11 Common Problems Faced by Interactive Brokers Users (Must Watch!)

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  • @nicksoo1633
    @nicksoo1633 9 місяців тому +5

    Happy to have you around. You're awesome!!!

    • @ZietInvests
      @ZietInvests  9 місяців тому +2

      Likewise!! Thank you Nick!🥰

  • @JamesBullock-fl9ly
    @JamesBullock-fl9ly 10 днів тому

    I have an IBKR account. I love the fact that I have plenty of options in this brokerage, and yes, they ARE strict! Happy investing!

  • @alexgod7271
    @alexgod7271 9 місяців тому +3

    Thanks for this. Really helpful questions and answered alot of my doubts. Keep it coming and good job!🎉

    • @ZietInvests
      @ZietInvests  9 місяців тому +1

      So happy to know that!! Can't wait to see you on our future videos!

  • @Johann75
    @Johann75 9 місяців тому +3

    Love your videos. Ziet, what do you think about IBKR Stock Yield Enhancement Program (SYEP)?

  • @fccp4348
    @fccp4348 9 місяців тому +4

    Good day, Ziets. Happy Lunar New Year. Thanks for your info.

    • @ZietInvests
      @ZietInvests  9 місяців тому +1

      Happy Chinese New Year to you and your family❤

  • @ZietInvests
    @ZietInvests  9 місяців тому +5

    Do you have any other questions on IBKR? Share with us down below and maybe someone knows the solution to it!⬇️

    • @TomTom-sq1jv
      @TomTom-sq1jv 9 місяців тому +1

      Hey Ziet, I have a question about the fund's withdrawal part. I thought that Malaysia doesn't currently charge for capital gains tax? Why should I worry when a large sum of money is withdraw back to my bank account?

    • @vsuren
      @vsuren 9 місяців тому +1

      Malaysia stamp duty charged extra?

    • @ZietInvests
      @ZietInvests  9 місяців тому +3

      @@TomTom-sq1jv Hi, technically you are right, Malaysia doesn't charge for capital gains tax, but that does not stop the tax department from knocking your door and auditing your income source - no one can guarantee the outcome. Hence why it is always best to be aware and educated on this, plus, have "alternative" route to avoid being in a position where the huge some of money is remitted + you're sitting in the same room as the authority :x (Please double check this with an accountant/financial advisor and they will have the best advice for managing your wealth transfers!)

    • @ZietInvests
      @ZietInvests  9 місяців тому +1

      @@vsuren i dont think so!

    • @TomTom-sq1jv
      @TomTom-sq1jv 9 місяців тому

      Thanks for your comment!@@ZietInvests

  • @Arquebusier89
    @Arquebusier89 9 місяців тому

    Bro thank you so much for this. It’s frustrating I cannot buy options or complex etf. It’s always good to have options open.

  • @weikeongtan8125
    @weikeongtan8125 9 місяців тому +6

    Great sharing, thanks Ziet!
    Wanted to ask since Malaysia don't have capital gain tax. Do we still require to declare foreign stock investment during tax submission?

    • @ZietInvests
      @ZietInvests  9 місяців тому +6

      Hi Wei Keong, very good question. My friend have asked LHDN this via call, and the officer said yes need to declare under "Dan lain-lain" section below your income. But frankly if you ask me, that's capital gains tax right? Doesn't really make sense to me - so best if you can get an accountant to confirm this!

    • @weikeongtan8125
      @weikeongtan8125 9 місяців тому +2

      Got it, thanks Ziet!

  • @Tensterdotnet
    @Tensterdotnet 9 місяців тому +3

    What about the dividen from stock where it will go and how to trigger reinvest option ? Thanks

  • @user-10YearsChallange
    @user-10YearsChallange 9 місяців тому +1

    Nice one Ziet!! And happy Chinese new year, hopefully ur channel grow bigger and stay humble and honest, ur channel really brings a lot of good content compared with the rest.

  • @peterfischer7084
    @peterfischer7084 9 місяців тому

    Following Brexit my IBKR account was moved from the UK to Ireland. This has the disadvantage that now the limit for protection for cash in case of IBKR'S bankruptcy is only €20000, not €100000 as before.

  • @SuperClivo
    @SuperClivo 8 місяців тому +1

    Dude! New to your channel. Watched a few of your videos and you are pretty awesome!

    • @ZietInvests
      @ZietInvests  8 місяців тому

      Thank you so much for the kind words!! Can’t wait to show you more of what we’ve got😍😍

  • @Billcfc911
    @Billcfc911 9 місяців тому +2

    Brilliant video, would be great if you can start doing it on a regular basis (once a month or so...) thanks Ziet.

    • @ZietInvests
      @ZietInvests  9 місяців тому +1

      I'm so glad you liked it!! Keep the questions coming if you have any so that I can feature more varieties of problems to help more people😊 Thank you!!

  • @CayonPokPok
    @CayonPokPok 9 місяців тому +2

    Can I check, which broker will u recommended for malaysian who wish to trade U.S and HK?

  • @leonardchong1824
    @leonardchong1824 9 місяців тому +3

    2 questions here..1. Being a malaysian, despite changing the trading permissions and what not, we cant seems to buy bitcoin. any way to maneuver around this? 2. knowingly that anything above 60k usd in IB, we will be slapped 40% inheritance tax (or tiered), besides giving it annually it as gift, what can we do in case we suddenly gone and can official will writing mitigate this? thanks

    • @ZietInvests
      @ZietInvests  9 місяців тому +5

      Hi Leonard, thank you for the great questions!
      1. I feel you, and yeah, at the moment IBKR (and many other brokers) does not allow Malaysian clients to buy BTC, probably due to the stringent financial regulations. Will keep you all updated as soon as it's available!
      2. Yes there will be inheritance tax, but its up to 40%, not 40% flat ya. Unfortunately there's not way to avoid it if you invest in the US market, but it can be mitigated partially through investments via Ireland domiciled ETFs - as there are no inheritance tax on irish-domiciled assets for us!
      Can check out this video to learn more: ua-cam.com/video/VIM1fczQdAE/v-deo.htmlsi=TYBgpnynbd6ygCOB

  • @knith123
    @knith123 9 місяців тому +2

    Awesome stuff Ziet! I currently started my investing journey with 50% in VUAA and another 50% spread across Microsoft, alphabet and Apple. I’m not sure if I should diversify out of this to stock pick outside S&P 500 such as even other countries and non tech sectors, swap to VWRA or just stick to VUAA and chill all the way. I want to have 50% of my savings in ASB and 50% in the USD stock market as I believe I have a low to medium risk appetite. Any advice on this?

    • @NickGhale
      @NickGhale 7 місяців тому

      For VUAA, check out SPXS.L or SPYL, cheaper

  • @kenjispirit
    @kenjispirit Місяць тому

    Hi Ziet, I have USD currency in a foreign bank account (non-US), is there any better way other than wise? I did check on WISE if I were to add money into wise by "SWIFT" there is a SWIFT fee incurred? Not to mention there may be additional fees from the bank itself?

  • @gconceptg7486
    @gconceptg7486 9 місяців тому +5

    Oops ,Happy Chinese New Year to you🎉

    • @ZietInvests
      @ZietInvests  9 місяців тому +2

      Happy Chinese New Year to you too 🧧

  • @peipei3237
    @peipei3237 9 місяців тому +3

    I would like to know about account inheritance. If anything happens to me (pass away), what will happen to my stock?

    • @ZietInvests
      @ZietInvests  9 місяців тому +6

      For Malaysians - IBKR advice to hire a lawyer and approach their customer support to setup a will for inheritance transfer. This is because their platform don't natively support inheritance transfer for non-US clients. (Correct me if im wrong!)

    • @fccp4348
      @fccp4348 9 місяців тому +5

      Good day, Zeits. What if I let my close relative have AC password access and he transfer through WISE all my $ to his WISE AC after I died. Can it work that way or should I have a joint AC in IBKR.

  • @InvestingEducation
    @InvestingEducation 9 місяців тому +1

    for the accumulating etf VUAA, is there any withholding tax?

  • @kuriansimonvarughese6825
    @kuriansimonvarughese6825 6 місяців тому +2

    Thanks for making wonderful content as always....Recently i am not able to get authentication code to log in into IBKR account using laptop. Pls advice on this .....thanks

    • @rustem312
      @rustem312 3 місяці тому +1

      I'm facing the same issue. Is this a recurrent problem with IBKR? If so, I will look for another broker, I'm happy I didn't deposit anything yet

    • @YesWec
      @YesWec 3 дні тому

      Any update, novelty guys?

  • @kaiaitan1425
    @kaiaitan1425 7 місяців тому

    Hey, Ziet, thanks for the explanation. It clears all my doubts!

  • @caseywong903
    @caseywong903 9 місяців тому

    Great sharing ! Can you comment on investors of foreign nationality residing in Malaysia - can they maintain IB account to trade US stocks from Malaysia, and if yes, which IB to register (SG or US), are there's restrictions to these class of investors in this case?

  • @gilph
    @gilph 6 місяців тому

    Is it adviceable to open separate ibkr acct if you are investing both us and sg, foe monitoring purposes? Or just one ibkr account will do?

  • @gozza
    @gozza 4 місяці тому

    Hi Ziet!! Awesome video. But need to ask question. Let say you remit $$ from IBKR to Msia account and got triggered by BNM. What type of proof do we need to provide to justify?

  • @TJunChuan
    @TJunChuan 9 місяців тому

    Man I hate IBKR so much. It's pain in the ass when registering a single account. First register failed and they won't give any reason, second attempt need some trading certificate or something and I can't proceed with that because I don't have it

  • @flaviopivatelli956
    @flaviopivatelli956 8 місяців тому +1

    As IBKR is the ONLY US broker providing Ireland-domiciled ETFs to non-US residents/citizens what could it do if IB went bust or insolvent and consequently would have NO another broker to transfer the assets to?

    • @ZietInvests
      @ZietInvests  8 місяців тому

      Unfortunately that also means if you need to transfer to another broker, if they dont accept these stocks, you would have to liquidate those positions and transfer in cash terms instead

    • @flaviopivatelli956
      @flaviopivatelli956 8 місяців тому

      Thanks for reply

  • @hssbsales0393
    @hssbsales0393 9 місяців тому +1

    Is it true that ibkr pays 5% interest on un invested funds in our account?

  • @styfrung
    @styfrung 9 місяців тому +2

    Can you provide a step by step guide on opening ibkr and buying please?

    • @anthony.L
      @anthony.L 9 місяців тому +1

      he did already, check older videos

  • @jeffang3298
    @jeffang3298 9 місяців тому +3

    great video, thank you Ziet

    • @ZietInvests
      @ZietInvests  9 місяців тому +2

      Glad you liked it jefff! Have a great one🥰

  • @SuperClivo
    @SuperClivo 6 місяців тому

    Hey Ziet! Can you make a video explaining how the Stock Yield Enhancement Program on IBKR works?

  • @andyhengpenghwa
    @andyhengpenghwa 9 місяців тому

    Hi Ziet. Does IBKR allow trading BTC ETFs for Malaysians?

  • @weiyi0609
    @weiyi0609 9 місяців тому

    Wanna ask ur opinion, if invest via malaysia broker like rakuten, when we withdraw large amount of money, will it be less likely to trigger the LHDN?
    And if i die, family member will easier gt the inheritence?
    Should this be consider point when choosing to use local broker or international broker?
    I already invest via IBKR for 2 years

  • @anthony.L
    @anthony.L 9 місяців тому +1

    Hi Ziet. Thanks for all your videos.
    I have a question but not really about IB. Why Alibaba US (BABA) is less performing than Alibaba China/HK (9988)?

    • @wewave23
      @wewave23 9 місяців тому

      It's a matter of perception. Investors in China knows the truth of Alibaba's performance, those gweilos in the US of A only know propaganda fed to their brain dead heads.

  • @VamboraSingapore
    @VamboraSingapore 9 місяців тому +2

    Excellent vid. But that zit, Ziet, is struggle to not pop on screen haha

    • @ZietInvests
      @ZietInvests  9 місяців тому

      I knowwwwwwww omgggg T_T I'm soooo sorry about that, it pops out every Thursday when I film my videos 🥲 (happy to report it's gone now!)

  • @moshyurk
    @moshyurk Місяць тому

    Iv got this message when i try to trade " Your order was not accepted because the Master/Compliance user has restricted you from trading: account is closing only " You know whats wrong ?

  • @rnegoro1
    @rnegoro1 9 місяців тому +1

    Can I add another user like my wife/son to my account ? in case anything happen to me, he can inherit it ?

  • @drpany
    @drpany 3 місяці тому

    Heirs may have to pay American estate taxes if their US‐domiciled holdings exceed $60,000.
    It doesn't matter whether or not such products are purchased from a non‐US brokerage.
    How to overcome this?

  • @FrontScenery
    @FrontScenery 9 місяців тому +1

    Hey Ziet, Great video there. BTW, let's say somehow I managed to made from 10k to 1m MYR in the broker. Since this money is clean, is it possible I can withdraw one lump sum? Will I still get taxed even i can show evidence of my money where it came from ?

    • @ZietInvests
      @ZietInvests  9 місяців тому +2

      Hi, as mentioned in the video, i can’t guarantee how the malaysian authority will react when you bring in that huge sum of money into the country, cross corder.
      Technically capital gains are not taxable, but as part of anti money laundering exercise they’re gonna have to audit and investigate the source of your income - i.e going through your statement etc.
      Do check with a financial advisor for the most accurate advice ya😄

  • @Daniel_S20
    @Daniel_S20 24 дні тому

    1:30. If I'm not the owner of my stocks, how am i going to get dividents?

  • @joeymangkok
    @joeymangkok 9 місяців тому

    Can withdraw to other person's WISE? Im asking just because as far i know IBKR dont have beneficiary/inheritance

  • @Babarkhan_4580
    @Babarkhan_4580 8 місяців тому

    Kindly if you can shed some light on good faith violation and it’s application through IBKR.
    For instance if I open a position on Monday and close it on the same day that is Monday, when can I open my next position while trading through IBKR.

  • @DanielLee-ub4tp
    @DanielLee-ub4tp 5 місяців тому

    I cannot find CNDX in London Stock Exchange when I use the search function. Pls help.

  • @Ian_81
    @Ian_81 7 місяців тому

    Does US Stock DRIP got any charges in IBKR? Thanks

  • @veeratamilan1893
    @veeratamilan1893 9 місяців тому

    Is there way in ibkr mobile app where I can see top "strong buy" stocks rated by analyst(can see in fundamentals tab) and sort them in ascending order based on market cap?

  • @cheehienlee3001
    @cheehienlee3001 9 місяців тому

    Hi, IBKR can assign nominee? Just as EPF. Or Will can cover this? Thanks

  • @vblogchannel7689
    @vblogchannel7689 9 місяців тому +2

    Thank you for this video!

    • @ZietInvests
      @ZietInvests  9 місяців тому +2

      You're most welcome buddy!! Hope to see you more around!

  • @thangmai7048
    @thangmai7048 8 місяців тому

    Hi Ziet,
    can I ask you a question. If I open IBKR account with my passport number. After 10 years my passport expire, do I need to re-open new account or still keep this account and update new passport number ?? Can you help me...

  • @goeatlnola
    @goeatlnola 7 місяців тому

    why is minimum order size 100 for SG individual stocks?

  • @rnegoro1
    @rnegoro1 9 місяців тому

    How do you see the margin that is being used and being charged margin interest by ibkr ?

  • @sudathfernando1854
    @sudathfernando1854 3 місяці тому

    I just started with IBKR. Transferred USD from UAE bank. They have charged additionally USD 25 for RMA TT CORR charges. What is this charge? Is it one off?

    • @ZietInvests
      @ZietInvests  3 місяці тому

      The USD 25 charge could be a fee related to international wire transfers or a compliance check. It might be a one-time fee, but it's best to confirm with your bank or IBKR.

  • @ronaldt3422
    @ronaldt3422 9 місяців тому

    Can I trade my own company stock when I'm director of that company without informing Bursa/the public when using Interactive Brokers??

  • @ganchi_poh1241
    @ganchi_poh1241 2 місяці тому

    What is the option entry and exit fee? Is the expired option incurs any fee (expired option in TOS is no charge)?

    • @ZietInvests
      @ZietInvests  2 місяці тому

      Hello ~ as far as i know expired options dont incur any fee; standard option trading fees will apply for entry and exit.

  • @nasruddinmuhammad
    @nasruddinmuhammad 9 місяців тому

    Opinion abour adr china etf ?

  • @danieltan3147
    @danieltan3147 9 місяців тому +1

    Thanks bro.

  • @SuperInferius
    @SuperInferius 8 місяців тому +1

    superb tips!

  • @futsuu
    @futsuu 5 місяців тому +1

    Great video mate

  • @jamescps8799
    @jamescps8799 9 місяців тому

    Very difficult to transfer funds

  • @bharathbalu3878
    @bharathbalu3878 7 місяців тому

    Bro I created a account in IBKR. Yesterday I done my first purchase. I was not allowed to buy pink stock. It says I need to get trading permission by selecting “US”penny stock” option but that option was not appeared in my trading permission in stock colum. What am I supposed to do. Kindly help me….

    • @JamesBullock-fl9ly
      @JamesBullock-fl9ly 10 днів тому +1

      A yo! Go to your trading permissions to update your trading experience, like the guy said… you may have to make it so that you have plenty of trading experience, more financial income, etc…

  • @juniorbalasador22
    @juniorbalasador22 8 місяців тому

    Hi Ziet, what market data do I need to trade North American Futures?

    • @ZietInvests
      @ZietInvests  8 місяців тому

      Hey there! To trade North American futures effectively, you'll want to get your hands on live futures data for the contracts you're interested in, like the E-mini S&P 500 or NASDAQ futures.
      Can try checking with IBKR customer support ya, hope this helps!

  • @ash.k2720
    @ash.k2720 9 місяців тому

    @ZietInvests Can we invest ( commodities , index ) cfd through ibkr , as Malaysian?

    • @ZietInvests
      @ZietInvests  9 місяців тому +2

      I believe you can - but need to have certain trading permissions in order to do it yea

    • @ash.k2720
      @ash.k2720 9 місяців тому +1

      @@ZietInvestscan you tell me whats that procedure ?

  • @ravimunsamy9104
    @ravimunsamy9104 11 днів тому

    Whats the minimum requirements to open level options account

  • @yeanniteh7088
    @yeanniteh7088 8 місяців тому

    How to sell ETF in IBKR? All my order submissions failed

    • @ZietInvests
      @ZietInvests  8 місяців тому

      Did you submit during off market hours (weekends)? Try submit on weekdays yea

  • @Lasereyes87
    @Lasereyes87 8 місяців тому +1

    great video

  • @hallel9020
    @hallel9020 5 місяців тому

    When i deposit 100$ why do they charge me 30$ for transfer? Am i doing it in a wrong way or ? Based in UAE

    • @ZietInvests
      @ZietInvests  5 місяців тому

      You might have sent it through foreign telegraphic transfer, the USD 30 is charged by your bank, thats why its not encouraged to do that :x
      Try this method instead, its much cheaper: ua-cam.com/video/8YeDT2ol1K0/v-deo.htmlsi=mOc6m9vuIHNAXL6c

    • @hallel9020
      @hallel9020 4 місяці тому

      @@ZietInvests Wise doesn’t work in UAE you see that feature of adding and balance you can’t see it here . I open wise i only see exchange options

  • @paulosousa1357
    @paulosousa1357 9 місяців тому

    Muito complicada de negociar !

  • @ferhat0070
    @ferhat0070 4 місяці тому

    thanks man

  • @JohnK-k1e
    @JohnK-k1e 9 місяців тому

    How to buy BTC as a Malaysian? Cant seem to access Binance and IBKR doesnt allow my account to buy BTC

    • @ZietInvests
      @ZietInvests  9 місяців тому +1

      Hi, yeah at the moment IBKR does not allow Malaysian clients to buy BTC, probably due to the stringent financial regulations :x we can only wait and see - i will keep you all updated if BTC ETF is available for us!

    • @kylehudsons
      @kylehudsons 9 місяців тому

      Why not Luno?

  • @kylehudsons
    @kylehudsons 9 місяців тому

    Do not spread your withdrawal within a short time period.
    This is structuring, you will still get triggered.
    If you are not doing anything shady then just withdraw all of it lump sum and be ready for your Bank to call you and provide all the necessary documentation to proof the source of fund.
    Or if you need X amount on a certain periodical basis then monthly is the best bet. It will still trigger but as long as not too large then they may potentially let it go if your profile is matching the amount you are transacting.
    #Not a money laundering advice

  • @matgaban-vd1oh
    @matgaban-vd1oh 9 місяців тому

    as malaysian, can i open cimb singapore account?

    • @ZietInvests
      @ZietInvests  9 місяців тому

      Can! Here's the guide: ua-cam.com/video/mXjaob63K2w/v-deo.htmlsi=MKAG_XJmWTStSBxl

  • @averageoptions
    @averageoptions 9 місяців тому

    How long does it take to withdraw your fund to your Wise account?

  • @kevinregis7744
    @kevinregis7744 7 місяців тому

    Has anyone ever told you that you sound like you have a Caribbean accent?

  • @aungnaylin9787
    @aungnaylin9787 9 місяців тому

    😊

  • @giant108
    @giant108 9 місяців тому

    Is that true Moomoo started the Malaysian operations today? TQ

    • @ZietInvests
      @ZietInvests  9 місяців тому

      Yes they have! Can get cool rewards if you are interested: j.moomoo.com/00JRcf

    • @giant108
      @giant108 9 місяців тому

      @@ZietInvests I'm interested to use your promotion. Please do a demo for account opening asap. TQ

  • @wewave23
    @wewave23 9 місяців тому

    What's the problem even if your withdrawals trigger the authorities?
    If your trading is legit, if the broker is legit, then just pay the relevant taxes on income and there's no problem. Right?
    Granted that IB like many other foreign brokers are on the Malaysian security commision alert list, by virtue of it being an offshore brokerage, without licence and not regulated by Malaysian laws, it is just a precaution notice and is not illegal.
    That's my take on the matter