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 Is Interactive Broker Legal in Malaysia?

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SUSTOS
post Oct 11 2024, 01:14 PM

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QUOTE(Sunshape @ Oct 11 2024, 12:43 PM)
IBKR web portal is very slow and unresponsive.

I already set session logout time to be 60 mins and still always told me your session has expired after 5 mins inactivity. Please logout and relogin again.
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That's a well-known issue. Have you tried the desktop Trader Workstation software? You only need 1 login around 11:45 am (or 11:45 pm, depending on time zone setting) every day.
Medufsaid
post Oct 11 2024, 01:18 PM

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Stumbled across this method to send OCBS sg USD balance to DBS sg USD balance
QUOTE
Get a local USD cashier order from OCBC and deposit it in DBS. I think it should be free if it's made out to yourself.
https://www.reddit.com/r/singaporefi/commen...bc_fcy_account/
Sunshape
post Oct 11 2024, 01:23 PM

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QUOTE(TOS @ Oct 11 2024, 01:14 PM)
That's a well-known issue. Have you tried the desktop Trader Workstation software? You only need 1 login around 11:45 am (or 11:45 pm, depending on time zone setting) every day.
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Trader TWS or Trader Desktop?

I found TWS is complicated and need time to browse and learn.
SUSTOS
post Oct 11 2024, 02:04 PM

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QUOTE(Sunshape @ Oct 11 2024, 01:23 PM)
Trader TWS or Trader Desktop?

I found TWS is complicated and need time to browse and learn.
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Yea, TWS that's right. One big advantage of TWS over the web portal is you get to choose more complicated order types and the exchanges to route to. You don't have to use all the features though, just basic ones like routing submitting buy/sell orders, basic charting functions (if needed) etc.
Sunshape
post Oct 11 2024, 02:06 PM

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QUOTE(TOS @ Oct 11 2024, 02:04 PM)
Yea, TWS that's right. One big advantage of TWS over the web portal is you get to choose more complicated order types and the exchanges to route to. You don't have to use all the features though, just basic ones like routing submitting buy/sell orders, basic charting functions (if needed) etc.
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I am trying this https://www.interactivebrokers.com/en/tradi...bkr-desktop.php
SUSTOS
post Oct 11 2024, 02:11 PM

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QUOTE(Sunshape @ Oct 11 2024, 02:06 PM)
Haven't used that yet. Maybe you can try and see if it fits your needs. It definitely looks cleaner than TWS from the screenshots I see so far.
Sunshape
post Oct 11 2024, 02:14 PM

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QUOTE(TOS @ Oct 11 2024, 02:11 PM)
Haven't used that yet. Maybe you can try and see if it fits your needs. It definitely looks cleaner than TWS from the screenshots I see so far.
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yes, i tried TWS and looks complicated for me.
Sunshape
post Oct 11 2024, 09:45 PM

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it has been almost 2 days and my deposit to IBKR has yet to be credited.
chong6998
post Oct 11 2024, 10:43 PM

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QUOTE(Sunshape @ Oct 11 2024, 09:45 PM)
it has been almost 2 days and my deposit to IBKR has yet to be credited.
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Did u notify ibkr how much u bank?
Can get instructions from ibkr then notify ibkr how much u plan to send
Sunshape
post Oct 11 2024, 10:47 PM

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QUOTE(chong6998 @ Oct 11 2024, 10:43 PM)
Did u notify ibkr how much u bank?
Can get instructions from ibkr then notify ibkr how much u plan to send
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Received the return wire 1 hour ago. Reason: account number was not valid.

IBKR instructed with this format: Account number + IBKR ID

But.
Ramjade
post Oct 11 2024, 11:27 PM

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QUOTE(Sunshape @ Oct 11 2024, 10:47 PM)
Received the return wire 1 hour ago. Reason: account number was not valid.

IBKR instructed with this format: Account number + IBKR ID

But.
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It is not that hard.
1. You need to notify IBKR that you are sending money from ABC bank.
2. They will give you the details of the IBKR bank account to bank in the money. Each bank account number is unique and different. Also they give ask your to include in the IBKR account number into your transfer info.
3. Login to your bank, fill up all details as provided by IBKR
Sunshape
post Oct 11 2024, 11:53 PM

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QUOTE(Ramjade @ Oct 11 2024, 11:27 PM)
It is not that hard.
1. You need to notify IBKR that you are sending money from ABC bank.
2. They will give you the details of the IBKR bank account to bank in the money. Each bank account number is unique and different. Also they give ask your to include in the IBKR account number into your transfer info.
3. Login to your bank, fill up all details as provided by IBKR
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Definitely I followed. The issue might be my bank has ACH transfer only, no SWIFT, while I wrongly used SWIFT in IBKR.

Just resent using ACH info.
Medufsaid
post Oct 12 2024, 12:22 AM

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Sunshape so the USD30 also refunded back?
Sunshape
post Oct 12 2024, 07:45 AM

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QUOTE(Medufsaid @ Oct 12 2024, 12:22 AM)
Sunshape so the USD30 also refunded back?
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Yes, I received the refund on the sent amount + OUR fee - minus $5. Overall, I paid $5 for this mistake.
dwRK
post Oct 12 2024, 08:58 AM

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QUOTE(Sunshape @ Oct 11 2024, 11:53 PM)
The issue might be my bank has ACH transfer only, no SWIFT, while I wrongly used SWIFT in IBKR.

Just resent using ACH info.
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where is your bank and name?
Sunshape
post Oct 12 2024, 09:57 AM

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QUOTE(dwRK @ Oct 12 2024, 08:58 AM)
where is your bank and name?
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XAPO rclxm9.gif
Medufsaid
post Oct 12 2024, 10:32 AM

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cool, so i learnt something new about ACH today
QUOTE
What are the fees to deposit and withdraw US dollars?

US dollar deposits via the ACH network cost $0.50+ 0.1% of the transaction value while Fedwire deposits cost $20 + 0.1% of the transaction value.

Withdrawals through Fedwire are not supported and withdrawals via the via the (sic, yes original text had duplicated text) ACH network cost $30 + 0.15% of the transaction value .
https://customersupport.xapo.com/en_us/what...llars-Syi7j49ia

This post has been edited by Medufsaid: Oct 12 2024, 10:34 AM
dwRK
post Oct 12 2024, 10:49 AM

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QUOTE(Sunshape @ Oct 12 2024, 09:57 AM)
XAPO  rclxm9.gif
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no wonder... biggrin.gif

Sunshape
post Oct 12 2024, 10:51 AM

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QUOTE(dwRK @ Oct 12 2024, 10:49 AM)
no wonder... biggrin.gif
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Anything wrong with them?
dwRK
post Oct 12 2024, 10:56 AM

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QUOTE(Sunshape @ Oct 12 2024, 10:51 AM)
Anything wrong with them?
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nothing wrong... your past postings gave the impression it was a bank in sg or something...

fintechs have had problems with ibkr in the past... even wise was not "accepted" for a long while...


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