I donât know about currency exchange with IBKR but when selling stocks, if you have a cash account (versus margin account), the money takes 2 days to be available (settled). So wait around 2 days. I remember I found some Reddits threads on that:
âCash accounts take 2 days for cash to settle after trade day, T+2 if not mistaken.â
âif you have a cash account, it takes 2 days for it to be usableâ
I have not exactly found the problem but this is not 100% true during my testings. I used the cash account option for several years without ever receiving the notice that I couldnât buy something or the settlement wasnât done yet.
In 2022 though I also started receiving this message on my cash accounts very frequently but not all the time. Sometimes it would work and sometimes there was the error. After switching to a margin account the problems went away as you describe.
I have just stopped my yield enhanced program participation after checking this year additional yield. Itâs a whopping 2.5 CHF from a 160k Depot not sure what I have expected but maybe just a little bit more somehow covering the trading fees.
What is your experience with the yield enhancement program?
I donât think so. There is a âroll positionâ button, but I think it just creates orders that you have to execute. Itâs probably like with these auto rebalancing or portfolio tools: they can generate orders, but someone has to press the button to execute them. Security/compliance limitation. If you are brave enough, you can create market orders that are released at a preset time in the future (Good After Time) using Trader Workstation.
Well in terms of the yield enhanced program I had mixed experience, which however is a total disaster invest wise.
My âUpstartâ position gives me around $300-400 per month. Needless to say that I have a huge loss on the position. On the other hand, my Logitech holding gives me approximately CHF 0.50 per month⊠My VTI position has not been lent out yet but I assume that the yield would be also im the singe digit range.
It would be interesting to know how IBKR calculates the interest rate for individual stocks and if they have it published somewhere.
I think if you open futures position for a moderate leverage, keep it almost to expiry and then roll it to the next contract, nobody can claim that this is a source of substantial income for you. I think this is the main criteria after all.
I got a call from IB to add the cost basis information of my transferred shares to IB. What did you do about it? Is the release of this information necessary for a non-US person? See below the invitation:
I agree with you that it is not mandatory if you have no tax on capital gains.
However, it can still be useful for you to provide a value, because it will be used to calculate and display gain/loss for this position; otherwise, gain/loss will probably be relative to the stock price at the date of transfer.
It will be updated when they get the information from the other Brokerage firm that you transferred the shares from. usually 7 to 10 days after the transfer if I remember correctly
I have been reading this great forum for quite a while now and decided to open up an account at IB UK. Is anyone willing to send me a referral code for the UK IB page?
I believe you donât even have a choice of IBKR entity when signing up as a new customer.
Pretty sure I did open on their .com site (though the UK entity shows up on statements).
Have you received this communication on training yourself with IB?
I think I will take one of them for the bond allocation. I will Use the first 100 usd in the next 180 days then near the end I will take the remaining 2 and use the 200 usd for the end of the year.
Saving wonât be much but it still good to learn.
Learn and Earn up to USD 300 in Commission Credits
We are excited to announce that clients can earn commission credits by completing Tradersâ Academy courses in Portal.
To get started, log in to Portal and select Education > Learn & Earn.
You can earn USD 100 in commission credits for each of the three eligible Learn & Earn courses. The courses cover Options, Futures and Bonds. Awarded commissions are offered upon completion of ALL course material within the Award Bundle if you have not traded that product for the 180-days prior to completing the course.
Please note that only one account per household can claim the commission credit.
The credits will expire after 180 days if they are not used. In addition, the credits will only be used on the commissions charged by IBKR, not regulatory/third-party fees charged by exchanges.
For additional details on the IBKR Learn & Earn Program, please review the Terms and Conditions.
NB : I read the LEA terms and it may not be as interested as those credits can be used for trading the asset class covered by the Award Bundle (options, futures, or bonds).
So you need to be highly motivated to trade this asset class as you will need to complete all courses and tests (e.g. for Options 45 courses of 2 minutes each with tests ).
Durch das Lesen und die Teilnahme an diesem Forum bestÀtigst du, dass du den auf http://www.mustachianpost.com/de/ dargestellten Haftungsausschluss gelesen hast und damit einverstanden bist.