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 Interactive Brokers (IBKR), IBKR users, welcome!

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AthrunIJ
post Feb 19 2022, 09:36 AM

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Hmm, not sure if the 1st post is update.

Just asking if it is still better to open an ibkr account through tradestation or can just open with any ibkr account?

Thanks for replies.
AthrunIJ
post Feb 19 2022, 10:15 AM

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QUOTE(Hoshiyuu @ Feb 19 2022, 09:48 AM)
You should open IBKR directly now, as IBKR offers the most and best features, even if you apply through TSG you will quickly find yourself wanting to go through the delinking process.
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Halo, noted. Thanks for the info.

Last question, country specific ibkr is just basically following the host country law right. It doesn't matter if I open a sg ibkr or UK ibkr as I have read online so far?
AthrunIJ
post Feb 19 2022, 10:44 AM

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QUOTE(kucingfight @ Feb 19 2022, 10:39 AM)
hey man, juz watch as below. everything u need to know and question answered


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Err, black box fixed. I think. thanks by the way

This post has been edited by AthrunIJ: Feb 19 2022, 10:45 AM
AthrunIJ
post Feb 19 2022, 12:32 PM

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QUOTE(dwRK @ Feb 19 2022, 11:45 AM)
country specific ibkr is for its residents... other countries' ppl cannot open, will automatically go under inkr usa... unless you open tsg and delink will continue follow ibkr uk...

for estate tax purposes UK > USA
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Yes, I also just found out. Thanks for confirmation
AthrunIJ
post Feb 19 2022, 12:33 PM

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Anybody has use Maybank Singapore account to fund ibkr?
AthrunIJ
post Feb 19 2022, 01:32 PM

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QUOTE(Hoshiyuu @ Feb 19 2022, 01:22 PM)
I don't see why it would be in anyway different compared to CIMB SG
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Just worry got some internal rules or something.

Hopefully all goes smoothly. Opening Maybank Singapore acc soon then ibkr
AthrunIJ
post Feb 19 2022, 02:53 PM

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QUOTE(Ramjade @ Feb 19 2022, 02:33 PM)
CIMB sg is better cause the rate to transfer back is cheaper than Maybank sg. It's on par with money changer rates.

But any sg bank is ebtter than no sg bank account.
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I prefer to have one bank account for now. Don't like too many banks.
As I am using Maybank Malaysia.

I will be using wise to transfer actually based on the forums here.

Got save some Abit here and there for small fries like me. Haha

Thanks for the heads up

Cimb so far like got cyber security issues and their processes crop up. Doesn't give me the confidence unless I am a PR 😆

This post has been edited by AthrunIJ: Feb 19 2022, 02:55 PM
AthrunIJ
post Feb 20 2022, 10:57 AM

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QUOTE(Ramjade @ Feb 19 2022, 11:32 PM)
Maybank sg need to look up sgd500 or 1k.
Cimb sg I only keep sgd0.10 inside. tongue.gif
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It's fine for me.
Hehe
AthrunIJ
post Feb 22 2022, 01:22 PM

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QUOTE(TOS @ Feb 22 2022, 01:15 PM)
user posted image

user posted image
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Isn't there a scanner to convert to PDF format?

Can it work on newspaper? 👀
AthrunIJ
post Feb 22 2022, 01:41 PM

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QUOTE(TOS @ Feb 22 2022, 01:38 PM)
Thanks for the suggestion. Let me check tomorrow and see if got charges or not. tongue.gif

If free of charge, then I can send a "nicer copy" haha
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Haha, just a suggestion.

Hopefully got changes for the people who read your post. 👀
AthrunIJ
post Feb 23 2022, 03:05 PM

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QUOTE(TOS @ Feb 23 2022, 01:49 PM)
Finally! The scanned newspaper copies are ready.

From Financial Times on US, Europe news.

Refer to HKEX thread for HK, Chinese finance news and SGX counters thread for BT news (including S-REITs)

Note: scanned file is in PDF format, size about 40 MB for the largest file, thus I upload it on PDF Host, Lowyat can't handle large files of 40 MB...

https://pdfhost.io/v/F98KBTw9u_FT_US_Europe_News_23Feb22
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Oo, nice. It works.
AthrunIJ
post Feb 23 2022, 03:11 PM

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QUOTE(TOS @ Feb 23 2022, 03:10 PM)
Haha yea, free of charge too. But the newspaper size is much larger than typical scanners like the one in my uni library... So I am forced to restrict it to A3 and print multiple copies of the same page (with different parts of the page scanned) in order to cover one whole page of the paper.
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Well, kudos to you too for the extra work needed.

👍👏
AthrunIJ
post Feb 25 2022, 12:58 PM

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Fingers crossed. Hopefully, account will be approved without any issue.

Just wondering regarding 1 step. After account is approved, must put in funds straight away or can wait until like 1 month time?
AthrunIJ
post Feb 25 2022, 01:01 PM

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QUOTE(TOS @ Feb 25 2022, 12:59 PM)
Can wait as long as you like, since there is no minimum balance requirement now.

But some features will not be available unless you deposit enough money to start trading.
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Ai, thanks for the confirmation.

Yep, won't be trading international stocks soon as need to save up the funds first and some time for the approval of the Singapore bank account.

Rm6k is the target for Singapore REITs


AthrunIJ
post Feb 27 2022, 08:10 PM

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QUOTE(TOS @ Feb 26 2022, 09:44 PM)
You guys don't like to read the magazines and newspapers I posted? I can stop uploading them if that is the case.

Now I am doing my undergrad, BSc in Physics, but my interest these days are in Finance, and I am please to find out that there are research works combining both Physics and Finance/Economics, a field called "physical economics"

Pretty interesting stuff and that is my future research topic for my postgrad study (hopefully in Singapore, BTW gonna go SG this summer for a 3-month research exchange program at SUTD).

The free time is due to the nature of the coursework for me this semester, as it's mostly writing reports, I can prepare them earlier. I only have one mid-term and final exam to take, so the workload is a bit lighter for the study part, though pretty heavy on writing assignments. I need some rest and "standing" time, so standing while scanning newspapers and magazines just to kill time and rest in a quiet library.
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Heiyo, fellow physics undergrad. Though I already graduated 5 years ago.

All Ze best yo from a fellow physics undergrad.

Interesting, didn't know about physical finance. Probably can further into master for that 👀😆
AthrunIJ
post Feb 28 2022, 04:07 PM

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Anybody did some calculation on how much to buy in one shot to minimize the fees incured?
AthrunIJ
post Feb 28 2022, 05:12 PM

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QUOTE(TOS @ Feb 28 2022, 05:02 PM)
yo physicist. I am pretty sure a Physics student can solve this. tongue.gif

The calculation depends on the share price though, but since the share price fluctuates, it's nearly impossible to compute. Most people would trade less than 300k shares a month.

So, if given this simplification, then you only have one condition to deal with. 0.35 USD minimum, 0.0035 USD per share thereafter, an upper bound of 1% trade value.

For a single purchase, in graph, it would look something like this:

user posted image

Maybe you can recall your "Monte-Carlo method" to simulate fluctuating share prices with a given purchase value and an initial stock price, then run through your simulation to find the condition of purchase which incur the minimum fee. (Sounds like an optimization problem.)
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Haven't touch physics nor maths related problem for a long time. 😛

Just want to see if we come to a similar conclusion. That is all 😆

Welp, I am right. I won't even be able to touch the lower bound of it. O well, probably bi annually or annual top up.

Thanks for the numbers.

This post has been edited by AthrunIJ: Feb 28 2022, 05:15 PM
AthrunIJ
post Mar 3 2022, 07:47 PM

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Ibkr is just teasing me now for 2 weeks with email stating we have lots of account to check and ibkr prioritize funded account 😂

Unless approved I am not so sure to fund it yet 👀

Wonder how long does it take to get approved though
AthrunIJ
post Mar 3 2022, 09:08 PM

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QUOTE(Hoshiyuu @ Mar 3 2022, 09:04 PM)
Haha, why are you holding out? You are going to invest through this platform, and will be trusting them with your money long term, funding now and funding next week makes no meaningful difference if you lack trust now.

With their current status, god knows how long an unfunded account will need to be approved, better just fund it IMO.
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Still waiting for ma Maybank SG bank Acc approval also. tongue.gif

I will once everything is in its place, hopefully soon drool.gif
AthrunIJ
post Mar 4 2022, 07:16 PM

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QUOTE(Davidtcf @ Mar 4 2022, 07:01 PM)
Welcome to the IBKR club 👍👏

I like to see lots of greens in the US market. Easy to the moon. This year abit special due to interest rate hike and Ukraine war. But if u come in now really right time lar.. All US stocks and ETFs at a nice discount!
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At it stands, it might take a few more weeks to be able to purchase us stocks.

Well, hopefully. All the process will go smoothly

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