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 Interactive Brokers (IBKR), IBKR users, welcome!

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sherynchans
post Apr 18 2020, 12:59 AM

Getting Started
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Junior Member
135 posts

Joined: Mar 2008
Thanks to all sifus here that answered all enquiry.

Below are my journey to IBKR:
1- funded CIMB SG - no issue (3 days)
2- opened TSG and IBKR account - no issue except to resubmit all the documents (one week as I did not chase)
3- transfer money using Transferwise MYR to CIMB SG as the amount received is higher compared to Instarem and then to IBKR (1 day)

Now I am on my way to start investing. Hope to learn more from all of you smile.gif

sherynchans
post Aug 6 2020, 03:31 PM

Getting Started
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Junior Member
135 posts

Joined: Mar 2008
May I know the reason why we need to convert the currency according to each stock exchange?

Let's say I have USD, and I would like to trade on hkse. Can I just place the trade without converting??

Thank you..
sherynchans
post Aug 6 2020, 05:56 PM

Getting Started
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Junior Member
135 posts

Joined: Mar 2008
QUOTE(tadashi987 @ Aug 6 2020, 09:09 AM)
the stock is listing in different currency, said u want to buy S&PP500 which is in USD, u cant create order using other currency, the order wont convert FX for you
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Does this applies to cfd account as well? I heard my friend traded without converting. So I'm quite confused with it. Maybe it comes with extra fees?
sherynchans
post Jun 7 2021, 01:06 AM

Getting Started
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Junior Member
135 posts

Joined: Mar 2008
Can we open a custodial account for minor?
sherynchans
post Jul 9 2021, 10:21 AM

Getting Started
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Junior Member
135 posts

Joined: Mar 2008
QUOTE(Rama522 @ Jul 8 2021, 07:00 AM)
Just FYI in you are interested to delink from TSG.
These are the steps i have taken when i switched to IBKR.

In order to request a manual internal transfer please create a ticket online by following the steps below.
Please log into your client portal -> support -> scroll down to “web ticket” -> compose -> new ticket -> subject: manual internal transfer -> search Ibot -> continue to ticket -> Category: Funds & Banking – Position Transfers -> preview ticket and submit

In the detailed description (body) please mention the source/destination account numbers along with the positions/cash to be transferred. Please note that such transfers are subject to compliance review and approval. Time for review and processing upon approval can take up to 3 weeks.

Cheers.
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so do we need to open a new account under IBKR? or we directly to TSG?

sherynchans
post Jul 11 2021, 01:15 PM

Getting Started
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Junior Member
135 posts

Joined: Mar 2008
QUOTE(Ziet Inv @ Jul 10 2021, 11:02 AM)
Update on this, did a quick check and I think my delinking has been completed when I saw I had the "Refer a friend" thing.

user posted image

Afterwards, to activate fractional shares trading, just search at the search bar for "Fractions" and the options to activate will be there.
IBKR prompted me to update my financial information, which will take up to 24 hours for approval (according to the system message).

Delinking timeline:
(8th July 2021, Thursday) Requested delinking with TSG on at 3pm. E-mailed back by 4pm. Called IBKR for verbal verification at 8pm the same day.
(10th July 2021, Saturday) Delinking completed in the evening.

Hope this helps!
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Hi Ziet,

Is our account default to the tier pricing? Or do we need to request for the tier pricing?

As always, thanks for the guide!

sherynchans
post Aug 11 2021, 12:50 PM

Getting Started
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Junior Member
135 posts

Joined: Mar 2008
QUOTE(eyerule @ Aug 3 2021, 06:18 AM)
never had a problem. i think depends which savings account you open. mine was done online, gave me a code then i went next day to get it opened. following day open cimb sg
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what is the process of opening CIMB account online?
sherynchans
post Sep 27 2021, 12:27 PM

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Junior Member
135 posts

Joined: Mar 2008
has anyone tried to withdraw from IBKR to CIMB SG? Normally how long does it take?

sherynchans
post Sep 27 2021, 10:14 PM

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Junior Member
135 posts

Joined: Mar 2008
thank you

 

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