edit the columns...add p&l% to it
it's explained by ibkr...

if you have big orders it may try to chop it up and execute at different exchanges...this will attract different fees

example when I select Amsterdam exchange I get a fixed fee, when I select Smart/Algo I get a range of fees...the upper limit can be 3x as much as the fixed fee

that will be 2 orders at their respective lse & xetra fees... bear in mind that the algo tries to find the lowest price, highest liquidity, etc., to fulfill your conditions... so might still ends up in your favor

personally I don't use smart/adaptive...

IBKR u just key in Tencent.. will find it.

TENCENT HOLDINGS LTD
Underlying
  
700
Currency
  HKD
Exchange
  SEHK
Symbol
  700

hsbc... search for "5"

Hello all,

I saw weakening of USD giving us some advantages to exchange now.

Any sifu here, any idea how to take this opportunity to do maximum gain?

My situation is I'm having SGD now at IBKR Acc. Any idea how to trade max to get USD. I'm not in hurry to get USD..

Does forex trding got future contract selling option?

Hello All Sifu,

Any member here trade Option.

I got a question in IBKR system,
I use Iron Condor to capture my profit & it is going to expiry next week.

Usually, Do you close/sell the Iron Condor before expiry date even is OTM status?
What's the difference between Sell Vs Close, IBKR need another round of commission charges?

As stated in IBRK, FOP last trading 28Jan, underlying FUT 26Feb.

I dont understand this statement, I meant, 28Jan is the last amendment/close of contract? Whats underlying meaning here?

Regards,
RubyDiamond, Beginner to Option.

Hello, Sifu

Need some advice on the margin requirement@IBKR.

As I saw, if I send money to IBKR(in SGD) I dont convert to USD.
Rephase: Means, I keep my cash in SGD, but trade with the (visual) amount in USD, (the column in Total in USD)

I compare against buying power & the Inital margin also not much changes(Total in USD).

Hence, Why we want to convert ? Keep SGD also good mah, can save X-rate commision fees ...

please advice if  IBKR occurs hidden charges, if I trade with SGD?

Two quick Q here.

1. May I know how can we exchange SGD in IB into USD please?

2. For those open account via TSG, do you use IB app or TSG app for trading and why?

Thanks!

Hi guys, having gone thru this thread, the most popular way to transfer funds to IBKR seems to be:

instarem(MYR) -> SG CIMB FastSaver(SGD) -> IBKR (SGD) -> IBKR (convert USD/HKD)

A couple of questions:

a) must it only be SG CIMB Fastsaver? Would SG M2U account work in this case?

b) What if I already have my funds in USD account in MY, what you reckon wld be the best way to transfer it into IBKR US? At first I though of doing MY bank (USD Acc)>TransferWise>IBKR (I have encountered problems in the past when trying to transfer direct from MY bank to IBKR). Then I thought this would not save me any money coz the cost to transfer to TransferWise would be the same if I transfer directly into IBKR.

Do u know if they accept TransferWise in any other currency if not USD? Because their FAQ states;

"While it is possible to deposit funds from this money transmitter, the transfer would need to meet the following conditions:

    The funds would need to originate from an account titled the same as the IBKR account;
    The deposit payment details would need to include your account ID and title.

Based upon prior experience, Transferwise generally does not include the required information in the payment details and, if this is the case, the funds will be returned as unidentified."

So far only instsrem via EUR works. Others not tested.

Thank u for the info.

I am now thinking of how to utilize fintech to transfer my USD from Malaysian bank to IBKR to minimise transfer fee and fx rates. Going the instarem route seems to be counter productive . I have to do USD to MYR at bank (since Instarem ony can deposit in MYR) -> MYR to EUR at Instarem -> EUR to USD at IBKR.

Invaluable info. Thank you very much. This does save me a lot of trouble.

Yes, I do have the TWise Borderless acc. Perhaps better to direct transfer USD from MY bank to USD TWise in my case, since my funds already in USD.

USD MY -> USD Twise, then convert to EUR > IBKR, then convert EUR back to USD.

Sigh, sounds so mahfan.

Hey all, i just opened my account today via Tradestation Global. However, it leads me to the IB website? How do i know whether my account is used for Tradestation Global and not the actual IB because i want to avoid the monthly fees.

Got through with Bank Islam. It might boil down to your declaration, I don't trade forex and only shares .

I needed to cover margin call in a short time period, sent around 2 pm(Malaysian time), funded by 8pm(malaysian time), before US markets opened.

I would have looked for other options if time is was not the essence.
IB charged me around US$20 for a transfer(probably citibank USA for the wire) and rates were not as competitive as CIMB MY>CIMB Singapore>IB transfer method.

I have been using Maybank for my USD trades. True that the brokerage is a bit high. Recently i found out that i can use Transferwise to transfer USD to their local USD account to cut a bit on the foreign exchange conversion.

IMHO the fact is the brokerage fees is really negligible if you take into account the price movements of the stock from one minute to the next... but then every cent saved is still money right..

It's min of USD25 or 0.4%. So you have to trade at least usd6250 for 0.4% otherwise the effective rate is higher

Malaysian stocks cannot

So to confirm can transfer SGD directly to IB (SGD) using instrarem without a need to open a SG acc?

nope. funds must be available before trading

margin account means you have 2x buying power...say you have $5k cash...you can buy up to $10k of stocks... ib will create a $5k loan for you

if your stocks drop in value...your account value drops and so does your buying power...your $5k loan is now too "high" and ib will auto liquidate some of you stocks

iirc... if your margin account drops below $1k or something ...it automatically change to cash account