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 Interactive Brokers (IBKR), IBKR users, welcome!

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z21j
post Jul 6 2020, 02:52 PM

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If i deposit usd from hk or sg multicurrency account to ib, are there charges or handling fees? How about withdrawal, if i withdraw usd do i get in hkd or sgd assuming in crediting to local banks?
z21j
post Jul 10 2020, 01:20 PM

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QUOTE(Ramjade @ Oct 1 2019, 10:39 PM)
Just go with Whitelabels. Lite is only limited to US markets. You think I can hit USD10/month commision? No. That's why I opted to go with Whitelabels. Allow me the peace of mind of buying whenever I want and not forced buying.

Another thread on whitelabels
https://forum.lowyat.net/topic/4744515
The first thread is the original one with more info.
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Is ibkr good for day trader? Cause usd10 actually quite easily hit, just buy and sell 10 times only.
z21j
post Jul 10 2020, 01:36 PM

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QUOTE(Ramjade @ Jul 10 2020, 01:23 PM)
At usd0.35/transaction (if you are using tiered pricing) how much you need to trade until you get usd10? Dobale if everyday trade.
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Actually i quite agree with one of the bros above that the info flow on the first page is quite massive and anyone new to ibkr would find it confuse....i copied tis link from the first post by ts, not sure if this is the whitelabels that everyone is referring to, but it seems that min trade is usd1.5?
https://www.tradestation-international.com/...ng-commissions/

On a separate note, i read some in this thread that ibkr lite is not applicable for singaporeans or malaysians right?
z21j
post Jul 10 2020, 03:36 PM

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QUOTE(Ramjade @ Jul 10 2020, 02:37 PM)
Pure iB is usd0.35/ transaction with usd10 inactivity fees.
Tradestation global is whitelabels of IB at USD1.50/transactions for US stocks with no inactivity fees.
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Thanks Ramjade. So in summary, it means if you trade more than 7 times in a month then pure ib tiered pricing is good, if between 7 to 10 times then can consider pure ib fixed pricing, and if 6 transactions and below in a month then better choose Tradestation global. I think ib tiered is good for my case cause i easily trade 10 times in just a day.

Btw, i just initiated the ibkr acc opening, doesnt seem there is an option to choose tiered pricing. I suppose i can choose it when i execute the trade?

This post has been edited by z21j: Jul 10 2020, 03:38 PM

 

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