Interactive Brokers - SGD now available for funding - Part 2

[limster]

doesn't seem quite useful or attractive as a debit or credit card.

I use my Standard Chartered High Account US$ Mastercard Debit card whenever I travel to US. The odd thing is that not all places seem to accept this card (or maybe they key in the wrong card type). I also get nett 1% cashback (2% cashback less 1% overseas transaction fee)

Maybe more valuable for SC to have this sort of card since their forex charges from changing from US$ back to S$ is so high, better to just spend the US$ dividends

IBKR forex premium so low, might as well just change back from US$ to S$....

 

[highsulphur]

So anyone has any joint account with their kid?

 

[limster]

Any idea on mobile app how do I change the exchange from EBS to LSE.

For SPYL the default exchange is EBS, which is more expensive for commissions.

SPXL is the IBKR code.

 

[apple459721]

ya can keep hoping lor. sometimes in life need to have some hope to be worth living for.

but then it might in reality be false hope. i.e., keep hoping but never a possible reality, the end up procrastinate to take any action.

that feature you talking about is not singapore specific ma.

whereas this card thing, if release in sg will be sg specific.

sg market so small. also not say they want to release means they can simply release like that, sure got regulatory hurdles.

if so simple to release, then apple card would be here long ago? since they have much bigger presence than IBKR.

ibkr total customer accounts only 3.34 million in 34 countries, i think users in us & canada market also small

should be easy to pass regulatory in sg..

apple card not brokerage account, not important

 

[reddevil0728]

ibkr total customer accounts only 3.34 million in 34 countries, i think users in us & canada market also small

eh when talking about small or big...

it's relative to the customer base they have in each country ma.

3.34mil might not be alot across 34 countries..

but maybe 90% is in US/CA market.

then the remaining 10% is across 32 countries.

which is very possible ma.

in fact IBKR SG only became registered a few years ago.

you have more specific data?

should be easy to pass regulatory in sg..

maybe. but the question is, whether is it even worth the investment to do it.

back to the above.

apple card not brokerage account, not important

to you might not be important.

but talking about customer base.

there are definitely more people with iphone than ibkr account in sg.

why Apple don't see the need to introduce the card here?

it's all about economics.

 

[silentears]

SPXL is the IBKR code.

Wrong eh. This is 3x bull.

I managed to get it routed, copy the isin then input manually thanks

 

[apple459721]

eh when talking about small or big...

it's relative to the customer base they have in each country ma.

3.34mil might not be alot across 34 countries..

but maybe 90% is in US/CA market.

then the remaining 10% is across 32 countries.

which is very possible ma.

in fact IBKR SG only became registered a few years ago.

you have more specific data?

maybe. but the question is, whether is it even worth the investment to do it.

back to the above.

to you might not be important.

but talking about customer base.

there are definitely more people with iphone than ibkr account in sg.

why Apple don't see the need to introduce the card here?

it's all about economics.

“Despite being a U.S.-headquartered brokerage, most IBKR clients reside outside the U.S.”

many other options available in the us/canada..
https://euronerd.com/insights/interactive-brokers-statistics/
https://www.businesswire.com/news/h...active-Brokers-Group-Announces-4Q2024-Results

If 10% in 32 countries, average 1 country only 10,437 users

 

[limster]

Wrong eh. This is 3x bull.

I managed to get it routed, copy the isin then input manually thanks

In my IBKR it shows SPXL LSEETF SPDR S&P500 UCITS ETF ACC quite clearly. What does it show on your screen?

 

[reddevil0728]

“Despite being a U.S.-headquartered brokerage, most IBKR clients reside outside the U.S.”

many other options available in the us/canada..
https://euronerd.com/insights/interactive-brokers-statistics/
https://www.businesswire.com/news/h...active-Brokers-Group-Announces-4Q2024-Results

If 10% in 32 countries, average 1 country only 10,437 users

How many in Singapore?

 

[singaporean11]

So anyone has any joint account with their kid?

I have a joint account with my kid (but my kid already past 21 Years Old).

 

[singaporean11]

Is is possible to open a joint account at Interactive Brokers with my child or children who are Singapore citizens and aged between 12 to 18 years old? If yes, what type of account is applicable?

I was reading that only those above 18 can open a normal account while those below 18 can open only a trust account but must be US citizens. Is that correct?

If I did not remember wrongly, interactive brokers singapore joint account holder must be at least 18 years old and only cash account.

For child below 18 years old, I only know you could open Fundsupermart beneficiary account.

 

[highsulphur]

Anyone able to track or see past unrealised gains?

 

[Shiny Things]

Received IBKR notification on fractional share position handling.. not sure if it's better to enable or disable the auto liquidate the fraction in the open market, any take?

Also, where's the option on the IBKR website, they revamp until it's becoming difficult to find different functions

It really doesn't matter too much, but you might as well enable auto-liquidation so you don't have to think too much about the fractionals.

 

[Arandalo]

Anyone knows how to clear recently viewed (not recently searched) stocks under the trade tab at the bottom middle on IBKR mobile app?

There’s an option to swipe left to delete on recently searched but I can’t seem to find a way to remove recently viewed. The recently searched is a different list from recently viewed so deleting from recently searched will not delete it from recently viewed.

Update: it seems like recently viewed will just keep the 12 most recent stocks and overwrite the older ones

 

[1 Ghz]

I just realized IBKR (SG) supports trading certain UCITS on LSE even though their primary exchange for those ETF is EBS which is unchangeable on the IBKR web interface. However, Desktop or TWS apps allow me to do direct routing to LSEETF. Shame on me for only using the web interface so far.

My question is, since FSMOne also supports trading the same UCITS on LSE but not other European exchanges, if I use IBKR to buy the UCITS (same currency as the one offered by FSMOne) on EBS or other non-LSE exchanges via smart routing, will I face any issues transferring those IBKR-bought UCITS to FSMOne in the future?

Or should I go with direct routing to LSEETF to be safe?

 

[yslvlys]

Hi guys, do you all usually use ibkr on the Web or mobile app? Do you find the mobile app is really hard to use? It so slow!

 

[highsulphur]

Hi guys, do you all usually use ibkr on the Web or mobile app? Do you find the mobile app is really hard to use? It so slow!

I use app. It's good enough for my monthly dca

 

[yslvlys]

I use app. It's good enough for my monthly dca

Do u use eGiro to deposit funds? I use bank transfer yesterday till now not received! The PayNow transfer yesterday also not received!

 

[highsulphur]

Do u use eGiro to deposit funds? I use bank transfer yesterday till now not received! The PayNow transfer yesterday also not received!

I fast transfer to ibkr sgd account with a local bank. Did you put your account number and name in the remarks of the transfer

 

[yslvlys]

I fast transfer to ibkr sgd account with a local bank. Did you put your account number and name in the remarks of the transfer

The bank transfer I forgot, the PayNow transactions I did. So really no excuse for IBKR, and it's PayNow! Luckily all are test deposits of a few dollars! And it took forever to reach the Live chat!