Finally got my TradeStation Global acc approved.

It seems I could transfer USD from IB to Transferwise (USD bank acc), but I'm not sure how to transfer MYR to IB. I'm trying now to see if it works.

Most Malaysian banks block transacrion when it comes with interactive broker.

wow!! Of all banks, bank Islam? very unexpected! 

is it internet banking or over the counter?

Don't bother using standard chartered. Final amount which suppose to end up will be lesser say about USD50-100. All kena makan up by standard charted.

But to humour you,
ID should be your unique interactive username usually UTXXXXX.
Charges you pay everything  yourself. Pick option 1. Again as mentioned after doing all that, final amount that appear in interactive broker will be lesser. Banks makan your money already (through invisible fees, unfavourable exchange rate)

Yes. Normal. Tradestation global is for IB UK. But since you are transferring I assume is USD,  of course the bank is in New York.
We never use Malaysian banks to TT. Well some might. Bloody expensive. What most people do is transfer SGD into interactive broker account via FAST (Singapore version of IBFT). From there, once money available just convert at spot rate into USD. Pay USD2.00 only for spot rate (real time market rates which banks use for themselves).

There's a tutorial over here.
https://forum.lowyat.net/topic/4744515

Difference is a lot over time.

I don't know what US stocks you are talking about. Malaysian banks don't let you buy or sell US stocks. You need a stock broker to do that. As far as I know all stock brokers in Malaysia charente a hefty fee for overseas stock purchased from say NYSE and Nasdaq.

Wow bank Islam could get through when maybank can't. Is not about buying international share. The moment banks hear that you are transferring money to interactive broker,  they tell you cannot transfer (most banks in Malaysia)
Agreed. When bank Islam could and maybank couldn't.
Never ever use Malaysians banks to fund Interacrive broker. You will lose more money.

Sadly that's the only way. Other way is have a US bank account and get a fintech from US site. The nearest US territory is hawaii or Guam.

Are you able to trade US options using interactive brokers?

Nvm. Got my answer. Now just need to research on how to set up an account.

i have USD at my transferwise acc, how to transfer to IB?

I have a question regarding margin. From my understanding,

1. IBKR charges different rates depending on which currency you borrow correct?

2. The margin rates depend on the net balance of your portfolio correct?

3. If Q2 is correct, what if my portfolio has a net balance of USD10,000 but I want to borrow in EUR? Will the net balance be converted to EUR to determine the margin rate?

hi all sifu,

I managed to fund my IBKR account from Malaysian Bank (MYR) -> Instarem -> IBKR (HKD)

Can i transfer my money back from IBKR to my Malaysian Bank thru Instarem? or any other good cheap alternative?

Please help 

So we cant do direct transfer back to Malaysia bank account? Quite troublesome to have so many bank account..

I just sent EUR direct from Instarem to IBKR.
Instarem says that the money has been sent.
However, IBKR still says pending receipt.
Anyone faced this issue before?

Anyone here knows why I am unable to buy/sell options although I've been approved? It keeps on saying I don't have permission but account management says I do and any changes to my details will downgrade my permission for options (making me ineligible to trade).

Is there a minimum balance for options? Because my account may have fallen in value the past few days lol

Here it says no permission.


Here it says if I change, I am downgrading and removing options.

Need some help here. Tried transferring MYR to SGD to SG IBKR account. But Transferwise require 9 or 10-digit account number.

The VAN comes with IBKR is 11 digit. So, can''t proceed with transferwise.

Anyone encountered this issue before?

Instarem is okay but about 2 SGD more expensive than transferwise.

I can see the margin interest rate but how will they collect it from our account?

Can anyone advice where can i view to see the max amount of funds I can borrow on margin from my account?..appreciate the help.thanks