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 Interactive Brokers (IBKR), IBKR users, welcome!

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EddieBrock
post Mar 29 2020, 09:48 AM

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Joined: Jul 2018
QUOTE(Investor12 @ Mar 26 2020, 10:06 PM)
Just to share my experience.

I submit my application to IB on Monday and got the approval on Friday.

I use both Transferwise and instarem to transfer HKD direct to IB, transfer wise slightly more expensive by few RM but reached IB account faster by hours. both transfer executed in the afternoon and reached IB next day evening.

commission
1. E-Micro DJI future - US$1.9 round-trip which is quite cheap ( vs $12 Malaysia broker)
2. Option - $0.75/trade
3. share - $0.005 per share and minimum is $1.00

Margin
1. E-Micro DJI - US$ 2,600 ( which is very high)
2. Option - 100% equivalent to your position
3. share - about 3X the position

hope the above help and happy trading everyone
*
You transferred funds into IB without using singapore account?

Most members here seem to advocate opening cimb sg account first


EddieBrock
post Mar 30 2020, 09:43 AM

Getting Started
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Junior Member
98 posts

Joined: Jul 2018
Is it possible to withdraw funds from IB to a bank account in Malaysia without SG account?
EddieBrock
post Mar 30 2020, 10:20 AM

Getting Started
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Junior Member
98 posts

Joined: Jul 2018
QUOTE(Ramjade @ Mar 30 2020, 09:46 AM)
Yes you pay more. Much more.
Not to mention if moat Malaysian banks block transferring money to interactive broker, you need to ask them if they accept incoming money from interactive brokers.
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What about using instarem to transfer money from IB to my local bank account?
EddieBrock
post Apr 1 2020, 07:19 AM

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Junior Member
98 posts

Joined: Jul 2018
QUOTE(erizdagreat @ Apr 1 2020, 01:55 AM)
Yes. Done via M2U

Transfer Maybank to IBKR US:
    TT Fee                RM10.00
    Other charges      USD23.00

Transfer IBKR US to Maybank:
    Other charges      USD22.00
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Exchange rate ok?

Why did some forum users claim Maybank block wire transfer to IB
EddieBrock
post Apr 1 2020, 07:44 AM

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Junior Member
98 posts

Joined: Jul 2018
How long does it take for the funds to reflect in your IB account?
EddieBrock
post Apr 1 2020, 10:45 AM

Getting Started
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Junior Member
98 posts

Joined: Jul 2018
What about through CIMB cross border trading? Any experience? What’s the exchange rate like?
EddieBrock
post May 15 2020, 07:25 PM

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Junior Member
98 posts

Joined: Jul 2018
Guys, I don’t trade often

Which account I should open? Tradeglobal first or IB first?

I can open IB and change to trade global later right?
EddieBrock
post May 15 2020, 07:39 PM

Getting Started
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Junior Member
98 posts

Joined: Jul 2018
QUOTE(Ramjade @ May 15 2020, 07:34 PM)
Go with tradestation global.
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What if one day I decided to actively trade?

Any ways to change to Ib?
EddieBrock
post May 16 2020, 10:38 AM

Getting Started
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Junior Member
98 posts

Joined: Jul 2018
Anybody tried shorting shares with TradeStation Global or IB?

 

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