Interactive Brokers - SGD now available for funding - Part 2

[WoShiPro]

After using ibkr for 1 day.. I find live price and level 2 data important.. have to toggle between tiger and ibkr last night..

App is also slow and confusing..

 

[highsulphur]

I think some people say it’s now sg.

Even if it's sg, does my referral code still work?

 

[wutawa]

IB fx rate is impossible to beat. 1 pip bid/offer. Where to find?

must take note of the min U$2 fx fee. i.e. exchanging for U$2k is about 0.1% fee

 

[reddevil0728]

After using ibkr for 1 day.. I find live price and level 2 data important.. have to toggle between tiger and ibkr last night..

App is also slow and confusing..

is a balance lor. something must give.

You are using Android?

Not sure about confusing part. as with all things is about getting use...

 

[Jirachi]

https://forums.hardwarezone.com.sg/...funding-part-2.6411054/page-53#post-134874906
https://forums.hardwarezone.com.sg/...funding-part-2.6411054/page-52#post-134871818

I don’t understand what are you trying to infer here.

 

[reddevil0728]

I don’t understand what are you trying to infer here.

saying that a few people who withdrew got charged with USD$10 in addition to SGD$10 unless you are treasures than the SGD$10 got waived.

 

[Jirachi]

After using ibkr for 1 day.. I find live price and level 2 data important.. have to toggle between tiger and ibkr last night..

App is also slow and confusing..

Yeah. One thing it sucks is, live data isn’t free. You need to subscribe to it under “user settings”

 

[Jirachi]

saying that a few people who withdrew got charged with USD$10 in addition to SGD$10 unless you are treasures than the SGD$10 got waived.

Oh. Interesting. Did they withdrawal more than once in a month? IBKR has an incentive where you can do first withdrawal per month for free.
I seriously did not get hit with any fees.

 

[highsulphur]

Yeah. One thing it sucks is, live data isn’t free. You need to subscribe to it under “user settings”

I agree. They used to give free lse data last year.

 

[highsulphur]

Does SCB give free live prices for LSE?

 

[louisw]

Just received the email below. Both IB LLC and IB SG will eliminate the monthly inactivity fee.

Dear Client,

While many of our clients actively trade or maintain substantial equity in their account, we have decided to eliminate our monthly inactivity fee so there are no impediments to maintaining an account with IBKR.

 

[assiak71]

Possible to pm me the ibkr usd deposit acc info? I will just input into ocbc to see whats the agent fee. Not gonna transfer. Thanks

 

[reddevil0728]

Possible to pm me the ibkr usd deposit acc info? I will just input into ocbc to see whats the agent fee. Not gonna transfer. Thanks

Think you need to specify for IBSG.

 

[justwakeup]

must take note of the min U$2 fx fee. i.e. exchanging for U$2k is about 0.1% fee

Good point. Previously just change usd without thinking.

 

[assiak71]

Think you need to specify for IBSG.

You have acc right? Possible to pm me the ibkr/ibkrsg usd deposit acc info for input into ocbc to see how much the agent fee is. Thks

 

[yuzu28]

Just received the email below. Both IB LLC and IB SG will eliminate the monthly inactivity fee.

Dear Client,

While many of our clients actively trade or maintain substantial equity in their account, we have decided to eliminate our monthly inactivity fee so there are no impediments to maintaining an account with IBKR.

Substantial.. not clear leh...

 

[reddevil0728]

Good point. Previously just change usd without thinking.

The spread matters…

 

[reddevil0728]

Substantial.. not clear leh...

Why does it matter?

 

[reddevil0728]

You have acc right? Possible to pm me the ibkr/ibkrsg usd deposit acc info for input into ocbc to see how much the agent fee is. Thks

If you only open IB now you should be having IBSG entity account, so u need to request for ppl with IBSG usd account details.

 

[BBCWatcher]

What are some examples of "everything else"?
You've mentioned that GST is one, and I know that Interactive Brokers LLC's customers' assets are also protected by the SIPC for up to $500k.
I compared the transaction fees between the global and Singapore site, and they look almost identical.

I believe they are identical sans there’s GST. For SG.
I believe for sg, there are also fewer currencies you can deposit if you want to deposit other currencies.

Yes, that's right. Someone in this forum complained about not being able to deposit Australian dollars into an Interactive Brokers Singapore Pte. Ltd. account. The U.S. entity supports more deposit currencies.

But the big one for some people is that the U.S. account allows you to access whole markets that the Singapore account does not. For residents of Singapore, the SGX is the only market that IB Singapore opens up. And personally I think that's less interesting since FSMOne, as one example, is pretty good at SGX access in a low cost way.

This is mostly a moot issue since it's at least difficult to open an IB U.S. account from Singapore now. However, if you happen to have an IB U.S. account and are happy with it, I don't think there's any compelling reason to move. And there might be some reasons not to move. At the very least you'll save a bit of GST on every commission.