Recent content by Alexpung

IB rate at the first tier is actually terrible, when compared to the implied rate you get from options, futures etc. It is only at the third tier the rate is actually competitive. Of cause when you compare to other brokers the margin rate is attractive, but I would bet hardly anyone who know a...

I have made a tax reporting tool for IB and Uk cgt and dividend tax. Perhaps you will find it useful. https://github.com/alexpung/UK-Investment-tax-calculator

Did you check the level 2 quote for the minimum order? It could be the ask require something larger than 100k

What you paid IB is commissions - the service to connect you to the exchange, not insurance premium that guarantee the exchange is working properly. The exchange not working is your issue.

You get Nikkei with 7pts spread? I suppose that is without any daily rollover charge? Can I know which shop please? edit: If you are referring to IG the 7 pt spread is for DFB which they charge you an arm and a leg for the daily finance fee. To avoid the finance charge you have to trade the...

If you are betting long term the only viable option is to find a shop that only charge the spread every quarter or so, without any finance cost. Even then for most instruments the spread is very expensive. For example IG Nikkei225 have a 20 point spread vs 5 or 1-2 for futures. Otherwise most...

Not really. I have read on all the disclaimers and there is no warrantee that the information is always correct. In fact we know that some of them are ought to be wrong. Wrong ticks, wrong fundamentals. I had personally pointed out that the tick sizing of one of the future spread is wrong.

Yes the destination account is a portfolio margin account. Some of my theories why the transfer failed: 1. The system is too stupid and apply reg-T margin when validating the transfer of >$100k, since there is nothing at the destination account before the transfer. 2. The SPX box that I hold...

Yes all stocks in my portfolio are above US$500MM market cap even after the recent dip.

Hi Def, thanks for answering. My UK account is already set to "risk based" and the proposed transfer is > 100k, (it is empty right now) and all my stocks have capitalization above this level. I guess I need to wait for the ticket reply from the margin department.

I think it depends on the tax residency. The reason for migrating the account, part of it is "why not" and part of it I think IBUK offer more protection of my money.

I recently relocated from HK to UK and started the process of IB account migration, foolishly thinking the margining would be the same for a risk based margin account. However support said IBUK are subject to FINRA rules (is that not a US rule?) hence making most of my Japan equities positions...

So instead of taxing consumption with VAT/luxury tax or similar which is a more fair tax you now tax people for owning productive assets...... Socialists simply want to nationalize everything, instead of all in one go they now do it slowly.

you can just generate a flex query (where you look at your statement) and look at the "interest detail" or whatever it is called.