1. not to receive but to fund too, thou ones here tested can straight fund IBKR SG with Instarem SGD, but who know this might be closed in the future, it is good to have SG Bank account also so to park your SGD for other investment opportunity through FSM SG etc.

2. Correct. There are other whitelabel for IBKR, but most of us go for TSG. Yes you can login to IBKR using ur TSG acocunt, it is IBKR account anyway, just that the pricing is following your introducing broker which is TSG. No live quote unless you subscribe to it. Check the live price through elsewhere e.g. investing.com or cnbc.

3. IBKR doesn't accept funding through MYR. You can do:

(A) Bigpay/Instarem/Transferwise (just whichever rate is best when you transfer) SGD to IBKR SG Citibank, you will ge the funding instruction and IBKR SG citibank account info when you initiate funding in IBKR client portal.

(B) Or you can do the former way, just that with one more layer, which is BigPay (etc.) to SG bank, then SG bank to IBKR. I do this since safer and more secured in personal opinion.

There is no straight funding through Bigpay MYR to IBKR. And, funding through SG bank to IBKR doesn't involve any fee.

Both TSG and IBKR also need to purchase live data. Ibkr is kinda like a low cost broker, dirt cheap commisions and margin but everything else is alacarte.

If you're unsure which to get, check what stock you going to buy. If it's just ETF like SPY can subscribe to ARCA data 1.50/month or if you want everything its 4.50/month +options(OPRA) 1.5/month

As long as you register using TSG website and redirected to IBKR, it should be fine. Just follow the instructions.
TSG is setting up their own support/message center I guess.
This means if you're under TSG you deal directly with TSG for account related stuff.
I'm guessing it's because IBKR is too busy to deal with too many messages.

"Thank you for your interest in TradeStation!



you can email me any questions you may have.



If you would like to start the account opening process and have not created log ins at InteractiveBrokers yet you can initiate this here:

https://www.tradestation-international.com/...NZTq=5010"

but i putted 5 sgd in.

maybe can only wait

basically u sign up through TSG.. from here, it will re-direct u to sign up at IBKR (which is the part where u'll need to provide the most of ur details and information).. once done, u will be require to submit ur ID and documentation.. after approval, the final step will require u to fund the account in order to unlock the trading restriction

kindly note that all these while u're only dealing with IBKR, not TSG.. as long as u start ur sign up at TSG in the first place and follow their link to IBKR, u should be fine (and classified as a referral from TSG to IBKR)

u will only receive TSG's login credential (username and password) through email after everything at IBKR side is completed.. by then u can decide whether to use TSG or IBKR platform for ur investment.. different rate and commission though

yes ID to be uploaded on the site itself..

there should be an option to upload on the 'Final Steps to a Completed Application' page?

myself does not use TSG.. only sign up through them.. after that, everything on IBKR

couldnt quite remember exactly which page.. but i remember well it was uploaded through the site itself.. probably u can navigate around a page or two prior to check?

noticed u had verify ur mobile number..

how about ur proof of address? it should be on the same page.. if i recall correctly the upload of ID should be on the same page as well.. did u try to scroll down?

in any case, try not to cancel the application.. try to instead get support from TSG regarding ur issues.. email, phone call, etc

Hi I just opened an IBKR account, and made my first SGD funds transfer through Transferwise. I just thought of something. How does Interactive Brokers know that the funds received from Transferwise is for my IBKR account?

When using Transferwise, I only needed to key in IBKR account number and bank name as transfer details. It didn't ask me to key in the any identifying number that would route the funds to my IBKR account ie. payment reference etc.

Any thoughts?

if u had received email from TSG requesting u to fund the acc, its a good indication that ur IBKR acc has already been set-up.. try to login to ur IBKR acc using the username and password u'd created.. if u're able to login, then its quite obvious the acc has been created.. u just need to fund it and u're ready to go (but please make sure first the IBKR acc has been created and u're able to login)..

as im typing, i suddenly recall the submission of ID might be required after ur login to IBKR.. not before as we'd previously mentioned.. i hope i didnt recall wrongly.. and hope that helps

ur ID should have been requested by TSG during account opening process, for my case there is no ID being asked no more once account is created, able to login to IBKR and ready to fund.

yes can fund it with SG CIMB
sending institution can put: CIMB Bank Berhad Singapore
account number is to put in your CIMB SG acc number, correct.
account nickname up to you to change, it is just for your own reference.

remember to put your TSG/IBKR account number at "reference" / "message" when you creating FAST transfer to IBKR SG at CIMB SG portal

congrats on getting the ibkr account done.. since they didnt ask for the ID, then so be it.. not as if u purposely submitted a false personal info beforehand i assume?

and yes, feel free to fund ur ibkr account now that it'd been set-up.. sending institution is cimb sg (please input full official bank name) if u're funding it through there.. account number is ur cimb sg account number.. nickname i put my full name (as per both bank and ibkr account)

i was going to say this, but u replied before me.
if you are not in a rush to use the account, try make a small deposit and withdrawal first.

happened to me with other broker that no issue with deposit n trading for abt a year, when it comes to first withdrawal request, back and forth for a while, but eventually got the funds la.

this was what i see after submitting the application. no button to upload docs but just the email section....see screen shot below

actually i've tried to tag u regarding this and not sure u've received it..

but feel free to check back to post #2015.. there's actually an option to navigate for ID submission.. at the aforementioned page, click on 'Email, Fax, or Mail' and then 'Fax/Mail Sending Instructions'

highly advisable for u to submit though.. like our experience bro and sis here mentioned, u dont want to run into hiccup when u eventually decided to withdraw

Withdraw for what? TSG charges you money if your account falls below <$1,000

IIRC, you need to look at the NLV. As long as it's above $1,000 then ok.

Not sure how they calculate.
Most likely it's prorated. Meaning your average balance for that month must be above that amount.
They charge <RM10 only. No biggie if you plan to test out.

TSG is the one who charges around $2 if your balance falls below $1000. Not sure about IBKR. Your friend subscribe to data?

Yep it would be delayed data, iirc 15 minutes. I plan to trade options so maybe I'll just subscribe to OPRA data 1.5/month. Stock live data I use tradingview since I do charting there anyways. If you want to save money suggest you do the same as it won't be much diff unless you're day trading alot then just go for their data.

Depends on your trading style.. For me OPRA is enough (Live stream of bid/ask/bid&ask size/volume), $1.5/month

If you need depth of book then go for L2 option feeds but they can get rather expensive if you're subscribing to all the exchanges. I'm not a daytrader so I don't find it useful.
They basically give the same data for OPRA, but for different prices. Let's say current bid/ask for option A is 1.00/1.01. OPRA gives you data for those prices but L2 feeds give you additional data for 0.99,0.98,0.97..... and 1.02,1.03,1.04...

You can find free live stock data easily from other sources online but option prices, just go for the subscription. PM me if you need help with which data package to sub as IBKR makes it really confusing for common investor

yes u're right.. only set up in ibkr.. u'll need to provide the TW bank details into it

even deposit and withdrawal are also initiated in ibkr.. just maintain sufficient USD balance in ur TW account to do ur transactions.. eg. initiate a deposit in ibkr, it'll auto deduct from ur TW account.. obviously initiating a withdrawal in ibkr will transfer the fund to ur TW account

How long before the amount from shares sold get reflected in my buying power?

Sold some on Friday, can be seen in settled cash but so far there's still discrepancy in buying power.