Advertisement

Alvin

06 Dec 2021

∙

General Investing

IBKR Interest

I was charged HKD3.15 for HKD Debit Interest for Nov-2021.
1. Why was I charge?
2. Do I have to close the position by doing a FX transaction to prevent further interest?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Tan Choong Hwee

07 Dec 2021

Investor/Trader at Home

It can be margin interests or short position or negative cash balance in your HKD sub-account.
Yes, you would need to clear the margin, or close the short position, or clear the negative cash balance in your HKD sub-account.

Reply

Save

View 2 replies

Write your thoughts

Related Posts

What advice would you give novice investors with little capital (10-20K) who interested in LSE ETFs to use IBKR platform (I understand there are fixed, tiered commissions and/or misc fees)?

Which ETF should I invest in -- VOO, VUAA or VUSA? I am a Singapore tax resident and have a USD account in IBKR. Interested in investing in S&P 500, and avoiding witholding tax and currency risk.?

Suggestions for yield/interest generation on idle USD cash balances (>50k). Is IBKR SG cash interest any good (although not SIPC protected) or any other recommendations/thoughts? Thanks!

Hi Finance Gurus, My 10 years old son is interested in investing . For the start i want to teach him how to invest in US ETF’s. Is there a way to open a minor account in IBKR or similar platforms ?

Currently using DBS Remix eSavings Plus earning 0.05% interest. Should I open CIMB FastSaver and transfer my money over to earn 1% interest instead? Will there be a huge difference in the interest earned?

Related Posts

What advice would you give novice investors with little capital (10-20K) who interested in LSE ETFs to use IBKR platform (I understand there are fixed, tiered commissions and/or misc fees)?

Which ETF should I invest in -- VOO, VUAA or VUSA? I am a Singapore tax resident and have a USD account in IBKR. Interested in investing in S&P 500, and avoiding witholding tax and currency risk.?

Suggestions for yield/interest generation on idle USD cash balances (>50k). Is IBKR SG cash interest any good (although not SIPC protected) or any other recommendations/thoughts? Thanks!

Hi Finance Gurus, My 10 years old son is interested in investing . For the start i want to teach him how to invest in US ETF’s. Is there a way to open a minor account in IBKR or similar platforms ?

Currently using DBS Remix eSavings Plus earning 0.05% interest. Should I open CIMB FastSaver and transfer my money over to earn 1% interest instead? Will there be a huge difference in the interest earned?

Advertisement