Interactive Brokers - SGD now available for funding

[skier17]

cash as in cold hard cash?

Yes but not a lot. 2k only.

 

[reddevil0728]

Yes but not a lot. 2k only.

I know dbs remit is free to transfer into IBKR.

But depositing cash itself might cost money.

Since 2k isn’t really a lot, might be worth just holding it in case you travel to the states in future or places that accepts usd?

 

[OnePunchMan]

very suspect now...

Like put money in, think suddenly got bonus
Put more money in suddenly make a lot more money
Then say make money don't need to dig, only when lose money then dig.
but if dun even know how much money, how to know whether lose or make money?

He is not making any sense tbh. And till now he havent show his MWR of ibkr

 

[OnePunchMan]

i see, what if you already have option but then they expire worthless cuz that thing worthless?

will there be margin call or other consequences because i keep seeing that thing flash red but then nothing happens?

i only know it prefers u from buying more options

ehh it prefer you not hold your option till last day. there is 1.5hr of risk that the broker does not want to take. MM already decided what they want to reduce their loss by then. Its no longer sat because computer helps speed up the process. What happen on Sat is just settling of $$

 

[reddevil0728]

He is not making any sense tbh. And till now he havent show his MWR of ibkr

Actually what is more important is the balance.

The MWR is good statistics but need to establish basic facts first.

 

[westtraveller]

Hi.. have a dumbass qn. Opened IB account years ago, have several positions and cash there. Now opened IB SG account but screwup and didn’t link the accounts. Tried to transfer positions internally but can’t and reached out for help and didn’t get response.

Should I (1) just continue with original IB account and ignore SG account, (2) close all positions and transfer cash back to SG and rebuy from SG account?

Edit - seems like there is (3) close all positions in original account and transfer the funds (can transfer funds but not positions... dunno why)

 

[reddevil0728]

Hi.. have a dumbass qn. Opened IB account years ago, have several positions and cash there. Now opened IB SG account but screwup and didn’t link the accounts. Tried to transfer positions internally but can’t and reached out for help and didn’t get response.

Should I (1) just continue with original IB account and ignore SG account, (2) close all positions and transfer cash back to SG and rebuy from SG account?

Edit - seems like there is (3) close all positions in original account and transfer the funds (can transfer funds but not positions... dunno why)

You can’t link.

You should be able to transfer. How did you reach out to the support team? They should be quite responsive.

Your question seems contradictory. Typo?

Should be able to.

 

[westtraveller]

Support team didn’t reply. I guess can try again

 

[crystalnox]

Hi.. have a dumbass qn. Opened IB account years ago, have several positions and cash there. Now opened IB SG account but screwup and didn’t link the accounts. Tried to transfer positions internally but can’t and reached out for help and didn’t get response.

Should I (1) just continue with original IB account and ignore SG account, (2) close all positions and transfer cash back to SG and rebuy from SG account?

Edit - seems like there is (3) close all positions in original account and transfer the funds (can transfer funds but not positions... dunno why)

It's called an account transfer not position tranfer, it's definitely doable. There's an FAQ on their site somewhere for transferring from IB US to IB SG.

Edit: Step by step instructions https://www.interactivebrokers.com/lib/cstools/faq/#/content/116779121?link=116779121

 

[Visa4550]

Deleted 10 chars

 

[Visa4550]

Any bro or sis can advise, I created an interactive brokers account to buy index funds earlier this year. Is there any benefit to opening a singapore interactive brokers account and consolidating there and transfering positions to this sg ib account? Like maybe can call the sg support line no need to make internatiomal calls to support

Sent from Samsung SM-N960F using GAGT

 

[reddevil0728]

Deleted 10 chars

What's this for? why don't just delete?

 

[reddevil0728]

Any bro or sis can advise, I created an interactive brokers account to buy index funds earlier this year. Is there any benefit to opening a singapore interactive brokers account and consolidating there and transfering positions to this sg ib account? Like maybe can call the sg support line no need to make internatiomal calls to support

Sent from Samsung SM-N960F using GAGT

Do you also trade SGX? if not maybe no point.

 

[Visa4550]

What's this for? why don't just delete?

Apologies, im logged onto an app to read hardwarezobe forums cant see or find the delete button

Sent from Samsung SM-N960F using GAGT

 

[Visa4550]

Do you also trade SGX? if not maybe no point.

No i dont trade sgx stocks

Sent from Samsung SM-N960F using GAGT

 

[reddevil0728]

No i dont trade sgx stocks

Sent from Samsung SM-N960F using GAGT

Then what’s there to consolidate?

In any case you can still call the sg number if u need any support.

It’s IB after all doesn’t matter the entity

 

[crystalnox]

No i dont trade sgx stocks

Sent from Samsung SM-N960F using GAGT

Then no point, not worth the hassle if you don't need SGX.

 

[Hippocrates]

Is it still possible to create a link account under IBKR LLC?

I just realised that SIPC protection is capped at $500k per capacity... so I'm thinking of opening a new joint account (so that it will be considered as a different capacity), transfer the excess over and continue monthly DCA from the new account. Would that still be allowed as new account opening are directed to IBKR SG now?

 

[hwzadmin]

Dear members, please take note that this thread is now closed due to its huge size. A new thread has been automatically generated for your continued discussion here