wondering will SG banks question for 3rd party when u perform the step instarem/bigpay/transferwise -> SG bank?

and may i know the reason why u dont just instarem/bigpay/transferwise (in SGD) -> SG IBKR?

the cost of the stock will definitely remain the same..

eg. if u buy SBUX (Starbucks) @ 74.00 through broker A.. u can't expect the cost of ur purchase to become 70.00 when u transfer it out to broker B right?

as for the layout of portfolio, it really depend on the broker that u planned to transfer to.. u may have to check with them in this case to be sure whether they are able to capture ur cost and display it in their platform

to be safe, record ur own transactions

i see..

another quick one.. does that mean its fine to TT from m'sian bank (acc under my own name) in MYR.. exchange into USD.. direct to IBKR in USD? IBKR acc under my own name as well.. since there's no 3rd party involvement here..

and i do understand this step have to go through the crappy exchange rate and high bank charges

ok noted.. thanks for the clarification boss

does this concept apply to direct withdrawal from ibkr (in USD) to m'sian banks (in MYR after conversion using bank's rate)?

assuming the account holder for both ibkr and the bank is the same person/name

i meant withdrawal of usd from ibkr to a normal account (denominated in myr) in malaysia

i missed out on another enquiry..

can we withdraw in usd from ibkr into our transferwise usd account?

(not necessary apply to usd only, can also be other currency.. eg. withdraw sgd ibkr to transferwise sgd account)

yes got it.. just that never try to withdraw directly from ibkr to transferwise.. worry will run into problem as transferwise beneficiary account is obviously not under my own name.. so would like to clarify if anyone engage successfully in this method

for withdrawal option no.3, what u meant by expensive is the bank's exchange rate right? since ibkr doesnt charge any withdrawal fee for once a month

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

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

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)

yea agree with sorting the ID for withdrawal purposes..

thats why there's mentioned unless the user purposely went on to submit a false one, then thats really out of our hands here..

generally, as genuine as one can be, if ur bank details match the one provided to ibkr, shouldnt be a problem

with regards to funding.. no, not necessary to fund first before account opening.. u can fund after ur account has been opened..

but then again, its also possible to fund it before account opening.. so its up to u really..

as for the submission of documents, isnt the step for this included during the application process?

i couldnt be sure about the email part.. but i recalled for my case, i did not email them anything with regards to account opening.. my document were uploaded during the application process on the portal itself (which i find it weird that u're not the only one i've came across so far that have difficulties engaging this part)

i submitted passport and bank statement

yea strange..

i remembered that'll be the last section.. the application concluded after submission.. i wish to be more specific but thats as far as i could recall..

in any case, u can still contact TSG up to enquire or guide through the submission of document

could u click on 'Fax/Mail Sending Instructions' ?

@eddie2020

This post has been edited by jas029: Sep 4 2020, 04:04 PM

strange yet again.. i dont remember i get to choose where to upload it to (sg, hk, aus, etc)..

but anywhere, im not sure how to go about the looping problem u faced.. what happened to me previously was an encounter of auto logout the moment i login.. every single time.. that happened when im at home.. i managed to solve it by login on another pc/mac in my office.. ur issue may differ from mine but feel free to try.. hope it helps