Interactive Brokers (IBKR), IBKR users, welcome!
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 Nov 18 2021, 11:51 PM
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#1
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Junior Member
128 posts Joined: Jan 2007  
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Hello,
Just managed to open an account, not really familiar how to operate with the interface and thinking to put some money into some ireland domiciled etf to test water. Wondering is there any minimum amount recommend to convert SGD to USD, and minimum amount to buy a ETF to make it worth? I know Currency Conversion fees minimum is 2USD but not too familiar for the fees when buying. Thanks! |
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Nov 19 2021, 08:11 PM
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#2
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Junior Member
128 posts Joined: Jan 2007
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QUOTE(tadashi987 @ Nov 19 2021, 07:44 AM) QUOTE(Ramjade @ Nov 19 2021, 08:07 AM) Use tiered It's USD0.35/transaction. Thanks for the reply!You can manually count yourself. USD2.00+USD0.35= USD2.35. So if you do USD2.35/USD100 = 2.35% USD 2.35/USD1000 = 0.235% USD2.35/USD5000 = 0.047% The above is for us etf. If Ireland, it's minimal GBP1.00 https://www.interactivebrokers.com/en/index...=1590&p=stocks2  I am still a bit confused on this actually. For example if I buy CSPX which is USD Share Class Currency, do I get charged for "USD-DENOMINATED PRODUCTS" under Europe, or I will get charged under "United Kingdom - Tiered" which is minimum 1GBP instead? And each order can only purchase 1 ETF right, for example if I want to buy IUHC and CSPX at the same time, it will be counted as two separate order correct? Thanks again. |
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Nov 23 2021, 01:09 PM
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#3
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Junior Member
128 posts Joined: Jan 2007
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Just open an IBKR account and transferred about 2k SGD into it, trying to convert it to USD and I got this error.
"YOUR ORDER IS NOT ACCEPTED. MINIMUM OF 2000 USD (OR EQUIVALENT IN OTHER CURRENCIES) IS REQUIRED IN ORDER TO PURCHASE ON MARGIN, SELL SHORT, TRADE CURRENCY OR FUTURE." Wondering is that because of my Base Currency is SGD or I need to have minimum of 2k USD in order to trade? Thanks for your help. |
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Nov 23 2021, 11:49 PM
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#4
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Junior Member
128 posts Joined: Jan 2007
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QUOTE(LostAndFound @ Nov 23 2021, 02:44 PM) Perhaps your transfer not reflected yet? The message states you're trying to buy on margin, which means you don't have enough currency to fulfill that order. Alternatively... are you buying USD or trying to sell USD when you have no USD? QUOTE(Ramjade @ Nov 23 2021, 03:31 PM) You need to wait for your currency to clear. Did you see the money available already under cash section? I tried with lower amount to be converted and now it is successful.Second it seems your sgd2k is not enough hence the earning appear. You need to manually add in commission. So always leave few dollars behind for them to minus commission. I pretty sure I leave few SGD for the commission but maybe the SGD not able to cover the 2USD at that time. Thanks for the help again. |
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Sep 22 2023, 12:49 AM
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#5
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Junior Member
128 posts Joined: Jan 2007
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QUOTE(melondance @ Sep 17 2023, 10:57 PM) Oh wow. I tested recurring investment for USD 20 trade for LSE ETF (IUAG). The commission is only USD 0.18. Anyone managed to create recurring investment for CSPX? I tried it just now but it shows "You cannot create a recurring investment for CSPX at LSEETF.".That's almost like free... |
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Sep 22 2023, 09:33 PM
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#6
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Junior Member
128 posts Joined: Jan 2007
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QUOTE(Medufsaid @ Sep 22 2023, 11:45 AM) TaiGoh i can't find CSPX in fractional shares list. only fractional shares can be used for recurring investment https://www.interactivebrokers.com/en/index.php?f=45718. Ah, Thanks for the info! Meaning still need to pay USD1.90 to buy CSPX then. the list is not directly accessible, u need to click on the link in Step 1, then click on link in Step 2
 This post has been edited by TaiGoh: Sep 22 2023, 09:54 PM |
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Aug 4 2024, 11:39 PM
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#7
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Junior Member
128 posts Joined: Jan 2007
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QUOTE(Medufsaid @ Jul 28 2024, 02:37 PM) recurring allows you to save on $2 conversion fees. and also clearing + exchange fees. $0.21 Recurring Investment cannot execute recurring investment immediately right? I tried it seems the earliest will be next day.My jantung canot especially I don't know what time they execute the order.  |
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Nov 25 2024, 04:45 PM
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#8
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Junior Member
128 posts Joined: Jan 2007
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Would like to confirm divided is not counted as part of unrealised profit correct?
Bought BIL last month then noticed that I am in loss position. |
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