Interactive Brokers (IBKR), IBKR users, welcome!
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 Mar 25 2020, 12:07 PM
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#1
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Junior Member
351 posts Joined: Oct 2005 From: PJ  
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Just opened my acc in ibkr, then only found out there is going to be a monthly account activity fee of usd10...
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Mar 25 2020, 02:16 PM
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#2
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(moosset @ Mar 25 2020, 12:22 PM) actually 10 USD also not bad.... Well, if i got open trade then i have no problem in paying the commision. But this is like not doing any buying/selling, still need to pay monthly. if you buy 2 trades in Malaysia with RM10k each, already RM40 something in commission. In IBKR, you can make many small trades. edit: RM 40 per month is like, drink less starbucks, less bubble tea, less cinema per month.  I rather they increase the commission rate, but waive the monthly inactivity fee This post has been edited by madman.com: Mar 25 2020, 02:18 PM |
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Mar 29 2020, 11:49 AM
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#3
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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Im thinking to fund my ibkr acc through local bank online TT transfer, but the bank wants me to upload proof showing i had a stock purchase frm the broker as a supporting document.
I was like....Watttt??? I suppose to fund first then only able to trade, how to provide such supporting document since i not even fund my acc yet?? |
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Mar 29 2020, 07:10 PM
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#4
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(Yggdrasil @ Mar 29 2020, 06:37 PM) Correct. Need key in the details at the IBKR website. Yeah....me also wanna know can fund through Transferwise or not. Anyone did it before?You can fund any currency using Instarem except USD. Haven't tried Transferwise and BigPay yet but should be ok. Someone can verify this please? I'm guessing USD cannot. |
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Mar 30 2020, 11:08 AM
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#5
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(moosset @ Mar 29 2020, 10:53 PM) a. Don't know why make things so complicated. I don't know if it's berhad or sdn bhd, limited or private UN-limited.... If using Maybank, need to fill up recipient's id/company id. But what is interactive brokers company id? If I use InstaRem, I just type InstaRem. If I use Transferwise, I just type transferwise. If I use Maybank, I just type Maybank. If I use CIMB, I just type CIMB and nothing else.  b. Nickname is for your own reference. You can even type Ali, Abu, Ah Kau .... c. Yes  |
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Apr 1 2020, 08:16 AM
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#6
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(erizdagreat @ Apr 1 2020, 01:55 AM) Yes. Done via M2U I manage to fund my ibkr also through m2u, but i get charged usd25.Transfer Maybank to IBKR US: TT Fee RM10.00 Other charges USD23.00 Transfer IBKR US to Maybank: Other charges USD22.00 TT yesterday morning, amount shown in my ibkr acc in the afternoon. Quite fast |
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Apr 1 2020, 09:22 AM
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#7
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(Ramjade @ Apr 1 2020, 08:41 AM) Rm25 is the part not hidden from you..Pull up xe.com and check their exchange rate and the amount you received. That's roughly how much hidden cost the bank does not show you. The usd25 is charged by the receipient bank as their admin/processing fees. |
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Apr 1 2020, 09:46 AM
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#8
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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I TT 1k, received 975
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Apr 1 2020, 10:40 AM
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#9
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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I pay maybank as per their exchange rate on that day
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Apr 2 2020, 04:21 PM
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#10
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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guys mind to share what market data you all subscribe for trading US shares?
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Apr 2 2020, 09:33 PM
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#11
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(Yggdrasil @ Apr 2 2020, 05:21 PM) Should have futures and CFDs. If i dont subscribe market data package for the instruments i wish to trade, ibkr dont allow me to open trade. I don't subscribe. You can use MarketWatch to view live prices then key in your limit order. You can move your IBKR to TradeStation Global. Instructions are on TradeStation Global website. U can move your ibkr acc to tradestation IF your ibkr is not IBKR LLC. |
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Apr 3 2020, 04:17 PM
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#12
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(moosset @ Apr 2 2020, 10:19 PM) Can trade! Is it? Hmmm....will try again later. Most of us here want to save money by NOT subscribing to market data.  |
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Apr 3 2020, 05:14 PM
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#13
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(moosset @ Apr 3 2020, 05:03 PM) check the settings and see if you've the permission to trade... check the settings? U mean from my client portal setting? or TWS platform setting? |
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Apr 3 2020, 08:35 PM
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#14
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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Btw, just curious to know for u guys registered with tradestation global, u all trade using tradestation platform or ibkr tws?
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Apr 7 2020, 12:31 PM
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#15
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(David900924 @ Apr 6 2020, 03:39 PM) i make it up, my IB received my USD from Maybank, in less than 30 mins!! super fast. Maybank is the best. Small amount or large amount? |
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Apr 7 2020, 06:25 PM
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#16
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(David900924 @ Apr 7 2020, 04:22 PM) At first I try 250usd, then 1500 then 1000. So it is small amount. All very fast. The 3rd 1000 took 1hr30m, the other 2 in between 20-30mins. Yeah, i think fast is because its small amount. |
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Apr 9 2020, 10:42 PM
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#17
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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i thought the commission fee is usd1.5 minimum? How come i only get charged usd1 ?? HHmmm...
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Apr 22 2020, 04:43 PM
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#18
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(kingz113 @ Apr 22 2020, 12:02 AM) Been transferreing euros via transferwise to IB and always available to trade within 4 hours. Really outstanding service with great rates. u trade in euro? or u convert your euro to usd in IB? |
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Apr 22 2020, 04:59 PM
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#19
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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Transferwise do not accept usd transaction from malaysia
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Apr 22 2020, 05:11 PM
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#20
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Junior Member
351 posts Joined: Oct 2005 From: PJ
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QUOTE(kingz113 @ Apr 22 2020, 05:01 PM) Convert them to required currency. Ohh...ist that consider convert 2 round adi? Frm myr to euro to required currency?Mayb u shld try local bank straight to IB, i think not much extra |
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