Interactive Brokers for US

[rr828241]

Indian Overseas Bank is simply the best.

I am planning on opening an account with iob, can you please tell what are the additional charges for outward remittance?

 

[abhiaj_geek]

I am planning on opening an account with iob, can you please tell what are the additional charges for outward remittance?

Have you considered they only allow remittance by going to branch

 

[Vinay13]

Anyone have idea about SLBM? stock lending ? How safe is it? I have full time US broker account. Can I do it?

 

[rr828241]

Have you considered they only allow remittance by going to branch

I had a word with my branch they informed I can send scanned documents and they will process

 

[Rahul098]

Has anyone tried slbm in Indian stocks I saw this video.

 

[Panthera_Tigris]

@theglobalinvestor @Hell_Kitty

How do you guys fill the Foreign Asset Schedule on your ITR forms in India? Indian brokers like Vested and IndMoney give you the data in the required format but in IBKR I will have to do everything manually!

 

[abhiaj_geek]

@theglobalinvestor @Hell_Kitty

How do you guys fill the Foreign Asset Schedule on your ITR forms in India? Indian brokers like Vested and IndMoney give you the data in the required format but in IBKR I will have to do everything manually!

Oh thats a bummer.
Get a CA to do the job?

 

[theglobalinvestor]

@theglobalinvestor @Hell_Kitty

How do you guys fill the Foreign Asset Schedule on your ITR forms in India? Indian brokers like Vested and IndMoney give you the data in the required format but in IBKR I will have to do everything manually!

I just email my statements to my CA.

 

[abhiaj_geek]

On another note, is there a way to bypass this 10L limit? The only thing I can think is to invest in my family members name.

 

[nikhilv0303]

IndMoney vs Vested vs IBKR - which one is best when starting to invest in global markets?

 

[telescope]

IndMoney vs Vested vs IBKR - which one is best when starting to invest in global markets?

Indmoney and vested both are simple and decent options. Interactive brokers is complex but also offers many more tools.

 

[abhiaj_geek]

IndMoney vs Vested vs IBKR - which one is best when starting to invest in global markets?

Indmoney and vested both use drive wealth as US brokers. Drive wealth is a rather new entrant. Better fx rates are possible with indmoney.

IBKR is a very old broker. More trust.

 

[mojo_jojo123]

My employer is shifting from Fidelity to Charles Schwab in next 6 months and they will be offering personal account for eligible countries. So maybe I will get CS without 25k funding and with no AMC and minimal charges.
I wanted to see what's benefit of Interactive brokers. INDmoney I won't trust with big amounts.
One doubt I have about 20% TCS, If I am withdrawing my RSU in US HSBC account and then transferring it to CS/interactive then 20% TCS applicable or not ?

Hi are you doing directly from CS ?

 

[telescope]

One doubt I have about 20% TCS, If I am withdrawing my RSU in US HSBC account and then transferring it to CS/interactive then 20% TCS applicable or not ?

no tcs
.

 

[mojo_jojo123]

after selling RSU from charles schwab / etrade can we directly send money to IBKR and reinvest .. so that no need to worry about USD-> INR charges and 20% TCS ..
how are the charges of Charles schwab personal trading account vs IBKR vs robinhood

 

[aayusharyan]

Indmoney and vested both use drive wealth as US brokers. Drive wealth is a rather new entrant. Better fx rates are possible with indmoney.

IBKR is a very old broker. More trust.

Please share the website of IBKR, I want to try it.

 

[telescope]

Please share the website of IBKR, I want to try it.

Home | Interactive Brokers LLC

Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. Transparent, low commissions and financing rates and support for best execution.

www.interactivebrokers.com

this is the US website

 

[sanarora]

IndMoney vs Vested vs IBKR - which one is best when starting to invest in global markets?

India INXGA (its via IBKR)

 

[telescope]

after selling RSU from charles schwab / etrade can we directly send money to IBKR and reinvest .. so that no need to worry about USD-> INR charges and 20% TCS ..
how are the charges of Charles schwab personal trading account vs IBKR vs robinhood

yes you can send wire.

robinhood account is not available to people outside the US.

schwab is free, and IBKR has very low fees, check their pricing on their website

 

[abhiaj_geek]

India INXGA (its via IBKR)

Yeah this is infact better as we get better rates with kotak bank.

I havent tried this personally yet but definitely will try next FY. The limit of 10L is pathetic!