Hi, planning to open interactive brokers account. What is the best recommended way to transfer money to it? - Seedly
Seedly logo
Seedly logo
Ā 

Investments

Online Brokerages

Harshit Chheda

Asked on 05 Jul 2019

Hi, planning to open interactive brokers account. What is the best recommended way to transfer money to it?

0 comments

4 answers

Answer Now

Answers (4)

Sort By

Interactive brokers provide you with a local bank account number. Do note that this number may be different from another Singaporean who opens an account, they have separated accounts.

Do a local FAST transfer of SGD, with no extra fees no nothing.

Take your SGD to convert into USD or whichever currency in IB for the best forex rates, way better than most banks.

0 comments

šŸ‘ 1
Catsnipss
Catsnipss
Level 3. Wonderkid
Updated on 24 Jul 2019

They will provide you with a Citibank bank account number,

Simply go to Funding once you created your account, indicated how much you are funding, they will give you the account number and you Proceed the transfer normally through your bank transfer.

It should take 1 or few working day for it to reflect in the acc.

3 comments

šŸ‘ 1

1 more comments

Catsnipss
Catsnipss

21 Jul 2019

Its a local Account Number. i funded my Account with SGD, and converted SGD to USD.
Harshit Chheda
Harshit Chheda

24 Jul 2019

Great, Thanks for your help.
Lilian Loke
Lilian Loke
Level 4. Prodigy
Answered on 26 Nov 2019

Use Fast. I tried with a sgd1 transfer to confirm the transfer would work correctly. Low risk testing before I transfer the actual amount.

0 comments

šŸ‘ 0

Can you fund in USD directly?

0 comments

šŸ‘ 0