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 Interactive Brokers (IBKR), IBKR users, welcome!

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tkwfriend
post Nov 7 2021, 04:50 PM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



hi i am looking at IB, had been using TD for sometime

few question would like to know here

1. how is the platform for stocks & also for option


2. What are the charges
- Opening account
- Trading for stocks
- trading for option
- OTC
- Wire transfer in and out

3. Where are the nearest branch or just in US alone

4. I notice from the front page example for CIMB other not sure

5. How long to open the account

6. Is it allowed to day trade, any minimum charges or capital amount

7. what is the minimum amount to depsoit in order allowed to trade
tkwfriend
post Oct 10 2022, 12:44 PM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



Hi, would like to find out how to transfer stock out of IBKR ( most important want to know the fees)
had try mr google, and ib website. not clear information

To TD American trade

This post has been edited by tkwfriend: Oct 10 2022, 01:53 PM
tkwfriend
post Oct 10 2022, 01:53 PM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



QUOTE(dwRK @ Oct 10 2022, 01:24 PM)
xfer to where?
*
to TD American trade
tkwfriend
post Oct 10 2022, 11:51 PM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



QUOTE(dwRK @ Oct 10 2022, 02:12 PM)
acats method... foc from ibkr... dunno about tda...
*
meaning, from out from ibkr to TD is free?
as i know TD to reimburse up to 100usd if have charges
tkwfriend
post Nov 13 2024, 03:19 AM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



hi, want to find out how to fund IBKR account, I already have bank account in USD, just want to transfer directly from bank. please advise
tkwfriend
post Nov 13 2024, 06:54 PM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



QUOTE(tkwfriend @ Nov 13 2024, 03:19 AM)
hi, want to find out how to fund IBKR account, I already have bank account in USD, just want to transfer directly from bank. please advise
*
is under public bank

QUOTE(Medufsaid @ Nov 13 2024, 06:33 AM)
tkwfriend since you have USA bank account, pick direct ACH

*
I do not own us bank account, is under public bank USD account
tkwfriend
post Nov 14 2024, 05:42 AM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



QUOTE(TOS @ Nov 13 2024, 07:00 PM)
Err is there any specific reason why you use Public Bank to receive USD? Business/tax reasons?

For local (Malaysia) USD bank account, the only way is to use Telegraphic Transfer to move money to IBKR, but expect 1-2% FX markup plus wire charges.

Usually people transfer to SGD bank accounts in SG or use Wise and perform direct ACH. That would cost you some 30-50 basis points only though with a little more hassle.
*
this is because my previous investment is in USD and it stay in USD . but now time to re-enter again,
I could not find detail of ibkr how to deposit information

my others account like tasty trade I am able to use wise
schwab unable to deposit from Malaysia due to Malaysia using a routing number and us using swif code.
tkwfriend
post Nov 14 2024, 01:54 PM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



QUOTE(TOS @ Nov 14 2024, 07:48 AM)
I see. You login to IBKR, select Transfer Funds, USD as currency and choose the first option: Bank Wire deposit.

Fill up the sending institution, account number and account nickname, then specify the deposit amount.

Double check with Public Bank and see if the cost of transfer is SHA, BEN or OUR: https://www.globalmediapro.com/content/What...entInstructions

If it's SHA Citibank (IBKR's receiving bank) may charge you some fees, although last time I use DBS SG and there are no fees charged.
*
will check this, as this account in public bank, require person there to fill up forms to transfer

QUOTE(lhshyong @ Nov 14 2024, 08:20 AM)
Not sure are you able to try on wise ?

check able to transfer your USD to wise USD account or not .
Then from WISE to IBKR
*
in my case will be extremely expensive

USD-MYR-WISE- MYR-USD


QUOTE(Medufsaid @ Nov 14 2024, 08:29 AM)
lhshyonghave to see which is cheaper

  • PBB -> swift -> IBKR
  • PBB -> swift -> Wise -> ach -> IBKR
furthermore, Wise can only do RM30k daily
*
for my case here may not work, I need manual forms to fill up, and is require to do multiple exchange rate
tkwfriend
post Nov 15 2024, 06:35 PM

I always doubt and always something goes wrong
******
Senior Member
1,904 posts

Joined: Jan 2003
From: Kelana Jaya , Petaling Jaya



QUOTE(lhshyong @ Nov 15 2024, 10:27 AM)
Not sure can try can direct USD to WISE USD ?
If so then can save the fx rate.

Me myself never try before.
*
I have try before, it auto convert to MYR, Reason is because the government ruling

 

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