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Interactive Brokers (IBKR), IBKR users, welcome!
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Chanching P
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May 11 2020, 11:38 PM
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New Member
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Guys Im halfway thru registration on IBKR website but Im stuck at the ‘Signature’ section.. There’s no file dropbox or anything.. Its just keyboard oriented. I know this is dumb but how do I type out my signature lol using a keypad lol.
Any help? Pls..
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Chanching P
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May 12 2020, 08:29 PM
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New Member
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QUOTE(Krv23490 @ May 11 2020, 03:59 AM) Hahahaha, type back the name you see on the left bro Thx bro that worked haha. How abt the part where I have to declare my netwrth & salary. Im still a student so obvs I dont have like 40k USD above but it seems they only allow registration if around there.. Also, the last page, it says why is my networth higher than annual salary which i clearly dont, so how? Thx in advance !
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Chanching P
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Jun 11 2020, 04:53 AM
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New Member
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yo guys I have Cimb sg. So how exactly do I deposit into IBKR? Do I transfer directly from CIMB Sg to IB OR do I use Instarem? Also For 'sending institution part' on IB , what should I put? Thanks in advance lads !
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Chanching P
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Jun 26 2020, 10:14 AM
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New Member
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Hi I keep getting this pop up saying I dont have "trading permisson" when trying to convert SGD to USD on TWS . Any help anyone?
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Chanching P
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Jun 29 2020, 02:24 PM
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New Member
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Yo guys. I already converted SGD to USD this morning which was fast. Roughly around 1200 Usd now. I ‘ordered’ & ‘ bought’ a few stocks like MGM & Fb but it’s still showing dark blue indication.. and I picked market order type. Been a few hours dy.
Any reason why its not processing?
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Chanching P
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Jun 29 2020, 03:35 PM
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New Member
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QUOTE(staind @ Jun 28 2020, 06:35 PM) You bought when market still close is it? I placed order around 11 am today.
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Chanching P
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Jun 29 2020, 03:40 PM
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New Member
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QUOTE(staind @ Jun 28 2020, 06:35 PM) You bought when market still close is it? Oh wait i stupid sry haha.
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Chanching P
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Jul 11 2020, 11:40 PM
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New Member
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Guys when investing in US stocks like TSLA or even other countries, do we have to pay tax. If so how & when? Like how do we go abt it?
Thx in adv!
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Chanching P
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Jul 13 2020, 04:52 PM
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New Member
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Hi Guys seems like my ques got buried so I’ll post again la haha. Im 21 still studying, I know nothing bout tax. But got some funds and already invested and traded stocks.
Wanna know, When investing in US stocks like TSLA or even other countries like China etc Alibaba, do we have to pay tax. If so how & when? Like how do we go abt it? How does it work in Msia?
Some sifu here can breakdown pls🙏🏻
Thx in advance guyss!
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Chanching P
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Jul 13 2020, 11:20 PM
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New Member
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QUOTE(singkalan @ Jul 12 2020, 10:51 PM) Thanks for the reference Singkalan🙏🏻 Wait so to clarify, no tax on capital gains at all or am I reading it wrong?
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Chanching P
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Jul 14 2020, 07:40 PM
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New Member
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Guys how do we go about withdrawing funds from IB to CIMB? Do I need to convert back USD to SGD then transfer to CIMB Sg?
Or do I just withdraw straight in USD without currency exchange to CIMB SG?
Also, can withdraw directly into CIMB MY? How do I go abt this , someone help😅
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Chanching P
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Jul 14 2020, 08:50 PM
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New Member
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QUOTE(normanTE @ Jul 14 2020, 12:35 AM) for me it is one way ticket out of malaysia, never did come back to malaysia. consider open hsbc usd account in united state, or hk usd integrated account which can deposit and withdrawal usd note. next nearest to malaysia is standard chartered bank singapore priority banking services come with usd account ( you can apply usd debit card but there is a fees per usage eg 2usd per swipe) honestly i prefer usd account in united state not in hongkong or singapore. that way you can use your usd just like any currency shopping with amazon ebay or even cruises they all accepts usd credit card which can deduct from you us banks account. this day it is normal to store usd then other currency after all it will be the last to collapse. I store mostly usd and chinese rmb. Because my invested instrument pay me those currency Wow ya thats interesting. I definitely wanna open US acc,moving forward. Can I do it online, similary to CIMB Sg or do I gotta be at physically there in US? But For now thi, I want some funds from stock gain withdrawd into my CIMB malaysian account to pay for my uni fees etc..Any help as to how it can be withdrawn?
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Chanching P
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Jul 20 2020, 02:04 AM
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New Member
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Hey guys so for every buy and sell of shares I see 1.5 commission fees..What does that exactly mean? Like 1.5 usd charge per share bought?
Or like per trade? So lets say if I buy 100 shares of a stock, will I be charged only 1.5 usd for the entire order OR 1.5 per share?
Can someone help me clarify this haha?
Btw another post mentioned regarding subscription to market data, how do we know if we’re subscribed or not and if were charged monthly?
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Chanching P
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Jul 22 2020, 10:50 PM
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New Member
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Guys how do we get real market data time on the IBKR app on iphone?
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Chanching P
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Jul 23 2020, 11:49 PM
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New Member
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Guys, I have been Swing/ day trading for few weeks now. And the cash not settled w 2-3 days wait is making me lose of on good profits 😖
Do you guys recommend margin acc? The thought of ‘borrowing leverage’ is scary to me cuz Im not familiar w it..
Anyone here as a trader mind sharing your experience on margin? Like whats the pros & cons you encountered?
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Chanching P
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Jul 24 2020, 04:32 PM
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New Member
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QUOTE(zenquix @ Jul 23 2020, 07:03 PM) just change to a margin account.All unsettled cash is considered part of your funds and you can trade without it being in your account yet. interest rates are low, and if you use it as per your cash account (i.e. don't borrow) you will be fine Ah I see, thanks for the reply! The requirement is $2k min for margin right? Read somewhere abt PDT of 25k min for margin as well but is this only for leverage use right?
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Chanching P
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Jul 27 2020, 02:44 AM
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New Member
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QUOTE(Yggdrasil @ Jul 23 2020, 11:28 PM) This is for day trading requirement. You need minimum $25k or else, your account will be flagged if you day trade frequently. 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?
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Chanching P
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Jul 30 2020, 03:36 AM
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New Member
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QUOTE(dwRK @ Jul 28 2020, 04:20 AM) I was thinking all in...with t+2 won't roll fast enough... I guess I was wrong you got me there... lol your example mean left only $1003 for next 3 days I read many places cash account no pdt rules... Wait so is there pdt for cash account ? Or does it not apply to IB?
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Chanching P
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Aug 18 2020, 02:47 PM
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New Member
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Hi yall. Question, should I have more than one brokerage account? Currently using IBKR, should I make a TD or other brokerage for ‘backup’ just in case?
If so, what other brokerage yall recommend? Or can I just create 2 accs for IB other same name? Opinions😅
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Chanching P
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Aug 18 2020, 04:05 PM
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New Member
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Guys, help
For withdrawal, I cant seem to withdraw / connect IBKR to cimb sg bank.. It keeps saying ‘ you must supply bank information’
When I click the search button under Receiving Bank, 3 Cimb banks pop up.. Which do I choose?
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