Been transferreing euros via transferwise to IB and always available to trade within 4 hours. Really outstanding service with great rates.
Interactive Brokers (IBKR), IBKR users, welcome!
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 Apr 22 2020, 12:02 AM
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Junior Member
323 posts Joined: Jul 2006  
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Apr 22 2020, 05:01 PM
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#2
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Junior Member
323 posts Joined: Jul 2006
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QUOTE(heyamazingpeople @ Apr 22 2020, 07:33 PM) Transfer wise is that fast? Yeap TW is crazy good. I transfer money to a IB, Australia and Thailand and they all reach within 4-6 hours. I think even i transfer directly from SG Bank to IBKR also take like 2 hours fastest. How long transferwise will reach the bank account if one initiated a remittances from one country bank to another country bank?  QUOTE(madman.com @ Apr 22 2020, 07:43 PM) u trade in euro? or u convert your euro to usd in IB? Convert them to required currency. |
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Apr 22 2020, 06:09 PM
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Junior Member
323 posts Joined: Jul 2006
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QUOTE(madman.com @ Apr 22 2020, 08:21 PM) If u base in msia and u need to trade usd through ibkr, i dont think u shld go through transferwise. Bcoz u need to pay 2times of the exchange rate, and also need to pay your euro bank receiver bank fee. I transferred Euros straight to IB, not a receiver bank and no fees for receiving funds.I transferred 30k MYR yesterday and after 2 transfers, Myr to Eur to USD, I was only off 40USD from google's spot rate. I did that all in under 3mins and could trade in 4 hours. 830pm transfer out and 12.17am available for trade in IB and just in time to buy some dips last night. Will the local banks do better than the above? I don't think so. |
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Jun 17 2020, 12:29 PM
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Junior Member
323 posts Joined: Jul 2006
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When I opened for a friend, the money was remitted thru TransferWise. It hit the account but account not opened due to further due d by TSG. They wanted more documents before they proceeded.
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Jun 19 2020, 07:22 PM
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#5
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Junior Member
323 posts Joined: Jul 2006
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QUOTE(wendygoh @ Jun 19 2020, 06:02 PM) I mean withdraw from ibkr usd to tw usd Try converting to ibkr euros and transferring to TW euro. USD is a very sensitive currency.not deposit |
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Aug 26 2020, 11:32 PM
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#6
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Junior Member
323 posts Joined: Jul 2006
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Just crossed 100k balance in my tsg.
Anyone know how easy it is to switch to pure ibkr? Any obvious advantages to switch apart from low margin rates and cheaper trades? |
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Aug 27 2020, 12:04 AM
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#7
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Junior Member
323 posts Joined: Jul 2006
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QUOTE(Yggdrasil @ Aug 27 2020, 02:55 AM) No monthly fee Right good point. Frankly just the margin itself should be strong incentive enough to switch to pure ibkr. Reach $110,000 then can apply portfolio margin which supposedly lowers your maintenance margin by a lot. So can borrow more without risk of getting margin call. |
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Aug 29 2020, 01:29 AM
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#8
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Junior Member
323 posts Joined: Jul 2006
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QUOTE(milque @ Aug 28 2020, 11:57 PM) 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? A few times I forgot to put in the ref code. Ibkr managed to find my transaction after a week. TW has a box to put in your ref code btw. |
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Jul 9 2021, 01:26 PM
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#9
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Junior Member
323 posts Joined: Jul 2006
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Ibkr is worth the switch just for the low interest rates and margin.
I have a portfolio margin with a maintenance margin of circa 18%. Mighty useful and it's where i draw for emergency or when opportunities pop up. |
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Jul 9 2021, 11:45 PM
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#10
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Junior Member
323 posts Joined: Jul 2006
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Anyone who needs a referral code can pm me. Not gonna post if publicly in case it breaches any rules.
This post has been edited by kingz113: Jul 9 2021, 11:47 PM |
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