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 Interactive Brokers (IBKR), IBKR users, welcome!

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kucingfight
post Jun 15 2020, 02:24 AM

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been reading on IBKR , and with Bigpay transfer shared by a member here.
Anyone had tried one big transfer USD1K using Bigpay? i supposed transferring and converting process to MY is similiar (vice versa)?
kucingfight
post Jun 17 2020, 11:12 PM

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QUOTE(kucingfight @ Jun 15 2020, 02:24 AM)
been reading on IBKR , and with Bigpay transfer shared by a member here.
Anyone had tried one big transfer USD1K using Bigpay? i supposed transferring and converting process to MY is similiar (vice versa)?
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anyone? or..
kucingfight
post Jun 24 2020, 09:51 PM

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QUOTE(C4H10FO2P @ Jun 24 2020, 11:06 AM)
thanks to this resourceful thread, i have open another broker for more stock options, i have etoro for the bluechips

just to share my experience, i've opened IB thru TSG, and got verified in a week, then deposited the funds via instarem. i transferred via m2u at 7am and the funds got thru to IB at 10am same day, super fast! .. and best of all the fee is super low (rm10).. there is a guide written in medium blog that detailed every step, props to the author.
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Golden question from here. Can u trade fractional shares?
kucingfight
post Jun 26 2020, 02:33 PM

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so i guess for now, low cost + fractional option = trading 212, which is backed by IBKR..
kucingfight
post Jul 11 2020, 08:52 PM

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QUOTE(Gwynbleidd @ Jul 11 2020, 12:12 PM)
Regarding Trading 212, those with TW Borderless Account should be able to use it without dealing with the high transaction costs/fees of local banks right?
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i have been using Trading212 for past few weeks.
basically good stuff:

a) accessible to US, Europe (not fully)
b) no maintenance fee
c) fractional shares. (from USD1)
d) no transaction fees
e) easy to deposit money (use BIGPAY debit card for almost @ spot live rate)
f) option for CFD account. i did not explore it yet

overall, great brokerage with everything laid out clearly
If ur a small amount investor who doesn't want misc fees and inconvenience, trading212 is the way to go

Basically, easy forward to open acc. doc needed : Passport, Bank account statement, utility bills. Most important of all, name and address must same and correspond to you what you have registered.

This post has been edited by kucingfight: Jul 11 2020, 11:38 PM
kucingfight
post Jul 11 2020, 11:43 PM

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QUOTE(moosset @ Jul 11 2020, 09:02 PM)
Question:
1. Can withdraw funds to bank account or must go back to BigPay?
2. Live market data for US, Canada and Europe?
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1, not sure to be honest. haven't tried
2, yes, think so

QUOTE(Ramjade @ Jul 11 2020, 10:16 PM)
They don't have access to Canada market. From what I see on YouTube yes live data.
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yup ur right..wrong info
kucingfight
post Jul 13 2020, 01:22 AM

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QUOTE(anwa @ Jul 12 2020, 07:23 PM)
Did you noticed the spread was high? I noticed their price can be different to ibkr/google. Might just be data delay, I'm not sure. I've open an acc with them a month back but haven't deposited, worried how to withdraw. If you can test, that would be great, particularly withdraw to bank account or credit card/debit card other than bigpay.
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i will probably try when i needed later.but not anytime soon
Ya off course it works on spread (no commision). what i noticed it spread is slightly lower than etoro..


kucingfight
post Jul 13 2020, 12:14 PM

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QUOTE(solstice818 @ Jul 13 2020, 11:50 AM)
Off-topic:

Seems like the withdrawal can only be done through the channel you funded your deposit.

Meaning, you will have to fund through TW to be able to receive through TW.
Anyway, is there anyone else using Trading212? Should we create a thread there? Not so nice discussing about it here in IBKR thread.
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ya, seems to be that way. i have not tried withdrawing with different means .
T212 technically it's backed by IBKR laugh.gif , but yeah should have its own thread not to be confused with
kucingfight
post Feb 18 2022, 04:11 PM

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following ziet's way to fund tru wise transfer
but i'm stuck @ this page; lack info on bank's details and add

user posted image

This post has been edited by kucingfight: Feb 18 2022, 04:12 PM
kucingfight
post Feb 19 2022, 10:39 AM

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QUOTE(AthrunIJ @ Feb 19 2022, 10:15 AM)
Halo, noted. Thanks for the info.

Last question, country specific ibkr is just basically following the host country law right. It doesn't matter if I open a sg ibkr or UK ibkr as I have read online so far?
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hey man, juz watch as below. everything u need to know and question answered

Sorry, old man dono how to embed youtube

https://www.youtube.com/watch?v=f__HgJRe3nU&t=240s

This post has been edited by kucingfight: Feb 19 2022, 11:25 AM
kucingfight
post Feb 19 2022, 11:23 AM

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QUOTE(Davidtcf @ Feb 19 2022, 01:09 AM)
Basically just fill in the routing and account number at Wise.

As below how I fill in.

user posted image

» Click to show Spoiler - click again to hide... «
thanks man, yeah i juz proceeded as Ziet's method. thanks
kucingfight
post Feb 22 2022, 10:17 PM

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QUOTE(kucingfight @ Feb 19 2022, 11:23 AM)
thanks man, yeah i juz proceeded as Ziet's method. thanks
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Money's in after 1working days, ex sat/sun. So yes, ziets method still works
kucingfight
post Mar 1 2022, 11:42 PM

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QUOTE(kucingfight @ Feb 22 2022, 10:17 PM)
Money's in after 1working days, ex sat/sun. So yes, ziets method still works
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QUOTE(CQT @ Feb 28 2022, 05:49 PM)
Hi everyone, may I ask I had problems with using Direct ACH Transfer from your Bank. I had press get the instruction but I got no address details as shown in Zeit youtube video. So how do I deposit via Wise if no such details?

user posted image
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juz follow his guide. mine got tru, juz done it last week
kucingfight
post May 15 2022, 07:13 PM

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Is India stock available? Can't seem to see it mine
kucingfight
post May 18 2022, 01:05 AM

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again, financial part is only 1/3 story of a stock, the other remaining are understanding the biz and management.
buy something that you are familiar with.

if indeed market prices are mismatched, you may hav found some value
kucingfight
post Jul 21 2025, 12:06 PM

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n00bie question on transferring MYR-USD (IBKR)

isit possible to use sunwaymoney to transfer USD to WISE bank acc (USD-account details), and then transfer it from there to IBKR?

please ignore if it doesnt make sense
kucingfight
post Jul 22 2025, 09:20 AM

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thanks Medufsaid

i would like to check, by depositing in SGD, typically what is the spread for auto conversion of SGD->USD in IBKR?

i did some WISE comparison,
a) if USD was converted first in wise account, charges come up to around (0.54%) , and after that transferring into IBKR is usd1.13 regardless of any amount
b) by depositing MYR and IBKR doing the transfer, the charges come up to (0.7%) , and it gets lesser with more amount deposited)

This post has been edited by kucingfight: Jul 22 2025, 09:31 AM
kucingfight
post Jul 22 2025, 09:33 AM

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QUOTE(Medufsaid @ Jul 22 2025, 09:22 AM)
kucingfight for Wise, i recommend you manually convert MYR->EUR in Wise (forgot the fee). and then send the EUR to IBKR (FOC). you'll save the USD1.13

if you are on cash account (not margin), IBKR will auto convert to USD for a fee of 0.03% when you buy. else use Recurring to buy stocks, then IBKR will auto convert for free to USD
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thanks, yes, i read through ur replies by converting to Euro first, if it's 0.03%, it's the most economical way it will get

i did some check in wise, if converting to MYR-Euro, the charges is around (0.52%) , so basically, saving (USD1.13 & 0.02% if converting USD) , but the saving may become insignificant when the transfer amount gets bigger, as the USD1.13 is a one time fee.

This post has been edited by kucingfight: Jul 22 2025, 09:39 AM
kucingfight
post Jul 30 2025, 12:19 PM

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dumb question, isit possible to sunwaymoney to IBKR straight?

technically, i have added the recipient details of IBKR in sunwayapp

This post has been edited by kucingfight: Jul 30 2025, 01:16 PM
kucingfight
post Jul 30 2025, 01:43 PM

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QUOTE(Medufsaid @ Jul 30 2025, 01:23 PM)
kucingfight all deposits to IBKR not under an account in your name is treated as money laundering except Wise

In fact wise deposits prior to direct IBKR-Wise integration in 2021-2022 is rejected or has complications also. Below is how it used to be last time 👇
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Haha, alright. That sums it all

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