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 Interactive Brokers (IBKR), IBKR users, welcome!

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post Jul 4 2020, 12:01 PM

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QUOTE(Ivan113 @ Jul 3 2020, 11:16 AM)
Stupid question here,

So much hassle in opening an account and transfer fund for IBKR, why not just use eToro? Not endorsing eToro here, but as noob, can someone let me know what are the pros in IBKR over eToro? Better security? Guarantee funds?
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Etoro doesn't have everything and they have minimum trade amounts so if you're trying to invest a set chunk of money into a bunch of stocks at once, T212 is way better. The former has been around significantly longer than most fintechs on the market including T212 so in terms of stability and financial viability, they'll probably still be here in the next 20-30 years.

QUOTE(Ramjade @ Jul 3 2020, 12:47 PM)
Limited stocks and market. I wouldn't trust etoro at all. They are only good for copy trade.
You need to think about withdrawing.
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Withdrawing is not an issue at all. It's already been tried and tested multiple times by pretty much everyone who uses it and had the same doubts. It's a lot easier than pulling out your money from IKBR even though you have to keep in RM rather than foreign currency.
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post Jul 3 2021, 07:28 PM

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QUOTE(thecurious @ Jul 3 2021, 07:22 PM)
Wise can transfer direct to interactive?
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Transferwise from CIMB MY to CIMB SG. Then onwards to IKBR.
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post Jul 8 2021, 05:09 PM

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Finally have an excuse to open up an IBKR account drool.gif
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post Aug 6 2021, 03:36 AM

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How much is the initial deposit again for IBKR account openings? Have they changed it or is it still the same as before? hmm.gif
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post Aug 6 2021, 05:52 PM

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Alright. Just managed to get it approved without funding. Time to setup an SG bank account.
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post Aug 13 2021, 09:16 PM

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I haven't put in money yet because of ~CIMB~ issues but I can't open any trades even when I'm just looking up tickers. It says I don't have permission to trade that stock when I'm searching literally any US stock or ETF up even though my trading permission has all the regions for stocks including the US and US fractional shares. Is it because I haven't deposited any money yet or is there something else going on. I can't even paper trade because it gives another error. rclxub.gif

 

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