If you are depositing in EUR, you will still need to convert to USD in IBKR?

Curious if anyone did a comparison before on which funding method below is more cost effective (based on the final received USD amount). Assuming funding amount is like RM20k.

#1.
- Local bank -> Sunway Money (MYR -> MYR)
- Sunway Money -> CIMB SG (MYR -> SGD)
- CIMB SG -> IBKR (SGD -> SGD)
- IBKR internal exchange (SGD -> USD)

#2.
- Local bank -> Wise (MYR -> MYR)
- Wise -> IBKR (MYR -> USD)

Interested to find out as well.

Already done by someone and number 1 wins. That is why I continue using number 1.

Ibkr support really hopeless, tried online chat, forced to wait almost forever, resort to files a case, take 2 days to answer, only to know that it is irrelevant.
Anybody knows Ibkr normal practice, is there a limit to the usd1 Ibkr shares that we can get by depositing in this campaign below, clicking on the TnC bring me to Refer A friend which is irrelevant like what the support gave:

If you fund your account in the next 30 days, you will be eligible for our Welcome Shares program, where you earn USD 1 in IBKR shares for each USD 100 in assets you deposit during the 12 months following your initial deposit. Please refer to our Welcome Shares Terms and Conditions for full details.

This post has been edited by gedebe: Oct 31 2025, 07:27 PM

can u show me which url u got this? i only know of referral promotion



This post has been edited by Medufsaid: Oct 31 2025, 08:54 PM

gedebe no choice but to ask https://www.reddit.com/r/interactivebrokers/ or https://www.reddit.com/r/singaporefi/

i don't even know IBKR will not auto-close empty accts that never had deposits even after 1 year. if i knew i probably will wait for CIMB sg to be approved instead of immediately depositing USD via wise to stop their email reminders to fund acct

Do not take my word on this and do your own research... but Interactive Brokers (IBKR) is one of the best brokerage platforms I have used thus far...

I am very happy about IBKR. They are a big brokerage firm with plenty of liquidity for most of the U.S counters I have eyed for in swing trading...

This post has been edited by Hastebreak: Nov 1 2025, 11:06 PM

but their support is hopeless compare to Moo2 which is a new entrance

Anyone heard of the Karta Visa Infinite Credit Card offered by IBKR?
Features and benefits:
* Instant access to your cash anywhere in the world-with no foreign transaction fees
* Karta Points Redeem your points at your preferred Airlines or Hotels
* WhatsApp Concierge 24/7 multilingual support via WhatsApp
* Exclusive travel rewards - Book flights globally using your Karta points through their premium travel program
* 24/7 multilingual support via WhatsApp - Instant access to customer service in your preferred language, anytime you need assistance

This post has been edited by harmonics3: Nov 7 2025, 10:19 AM

MooMoo is popular for mainstream stocks... You will certainly be filled trading / investing in popular ones... But it's a small brokerage firm that cannot compare to the deep liquidity access and partners who are willing to fill your positions which Interactive Brokers have...

To me, I make money... I exit positions... I fund it back out into WISE, and into my bank... No qualms, no issues, whatsoever...

Again, it's just my very own perspective...

You need to talk to their customer service. Don't bother with email. Use something that have free VOIP.

why my submit button is being grey out but when i put lower value only it lit up, means that I can't convert all my sgd to usd?

err, mind to share which voip to use?

Meaning that Moo2 has more possibilities of failing to fulfill our trade?

Not really. I see some unknown stock is also available on moomoo. The not so famous stock.

Conversion got fees around USD2.00. Unless you are on margin, you cannot convert money that you don't have.

I used Skype last time. Toll free number, called their I think US/UK customer service and spoke to a real human. Thank god only once. After that never need to call customer service already. Very scary to call and speak to US/UK customer service Vs Malaysian banks. Don't know what kind of question they going to ask. But glad that they have an actual customer service that is human.

This post has been edited by Ramjade: Nov 7 2025, 07:23 PM

needs USD2 fee for manual conversion. to get FOC, use recurring investment method to buy US stocks, then conversion fee to USD will be waived

This post has been edited by Medufsaid: Nov 7 2025, 04:43 PM

Yes. They have a chance of failing to fill your trades...


Bro Ramjade, I am not going to argue with you...

I went to MooFest last week and spoke to some of their Head of Departments. I also spoke to one of their advisors too, who is a trader, and that fella said the same thing about liquidity issue...

MooMoo is sort of a small/mid-sized firm so liquidity access to various kinds of little-known counters remain somewhat limited...

Again, it's just what I went through... In fact, some of the stocks I recommended publicly in this forum here (which made money btw), you are not able to fill it via MooMoo...

Anyway, it's just my opinion... everybody else should research and validate on their own...

Nothing to argue cause I dont just hold those normal popular stocks. I hold some other not popular blue ship so I just check and found out that moomoo have the stock and can add into watchlist.

While for buy and hodl I wouldn't use moomoo either.

I use moonoo and tiger for real time data only. All my holding I use IBKR.

This post has been edited by Ramjade: Nov 7 2025, 11:25 PM