair.com/news/2015/03/mic...-one-year-later

https://www.reddit.com/r/CFA/comments/j5tlh...wis_flash_boys/

The book was longlisted for FT Business Book of the Year 2014.

---------------------------------------------------

Another interesting read is Dark Pools by Scott Paterson.



This post has been edited by TOS: May 18 2024, 12:00 AM

Thanks

USD1 for subsequent withdrawal is a steal

Thanks

Through Wise downside is it's credited next day, in this case Monday but ok la, free once a month

Moomoo SG no issue cos I have CIMB SG

I convert in IBKR if I want SGD sent to Moomoo SG

hedfi there doesn't seem to be a way to withdraw SGD out via Wise, only IBKR->USD->Wise

I don't think it USD 1 for subsequent withdrawal. USD1 is for ACH. Wise is lousy bank to ACH as BNM only mandate RM20k limit only.
https://www.interactivebrokers.com/en/pricing/other-fees.php

$1.00 is correct

hmm. looking at how IBKR withdraws out to Wise, seems like there is no direct IBKR->Wise method. they have to withdraw out to a local US bank that partners with Wise.

so the same limitation will apply for Moomoo SG which doesn't have any partnership with US banks (all USD in Moomoo SG is parked with DBS)

This post has been edited by Medufsaid: May 18 2024, 12:13 PM

Yup that's right. Community bank that partner with wise.

IBKR > Wise free, takes one working day

Wise > Moomoo (USD to USD) could be 0.1096% (was charged USD10.96 for USD10k) took like 2 minutes to show up at Moomoo

Wise USD > Moomoo SGD would cost USD41.96 for same amount

This post has been edited by hedfi: May 21 2024, 07:02 AM

just started using IBKR here.. what's the best way to fund?
I just started using moomoo my and moomoo sg. I was funding moomoo sg via Wise, but i saw afew pages back someone made a comparison that moneymatch is way better.
Is moneymatch safe? how does it work?