Interactive Brokers (was supposed) to start operations in Singapore from Jan 2020!

[crystalnox]

Bringing IBKR Lite here would be nice too, no minimum monthly.

 

[loveboon]

Great news!

 

[ridiculofje00]

nice, got another casino for me to gamble on

 

[flambe]

open liaosssss

 

[RedsYWNA]

V easy for pple to hit USD 100k now!

 

[reddevil0728]

open liaosssss

Sauce?????

 

[Niaoson]

Anyone signed up?

 

[netsit]

It is a nightmare to transfer shares from SC to IBKR. I am currently in the process of doing it. SC is crawling over the process and nobody seems to know what the process is in SC. Worst customer service ever, really regretted starting out in SC.

 

[flikmy]

Looks existing IB accounts will need to request for permissions for the Singapore market though. Just requested it on my account and hopefully get it soon.

 

[koicafex]

swee 1 platform full diversity

 

[koicafex]

Looks existing IB accounts will need to request for permissions for the Singapore market though. Just requested it on my account and hopefully get it soon.

can sic how

 

[pai000000]

Spoke to their helpdesk on the live chat, they say still cannot trade, still need to wait for IBSG release later "this year", no timeline right now

 

[wutawa]

Lol, i was going to pull up the old thread till i see this.

With its Singapore expansion, Interactive Brokers can now offer Singapore stocks to investors in the country

 

[assiak71]

Does it mean assets in ibkr sg now fall under sg estate upon death and distributed according to will or intestate law?

 

[RedsYWNA]

Does it mean assets in ibkr sg now fall under sg estate upon death and distributed according to will or intestate law?

I dont think it works that way. US stocks are still subject to US estate laws. The only way to avoid is to limit US stocks below USD 60k.

Hence buying LSE ETFs or even US listed ADR.....

 

[ConcernedParent]

Interesting, how does their fees stack up against the others?

Wonder how the other platforms would compete

 

[joshua182]

crapshoot, it means if hyper leverage on FDs and blowout cannot delete app and run away liao ah!!

 

[assiak71]

I dont think it works that way. US stocks are still subject to US estate laws. The only way to avoid is to limit US stocks below USD 60k.

Hence buying LSE ETFs or even US listed ADR.....

Sorry rephrase

For assets under ibkr sg, are they automatically "detected" and freezed when our death as a singaporean is registered?

I would guess that previously under ibkr uk/us/hk or whatever, our sg gov has no visibility of your assets?

Sorry not familiar with estate

 

[RedsYWNA]

Sorry rephrase

For assets under ibkr sg, are they automatically "detected" and freezed when our death as a singaporean is registered?

I would guess that previously under ibkr uk/us/hk or whatever, our sg gov has no visibility of your assets?

Sorry not familiar with estate

Me not familiar too, but I doubt the system is so sophisticated lah.......

 

[crystalnox]

It is a nightmare to transfer shares from SC to IBKR. I am currently in the process of doing it. SC is crawling over the process and nobody seems to know what the process is in SC. Worst customer service ever, really regretted starting out in SC.

Are you trying to transfer IWDA?