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 Interactive Brokers (IBKR), IBKR users, welcome!

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willylwl
post Jul 5 2020, 08:33 PM

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Hello Sifu Sifu,

I just got my IB acc approval, and came across TSG + IB can avoid monthly fees.
May i ask if after i registered with TSG + IB using my existing IB acc.... Which platforms should i do my funding? Both acc also can use? Our money still under IB and safe? sweat.gif sweat.gif

Thank you
willylwl
post Jul 5 2020, 09:25 PM

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QUOTE(Ramjade @ Jul 5 2020, 08:44 PM)
Convert your money to SG,D via Ibkr. Do not straight transfer out. Then deposit into SG bank account. You can use CIMB sg to bring back money at very good rates.

At the same time you avoid paying usd25. You just pay usd2.00/conversion.
You need to make sure your broker is IB and not TSG. Login into IB. Go to report and generate a report. It should write TSG if you are using TSG.

TSG function is just for opening account. After that login, deposit money, convert money, buy and sell, withdraw all using IB.
*
Thank you for your reply.
So, if i am still with IB now, i should go to TSG website and link my IB acc to TS platform?
Then my acc will be under TSG and no monthly fees?

Thank you for ur help thumbsup.gif thumbsup.gif
willylwl
post Jul 11 2020, 03:41 PM

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Joined: Sep 2011
Hello Sifu,

Is it free if we use spore bank fast transfer to interactive brokers spore citibank acc?

Read from a blog article stated we can try transfer sgd100 first to check whether we got it right.
Thank you.
willylwl
post Jul 11 2020, 06:03 PM

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Joined: Sep 2011
Very helpful.... Thank you very much 👍👍👍💪
willylwl
post Jul 12 2020, 09:26 AM

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Hello Sifu,

Even if we use the dividend reinvest program, our dividends still taxable by US? Any way to avoid the 30% dividend tax ?
Thank you.
willylwl
post Jul 14 2020, 02:55 PM

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Hello Sifu,

May i ask how we should convert sgd to usd?.... using TWS , or just using the app? or client portal?
If using TWS.... Should we use idealpro or fxconv?
Some youtuber said must use fxconv but some said the other way round 😅
Please help thank you.

user posted image
willylwl
post Jul 21 2020, 12:05 AM

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Junior Member
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Joined: Sep 2011
Hello Sifu,

May i ask if we must subscribe to real time market data in order to trade with Interactive brokers ?
Just now i placed a limit order for PEP $132.50, but why my executed price became $133 ?

Thank you.

This post has been edited by willylwl: Jul 21 2020, 12:09 AM
willylwl
post Jul 26 2020, 09:05 AM

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Hello Sifu,

We can use spore bank local fast transfer to fund our IB acc without any additional transfer fees.

Does anyone have a better route to fund webull or firsttrade account?
For every transfer, our local bank will charge high conversion fees + Rm10 and US bank will charge Usd20....

Please help and thank you very much.
willylwl
post Oct 1 2020, 09:57 AM

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Hello Sifus,

May i know if malaysian can apply for DBS/POSB sg account online?
Not a PR/working permit....

Thank you.

willylwl
post Oct 15 2020, 11:25 PM

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Hello Sifus,

Can we transfer fund from IB to other brokers account? like webull....
Possible?

Tq
willylwl
post Oct 23 2020, 05:51 PM

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Hello Sifus,

May i ask if fixed or tiered commission better for small account?
Thank you.


 

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