🔵 Open your Interactive Brokers account This is my personal broker of choice where I hold the majority of my investments smartmoneywithkai.com/ibkr ⚪ Looking for more details on Interactive Brokers? Read the full review here www.matchmybroker.com/reviews/interactive-brokers
@@DbrosVmaker Hi there, it can be up to $1000 and is basically stock of IBKR since they are stock listed, you can then just keep it or if you prefer sell it and cash out, your choice. Cheers
@@DbrosVmaker it gives you 1 bucks per 100 you put in, it is connected to a affiliate link and if you put in ,,, i think it was 2000 bucks and dont lose it or take it out for a year you support the channel with 200 bucks. i would like to see how to daytrade and not use the TWS as this was just to hard for me to understand. i found the portal also a bit puzzling as im not sure if its doing strange things or if im just doing things wrong. im afraid its not the latter as i cant seem to find information explaining the more detailed buy and selling at a fast pase with IB. you can change the currency at will and only decides the accounts displaying. you can switch when ever. and converting the money in to a usd wallet only charges conversion ones allowing you to trade in dollars without fx costs for the active trader, or just changing investment positions.
Thank you for this presentation. I checked their android app and was really dissapointed. But it seems that the web platform is way much better! I am going to change my broker to IBK soon! Thanks again for making this simple!
Thanks a lot and glad to hear that. Yes, their apps still have a long-way to go, but are getting better over time, but apart from that, really one of the best brokers out there👌
Great video. I’ve just started using IB. Could you do a video or explain the color coding / status colour when placing an order (pending etc). I know there’s descriptions for the status but would be great to have you go through them. Currently using paper trading getting my feet wet.
Hi there, thanks a lot. Not sure what you meant by colours, but probably refer to option trading, which I don't do so there are better people on that topic out there. Here the codes explained by IB www.interactivebrokers.com/en/software/mobileandroid/trade/status-colors.htm Cheers
The API looks very cool and what I find is that this website unlike every other broker I have checked so far is that it doesn't have any trackers on it. The only down side I think many brokers got is that you got to sell your soul in order to make an account. They want to know everything about you before you can do anything.
Hey there! 🌟 You're spot on about the API-it's like the Swiss Army knife of trading tools, isn't it? 🔪🛠️ As for the "soul-selling" part, you're preaching to the choir! 🎤 Brokers these days want to know your life story before you can even say "Buy low, sell high." 📈 It's like going on a first date and being asked about your 5-year plan, your credit score, and your grandma's maiden name-all before the appetizers arrive! 🍤😂 But hey, that's the price of admission in the financial rollercoaster. 🎢 Just make sure you're strapping in for the right ride! 🚀 Cheers
@@SmartMoneywithKai KYC just depresses me because it's hard to answer it all, the info can be used against you and data breaches happen that can leak all of it. It's a guilty until proven innocent approach. You could be the most innocent of people and you'll still need to give them all of the information you got for their mass surveillance because they don't trust you. And now even though I tried to answered it all and agreed to who knows what, in the end I do have an ID but no passport so it might not even be accepted. They also made bank transfers very hard so I'd need to get the only other option that is Wise. The government wants us to trust them while they don't trust us.
Thank you for the tutorial. I find this platform complex. I like you am a long term investor. Question do you ever use limits? or always buy market? Maybe you can do a video on the different ways to buy and sell? Thank you so much
Hi Simone👋 Thanks a lot. Indeed, it is not the most user-friendly platform but once you get used to it, is very powerful and trustworthy👌 You could also try Trading 212 which offers commission-free trading and now also allows transfer of shares in and out of the brokers which is great. I always buy market order to be honest, as I invest long-term I am not too bothered if it goes up or down 2-3%, I just buy every week and want to add stocks to my portfolio so it starts growing my dividend income🚀 Cheers
Hi Kai, i have a question. Whats the Differenz between the Start and the Portfolio? Because it says you are down 1.5k Bit on the „Start“ you are up Money? How?
Hi 👋 Thanks for watching and glad you found the video informative. Let’s break down the main order types in simple terms: Market Order: This is the quickest way to buy or sell a stock. You tell your broker to buy or sell immediately at the current price. Limit Order: With this order, you set the price you want to buy or sell at. The trade will only happen if the stock reaches that price. For example, if you want to buy a stock for $50, but it’s currently $55, the trade will only go through if the price drops to $50 or less. Stop Order (Stop-Loss Order): This helps protect you from big losses. You set a price lower than the current price. If the stock drops to that price, it will automatically sell at the best available price. Stop-Limit Order: This combines a stop order and a limit order. You set a stop price and a limit price. If the stock hits the stop price, it turns into a limit order, meaning it will only sell at your limit price or better. Trailing Stop Order: This is a smart way to lock in profits. You set a trailing amount, either a percentage or a dollar amount, below the stock’s current price. If the stock price goes up, the trailing stop moves up with it. If the stock then drops by that trailing amount, it will sell automatically. I hope this makes it clearer. Cheers, Kai
Hi, yes it though, if you do day-trading, then probably better to use the pro trading platform www.interactivebrokers.com/en/trading/tws.php but I am not familiar with it as I don't do day trading.
Thanks for this video. You said you “did it with Revolut”, talking about portfolio transfers from one broker to another. I know that Revolut doesn’t allow for portfolio transfer from Revolut to another broker. Could you please clarify what you meant? If Revolut allows it now and I don’t know it, please let me know
Hi mate, my pleasure, yes you can, but they will stop it soon due to some changes they recently made. I made a video on it here, you can check it out th-cam.com/video/-k3xSATKoVg/w-d-xo.html Cheers
Hi Ausgapore, great question. So you won't pay any US withholding tax on it and the expense ratio is already factored in. Commission when you buy and tax when you sell and on dividends will be paid by you. Hope this helps. Cheers
Very helpful video. One thing I can't figure out which was not addressed. What does the Dividends figure shown on the home page refer to? Is it future dividends due or maybe dividends received over a period?
Thanks a lot. Those are received dividends that have been paid to you recently and they will then automatically be added to your buying power cash 👌 Cheers
Great video thanks! I have a question. Why did you buy an ETF that is domiciled in Netherlands instead of an ETF that is domiciled in Ireland? Isn't it the case that if you buy an Ireland domiciled you pay less tax as a non-US citizen? Great video thank you!
Thanks a lot 🙌 Just to clarify, I actually bought the VUSA UCITS ETF, which is still domiciled in Ireland for tax efficiency-it’s just listed on the Dutch stock exchange, and I chose to buy it in EUR. Ireland-domiciled ETFs are indeed often tax-efficient for non-US investors due to the reduced withholding tax on US dividends (15% vs. 30%). Buying in EUR on the Dutch exchange was simply a currency and exchange preference, while still benefiting from the Irish domicile’s tax structure. Thanks for pointing that out. Cheers
You're welcome 🙌 To identify if an ETF is domiciled in Ireland, look at the fund’s ISIN code. Irish ETFs generally have ISINs that start with "IE," while U.S.-domiciled ETFs start with "US." On Interactive Brokers, you can typically find this information in the ETF’s details, either in the fund description or under regulatory info. Alternatively, you can check the fund’s official fact sheet or provider’s website for the domicile. Cheers
I actively trade US stocks. Are the US Real-Time Non Consolidated Streaming Quotes that IBKR offers free of charge accurate and sufficient or is it better/necessary to subscribe to the US Equity and Options Add-On Streaming Bundle? What are the advantages and disadvantages between the paid and free real-time IBKR market data version?
Hi there, good question. I don't day-trade so for me there is not point to pay for the latest market data, but if you do day-trade, then probably it does make sense, since timing is of essence. Cheers
thank you so much for the video ! great insights.. I want to start investing with a really small amount, 10 dollars, but I have seen that on Interactive brokers the minimum deposit it 100 dollars, can you recommede another broker ? I was thing maybe XTB ?
My pleasure and glad you enjoyed the video. In this case, you can try either Trade Republic, Trading 212 or my favorite Lightyear, with no minimum deposits and complete commission-free ETF trading. Cheers
Hey, I have a question for you. Recently I opened IBKR account and wanted to buy an accumulating ETF and min investment was 500$. Do you know if it's still the same and is it possible to buy fractions of shares? Thanks!
Excellent video. Very well done. Can you do options trading in an interactive brokers cash account ? like iron butetrflies, iron condors, debit spreads?
Hi there and many thanks, much appreciated🙏 I believe you can, but I'll be honest, since I don't trade options, I would not be the best person to answer that. Cheers
Hi Erik, that's correct, but pretty high requirements to get that. Here is what it says for EU investors: Accounts with a Net Asset Value (NAV) of USD 100,000 (or equivalent) or more are paid yield at the full rate for which they are eligible. Accounts with NAV of less than USD 100,000 (or equivalent) receive yield at rates proportional to the size of the account. There will be no interest paid up to USD 10,000 of cash. For example, an account with a NAV of USD 50,000 earns yield at a rate equal to one-half the rate paid by IBKR to accounts with a NAV of USD 100,000 or more. www.interactivebrokers.hu/en/pricing/cash-yield-enhancement-hu.php So not the most attractive, Lightyear is much better for yield on cash👍 Cheers
Thank you for this. I am really a newbie and have many questions. For example, I have only access into IB web portal but I see that there are more apps like desktop etc., do I need to install those apps? What would be the best way to understand IB?
Hi Carlos, my pleasure and good question, can be a bit confusing. Technically you can login to all those different apps with one account, but the desktop app is only for frequent trader and very messy, don't use it. Just use the web portal and Global Trader app on the phone, that's all you need👍 Cheers
@@SmartMoneywithKai Thanks so much, Kai. That info helps. I was tempted to explore the desktop app but will stick to the web portal knowing that I can buy/sell options from there. I want to focus in options. Do you offer any sort of coaching? investments opportunities? Others? Take care.
@@thinkholisticwellness Great choice👍 I do offer calls cal.com/smartmoneywithkai but don't offer investing advice or recommendations, not a licensed financial advisor, but overall tips & tricks, guidance or anthing else relevant for you where I can help, with pleasure👌Cheers
Great video, a lot of useful information! Thanks for it, Kai! I am curious to discover more of your videos. I also want to buy ETFs and shares to keep (mainly) so I am looking for a good/suitable broker. I am a beginner so I can't manage a difficult platform for now :). I am also searching for info to learn more about these ETFs, what exactly I can buy from Europe, what is the difference between them when they track the same index, and so on.
Hi Katty, thank you so much and glad to hear that. In this case I would recommend you either Lightyear or Trading which are much more user-friendly to start with and don't charge commissions on ETF's. You could have a look at this video for more insights on different ETFs th-cam.com/video/X2rQvB7wzBs/w-d-xo.html Good luck on your investing journey and feel free to drop any questions you have under any of my videos. Cheers
Thanks a lot and my pleasure. I don't trade CFD's so not the expert on that, but you can find more on that topic here www.interactivebrokers.com/en/accounts/fees/overnight-position-fee-europe.php Cheers
If I have euros and want to buy USD stocks do I have to first convert some euros to USD and then buy the USD stocks or is there any automatic currency conversion when sending the order?
Hi, on IB you would have to first convert it. You can either do it on the platform or exchange before and already send it as USD, which is what I do with my Revolut account and then wire it to IB. Cheers
Hallo, kann ich bei allen Börsen, auch die in Singapur oder Korea, Teilaktien kaufen oder gibt es bei den exotischen Börsen Minimum an Aktien die ich kaufen muss.
Hallo Dieter, bei den meisten ja, kann man, Singapur geht, Korea hab ich bei mir zumindest nicht gefunden, aber kannst mal bei dir schauen unter Setting -- Trading Permissions -- Stocks -- Global Fractional Sharing aktivieren. Cheers
Thanks for a great video, but I could not register with your referal link, after 1-2 step, I could not click on "Continue" button...What can you suggest me?
Hi Elshad, thanks a lot, much appreciated. Very strange to hear as it seems to working fine for others. Maybe try another browser? Sometimes I'm also having issues with Chrome, but then it works in Safari or Firefox, might be worth a try. Cheers
Hi kai, I seem to be unable to convert from GBP to USD on interactive brokers (it says FX conversion is not allowed). There is also no option on my settings to change my base currency. Any idea why this is or how to reslove this issue? Thanks
Hi Jack, that's strange. I would have said change your base currency, which I did as well since I faced the same challenge and after changing it worked, but if you don't have that option that's odd. Otherwise you can create a margin account which should also work, though I don't like having margin. Otherwise, definitely reach out to the support to be sure. Good luck 🤞
Thanks for the video. Quite helpful. One quick question, Do you recommend buying the Stocks in Dollars or Eur? I was under the impression that Eur might work better since there is no conversion fee involved (currently reside in Germany) but I think you mentioned that you convert Eur to Dollars in Revolut and then invest in Dollars. What is your thought on this?
Thanks a lot and great question! When living in Germany, investing in Euros can save you the conversion fees, which is smart and cost-effective. However, converting Euros to Dollars via platforms like Revolut allows direct access to U.S. stocks, which could potentially offer better returns given the expansive and dynamic U.S. market. 🇺🇸💰 The minor fee for currency conversion is often overshadowed by the broader range of investment opportunities in the U.S. market. Yet, the preference between investing in Euros or Dollars boils down to personal choice, risk tolerance, and your long-term financial goals. In essence, it's about weighing the immediate savings on conversion fees against the potential gains from a diversified portfolio in the U.S market. The choice is yours to make! 💡 Cheers, Kai
Hi, just pull the statements/annual reports you need and submit to your tax authority, pretty straight forward, but they do not pay the taxes for you, only withholding tax from US stocks is handled by them directly. Cheers
Hi Kelvin, many thanks and much appreciated. Not sure about that to be honest as I've never done that, but I saw a good article here www.ibtws.com/en/trading/orders/trailing-stop-limit.php explaining it on TWS but not sure client portal supports this feature. Cheers
Hi Kai, Thank you for sharing this video. I was a little disappointed when I found out that Revolut charges 0.01% of your total portfolio value every month, as well as 0.25% for every non-free trade. Additionally, every dividend from the US stock market is subject to a 15-40% tax, depending on the user's country of residence. Could you tell us more about the fees in this app? Are there any other hidden fees?"
Hi Jurij, yes, indeed not the best, that's why I don't recommend Revolut for trading and have moved my portfolio to Interactive Brokers. They do have clear commissions on each stock trade which they show you clearly before you buy, though I recommend changing from Fixed to Tiered pricing, much cheaper for lower volume. Otherwise they don't have any inactivity fees or monthly portfolio fees and they have a much better spread price, difference between bid and ask price which is important meaning you get best prices on the instrument you buy. Lastly, the dividend withholding tax you've mentioned is not because of Revolut but US tax laws, which usually comes to 30%, however, IBKR can help you prepare a form W-8 BEN to help you lower that percentage from 30% to 15% if your country allows, which majority of EU countries do. Cheers
@@SmartMoneywithKai You are right. They charged me 15% (notification was up to 30% ...not 40%). Yes. I am aware that tax is not connected with Revolut -> I just wanted to notice (you also mentioned this in your videos) that there are sadly so many hidden fees on trading apps. However Thank you for sharing your experiences with us!
@@jkalinful In case you want zero fees if you trade in EUR, where you can also buy US ETF's and US stocks denominated in EUR all commission free and absolutly no hidden fees, try Lightyear, will do a video on them this week, really started loving this app and definitly the nicest and easiest interface of all. You can use my link and get €10 worth of stock www.golightyear.com/go/kai654 Cheers
Hi Lucy 👋 No, you cannot open multiple individual accounts under the same profile with Interactive Brokers (IBKR). Each individual account is tied to a single user profile. However, you can open a custodial account for your son under your name if he's a minor, or if he's of legal age, he would need to open his own account. If your goal is to manage both accounts, IBKR offers the Family Office structure, which allows you to link multiple accounts under one master account for easier management. Cheers
thanks!! can you drag your orderbox around on the chart like in tradingview in order to get it filled (if its a limit) ? also can you draw take profit/stoploss orders out of that populated buy-limit order box? (or a working order) ? cheers!!
Hi there and my pleasure. Not sure I fully understand your question, seems you are quite the advanced trader:) They do have stop loss orders in place, if you can draw them on the chart not sure to be honest as I never do that, usually that place a market order since I am long-term buy and hold type of investor:) Cheers
@@SmartMoneywithKai great thanks! yeah i put in months of heavy ICT practice now and can bang around on a nasdaq 5 second chart with a high level of accuracy but i am flat broke and going to sell my boat to fund a trading account and i want to make sure i put it in a broker that i can get good discount futures contracts with and i opened an ironbeam account and through tradingview they do not give you the brokers $500 margin contracts but 25% of exchange margin ($4800 for nq). i wanna be able to throw 5k in and be off to the races. thanks again! IB lists their futures margin contracts at $50 so can get real rich or real broke real fast!!! cheers
Hi Chad, definitely Interactive Brokers, which I use as well. If you are just getting started and what a bit simpler one, Lightyear is also a good option👍
Hello Kai, I was wondering if I can use Margin and just take out money from Interactive Brokers to my bank account. The same way Robinhood allows you to do it?
Hi Adrian, from what I understand IB does offer that feature, but since I don't use margin, I wouldn't be the best to confirm that, maybe their support or somebody else here in the community could better answer that. Cheers
Hi Kai great tutorial. If you don't mind me asking a question. I also am considering buying vusa on the weekly throught IBKR but why is there a minimum of 3,00 EUR per transaction? I also have a trading212 account and no fees there. I was expecting the cost to be around 1,00 EUR. Am I doing something wrong?
Hi and thanks a lot. €3 sounds a lot. I think I used to pay €1.35 for my VUSA buys. Try changing from Fixed to Tiered pricing, wait a day and you should see lower fees 👌 Cheers
Hello Kai, Quick question: How much $/€ is protected in saving as a EU citizen using Interactive brokers and Revolut. I can see that Light is up max 20.000€ which is not that much. Best Regards
Hi there, great question, both IBKR (Hungary) & Revolut EU protect your funds up to €100K www.revolut.com/en-DE/legal/deposit-insurance-information/ Yes, Lightyear's €20K is a bit low, but I guess once I hit that number there, I would just have a second and third broker to be on the safe side and be fully protected. Cheers
Hey Kai, I'll move to Switzerland soon and looking for a broker to use there. I found that the swiss brokers are quite expensive and not really good to use in my opinion. My Question now is: Is there a tax assesment intended for the swiss tex authority at InteractiveBrokers? And if so, how expensive is it? Thanks man, greetings
Hey Nils, great question. You're right, Swiss brokers can be pricey and not always user-friendly. With Interactive Brokers (IB), they do not directly handle Swiss tax assessment. However, you can generate tax reports and account statements through their platform that are usually sufficient for Swiss tax authorities. You'd likely need to file taxes with a local accountant who can use these reports to prepare your assessment. There's no extra cost from IB specifically for generating these documents-it’s all included in the standard account features. If you’re moving to Switzerland, IB can be a solid, cost-effective choice compared to local options. Cheers
hello very informative video. is there anyway to search only stocks in euros? in other brokers (flatex or trade republic), it only shows stocks in euro. but here it shows in different currencies. for me it is really confusing and I do not know how much currency conversion charges I have to pay every time to buy stock in for example USD instead of euro.
Hi there, good point, you could disable different marketplaces in the settings to only buy stocks in Europe for example, then you would only see those listed in EUR. But to be honest, after a while you get used to the marketplace names, so when you see the same stock listed in different places, you will see by the abbreviation that it's listed in Frankfrutt for example so it will be in EUR and you will also see that before buying of course. Cheers
@@SmartMoneywithKai thank you very much for reply. how much do i have to pay in charges when i buy stock in USD from euro ? i am afraid that i have to pay conversion fees everytime, whenever i buy in USD. that's why i wanted to buy in euros only.
It costs USD 2 per conversion so you could convert one time a big amount and then just use your USD without any fees. I exchange my EUR to USD on Revolut and then send USD to my IBKR account, cheapest way👌
Can I transfer my IBKR account from Europe to USA. I am living in EU and relocating USA for a job. In my portfolio I have USA ETFs (VUAA and VWCE) bought from EU exchanges. I am wondering can I transfer my IBKR account to USA with ETFs I have?
Hi Nouman, good question, normally from what I read transferring your account from one IBKR devision to another following your move is free and only takes few days, however, are those instruments supported over there? I am not sure and would be best to ask directly to their support via chat, usually they are quite fast to answer. Cheers
If you are fully registered and done the full KYC process you can switch to regular account. If account if not fully registered you will only be allowed to have a paper account. Cheers
Hey Kai, excellent tutorial. Although, still, a lot to learn I've subscribed to your channel. I am considering starting a recurring long-term investment in one of the S&P500 index funds e.g., VANGUARD S&P500. As an example, let's say that I wish to invest 100 $ in VANGUARD S&P500 every month with the aim of getting compounding profits. Practically speaking, how will it work? So, basically, I should deposit 100$ to my IBKR account every month and just buy the VANGUARD S&P500 index fund (at the beginning of every month) and that is it? Will it get compounded on its own? What about dividends? Because I wish to also invest my dividends on top of my 100$ investment every month? Can you explain this briefly, please? Thanks a lot.
Thanks a lot🙌 Yes, absolutely, you've got it! 👍 Investing $100 monthly in VANGUARD's S&P 500 is like planting a financial seed. Each month, add your $100 to your IBKR account and buy the index fund shares. Think of it as setting up a money-growing routine! Here's the cool part: compounding. It's like your money making its own money. As your investment grows, so do your returns. It's a snowball effect! 🌨️💸 About dividends - they're your extra boost. If you reinvest them, which I highly recommend, they'll grow alongside your regular investment. It's like adding fuel to your financial growth engine! 🚀 So, keep it simple: deposit, invest, and reinvest those dividends. Watch your investment grow over time. You're on a great path! 👏💰 Good luck mate. Cheers
@@SmartMoneywithKai I just realized that on IBKR I am (based in Italy) not allowed to buy VOO VANGUARD S&P500 ETF. It says this product requires a KID in English or in a language approved for your country. Do you know what is this issue? And how to overcome it? If not, what other S&P500 index funds could be worth looking into?
Yes, the dreaded KID regulation... The issue you're facing with VOO (Vanguard S&P 500 ETF) is related to European regulations. Let me break it down: 1. Understanding the KID Requirement: KID Stands For: "Key Information Document." It's a European regulatory requirement designed to help investors understand the risks, rewards, and costs of investment products. Why VOO Might Not Be Available: Some US-based ETFs, like VOO, don't provide KIDs in European languages. Because of this, platforms like IBKR restrict their sale to European investors, including those in Italy. 2. Overcoming the Issue: Finding Alternatives: Look for ETFs that comply with European regulations (UCITS compliant). These ETFs provide KIDs and are tailored for European investors. Check with IBKR: They might have a list of alternative ETFs that are available and compliant for investors in Italy. 3. Alternative S&P 500 Index Funds: Vanguard S&P 500 UCITS ETF (VUSA): This is a popular alternative. It's designed to track the S&P 500 and is compliant with European regulations. iShares Core S&P 500 UCITS ETF (CSPX): Another great option that tracks the performance of the S&P 500. Remember, always do your own research before investing. Check the fund's performance, fees, and whether it aligns with your investment goals. Happy weekend. Cheers
I hate Interactive Brokers, they say I have an account with them, but I don't have a username or password... and after 5 days trying to communicate with technical support, social networks, videos on TH-cam where the "Experts" on platforms never answer your questions (but are not afraid to ask for a like and a subscription), I think it is not a good idea to put work my money with them.
Hey there! 🙌 Some strong words. First off, let's get one thing straight - TH-camrs aren't your personal tech support hotline. 📞❌ We're here to share our experiences, not troubleshoot your login woes. I've been singing praises for Interactive Brokers 'cause they've been ace for me. 🌟💼 But hey, just because it's my investing jam doesn't mean it's gotta be yours. If it's not clicking, maybe it's not your vibe. 🤷♂️🎶 Remember, in the investment world, one size definitely doesn't fit all. I put my money where my mouth is with these guys, but you do you. Find a platform that feels like your financial soulmate, not a puzzle you can't solve. 🧩💔 Cheers
@@SmartMoneywithKai Dont get mad, I'm not against you or your colleagues and I have not said that TH-camrs are my "Technical Support" as you mention, please do not put words in my mouth. Have a nice day.
All good mate, not mad at all, just wanted to make sure that I totally hear your frustrations with the platform, which can, happen, while at the same time I am having a good experience and therefore share it with my audience and I never take sponsorships or promote things I don't use myself. So as I said, if you don't like the platform, definitely try something else, so many good one's out there:) Cheers and have a fabulous day👋
@@SmartMoneywithKai You're right, and also I think I wrote a message a bit out of context, although in my mind it was more of a "Satire" rather than a claim, but anyways I apologies. All good mate, I follow you from now on!
@@Aquivoy That's awesome to hear a likewise, maybe via texting sometimes satire can be misunderstood so I totally get you. Cheers and much appreciated🙏
Amazing as always mate. Was that brokerage option that you talked about earlier? 😀 I’m definitely opening an account using your referral link. Thanks for such a great visibility and solid overview!
With the greatest pleasure mate, glad you've enjoyed it. It really is a fantastic platform for building up a serious long-term portfolio, just wished they went completely commission-free like many other brokers, but hopefully soon, the rest is really spot on. In the meantime you can check out Lightyear www.golightyear.com/go/kai654 (You'll get €10 if you fund your account with at least €50) they offer commission-free trading for stocks & ETFs so for people from UK & EU it's a game-changer. Video will follow very soon. Cheers
@@SmartMoneywithKai thanks a lot Kai. Was this platform you mentioned before? I’m definitely waiting for that video, but in the meantime I’ll use this link!!
@@SmartMoneywithKai is the best option buying etf there or interactive broker, because we can’t transfer to other brokerage in Lightyear ? Currently I don’t have other stocks since I have 15% discount on Tesla shares as an employee so basically my only stock holding is Tesla! 😀
Hard to say though I saw on Interactive Brokers the option of selecting Lightyear to transfer stocks so that looks positive and Lightyear said they will allow this soon, so might already be possible if they've listed that. I will continue with both. Lightyear also pays nice interest on your cash sitting in your account if you don't invest it plus commission free vs commission on IBKR. Lightyear protects up to €20K, IBKR up to €100K so I'll use both going forward. Congrats on Tesla discount, that's very handy. I am also not too keen on stock picking anymore, but S&P500 weekly buys set it and forget, you can't go wrong with that👌
@@SmartMoneywithKaiThanks mate, amazing insights. Can’t wait for the video to come out!! By the way, great hustle from your side this year on TH-cam, i really hope that you’ll grow since you put a tons of effort editing videos etc…
Hi, it depends on many factors where you buy, which stock exchange and how much you plan to invest. For example I pay around USD 5 per month for investing USD 2K into the S&P 500 in London, which would be USD 600 in 10 years. Cheers
@@SmartMoneywithKai I plan to invest a minimum of 100 dollars or euros per month to a maximum of 200 dollars or euros for the next 10 years at least. I still don't know which currency is the best to invest in, if you're from Europe, like me. Although the domicile of the etf should be in Europe, say in Ireland.
Hello Parvez, good question, sadly it seems for IPO buys it's not your best pick. From their website it says: IBKR generally does not offer clients the ability to participate in an IPO (Initial Public Offering) of a US company. IBKR may offer the ability for clients to participate in IPOs outside of the US. Such offerings are done on a case by case basis. In the event an IPO is open for clients, please login into Client Portal, click Trade > IPO Subscription. You will be will provided with a list of currently active IPOs. Hope this helps. Cheers
Hi Kai, Great video. Appreciate your efforts put into this. I opened an IB account using your link and have problems to get the welcome shares. IB want me to tell them the name or account in order to provide me the welcome shares. See message below from IB. Can you please help me? Vielen Dank für Ihre Rückmeldung. Um die Welcome Shares zu bekommen, müssen mehrere Voraussetzungen erfüllt sein. Auch, von der Person die empfohlen hat. Das System zeigt mir nicht mehr den Empfehler an. Daher müsste ich das Konto überprüfen ob dort die Voraussetzungen auch weiterhin erfüllt sind. Sollte alles weiterhin erfüllt sein und es sich hiermit um einen technischen Fehler handeln, kann ich dies an die Kollegen weiterleiten, die Ihnen die Shares dann manuell hinzufügen. Daher muss ich wissen, welches Konto sie empfohlen hat.
Hi there, it will show you when you click on preview, but for me it's now usually €1.25 per order which is very reasonable as you also get one of the lowest spreads across different brokers who say they are commission free but charge you more for the purchase price of your stock/ETF. Also, make sure to change to tiered instead of fixed pricing, it will be cheaper. Cheers
@@SmartMoneywithKai Thank you alot for the reply, i watched your video till the end. From what i know ETF"s in general has some taxes once per year or something like that for the service they offer to replicate a certain group of assets. I am not asking about the transaction fees per say, do oyu know something like this?
Ah, I think you are referring to the Expense ratio of an ETF, this should be as low as possible to maximise your returns. VUSA has a 0.07% annual expense ratio which is one of the lowest you can get in Europe. You won't see any of these charges, this is basically netted off on an annual basis by your broker to your total holdings, but since it's such a small amount you probably won't even notice it, we probably spend more on exchange conversion fees:) Hope this helps. Cheers
@@SmartMoneywithKai It really does help, thats what i was curious about. 0.07% is indeed insanely low for a full year. Im new to ibkr and your channel, loving your videos!
Good video! Good morning. I just wanna to know if Ib has got multicurrency accounts. I just wanna to have different currencies and to buy and hold differents companies in different countries with all this currencies what I have got on my "Ib account". Is this possible? Degiro has got €£$. I have understood that Ib pay the real or a near official interest rates of money. It is that true? Thanks and regards.
Muchas gracias🙏Yes, they do support different currencies. You can check them here www.interactivebrokers.co.uk/lib/cstools/faq/#/content/52490649 And yes, they are near market rates, though you will be charged USD 2 per conversion, but if you have a larger amount, it often is still cheaper than most other online exchanges. Cheers
mine is looking nothing like that... i dont have anything... wtf.. its only showing one page where i wait aprroval even in paper trading again only one page i can search i cant do anything......
Hello,i’m from Germany and i want to trade futures, do you think Interactive Brokers is good or should i use another platform? I couldnt find any other platform offering good future contracts. Thanks
Hi there, definitely IB would be a great option for that, though I personally don't trade futures, but you can also look into Trading 212, which offers commission-free trading and you can get up to €100 worth of a free stock when you sign up to it with my link www.trading212.com/invite/16bPQSi5Ld Cheers
Hi Carlos, if you deposit €20 you will receive €20. If your base currency is EUR you can't exchange to USD on IB so you should either change your base currency to USD then you can deposit EUR and exchange on IB pay USD 2 in fee and get the best possible current exchange rate, otherwise, like I do, exchange EUR to USD on Revolut and deposit USD directly to IB via Revolut. Hope this helps. Cheers
@@SmartMoneywithKai My base currency is USD, I want to invest in USD, I was wondering if it's better to do the EUR to USD exchange on Wise or if it's better to do this conversion, in terms of fees, on Interactive Brokers.
@@CarlosPedroche Great. You’ll definitely get better rate on IB but if it’s a small amount the USD 2 conversion fee might eat into your total costs. But I found anything over 1K IB is much better👍
Hi there and yes, absolutely, it's called a fractional share. Most brokers allow that, you could own 0.1 of a share even, really nice especially for expensive shares it can be helpful👍
Guys I’m trying to send money to interactive brokers, but when I send my bank says can’t confirm if the name matches the account details. Is this normal?
Hi there, not sure why that is. Best to just go on IB, click on deposit funds and then copy those details to your sending bank, including reference number, very important and should be the same amount you mentioned on IB deposit page, once done, it should go through easily👌
Hi, they do, but not for all ETF's sadly. Under Profile & Fees you see it, but mostly US ETF's I found. I always check that on justetf com, better for that. Cheers
Dear Kai, First of all, thank you for your amazing and helpful content. May I ask you one question? I cannot see the "Dividend Election" tab in my account settings where I can set my dividends to be automatically reinvested. Is that because of I'm using IB in central Europe? Do you know anything about this? Many thanks for your time in advance.
Dear Daniel, many thanks for your kind words, much appreciated. As I understand you can only DRIP full shares on IB, not fractional, though personally I always reinvest manually as I might want to use the dividends to buy cheaper stocks at the time of pay out instead of the one that paid me the dividend. I also use Dividend Watch as I much prefer this view to see and track all my dividends. Cheers
@@SmartMoneywithKai so you don’t pay income tax on the dividends when they hit your brokerage account right? Only if you take it out of the account? Right?
I just called and spoke to someone super helpful at IB but my biggest concern is .005 cent commission. so on 1,000 shares I'm paying $5 on the buy and $5 on the sell! Not too sure about that. Feedback?
Hi Markus, it's pretty clearly written out, you can find it here www.interactivebrokers.co.uk/en/pricing/commissions-stocks.php?re=amer I would recommend you to change to Tiered Pricing, which is USD 0.35 for US stocks which is super good considering that you get much lower spreads than most other brokers.
and one more question, , for example, when I make a profit, I can realize it and immediately buy another stock without waiting for a day in Turkish stock market because I'm not withdrawing the money, I'm investing it in another stock on the stock market again. So, if I sell my Amazon stock on Interactive Brokers, can I immediately buy another stock?"@@SmartMoneywithKai
Great question. On platforms like Interactive Brokers, when you sell a stock, the funds from that sale generally become available for reinvestment immediately. This is due to the concept of 'unsettled cash,' which still allows you to trade before the funds have fully settled. So, if you sell your Amazon stock, you should be able to buy another stock right away without waiting. Just be mindful of the regulations and the specific terms of your brokerage account to ensure smooth transactions. Cheers
maybe the reason why i cannot buy now is that i changed my account from margin to cash, now it is cash account, maybe thats why i cannot reinvest immediately@@SmartMoneywithKai
Hi👋 Interactive Brokers offers trading on various COMEX precious metal futures and eligible clients can take physical delivery of COMEX silver or gold futures. Physical delivery is in the form of a registered warrant for each futures contract.
Thanks Kai for the great simple video. I started with IBKR a year ago as a small, long-term investor but haven't looked at it until I came across your video. One quick question: I've activated the "DRIP" in the platform and so, following the receipt of an annual gain (say, dividend, or so), I shouldn't touch it because it will automatically reinvests it, doesn't it?? Thanks in advance! Alek
Hi there, thanks a lot and that's correct. If you've enabled it, IB will automatically buy more of the same shares with it, which might be fractional shares in case it's not enough for a full share. In my case I don't have access to drip on IB yet as it's only for few countries. Here a few more insights on this topic www.interactivebrokers.com/lib/cstools/faq/#/content/28226119 Cheers
I opened an account last week and I still can’t find the ETFs. The platform is almost unusable. I have experience with DEGIRO and EToro but this mess is just infuriating.
Hi there, it's definitely not the prettiest interface, but once you get used to it, super powerful. Make sure you enabled your stock permissions for all countries under settings, then you should have full access to all those. Degiro is good but Etoro I would personally stay away despite the nicer interface. Cheers
ok. so whats the point of long term investing if people like the godfather of investing never sells his stocks? he said never sell. but then whats the point? this makes no sense to me. when are you suppose to sell stocks? and if others know they are high, who the hell buys them when you want to sell them? i dont understand how any of this works. its always been a strange thing for me to understand. if i buy stocks at 120 and they sky rocket to 250. arent others also investing and will see its high and wont buy them? so basically i have nothing valuable lol
Hey there please I will advise to first read up on investing first cause clearly respectfully you do lack the basics. When you buy stocks you should buy for two main reason. One to hold and when the value goes up you can sell it thus making the difference, typically done by day traders or short term investors . For long term investors they buy a stock or shear of any company and they are basically owning a piece of the company which give them right to get part of any future profit earning the company makes… this is typically referred to as dividends this are giving by the company periodically meaning over a long time and with reinvesting you makes more money from your investments than having that money in the bank. Thanks
Hi and thanks for you kind comment. Commission change over time and you also have the option of choosing between fixed and tiered commission pricing at IB so it’s not black and white. So given my other videos comparing 10 other brokers I find $0.39 cents commission, a very low commission😉 But you are always welcome to navigate your mouse to the link of IB and check for yourself to make your own judgment. But this is my video and my opinion 😉 Cheers
Hello Dilmurod, many thanks for your kind words, glad it was useful. Will keep that in mind and maybe make a Short about it. But essentially you go to your cash balance, click withdraw and then select you favourite method. Usually it will already have the account there you used to deposit money in the first place👍Cheers
🔵 Open your Interactive Brokers account
This is my personal broker of choice where I hold the majority of my investments
smartmoneywithkai.com/ibkr
⚪ Looking for more details on Interactive Brokers? Read the full review here
www.matchmybroker.com/reviews/interactive-brokers
This question could be dumb, but I' m not clear.What is that $1000 of ibkr. Will I get that money as a investment of mine?
@@DbrosVmaker Hi there, it can be up to $1000 and is basically stock of IBKR since they are stock listed, you can then just keep it or if you prefer sell it and cash out, your choice. Cheers
@@SmartMoneywithKai ah got it. Thanks💫
Can anyone using the link get $1000?@@SmartMoneywithKai
@@DbrosVmaker it gives you 1 bucks per 100 you put in, it is connected to a affiliate link and if you put in ,,, i think it was 2000 bucks and dont lose it or take it out for a year you support the channel with 200 bucks. i would like to see how to daytrade and not use the TWS as this was just to hard for me to understand.
i found the portal also a bit puzzling as im not sure if its doing strange things or if im just doing things wrong. im afraid its not the latter as i cant seem to find information explaining the more detailed buy and selling at a fast pase with IB. you can change the currency at will and only decides the accounts displaying. you can switch when ever. and converting the money in to a usd wallet only charges conversion ones allowing you to trade in dollars without fx costs for the active trader, or just changing investment positions.
Thank you for this presentation. I checked their android app and was really dissapointed. But it seems that the web platform is way much better! I am going to change my broker to IBK soon! Thanks again for making this simple!
Thanks a lot and glad to hear that. Yes, their apps still have a long-way to go, but are getting better over time, but apart from that, really one of the best brokers out there👌
Great video. I’ve just started using IB. Could you do a video or explain the color coding / status colour when placing an order (pending etc). I know there’s descriptions for the status but would be great to have you go through them. Currently using paper trading getting my feet wet.
Hi there, thanks a lot. Not sure what you meant by colours, but probably refer to option trading, which I don't do so there are better people on that topic out there. Here the codes explained by IB www.interactivebrokers.com/en/software/mobileandroid/trade/status-colors.htm Cheers
ty for your help, man. your videos always motivates me
Much appreciated and my pleasure🙏
just the best trader on youtube
Hi Adelia, not sure about that as I don’t really trade, just invest long-term, but thanks anyways😉
The API looks very cool and what I find is that this website unlike every other broker I have checked so far is that it doesn't have any trackers on it.
The only down side I think many brokers got is that you got to sell your soul in order to make an account. They want to know everything about you before you can do anything.
Hey there! 🌟 You're spot on about the API-it's like the Swiss Army knife of trading tools, isn't it? 🔪🛠️
As for the "soul-selling" part, you're preaching to the choir! 🎤 Brokers these days want to know your life story before you can even say "Buy low, sell high." 📈 It's like going on a first date and being asked about your 5-year plan, your credit score, and your grandma's maiden name-all before the appetizers arrive! 🍤😂
But hey, that's the price of admission in the financial rollercoaster. 🎢 Just make sure you're strapping in for the right ride! 🚀 Cheers
@@SmartMoneywithKai KYC just depresses me because it's hard to answer it all, the info can be used against you and data breaches happen that can leak all of it. It's a guilty until proven innocent approach. You could be the most innocent of people and you'll still need to give them all of the information you got for their mass surveillance because they don't trust you.
And now even though I tried to answered it all and agreed to who knows what, in the end I do have an ID but no passport so it might not even be accepted.
They also made bank transfers very hard so I'd need to get the only other option that is Wise. The government wants us to trust them while they don't trust us.
That'a true, but sadly no way around it for the time-being. Hope it'll work out for you eventually. Good luck🤞
I just love to see how many people interested about trading now. It's fabolous!
Fully agreed💯
Hi Kai, good one thanks for the video!
Many thanks 🙌
Thank you for the tutorial. I find this platform complex. I like you am a long term investor. Question do you ever use limits? or always buy market? Maybe you can do a video on the different ways to buy and sell? Thank you so much
Hi Simone👋 Thanks a lot. Indeed, it is not the most user-friendly platform but once you get used to it, is very powerful and trustworthy👌 You could also try Trading 212 which offers commission-free trading and now also allows transfer of shares in and out of the brokers which is great. I always buy market order to be honest, as I invest long-term I am not too bothered if it goes up or down 2-3%, I just buy every week and want to add stocks to my portfolio so it starts growing my dividend income🚀 Cheers
Hi Kai, i have a question. Whats the Differenz between the Start and the Portfolio? Because it says you are down 1.5k Bit on the „Start“ you are up Money? How?
Thank you for the informative video. Can you explain the order types?
Hi 👋
Thanks for watching and glad you found the video informative. Let’s break down the main order types in simple terms:
Market Order: This is the quickest way to buy or sell a stock. You tell your broker to buy or sell immediately at the current price.
Limit Order: With this order, you set the price you want to buy or sell at. The trade will only happen if the stock reaches that price. For example, if you want to buy a stock for $50, but it’s currently $55, the trade will only go through if the price drops to $50 or less.
Stop Order (Stop-Loss Order): This helps protect you from big losses. You set a price lower than the current price. If the stock drops to that price, it will automatically sell at the best available price.
Stop-Limit Order: This combines a stop order and a limit order. You set a stop price and a limit price. If the stock hits the stop price, it turns into a limit order, meaning it will only sell at your limit price or better.
Trailing Stop Order: This is a smart way to lock in profits. You set a trailing amount, either a percentage or a dollar amount, below the stock’s current price. If the stock price goes up, the trailing stop moves up with it. If the stock then drops by that trailing amount, it will sell automatically.
I hope this makes it clearer.
Cheers,
Kai
Hi,
Buying and selling is same way for day trading that you showed in video?
Thank you
Hi, yes it though, if you do day-trading, then probably better to use the pro trading platform www.interactivebrokers.com/en/trading/tws.php but I am not familiar with it as I don't do day trading.
@@SmartMoneywithKai hey Kai, then how do you actually buy a stock and hold it for long term investment, in your video you did was trading right?
@ Hi no I don’t trade. I buy and hold 😉
Thank you very much for this video. Keep up the great work mate! 🤗
Thanks a lot mate, much appreciated🙏
This helped. Thanks so much
Awesome to hear that, thanks🙏
Does Interactive Brokers have the big funds from Vanguard (S&P 500, total US market fund, total international funds,...)?
Yes Sir ✅ Probably the biggest selection of investible assets out there👌
Hi, HOW CAN I SEE MY ALL TRADES HISTORY in IBKR WEB PLATFORM? Thanks in advance!
Hi, you can go to Performance & Reports --> Trade Confirmation and then just select the period and you will see all your trades👋
Thanks for this video. You said you “did it with Revolut”, talking about portfolio transfers from one broker to another. I know that Revolut doesn’t allow for portfolio transfer from Revolut to another broker. Could you please clarify what you meant? If Revolut allows it now and I don’t know it, please let me know
Hi mate, my pleasure, yes you can, but they will stop it soon due to some changes they recently made. I made a video on it here, you can check it out th-cam.com/video/-k3xSATKoVg/w-d-xo.html Cheers
Hi! May I ask for a non-american citizen who buys ireland domiciled etfs, is the unrealised P&L before or after fees(commissions, taxes etc)?
Hi Ausgapore, great question. So you won't pay any US withholding tax on it and the expense ratio is already factored in. Commission when you buy and tax when you sell and on dividends will be paid by you. Hope this helps. Cheers
Very helpful video. One thing I can't figure out which was not addressed. What does the Dividends figure shown on the home page refer to? Is it future dividends due or maybe dividends received over a period?
Thanks a lot. Those are received dividends that have been paid to you recently and they will then automatically be added to your buying power cash 👌 Cheers
Great video thanks! I have a question.
Why did you buy an ETF that is domiciled in Netherlands instead of an ETF that is domiciled in Ireland?
Isn't it the case that if you buy an Ireland domiciled you pay less tax as a non-US citizen?
Great video thank you!
Thanks a lot 🙌 Just to clarify, I actually bought the VUSA UCITS ETF, which is still domiciled in Ireland for tax efficiency-it’s just listed on the Dutch stock exchange, and I chose to buy it in EUR. Ireland-domiciled ETFs are indeed often tax-efficient for non-US investors due to the reduced withholding tax on US dividends (15% vs. 30%).
Buying in EUR on the Dutch exchange was simply a currency and exchange preference, while still benefiting from the Irish domicile’s tax structure. Thanks for pointing that out. Cheers
@@SmartMoneywithKai Thank you for the great explenation! How do you tell that ETF is domiciled in Ireland? Is it written on IBKR? Thanks!
You're welcome 🙌 To identify if an ETF is domiciled in Ireland, look at the fund’s ISIN code. Irish ETFs generally have ISINs that start with "IE," while U.S.-domiciled ETFs start with "US." On Interactive Brokers, you can typically find this information in the ETF’s details, either in the fund description or under regulatory info. Alternatively, you can check the fund’s official fact sheet or provider’s website for the domicile. Cheers
I actively trade US stocks. Are the US Real-Time Non Consolidated Streaming Quotes that IBKR offers free of charge accurate and sufficient or is it better/necessary to subscribe to the US Equity and Options Add-On Streaming Bundle?
What are the advantages and disadvantages between the paid and free real-time IBKR market data version?
Hi there, good question. I don't day-trade so for me there is not point to pay for the latest market data, but if you do day-trade, then probably it does make sense, since timing is of essence. Cheers
Yes off course but aren't the US Real-Time Non Consolidated Streaming Quotes that IBKR offers free of charge accurate and reliable real-time data?
Yes they are but if you pay for it, it's apparently even faster, etc. As I said, I'm not a day-trader so for me I have no need to pay for data.
thank you so much for the video ! great insights.. I want to start investing with a really small amount, 10 dollars, but I have seen that on Interactive brokers the minimum deposit it 100 dollars, can you recommede another broker ? I was thing maybe XTB ?
My pleasure and glad you enjoyed the video. In this case, you can try either Trade Republic, Trading 212 or my favorite Lightyear, with no minimum deposits and complete commission-free ETF trading. Cheers
Hey, I have a question for you. Recently I opened IBKR account and wanted to buy an accumulating ETF and min investment was 500$. Do you know if it's still the same and is it possible to buy fractions of shares? Thanks!
Hi there and yes as far as I am aware nothing has changed and you could set this up👌 Cheers
Excellent video. Very well done. Can you do options trading in an interactive brokers cash account ? like iron butetrflies, iron condors, debit spreads?
Hi there and many thanks, much appreciated🙏 I believe you can, but I'll be honest, since I don't trade options, I would not be the best person to answer that. Cheers
If you just have cash in your account doesnt Interactive brokers pay 4.33 yield on it?
Hi Erik, that's correct, but pretty high requirements to get that. Here is what it says for EU investors:
Accounts with a Net Asset Value (NAV) of USD 100,000 (or equivalent) or more are paid yield at the full rate for which they are eligible. Accounts with NAV of less than USD 100,000 (or equivalent) receive yield at rates proportional to the size of the account. There will be no interest paid up to USD 10,000 of cash.
For example, an account with a NAV of USD 50,000 earns yield at a rate equal to one-half the rate paid by IBKR to accounts with a NAV of USD 100,000 or more.
www.interactivebrokers.hu/en/pricing/cash-yield-enhancement-hu.php
So not the most attractive, Lightyear is much better for yield on cash👍 Cheers
Great Video Bro!! What was your experiance like buying fractional shares?
Thanks a lot mate, much appreciated. I mostly buy fractional shares and it's been a very smooth and seamless experience👌
Thank you for this. I am really a newbie and have many questions. For example, I have only access into IB web portal but I see that there are more apps like desktop etc., do I need to install those apps? What would be the best way to understand IB?
Hi Carlos, my pleasure and good question, can be a bit confusing. Technically you can login to all those different apps with one account, but the desktop app is only for frequent trader and very messy, don't use it. Just use the web portal and Global Trader app on the phone, that's all you need👍 Cheers
@@SmartMoneywithKai Thanks so much, Kai. That info helps. I was tempted to explore the desktop app but will stick to the web portal knowing that I can buy/sell options from there. I want to focus in options. Do you offer any sort of coaching? investments opportunities? Others? Take care.
@@thinkholisticwellness Great choice👍 I do offer calls cal.com/smartmoneywithkai but don't offer investing advice or recommendations, not a licensed financial advisor, but overall tips & tricks, guidance or anthing else relevant for you where I can help, with pleasure👌Cheers
nice vid thanks - why isn't IB a no brainer for most people - the 4.83 % return is not given anywhere else
Hi and yes, that's really amazing, though only on cash over USD 10K. Cheers
Great video, a lot of useful information! Thanks for it, Kai! I am curious to discover more of your videos. I also want to buy ETFs and shares to keep (mainly) so I am looking for a good/suitable broker. I am a beginner so I can't manage a difficult platform for now :). I am also searching for info to learn more about these ETFs, what exactly I can buy from Europe, what is the difference between them when they track the same index, and so on.
Hi Katty, thank you so much and glad to hear that. In this case I would recommend you either Lightyear or Trading which are much more user-friendly to start with and don't charge commissions on ETF's. You could have a look at this video for more insights on different ETFs th-cam.com/video/X2rQvB7wzBs/w-d-xo.html Good luck on your investing journey and feel free to drop any questions you have under any of my videos. Cheers
@@SmartMoneywithKai Thank you for your recommendations! :D I'll check it out!
Thank you for a video. I have a question. Do you pay overnight fee for ETF in Interactive Brokers like in eToro?
Thanks a lot and my pleasure. I don't trade CFD's so not the expert on that, but you can find more on that topic here www.interactivebrokers.com/en/accounts/fees/overnight-position-fee-europe.php Cheers
If I have euros and want to buy USD stocks do I have to first convert some euros to USD and then buy the USD stocks or is there any automatic currency conversion when sending the order?
Hi, on IB you would have to first convert it. You can either do it on the platform or exchange before and already send it as USD, which is what I do with my Revolut account and then wire it to IB. Cheers
Hallo, kann ich bei allen Börsen, auch die in Singapur oder Korea, Teilaktien kaufen oder gibt es bei den exotischen Börsen Minimum an Aktien die ich kaufen muss.
Hallo Dieter, bei den meisten ja, kann man, Singapur geht, Korea hab ich bei mir zumindest nicht gefunden, aber kannst mal bei dir schauen unter Setting -- Trading Permissions -- Stocks -- Global Fractional Sharing aktivieren. Cheers
Thanks for a great video, but I could not register with your referal link, after 1-2 step, I could not click on "Continue" button...What can you suggest me?
Hi Elshad, thanks a lot, much appreciated. Very strange to hear as it seems to working fine for others. Maybe try another browser? Sometimes I'm also having issues with Chrome, but then it works in Safari or Firefox, might be worth a try. Cheers
Hi kai, I seem to be unable to convert from GBP to USD on interactive brokers (it says FX conversion is not allowed). There is also no option on my settings to change my base currency. Any idea why this is or how to reslove this issue? Thanks
Hi Jack, that's strange. I would have said change your base currency, which I did as well since I faced the same challenge and after changing it worked, but if you don't have that option that's odd. Otherwise you can create a margin account which should also work, though I don't like having margin. Otherwise, definitely reach out to the support to be sure. Good luck 🤞
Thanks for the video. Quite helpful. One quick question, Do you recommend buying the Stocks in Dollars or Eur? I was under the impression that Eur might work better since there is no conversion fee involved (currently reside in Germany) but I think you mentioned that you convert Eur to Dollars in Revolut and then invest in Dollars. What is your thought on this?
Thanks a lot and great question! When living in Germany, investing in Euros can save you the conversion fees, which is smart and cost-effective. However, converting Euros to Dollars via platforms like Revolut allows direct access to U.S. stocks, which could potentially offer better returns given the expansive and dynamic U.S. market. 🇺🇸💰
The minor fee for currency conversion is often overshadowed by the broader range of investment opportunities in the U.S. market. Yet, the preference between investing in Euros or Dollars boils down to personal choice, risk tolerance, and your long-term financial goals.
In essence, it's about weighing the immediate savings on conversion fees against the potential gains from a diversified portfolio in the U.S market. The choice is yours to make! 💡
Cheers,
Kai
Makes sense. Thanks a lot for the response.
Does IBKR allow in specie transfers from other platforms?
Hi there, yes, I did a video about this here. Cheers th-cam.com/video/-k3xSATKoVg/w-d-xo.html
Any recommendations on how to handle taxes with IB?
Hi, just pull the statements/annual reports you need and submit to your tax authority, pretty straight forward, but they do not pay the taxes for you, only withholding tax from US stocks is handled by them directly. Cheers
Is interactive broker availble in Australia? And are you able to short stocks on it?
Hi and yes it is, and yes, you can 😉
can you please do one explaining how to perform trailing stops on the client portal?
great vid, new sub...thanks!
Hi Kelvin, many thanks and much appreciated. Not sure about that to be honest as I've never done that, but I saw a good article here www.ibtws.com/en/trading/orders/trailing-stop-limit.php explaining it on TWS but not sure client portal supports this feature. Cheers
Hi Kai, Thank you for sharing this video. I was a little disappointed when I found out that Revolut charges 0.01% of your total portfolio value every month, as well as 0.25% for every non-free trade. Additionally, every dividend from the US stock market is subject to a 15-40% tax, depending on the user's country of residence. Could you tell us more about the fees in this app? Are there any other hidden fees?"
Hi Jurij, yes, indeed not the best, that's why I don't recommend Revolut for trading and have moved my portfolio to Interactive Brokers. They do have clear commissions on each stock trade which they show you clearly before you buy, though I recommend changing from Fixed to Tiered pricing, much cheaper for lower volume. Otherwise they don't have any inactivity fees or monthly portfolio fees and they have a much better spread price, difference between bid and ask price which is important meaning you get best prices on the instrument you buy. Lastly, the dividend withholding tax you've mentioned is not because of Revolut but US tax laws, which usually comes to 30%, however, IBKR can help you prepare a form W-8 BEN to help you lower that percentage from 30% to 15% if your country allows, which majority of EU countries do. Cheers
@@SmartMoneywithKai You are right. They charged me 15% (notification was up to 30% ...not 40%). Yes. I am aware that tax is not connected with Revolut -> I just wanted to notice (you also mentioned this in your videos) that there are sadly so many hidden fees on trading apps.
However Thank you for sharing your experiences with us!
@@jkalinful In case you want zero fees if you trade in EUR, where you can also buy US ETF's and US stocks denominated in EUR all commission free and absolutly no hidden fees, try Lightyear, will do a video on them this week, really started loving this app and definitly the nicest and easiest interface of all. You can use my link and get €10 worth of stock www.golightyear.com/go/kai654 Cheers
Can you have a S&S ISA with IB in UK ? How easy is the log in process? Do they offer trialing stop loss thanks
Can one open 2 accounts with IBKR in the same profile? For example one for me and one for my son?
Hi Lucy 👋 No, you cannot open multiple individual accounts under the same profile with Interactive Brokers (IBKR). Each individual account is tied to a single user profile. However, you can open a custodial account for your son under your name if he's a minor, or if he's of legal age, he would need to open his own account.
If your goal is to manage both accounts, IBKR offers the Family Office structure, which allows you to link multiple accounts under one master account for easier management. Cheers
thanks!! can you drag your orderbox around on the chart like in tradingview in order to get it filled (if its a limit) ? also can you draw take profit/stoploss orders out of that populated buy-limit order box? (or a working order) ? cheers!!
Hi there and my pleasure. Not sure I fully understand your question, seems you are quite the advanced trader:) They do have stop loss orders in place, if you can draw them on the chart not sure to be honest as I never do that, usually that place a market order since I am long-term buy and hold type of investor:) Cheers
@@SmartMoneywithKai great thanks! yeah i put in months of heavy ICT practice now and can bang around on a nasdaq 5 second chart with a high level of accuracy but i am flat broke and going to sell my boat to fund a trading account and i want to make sure i put it in a broker that i can get good discount futures contracts with and i opened an ironbeam account and through tradingview they do not give you the brokers $500 margin contracts but 25% of exchange margin ($4800 for nq). i wanna be able to throw 5k in and be off to the races. thanks again! IB lists their futures margin contracts at $50 so can get real rich or real broke real fast!!! cheers
Hi Bro, can you help me? Do you know why I can't trade forex at trandingview via Interactive Brokers?
Hi mate, sorry, I would not be the best person for that as I use neither Forex nor Tradingview. Cheers
I'm from West Europe
What brokers app do you recommend me for investing into stocks
Hi Chad, definitely Interactive Brokers, which I use as well. If you are just getting started and what a bit simpler one, Lightyear is also a good option👍
Is it possible to transfer a french stock trading account into interactive brokers? great video
Hi there. Many thanks and yes, it’s possible in theory but depends on whether your broker supports stock transfers.
Hello Kai, I was wondering if I can use Margin and just take out money from Interactive Brokers to my bank account. The same way Robinhood allows you to do it?
Hi Adrian, from what I understand IB does offer that feature, but since I don't use margin, I wouldn't be the best to confirm that, maybe their support or somebody else here in the community could better answer that. Cheers
Is interactive broker for futures trading not optimal ? Does it still not use tick by tick data ?
Hi there, as I don’t trade futures, I wouldn’t be the best person to answer you. Cheers
Hey! How long does it take to do a currency conversion? And is it their a portal in which we can keep track of the conversion and their status?
Hi, conversion is instant and you will see it on the website or their app, no need for any extra portal👍
Hi can I invest in IB if I live in Serbia
Thank you
Absolutely, it is available in Serbia 👌 Cheers
Hi Kai great tutorial. If you don't mind me asking a question. I also am considering buying vusa on the weekly throught IBKR but why is there a minimum of 3,00 EUR per transaction? I also have a trading212 account and no fees there. I was expecting the cost to be around 1,00 EUR. Am I doing something wrong?
Hi and thanks a lot. €3 sounds a lot. I think I used to pay €1.35 for my VUSA buys. Try changing from Fixed to Tiered pricing, wait a day and you should see lower fees 👌 Cheers
@@SmartMoneywithKai thanks for the tip. I will definitely try that.
whats the trading time in canada? can you day trade at 4 am in canada
Hi, you can check this here stockanalysis.com/article/stock-market-hours/
Hello Kai,
Quick question:
How much $/€ is protected in saving as a EU citizen using Interactive brokers and Revolut.
I can see that Light is up max 20.000€ which is not that much.
Best Regards
Hi there, great question, both IBKR (Hungary) & Revolut EU protect your funds up to €100K www.revolut.com/en-DE/legal/deposit-insurance-information/ Yes, Lightyear's €20K is a bit low, but I guess once I hit that number there, I would just have a second and third broker to be on the safe side and be fully protected. Cheers
What platform can i use to trade cryptos .Binance is banned in northern America
Probably not many left due to US regulations, but Coinbase for now should be a working solution for you. Cheers
How do you place a stoploss in the web portal?
Just click on buy and then under order type change it from market to stop limit order 👌 Cheers
@@SmartMoneywithKai Thanks
Hey Kai,
I'll move to Switzerland soon and looking for a broker to use there.
I found that the swiss brokers are quite expensive and not really good to use in my opinion.
My Question now is: Is there a tax assesment intended for the swiss tex authority at InteractiveBrokers? And if so, how expensive is it?
Thanks man, greetings
Hey Nils, great question.
You're right, Swiss brokers can be pricey and not always user-friendly. With Interactive Brokers (IB), they do not directly handle Swiss tax assessment. However, you can generate tax reports and account statements through their platform that are usually sufficient for Swiss tax authorities.
You'd likely need to file taxes with a local accountant who can use these reports to prepare your assessment. There's no extra cost from IB specifically for generating these documents-it’s all included in the standard account features.
If you’re moving to Switzerland, IB can be a solid, cost-effective choice compared to local options. Cheers
hello very informative video. is there anyway to search only stocks in euros? in other brokers (flatex or trade republic), it only shows stocks in euro. but here it shows in different currencies. for me it is really confusing and I do not know how much currency conversion charges I have to pay every time to buy stock in for example USD instead of euro.
Hi there, good point, you could disable different marketplaces in the settings to only buy stocks in Europe for example, then you would only see those listed in EUR. But to be honest, after a while you get used to the marketplace names, so when you see the same stock listed in different places, you will see by the abbreviation that it's listed in Frankfrutt for example so it will be in EUR and you will also see that before buying of course. Cheers
@@SmartMoneywithKai thank you very much for reply. how much do i have to pay in charges when i buy stock in USD from euro ? i am afraid that i have to pay conversion fees everytime, whenever i buy in USD. that's why i wanted to buy in euros only.
It costs USD 2 per conversion so you could convert one time a big amount and then just use your USD without any fees. I exchange my EUR to USD on Revolut and then send USD to my IBKR account, cheapest way👌
@@SmartMoneywithKai yes. i think that's the best way to do it.
Can I transfer my IBKR account from Europe to USA. I am living in EU and relocating USA for a job. In my portfolio I have USA ETFs (VUAA and VWCE) bought from EU exchanges. I am wondering can I transfer my IBKR account to USA with ETFs I have?
Hi Nouman, good question, normally from what I read transferring your account from one IBKR devision to another following your move is free and only takes few days, however, are those instruments supported over there? I am not sure and would be best to ask directly to their support via chat, usually they are quite fast to answer. Cheers
Hello, it says it is not brokerage acc and it is paper trading acc. Am i doing the right thing?
If you are fully registered and done the full KYC process you can switch to regular account. If account if not fully registered you will only be allowed to have a paper account. Cheers
Interactive brokers going with options trading?
Hi Patel, no I don't do options trading, mostly buy and hold dividend stocks. Cheers
Hey Kai, excellent tutorial. Although, still, a lot to learn I've subscribed to your channel. I am considering starting a recurring long-term investment in one of the S&P500 index funds e.g., VANGUARD S&P500. As an example, let's say that I wish to invest 100 $ in VANGUARD S&P500 every month with the aim of getting compounding profits. Practically speaking, how will it work? So, basically, I should deposit 100$ to my IBKR account every month and just buy the VANGUARD S&P500 index fund (at the beginning of every month) and that is it? Will it get compounded on its own? What about dividends? Because I wish to also invest my dividends on top of my 100$ investment every month? Can you explain this briefly, please? Thanks a lot.
Thanks a lot🙌 Yes, absolutely, you've got it! 👍 Investing $100 monthly in VANGUARD's S&P 500 is like planting a financial seed. Each month, add your $100 to your IBKR account and buy the index fund shares. Think of it as setting up a money-growing routine!
Here's the cool part: compounding. It's like your money making its own money. As your investment grows, so do your returns. It's a snowball effect! 🌨️💸
About dividends - they're your extra boost. If you reinvest them, which I highly recommend, they'll grow alongside your regular investment. It's like adding fuel to your financial growth engine! 🚀
So, keep it simple: deposit, invest, and reinvest those dividends. Watch your investment grow over time. You're on a great path! 👏💰
Good luck mate. Cheers
@@SmartMoneywithKai I just realized that on IBKR I am (based in Italy) not allowed to buy VOO VANGUARD S&P500 ETF. It says this product requires a KID in English or in a language approved for your country. Do you know what is this issue? And how to overcome it?
If not, what other S&P500 index funds could be worth looking into?
Yes, the dreaded KID regulation...
The issue you're facing with VOO (Vanguard S&P 500 ETF) is related to European regulations. Let me break it down:
1. Understanding the KID Requirement:
KID Stands For: "Key Information Document." It's a European regulatory requirement designed to help investors understand the risks, rewards, and costs of investment products.
Why VOO Might Not Be Available: Some US-based ETFs, like VOO, don't provide KIDs in European languages. Because of this, platforms like IBKR restrict their sale to European investors, including those in Italy.
2. Overcoming the Issue:
Finding Alternatives: Look for ETFs that comply with European regulations (UCITS compliant). These ETFs provide KIDs and are tailored for European investors.
Check with IBKR: They might have a list of alternative ETFs that are available and compliant for investors in Italy.
3. Alternative S&P 500 Index Funds:
Vanguard S&P 500 UCITS ETF (VUSA): This is a popular alternative. It's designed to track the S&P 500 and is compliant with European regulations.
iShares Core S&P 500 UCITS ETF (CSPX): Another great option that tracks the performance of the S&P 500.
Remember, always do your own research before investing. Check the fund's performance, fees, and whether it aligns with your investment goals.
Happy weekend. Cheers
@@SmartMoneywithKai Thankyou very much.
Can tou go into drawdown after buying a share??
Like loose the 1k u bought with and go to drawdown for example of -2k?
If you used leverage or margin yes, if you invest via cash account then only the money you invested. Cheers
Make a video of how to day trade plz 🙏
Hi, sorry but I don't day-trade so I would be the wrong person to talk about that. Cheers
Hi
Thank you for you r very good clip . Do you know if I can live trade with IBKR from Sweden ?
Thanks a lot 🙏 And yes, absolutely, you can use Interactive Brokers in Sweden 👌 Cheers
I hate Interactive Brokers, they say I have an account with them, but I don't have a username or password... and after 5 days trying to communicate with technical support, social networks, videos on TH-cam where the "Experts" on platforms never answer your questions (but are not afraid to ask for a like and a subscription), I think it is not a good idea to put work my money with them.
Hey there! 🙌 Some strong words. First off, let's get one thing straight - TH-camrs aren't your personal tech support hotline. 📞❌ We're here to share our experiences, not troubleshoot your login woes. I've been singing praises for Interactive Brokers 'cause they've been ace for me. 🌟💼
But hey, just because it's my investing jam doesn't mean it's gotta be yours. If it's not clicking, maybe it's not your vibe. 🤷♂️🎶 Remember, in the investment world, one size definitely doesn't fit all. I put my money where my mouth is with these guys, but you do you. Find a platform that feels like your financial soulmate, not a puzzle you can't solve. 🧩💔 Cheers
@@SmartMoneywithKai Dont get mad, I'm not against you or your colleagues and I have not said that TH-camrs are my "Technical Support" as you mention, please do not put words in my mouth. Have a nice day.
All good mate, not mad at all, just wanted to make sure that I totally hear your frustrations with the platform, which can, happen, while at the same time I am having a good experience and therefore share it with my audience and I never take sponsorships or promote things I don't use myself. So as I said, if you don't like the platform, definitely try something else, so many good one's out there:) Cheers and have a fabulous day👋
@@SmartMoneywithKai You're right, and also I think I wrote a message a bit out of context, although in my mind it was more of a "Satire" rather than a claim, but anyways I apologies. All good mate, I follow you from now on!
@@Aquivoy That's awesome to hear a likewise, maybe via texting sometimes satire can be misunderstood so I totally get you. Cheers and much appreciated🙏
Useful n thx a ton.
Great to hear that🙌
Amazing as always mate. Was that brokerage option that you talked about earlier? 😀
I’m definitely opening an account using your referral link. Thanks for such a great visibility and solid overview!
With the greatest pleasure mate, glad you've enjoyed it. It really is a fantastic platform for building up a serious long-term portfolio, just wished they went completely commission-free like many other brokers, but hopefully soon, the rest is really spot on. In the meantime you can check out Lightyear www.golightyear.com/go/kai654 (You'll get €10 if you fund your account with at least €50) they offer commission-free trading for stocks & ETFs so for people from UK & EU it's a game-changer. Video will follow very soon. Cheers
@@SmartMoneywithKai thanks a lot Kai. Was this platform you mentioned before? I’m definitely waiting for that video, but in the meantime I’ll use this link!!
@@SmartMoneywithKai is the best option buying etf there or interactive broker, because we can’t transfer to other brokerage in Lightyear ? Currently I don’t have other stocks since I have 15% discount on Tesla shares as an employee so basically my only stock holding is Tesla! 😀
Hard to say though I saw on Interactive Brokers the option of selecting Lightyear to transfer stocks so that looks positive and Lightyear said they will allow this soon, so might already be possible if they've listed that. I will continue with both. Lightyear also pays nice interest on your cash sitting in your account if you don't invest it plus commission free vs commission on IBKR. Lightyear protects up to €20K, IBKR up to €100K so I'll use both going forward. Congrats on Tesla discount, that's very handy. I am also not too keen on stock picking anymore, but S&P500 weekly buys set it and forget, you can't go wrong with that👌
@@SmartMoneywithKaiThanks mate, amazing insights. Can’t wait for the video to come out!! By the way, great hustle from your side this year on TH-cam, i really hope that you’ll grow since you put a tons of effort editing videos etc…
I am from Europe, and I want to invest in snp index 500 for a period of 10-15 years. How much commission can I expect on IB ?
Hi, it depends on many factors where you buy, which stock exchange and how much you plan to invest. For example I pay around USD 5 per month for investing USD 2K into the S&P 500 in London, which would be USD 600 in 10 years. Cheers
@@SmartMoneywithKai I plan to invest a minimum of 100 dollars or euros per month to a maximum of 200 dollars or euros for the next 10 years at least. I still don't know which currency is the best to invest in, if you're from Europe, like me. Although the domicile of the etf should be in Europe, say in Ireland.
I would say for you better to invest in your native currency i.e. EUR to avoid FX fees 👌
@@SmartMoneywithKai Yes, you are right.
Hi great video.Can You tading w leverage?
Hi there, many thanks, much appreciated. Yes, you can, but I don't😉 Cheers
@@SmartMoneywithKai thank you
Hello sir what about IPO/pre IPO USA.....can we buy......?
Hello Parvez, good question, sadly it seems for IPO buys it's not your best pick. From their website it says:
IBKR generally does not offer clients the ability to participate in an IPO (Initial Public Offering) of a US company.
IBKR may offer the ability for clients to participate in IPOs outside of the US. Such offerings are done on a case by case basis.
In the event an IPO is open for clients, please login into Client Portal, click Trade > IPO Subscription. You will be will provided with a list of currently active IPOs.
Hope this helps. Cheers
Hi Kai, Great video. Appreciate your efforts put into this. I opened an IB account using your link and have problems to get the welcome shares. IB want me to tell them the name or account in order to provide me the welcome shares. See message below from IB. Can you please help me?
Vielen Dank für Ihre Rückmeldung.
Um die Welcome Shares zu bekommen, müssen mehrere Voraussetzungen erfüllt sein. Auch, von der Person die empfohlen hat. Das System zeigt mir nicht mehr den Empfehler an. Daher müsste ich das Konto überprüfen ob dort die Voraussetzungen auch weiterhin erfüllt sind. Sollte alles weiterhin erfüllt sein und es sich hiermit um einen technischen Fehler handeln, kann ich dies an die Kollegen weiterleiten, die Ihnen die Shares dann manuell hinzufügen.
Daher muss ich wissen, welches Konto sie empfohlen hat.
Hi Alberto, no worries at all, I will send it to you via email. Cheers
How can i actually find the fees for VUSA ?
Hi there, it will show you when you click on preview, but for me it's now usually €1.25 per order which is very reasonable as you also get one of the lowest spreads across different brokers who say they are commission free but charge you more for the purchase price of your stock/ETF. Also, make sure to change to tiered instead of fixed pricing, it will be cheaper. Cheers
@@SmartMoneywithKai Thank you alot for the reply, i watched your video till the end. From what i know ETF"s in general has some taxes once per year or something like that for the service they offer to replicate a certain group of assets. I am not asking about the transaction fees per say, do oyu know something like this?
Ah, I think you are referring to the Expense ratio of an ETF, this should be as low as possible to maximise your returns. VUSA has a 0.07% annual expense ratio which is one of the lowest you can get in Europe. You won't see any of these charges, this is basically netted off on an annual basis by your broker to your total holdings, but since it's such a small amount you probably won't even notice it, we probably spend more on exchange conversion fees:) Hope this helps. Cheers
@@SmartMoneywithKai It really does help, thats what i was curious about. 0.07% is indeed insanely low for a full year. Im new to ibkr and your channel, loving your videos!
@@SAVANTSTRADING So glad to hear that🙏
Good video!
Good morning. I just wanna to know if Ib has got multicurrency accounts. I just wanna to have different currencies and to buy and hold differents companies in different countries with all this currencies what I have got on my "Ib account". Is this possible? Degiro has got €£$. I have understood that Ib pay the real or a near official interest rates of money. It is that true? Thanks and regards.
Muchas gracias🙏Yes, they do support different currencies. You can check them here www.interactivebrokers.co.uk/lib/cstools/faq/#/content/52490649 And yes, they are near market rates, though you will be charged USD 2 per conversion, but if you have a larger amount, it often is still cheaper than most other online exchanges. Cheers
@@SmartMoneywithKai Thanks for you reply. 👍👏👏👏
mine is looking nothing like that... i dont have anything... wtf.. its only showing one page where i wait aprroval even in paper trading again only one page i can search i cant do anything......
Hi, did you connect IBKR to trading view or not
Hi, no, it comes automatically with the broker 👌
Is it possible cant subscribe fractional quantity trading in simulated account?
Hi, not sure about it as I have not used paper trading account, but in the real account you can, but need to enable it under settings 👌
Hello,i’m from Germany and i want to trade futures, do you think Interactive Brokers is good or should i use another platform? I couldnt find any other platform offering good future contracts. Thanks
Hi there, definitely IB would be a great option for that, though I personally don't trade futures, but you can also look into Trading 212, which offers commission-free trading and you can get up to €100 worth of a free stock when you sign up to it with my link www.trading212.com/invite/16bPQSi5Ld Cheers
@@SmartMoneywithKai Thanks mate,will look into it. Cheers
ibkr minimum contract for nq is around 20k lol im late here
Hello Kai, for example, if I deposit 20 EUR, how many USD will I receive?
Hi Carlos, if you deposit €20 you will receive €20. If your base currency is EUR you can't exchange to USD on IB so you should either change your base currency to USD then you can deposit EUR and exchange on IB pay USD 2 in fee and get the best possible current exchange rate, otherwise, like I do, exchange EUR to USD on Revolut and deposit USD directly to IB via Revolut. Hope this helps. Cheers
@@SmartMoneywithKai My base currency is USD, I want to invest in USD, I was wondering if it's better to do the EUR to USD exchange on Wise or if it's better to do this conversion, in terms of fees, on Interactive Brokers.
@@CarlosPedroche Great. You’ll definitely get better rate on IB but if it’s a small amount the USD 2 conversion fee might eat into your total costs. But I found anything over 1K IB is much better👍
Wait what, I can buy
Hi there and yes, absolutely, it's called a fractional share. Most brokers allow that, you could own 0.1 of a share even, really nice especially for expensive shares it can be helpful👍
@@SmartMoneywithKai wow!
Guys I’m trying to send money to interactive brokers, but when I send my bank says can’t confirm if the name matches the account details. Is this normal?
Hi there, not sure why that is. Best to just go on IB, click on deposit funds and then copy those details to your sending bank, including reference number, very important and should be the same amount you mentioned on IB deposit page, once done, it should go through easily👌
Hey, how about custody fees?
There are none😉
Why does IBK do not display the expense ratio of any ETF?
Hi, they do, but not for all ETF's sadly. Under Profile & Fees you see it, but mostly US ETF's I found. I always check that on justetf com, better for that. Cheers
Dear Kai,
First of all, thank you for your amazing and helpful content. May I ask you one question?
I cannot see the "Dividend Election" tab in my account settings where I can set my dividends to be automatically reinvested. Is that because of I'm using IB in central Europe? Do you know anything about this? Many thanks for your time in advance.
Dear Daniel, many thanks for your kind words, much appreciated. As I understand you can only DRIP full shares on IB, not fractional, though personally I always reinvest manually as I might want to use the dividends to buy cheaper stocks at the time of pay out instead of the one that paid me the dividend. I also use Dividend Watch as I much prefer this view to see and track all my dividends. Cheers
@@SmartMoneywithKai Thanks a bunch Kai!
My pleasure👍
@@SmartMoneywithKai so you don’t pay income tax on the dividends when they hit your brokerage account right? Only if you take it out of the account? Right?
Also does Dividend Watch support Interactive Brokers? It's not on their list on the website...
Excelente video, gracias por la información.
Hi Carlos, many thanks and glad you've enjoyed it. Muchas gracias😉
can someone tell me minimum amount to trade on ibkr?
I tried once with €10 and it worked but would not suggest less as otherwise commissions are really eating into your investments. Cheers
I just called and spoke to someone super helpful at IB but my biggest concern is .005 cent commission. so on 1,000 shares I'm paying $5 on the buy and $5 on the sell! Not too sure about that. Feedback?
Hi Markus, it's pretty clearly written out, you can find it here www.interactivebrokers.co.uk/en/pricing/commissions-stocks.php?re=amer I would recommend you to change to Tiered Pricing, which is USD 0.35 for US stocks which is super good considering that you get much lower spreads than most other brokers.
@@SmartMoneywithKai thx for the fast reply!
My pleasure, anytime💯
Where is stop loss order in tws?
Hi, I don't use TWS, just app and web portal 👌
Why you don't use tws?
I'm a long-term investor, so for me no need to use this overwhelming platform, prefer doing it on the web or app 😉
When you say app it is mobile?
@@darkomarkovic7323 yes, Global Trader app👌
How do you get the payouts?
Hi Kendal, Dividends are paid right into your IB holdings account and you can then choose to reinvest them or withdraw them to your bank account.
how do we get dividens? every year?
Hi depends on which dividend stocks you buy, some pay monthly, most US pay quarterly, European's often pay yearly 👌 Cheers
and one more question, , for example, when I make a profit, I can realize it and immediately buy another stock without waiting for a day in Turkish stock market because I'm not withdrawing the money, I'm investing it in another stock on the stock market again. So, if I sell my Amazon stock on Interactive Brokers, can I immediately buy another stock?"@@SmartMoneywithKai
Great question. On platforms like Interactive Brokers, when you sell a stock, the funds from that sale generally become available for reinvestment immediately. This is due to the concept of 'unsettled cash,' which still allows you to trade before the funds have fully settled. So, if you sell your Amazon stock, you should be able to buy another stock right away without waiting. Just be mindful of the regulations and the specific terms of your brokerage account to ensure smooth transactions. Cheers
thanks for the reply, but it didnt become available for reinvestment
, i am still waiting@@SmartMoneywithKai
maybe the reason why i cannot buy now is that i changed my account from margin to cash, now it is cash account, maybe thats why i cannot reinvest immediately@@SmartMoneywithKai
Can I trade gold therein?
Hi👋 Interactive Brokers offers trading on various COMEX precious metal futures and eligible clients can take physical delivery of COMEX silver or gold futures. Physical delivery is in the form of a registered warrant for each futures contract.
Sir I am in Papua New Guinea, a Pacific Island just north of Australia. Am I able to invest using Interactive Broker? Appreciate your response
Hi and yes, Papua New Guinea is covered by Interactive Brokers 👌 Cheers
@@SmartMoneywithKai thankyou for the response. Since my local currency is not on Interactive Broker, maybe I'll use US dollar, I guess.
My pleasure and yes, I guess that would make sense 👍
Thanks
Thanks Kai for the great simple video. I started with IBKR a year ago as a small, long-term investor but haven't looked at it until I came across your video. One quick question: I've activated the "DRIP" in the platform and so, following the receipt of an annual gain (say, dividend, or so), I shouldn't touch it because it will automatically reinvests it, doesn't it?? Thanks in advance! Alek
Hi there, thanks a lot and that's correct. If you've enabled it, IB will automatically buy more of the same shares with it, which might be fractional shares in case it's not enough for a full share. In my case I don't have access to drip on IB yet as it's only for few countries. Here a few more insights on this topic www.interactivebrokers.com/lib/cstools/faq/#/content/28226119 Cheers
I opened an account last week and I still can’t find the ETFs. The platform is almost unusable. I have experience with DEGIRO and EToro but this mess is just infuriating.
Hi there, it's definitely not the prettiest interface, but once you get used to it, super powerful. Make sure you enabled your stock permissions for all countries under settings, then you should have full access to all those. Degiro is good but Etoro I would personally stay away despite the nicer interface. Cheers
powerful video
Thanks a lot Bruno, really appreciate that 🙌
ok. so whats the point of long term investing if people like the godfather of investing never sells his stocks? he said never sell. but then whats the point? this makes no sense to me. when are you suppose to sell stocks? and if others know they are high, who the hell buys them when you want to sell them? i dont understand how any of this works. its always been a strange thing for me to understand. if i buy stocks at 120 and they sky rocket to 250. arent others also investing and will see its high and wont buy them? so basically i have nothing valuable lol
Hey there please I will advise to first read up on investing first cause clearly respectfully you do lack the basics. When you buy stocks you should buy for two main reason. One to hold and when the value goes up you can sell it thus making the difference, typically done by day traders or short term investors . For long term investors they buy a stock or shear of any company and they are basically owning a piece of the company which give them right to get part of any future profit earning the company makes… this is typically referred to as dividends this are giving by the company periodically meaning over a long time and with reinvesting you makes more money from your investments than having that money in the bank.
Thanks
Nice video .
Keep it up
Much appreciated Harold🙏
Will do✅
Instead of writing lowest commission why not write down commission rate and let us decide if they are low or high
Hi and thanks for you kind comment. Commission change over time and you also have the option of choosing between fixed and tiered commission pricing at IB so it’s not black and white. So given my other videos comparing 10 other brokers I find $0.39 cents commission, a very low commission😉 But you are always welcome to navigate your mouse to the link of IB and check for yourself to make your own judgment. But this is my video and my opinion 😉 Cheers
@@SmartMoneywithKai $0.39 per trade or per $100?
@@jalajdurve On US Stocks on tiered pricing per trade only $0.35 cents actually www.interactivebrokers.co.uk/en/pricing/commissions-stocks.php?re=amer
@@SmartMoneywithKai thanks
@@jalajdurve My pleasure👍
Hello Kai, first of all thank you for very useful videos bro can you make video how to withdraw step by step thanks again
Hello Dilmurod, many thanks for your kind words, glad it was useful. Will keep that in mind and maybe make a Short about it. But essentially you go to your cash balance, click withdraw and then select you favourite method. Usually it will already have the account there you used to deposit money in the first place👍Cheers
thanks!
4:29 : That's funny to see the BTC at 27 K euros
Good old times 😉 One day we will say the same when BTC used to be at 100K👌