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 Interactive Brokers (IBKR), IBKR users, welcome!

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zenquix
post Mar 11 2020, 10:37 AM

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been looking at hardware zone and saw two news

https://forums.hardwarezone.com.sg/money-mi...053471-487.html

telegram group created https://t.me/sgIBKRcommunity

IBKR coming to SG in May (SG customers being migrated in April)
zenquix
post Mar 11 2020, 10:22 PM

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QUOTE(GloryKnight @ Mar 11 2020, 03:33 PM)
Cheaper trades for sgx, presumably.
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according to the post i read - can buy sgx (now sg cust not allowed) but fees will charge gst
zenquix
post Mar 11 2020, 10:44 PM

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QUOTE(Ramjade @ Mar 11 2020, 10:37 PM)
For us malaysians no problem. For them singaporean still cannot buy.
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noted.. but i guess 1 benefit is if tied to SG entity, if croaked no need to follow US estate law?
zenquix
post Mar 19 2020, 08:22 AM

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QUOTE(Yggdrasil @ Mar 19 2020, 12:03 AM)
Urgent. Anyone here knows whether CIMB SG allows to TT USD to MYR CIMB MY? Or they only allow SGD to MYR?
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should be no problem if you have a USD account with them. just whether the rates are good
zenquix
post Mar 19 2020, 05:27 PM

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USD -> Transferwise USD -> CIMB MY (MYR)?

This post has been edited by zenquix: Mar 19 2020, 05:28 PM
zenquix
post Mar 26 2020, 11:19 PM

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QUOTE(Investor12 @ Mar 26 2020, 10:06 PM)
Just to share my experience.

I submit my application to IB on Monday and got the approval on Friday.

I use both Transferwise and instarem to transfer HKD direct to IB, transfer wise slightly more expensive by few RM but reached IB account faster by hours. both transfer executed in the afternoon and reached IB next day evening.

commission
1. E-Micro DJI future - US$1.9 round-trip which is quite cheap ( vs $12 Malaysia broker)
2. Option - $0.75/trade
3. share - $1 per share

Margin
1. E-Micro DJI - US$ 2,600 ( which is very high)
2. Option - 100% equivalent to your position
3. share - about 3X the position

hope the above help and happy trading everyone
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they accept NRIC now or you used passport?
zenquix
post May 8 2020, 12:26 PM

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wrong thread

This post has been edited by zenquix: May 8 2020, 12:26 PM
zenquix
post May 17 2020, 12:15 AM

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QUOTE(Lakeambience @ May 17 2020, 12:04 AM)
Anyone tried funding IBKR in SGD using BigPay before? Their exchange rates are quite competitive and sometimes come very close to instarem. What I also like is that you can top up with credit card.
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Yggdrasil did an analysis.
https://forum.lowyat.net/topic/4857608

But I have not tried a fund withdrawal to a 3rd party before. Not sure what additional scrutiny is involved.

Maybe others can share their experience

This post has been edited by zenquix: May 17 2020, 12:16 AM
zenquix
post May 17 2020, 12:25 PM

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QUOTE(roarus @ May 17 2020, 11:49 AM)
There's a chance it may not work, you may still try it out for the benefit of everyone with a small amount  rclxms.gif

This is what shows up in my SG bank for Instarem and BigPay transfer:
i. Intarem
Inward FAST -
NSTAPTE3, OTHR-<MY NAME>XXXXXXXX<SEEMINGLY RANDOM ALPHANUMERICS>

ii. BigPay
Giro Credit from TikFx Singapore
BECH-<SEEMINGLY RANDOM ALPHANUMERICS>

For BigPay my name is not visible in the inward transfer. Another thing is that in BigPay there's no place to include transfer remarks to enter IBKR account number/name.
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if this is the case bigpay can still be used but transfered to your own SG account first i guess
zenquix
post May 19 2020, 02:40 AM

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is TSG forex fees higher than vanilla IBKR (i.e. with IdealFx Pro)?
zenquix
post May 22 2020, 05:52 PM

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i just opened the account via TSG.. in the IBKR, when do I upload our IC? Not comfortable sending it via email to TSG

user posted image

This post has been edited by zenquix: May 22 2020, 05:52 PM
zenquix
post May 22 2020, 06:05 PM

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QUOTE(Krv23490 @ May 22 2020, 05:56 PM)
I didn't send it via email. Through the application page itself IINM
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no such option when i was going thru the form.

PrincZe since you newly open where did u upload your IC?

This post has been edited by zenquix: May 22 2020, 06:46 PM
zenquix
post May 22 2020, 11:58 PM

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QUOTE(moosset @ May 22 2020, 04:33 PM)
Yes they did, for receiving incoming telegraphic transfer! I wrote on the first post already.... the fee is about USD$25.
Sorry for your loss but I'm happy to be correct.  brows.gif

In Krv23490 case, it's a local bank transfer.
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This topic just came up in the Sg telegram group - they are reporting no fees.

I checked IBKR and fees are "dependent on bank".

So i guess if not maybank, this is charged by the intermediary used by Maybank.
zenquix
post May 26 2020, 01:52 AM

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QUOTE(FishIsSmart @ May 26 2020, 12:47 AM)
There is another broker , Tiger securities, also using IB.
wonder how is their software.
how is TSG software compared to IB ?
most people use the workstation software of the mobile ?
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from little info available - IBKR is an investor. they are not using IB platform
zenquix
post May 27 2020, 09:07 PM

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QUOTE(tadashi987 @ May 27 2020, 08:42 PM)
u mean CIMB SG? nope they don't, as per my last withdraw, Maybank ISavvy does
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but Fastsaver cannot hold SGD right? They auto change from USD to SGD? or u have a MCA with them?
zenquix
post May 30 2020, 03:21 PM

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QUOTE(loyalkkk @ May 30 2020, 08:32 AM)
Is IBKR approved by BNM? Do you guys worry about the IBKR out-of-sudden blacklisted by the BNM? What can we do if IBKR being blacklisted by BNM? confused.gif
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Don't say other countries like US and Australia, closer to home IBKR is licensed by MAS. Who do you trust more? BNM or MAS?


https://eservices.mas.gov.sg/fid/institutio...NGAPORE-PTE-LTD
zenquix
post Jun 2 2020, 03:30 PM

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QUOTE(moosset @ Jun 2 2020, 12:19 PM)
beggars can't be choosers.  tongue.gif
I withdrew EUR from IBKR to TW Borderless acc (EUR).
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why not SGD? considering IBKR forex rate so good i would have transfered in SGD to TW as SGD/MYR still can get competitive rates.
zenquix
post Jun 2 2020, 04:37 PM

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QUOTE(moosset @ Jun 2 2020, 04:32 PM)
Because my currency was in EUR and I wasn't bringing money back to M'sia.
IBKR (EUR) >>> TW (EUR)

You can of course choose SGD as a transit to bring your money back.
IBKR (EUR) >>> TW (SGD) >>> Malaysian bank (MYR)

Anyway, the whole point was to check if TW can be a transit or a storage for our money from IBKR and it works!  biggrin.gif
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considering the spread, thank you for your sacrifice.
zenquix
post Jun 3 2020, 01:55 AM

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QUOTE(MNet @ Jun 2 2020, 09:24 PM)
For the TSG Global, the min commisen is $1.5.
On top of that, we also need to pay for exchange fee as show below?
https://www.tradestation-international.com/.../exchange-fees/
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exchange fees every broker will charge

QUOTE(dwRK @ Jun 2 2020, 04:59 PM)
he gonna send eur back to ibkr...no spread involved...lol
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ah i thought even act of sending same currency will incur a charge

This post has been edited by zenquix: Jun 3 2020, 01:56 AM
zenquix
post Jun 12 2020, 03:22 AM

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QUOTE(Chanching @ Jun 11 2020, 04:53 AM)
yo guys I have Cimb sg. So how exactly do I deposit into IBKR?
Do I transfer directly from CIMB Sg to IB OR do I use Instarem?
Also For 'sending institution part' on IB , what should I put?
Thanks in advance lads !
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direct via fast to ibkr account with citibank. set currency to SGD. Sending institution put CIMB

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