After parking USD at DBS for nearly 2 years, it's time to reverse the flow of money back to IBKR. USD 2 month yields 4.67% p.a. for DBS but 2-month T-bills still yields 5.14% p.a. (50 basis points spread! ) and given the 30% WHT refund will come next February which is not too far from now, it makes more sense to go back to BIL ETF.

First time doing it in reverse and first time using DBS Remit.

Anyone send USD to IBKR via DBS Remit before? Are there any incoming charges from Citibank for the IBKR side (receiving bank side)?

I know it's free on DBS (sender side) using DBS Remit, but receiver side not so sure. 

WSJ Business | Retail | Heard on the Street

Luxury Brands’ New Snag? Handbag Arbitrage
It is cheaper to buy designer goods in Europe than in China, and resellers profit from the gap. Posh labels find it hard to crack down.

https://www.wsj.com/business/retail/luxury-...share_permalink

can't tell yet...

BUT, if online FPX / DuitNow (MYR) funding is available, then by right it should be cheaper since you cut away 1 middleman, just FPX MYR then convert internally to USD/whatever at the USD2/conversion cost

Currently we have this option of adding MYR in ibkr using transfer from wise balance.

So it should be cheaper right if we top up MYR in our wise, then transfer MYR from wise to IBKR before converting MYR to USD internally in IBKR compared to the option of converting MYR to USD in WISE and transfer this USD to IBKR?

sorry, would like to enquire.

can interactive brokers accept ringgit? or did you mean wise converted the ringgit to usd/sgd/whatever before transferring the funds to your ibkr account?

Medufsaid's example actually indicated that conversion happened with wise.

Yea the conversion happened within Wise regardless of which method you choose.

...

IBKR does not support MYR (for now... not sure if things will change in the future...)

To create a straightforward trading process, Interactive Brokers will facilitate trades with an automatic FX conversion between a client’s base currency and the Malaysian Ringgit using a conversion rate determined based on the prevailing foreign exchange market rates. This eliminates the need for pre-trade currency conversions and simplifies the trading experience for clients.

[...]

Source: BusinessWire

i can enter GTC orders already for FKLI/FCPO (queued for a very low price just to see if order will go through).

Halo

Good day all sifu. I am newbie here.
I reactivate my account to follow up and get updates related to IBKR here.

Thanks

Welcome to Lowyat's IBKR community.

We are active here as always. Ready to update you anytime, anywhere...

Maybe we should start a news subscription service soon.. charges will be...

Thanks taiko

I was bump into this when checking about trade station.

Not sure anyone know about this,
I bit confused about
-tradestation
-tradestation International
-tradestation Global

are they same ?
can we malaysian open account for tradestation , not sure where is their nearest office...SG ?

How did a marketing gimmick designed to build customer loyalty in the 1980s after US airline deregulation become such a cultural flashpoint? These days, frequent flyer programmes are highly sophisticated businesses, more profitable in some ways than the airlines to which they are attached.

...

Airlines sell miles to credit card issuers, who use them as rewards to lure affluent customers and convince them to spend more. Co-branding agreements, such as United’s deal with JPMorgan Chase, also include a share of the transaction and annual fees. Compared to ticket sales, it is easy revenue, unaffected by storms and other operational issues.

Loyalty schemes have also become more sophisticated about the way customers cash in their miles. Dynamic pricing steers most reward bookings to seats that would otherwise go unsold — maximising profits from point sales — while reserving the most attractive deals for the high-value customers airlines want to keep sweet.

“The programmes have become smarter and better run, and some people are bearing the brunt of that,” says Evert de Boer, managing director at consultancy On Point Loyalty.

Thus I never manage to book reward tickets to anywhere enticing, while my globetrotting attorney friend gets upgraded every time she flies.

Life has never been fair, but the Covid pandemic and its aftermath have put the system under extra strain. When travel was curtailed, customers continued to rack up miles on their credit cards. American Express and other issuers offered bonuses to encourage cardholders to put streaming, shipping and goods purchases on their cards. Meanwhile, relatively few miles were being redeemed, and airlines let customers roll over miles and retain perks.

After lockdowns eased, leisure travel rebounded first, flooding airports with the kinds of customers who make more extensive use of lounges and reward seats. Faced with a crush, the airlines prioritised buyers of expensive tickets and cut benefits they had promised to ordinary cardholders.

The cries of bait and switch reflect just how far these programmes have wormed their way into customer lives. “People get really invested and emotional. When things change . . . it can feel like an affront,” says Tiffany Funk, co-founder of Point.me, a travel reward website.

There is also a competition problem. Many passengers do not have the freedom to change loyalty programmes. An Atlantan has to take a lot of Delta flights if they want to fly nonstop. A Denverite is beholden to United. And credit card companies penalise customers who cancel their cards too soon or too often.

“Consumers suffer these harms and don’t have many alternatives because the airline industry has become so concentrated,” says Ganesh Sitaraman, law professor at Vanderbilt University. “That’s why the DoT and CFPB actions are so important.”

But smart executives would not wait for government intervention. Carefully tailored bonuses could do much to rebuild loyalty. Mileage programmes won’t be nearly as lucrative in the future if customers end up loathing the associated airlines.

You are probably my taiko

We don't use Tradestation (TSG) anymore after IBKR removed the inactivity fee back in July 2021, now we just bypass all introductory brokers and go straight for IBKR.

IBKR serves as TSG's backend "white label" broker, not unlike Rakuten Malaysia right now.

As for the differences between the different "TSGs": https://en.wikipedia.org/wiki/TradeStation

Tradestation Securities is the US version offered to US residents, Tradestation International is the UK version catering to the rest of the world. Tradestation Global is just an alternative name for TS International.

The company was acquired by Monex Japan back in 2011 and all info about Tradestation can now be found in Monex Japan's website: https://www.monexgroup.jp/en/investor.html

 

Hope that helps.

Thanks for clear clarification.It very clear.

I wonder is it easy for us to open account, transfer fund etc.

Some of my client who use IBKR also inquiry about Tradestation, i am checkout on it.

Thanks for clear clarification.It very clear.

I wonder is it easy for us to open account, transfer fund etc.

Some of my client who use IBKR also inquiry about Tradestation, i am checkout on it.