if that's the case high net worth individual will have big problem. imagine if they want to deposit Rm300K they need to do 10 times Rm600K do 20 times? correct me if i'm wrong (maybe due to capital control?? am guessing)

So if the owner of the account passed away, the capital gains on all the stocks will be taxed 18% to 40%? I didn't know that.

Do you know the procedure of getting the money back if this was already written in the will? I'm just concerned if there are a lot of hoops to jump through or if they make it very difficult for the beneficiaries to claim the funds like what joeblow said. How do you guys manage this for your international brokerage accounts?

hey guys , i am trying to transfer HKD from instarem to ibkr but i am kinda confuse which the details should i put.  Is this correct ? what should i put in the NICKNAME column and the contact ? the country of residence is correct ? pls someone can help ?
<a href='https://pictr.com/images/2020/06/14/7xGzfB.md.png' target='_blank'>https://pictr.com/images/2020/06/14/7xGzfB.md.png </a>

how long does it take to open account with TSG?I have deposited USD1K till now my account is still processing since 2June. Emailed TSG and IBKR, TSG just replied "The fund of 1000USD has been processed in your account on 02 Jun 2020."
IBKR no response at all. Don't know what to do. Already 2 weeks now...

Same here. Registered and deposited on 5th June but pending approval until today.

IBKR reply to my inquiry regard to the fractional stock, won't be available for user who register through TSG. (Now waiting for TSG side on their confirmation)

But curious on how few of you able to do so?

Krv23490, you tried using TWS or Mobile that get you the confirmation screen?

I try using mobile (TSLA=US shares) and keep on getting pop up message on account not able to purchase fractional stock. Will try again using the TWS.

what stock is that?
then imagine there is a min. qty for BRK.A..

So far no issue for me.

Hey guys, anyone lodge a ticket before for missing dividends? How long does it take for them to reply and sort it?

Want to ask something about stock transfer. If I transfer out my shares to other broker, does all the cost gets transferred as well? Will I still be able to see an accurate portfolio for the unrealized profit/loss?

Hello Sifu,

May i ask if we must subscribe to real time market data in order to trade with Interactive brokers ?
Just now i placed a limit order for PEP $132.50, but why my executed price became $133 ?

Thank you.

Guys how do we get real market data time on the IBKR app on iphone?

Read somewhere abt PDT of 25k min for margin as well but is this only for leverage use right?

Damn that sucks.. I wanna daytrade but got less than 25k.. Guess I’ll get flagged if I switch to margin haizz. Any ways to avoid this? Seems like I can only just stick to cash account for now right.. I guess?

pdt rule doesn't apply to cash account... also you can't rollover the same cash fast enough > 3x within 5-day period

Hi all sifus...

I am new to IB.

I have opened an account & tried my first funding in a small amount about SGD 300. I set my currency base to HKD.

Now, I tried to do my first conversion from SGD to USD because I plan to invest in the NYSE stock. When I try the conversion, this is the message I get:-

THERE IS INSUFFICIENT CASH IN YOUR ACCOUNT TO OBTAIN THE DESIRED POSITION.

I've checked and confirmed the value I convert was just about SGD 200, which is less than my SGD300. Anyone can advise on this issue?

Thanks.

Strangely I tried again just now it was OK... I guess maybe because I changed the base currency yesterday to SGD from HKD & it needs 24 hours to activate...

Anyway, thank you for your advice all sifus:)

Wait so is there pdt for cash account ? Or does it not apply to IB?

For ibkr/tradestation cash account you can day trade as long as you have settled cash as many times as you want. There is no free riding problem with ibkr as you cannot trade with unsettled cash at all.

Day trading rules applies for margin accounts. If you make  4 or more day trades within 5 trading days for the first time, you can email the customer service and ask for leniency. This only applies for the first time. The limit is per brokerage.

Pdt rule dont apply for cash account la. There is that unsettled cash problem with other brokers but IBKR just locks the cash till it is settled.

I have day traded as many times as i wanted on IBKR (from tradestation) without getting flagged/email etc.

Hi Fellow Gurus,

I am an absolute newbie in IBKR

I am a StashAway Investor, and adding IBKR into my portfolio to directly purchase some ETFs
Just want to get my numbers right.

Currently, StashAway has a 0.8%p.a charge , with 0.2% ETF expense ratio p.a. and a one-time 0.1% currrency conversion.
https://www.stashaway.my/pricing

Let's use RM5000 Buy and Hold for 5years as an example,

StashAway

RM5000 x (0.8% + 0.2% + 0.1%) = RM50/per annum + RM5 conversion fee

5 years (RM55 1st year + (RM 50 x 4years) ) = RM255 in fees
IBKR + TSG

The flow : MYR Bank > Instarem > SGD in IBKR > USD in IBKR > Purchase ETF in IBKR

Instarem transfer : RM 5000 > SGD : Fees Roughly RM25
SGD.USD Pair in IBKR : Exchange Fees USD2 ~ RM8.50
Buy ETF Fees : USD 1.5 ~ RM6.5

Total Fees : RM40

5 Years (RM 40 1st Year + (RM0 x4 year) ) = RM 40

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

Above scenario has not considered withdrawals, but for simplicity sake, I would just take the same RM40 fees in IBKR example.

My other variable is :

Stashaway : Converts MYR to USD directly , den reverse when withdraw

IBKR : Convertys MYR to SGD + SGD to USD , den reverse when withdraw

Summary,

short of the conversion rate risks, IBKR is the clear winner in terms of fees. Or am i missing something ?
Feel free to copy paste the calculation and fix it accordingly.

I will still remain invested in StashAway, but also exploring other options.

Any input is welcome

Thanks guys 

after sold the stock, need to wait how many day to get the cash?