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(Post 182/ Yr 3 Wk 39)Learning investing/trading together #27:How to fund your IBKR(Interactive Brokers) account
By Sonicericsg  •  July 7, 2020
In this learning investing/trading post, I am going to show how to fund your IBKR(Interactive Brokers) brokerage account. 

Normally for Singaporean investors, we would just simply do a bank transfer. However, for IBKR, we would have to fund your brokerage by wiring money to it(which is pretty much the same as a bank transfer)

*Do refer to my guide on how to set up an IBKR(Interactive Broker) account if you have not done so, here.

So, why choose IBKR(Interactive Brokers) as a brokerage?

Pros
Good customer service, I did ask some queries even before my account was approved regarding whether there is any charges on wire transfer(There are no charges, btw) using the chat interface and was answer promptlyFees of $0.005 per share or min $1.00 USD( Cons

Singaporean are only able to invest other country stock(US and UK) and cannot use IBKR to invest in Singapore stockMust transfer money to your custodian bank...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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