Interactive Brokers Q&A [2023]

Investing / Brokers
74

-SNB website says SARON is currently 1.70%
-IBKR website says the IBKR Benchmark rate for CHF is SARON. It also says that as at 27 July 2023 their Benchmark rate is 1.309%

Does anyone understand what is going on ?

75

No :laughing:

Was mentioned already somewhere.

76

Could anyone please tell me if iShares MSCI ACWI UCITS ETF (Acc) (IE00B6R52259 / SSAC) can be bought fractionally or with recurring investments on SIX in CHF?

Thanks. :slight_smile:

78

I haven’t seen issues with that.

1 Like
79

I keep getting email from IBKR about a Mutual fund advisory to check that some of my ETF have an equivalent and cheaper version available. Is it possible to see this advisory without having the main app installed?

81

TradingView, one active alert is possible with a free account.

1 Like
82

Has anybody ever changed the dividend election under settings in IB?

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Can I basically make VT a accumulating ETF (with trading fees, I assume)?

83

“We will charge our customary commission for the purchase.”

Dividend Election

3 Likes
84

I keep it off. Reinvesting the dividends satisfies my urge to ‘do something’ so I keep my fingers off changing the main positions.

1 Like
85

Every other month I use to exchange CHF to EUR by IB manually.
Can I automate and schedule the #2 and #3 process steps in IB?

  1. transfer CHF from my bank to IB
  2. exchange CHF to EUR
  3. transfer EUR from IB to my bank account
86

1 and 3 yes, 2 maybe kind of (create a bunch of market orders valid after some moment in the future).

87

Is this working for all ETF’s? Can’t imagine since some of them have a different Symbol or ISIN as:

VWRA - Vanguard FTSE All-World UCITS ETF (USD) Accumulating
VWRD - Vanguard FTSE All-World UCITS ETF (USD) Distributing

Both on London Stock Exchange in USD

88

I set a Buy 500 USD monthly for VWRA. Where can I see the buying fees in IB?
I want to see how much cost this operation, so in case it is too much I will increase the recurring invested amount or instead invest once every 2 months.
Is this buying fee a fixed fee? or is it relative to the invested amount?

Now that I see this. I understand that the operation just cost 0.35 USD. So 0.07%. Is this right? it looks very very competitive.

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1 Like
89

Yeah it is about the same price (0.35usd) for 5000 usd.

90

do u mean for 5k USD also 0.35 USD or 0.07% fee?

91

Absolute, 0.35.
Yes, IBKR is that cheap.

Goes up a bit after a certain threshold, don’t remember which one, but you can find the info on their web.

92

Question on USD Transfer to IBKR

I have regular but small incomes in USD and want to transfer them to IBKR without exchanging them first into another currency. The money goes into my PayPal account and therefore I need to transfer it first to Wise to upload it later into IBKR, which always costs some fees to receive the money in Wise and also to transfer it to IBRK. How do you handle that if you are in the same situation? USD accounts on Banks cost also quite some fees.

Regards,
Markus

93

Hello Markus,
have you looked into a Yuh account?
You can hold there CHF, EUR and USD.

94

Do others have the same experience that wires to and from IBKR in USD lose around 20 USD of fees by third parties every time?

95

I do several wires from eTrade to IB per year and the only fee is the 15 USD advertised by eTrade, but then the wire itself is exactly what eTrade told me, nothing more.