Anyone using Interactive Brokers here? It seem like they have $1+ fee only. Just wonder whether they have any hidden fee. $1 fee is very nice for small trader.

yes I notice that IB need $10k initial deposit & also there is monthly fee for streaming price. Just wonder is there any other fee?

I been using SOGO for the almost 2 months now. I am happy with their service so far. Its $3 brokerage fee per trade so you get you paid for. Just get my account with Zecco & MBTrading approve as well. Zecco platform seem worst than SOGO but MBTrading seem to be impressive to me but with higher brokerage fee.

So for the time being I stick to SOGO until I found out whether IB is really the cheapest & I accumulate enough USD to open with them.

Yes I am, almost 2 months with them now. So far I am happy with them. Although I find out that it is impossible to do live chat, nobody will entertain you. Email is fine though. You get what you pay. hehe.

Cost wise, it just the $3 per trade that's all. You will get 100 free trades when you register with them. You have to utilize within 1 month. I only use 30 free trades. So the rest is gone.

No I have not try withdraw money yet. So far only make $100+ profit. Not justify to withdraw yet. By the way I have US Bank Account so there is no fee on deposit. It will be the same for withdrawal.

Small tips for those who have US Bank account to save transfer fee. You buy paypal fund here in LY. Normally it is cheaper than official exchange rate. So you withdraw your paypal to US Bank account & transfer it to your trading account. SEE no fee ma & get cheaper rate. Its take slightly longer time tough.

Anything else you want to know about SOGO?

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Added on October 11, 2009, 5:48 pmYes I agree, simple interface is OK. To see streaming price just use MBTrading but trade with other account.


This post has been edited by GHz: Oct 11 2009, 05:48 PM

I open US bank account when my boss send me to US last June. . Manage to open account with Bank of America & Citibank although my stay is US is only 5 days.

Quite difficult if you not personally at the US unless you have HSBC premier acc or Citigold. Try to look at "How to open US bank ACC thread" Someone give a guide to open an account with Wells Fargo.

I really do not know wire transfer fee as I never did it before.

Update us on your finding.

Look for this link for review on many brokers.

http://onlinebrokerreview.blogspot.com

Welcome.

No you can't ACH from your SOGO account to my US account. Even you trust me 100% you simply can't do that because your name in trading account & bank account must be the same. Third party transfer will be rejected.

Sorry my friend, this is not an option.

By the way, how do you fill in the TT form in Maybank2U. Where do you fill in ABA routing number & sogotrade account number? any screenshot?

This post has been edited by GHz: Oct 11 2009, 10:07 PM

thanks, SWIFT codes does not require as well?

Recommendation? need our master Zaman & damoncake input.

In US, they have ABA Routing Number (FEDWIRE in Maybank TT form). With this number they can identify which bank or branch that you are send the money to. Maybe that's why we do not see SWIFT codes column in Maybank TT form.

Well, that is my thought, mynewuser please confirm that.

I just recall that I have Just2Trade account as well. Open it way earlier than my SOGO. No funded. By the way how do you see the java trading platform. I just login, I could not find the link to open the platform, just simple trading screen only.

OK I just take a look at the trading tools demo called J2TRADER. I did not see the platfrom when log in. maybe it is still disable in my account because of no fund. Attach is only what I can see.


Attached thumbnail(s)

yes, looks very cheap. That's why I forgotten about it. maybe after account is funded then they give the java platform.

They also mention that you need to have 25k if you are in pattern day trader category.

Anyway going from SOGO to Just2Trade will not save that much. only 50cents per trade. However if monthly trade is huge then it is worth it.

This post has been edited by GHz: Oct 12 2009, 02:39 PM

Yeah, go for the faster one. Any way last 2 weeks when I try to link my bank acc with Sogotrade, this is what I got.



Maybe they need the original signature & w-8BEN form prior to account openning. This is my assumption only you can ask them for details. Previously I only need <1 week to get my account approved.

I just send them today. I send via registered post which cost me RM6.40 only. Take approximately 10 working days to arrive.

No I do not TT my fund to my US bank acc. I buy paypal fund at slightly lower than market rate & withdraw it to my US bank acc. Totally free. no charge incur to me. It take slightly longer time tough.


Yes they accept scan copy but subsequently you still need to mail the original form.

This post has been edited by GHz: Oct 12 2009, 07:50 PM

Anybody do any trade today?

I buy small amount of URE at 5.72

I am not that expert to recommend but now I have S & URE.

You own Fredie Mac? If it is its not the same. URE is Real Estate ETF.

Sell my URE.

hehe, buy 5.75 sell 5.96. not bad lah. 21cents per share. only hold overnight.

Yes, the 100 free trades is really handy especially for the beginner. When I have the free trades last month I even just buy 1 unit for a start. Just to get the feel.