You would do the TWD to USD conversion before sending to HSBC US. IB does not accept TWD, and it’s unlikely you can store TWD in a HSBC US account.
IBKR can accept Euro or USD. The Euro one is in Germany but it just gets credited to your account all the same, takes a day or two at most.
Converting between currencies on IBKR is really good, fantastic rates.
HSBC TW charges $30USD flat service fee + 1% per trade, plus 0.2% custodian fee per annum.
No point dealing with local banks.
Gonna open IBKR account in case QT implodes in the near future.
I’m thinking about opening an IBKR account and I see they have a referral program that gives the referrer US$200 and the referred person some small amount of IBKR stock.
If anybody wants to refer me, go ahead and DM me the link. ![]()
No Canadian residents though, please (if I’m reading that page above correctly, the IBKR stock part wouldn’t apply).
Edit: Competition closed!
Did you find someone? For some reason I didn’t get a notification for your original post
I’m afraid IBKR is currently the best choice out there as other brokerage charge a very high fee but IBKR is strict on their compliance system, some people failed to open an account in IBKR.
I did, I’m afraid! I signed up and added £10k a few days ago, so @qwert_zuiop should be getting the US$200 at some point. I didn’t do anything else yet, because I’m still in the process of figuring out how this investing thing works. ![]()
I haven’t heard of people having had issues opening accounts with IBKR. If you can ID yourself, have proof of address and fill in the self-declarations truthfully, it should be easy to open an account.
Care to share more?
Step 1: wang it all into some radical bullshit
Step 2: talk about how great it is complete with finger guns
Step 3: sell stock at 40% down and never mention it again.
Step 4: Repeat
LUNR ![]()