What's the best online method to Wire Transfer to INTERACTIVE BROKERS? - futures io
futures io futures trading



What's the best online method to Wire Transfer to INTERACTIVE BROKERS?


Discussion in Brokers

Updated by mrburns
      Top Posters
    1. looks_one mrburns with 12 posts (3 thanks)
    2. looks_two Etisan with 4 posts (0 thanks)
    3. looks_3 Mich62 with 3 posts (1 thanks)
    4. looks_4 matthew28 with 3 posts (1 thanks)
      Best Posters
    1. looks_one bobwest with 4.0 thanks per post
    2. looks_two mrburns with 0.3 thanks per post
    3. looks_3 Mich62 with 0.3 thanks per post
    4. looks_4 matthew28 with 0.3 thanks per post
    1. trending_up 3,036 views
    2. thumb_up 9 thanks given
    3. group 5 followers
    1. forum 25 replies
    2. attach_file 5 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

What's the best online method to Wire Transfer to INTERACTIVE BROKERS?

(login for full post details)
  #1 (permalink)
Tokushima, Japan
 
Experience: Beginner
Platform: Tradovate + Tradingview
Trading: Futures + Stocks
 
forestcall's Avatar
 
Posts: 57 since Jun 2020
Thanks: 65 given, 85 received

Hello Futures.io People! :-)

What is the best online method to wire transfer money to https://www.interactivebrokers.com/

Here are a few I found but have not tested.

https://transferwise.com/
https://www.worldremit.com/

Follow me on Twitter Visit my Facebook Reply With Quote

Can you help answer these questions
from other members on futures io?
Market Replay and Fills (Denali data)
Sierra Chart
Delta PVP ( POC )
MultiCharts
Chart on TV, what platform is best for swing order entries?
Traders Hideout
Convert H Data TS to NT
NinjaTrader
converting useful Pine Script into Multicharts code
EasyLanguage Programming
 
 
(login for full post details)
  #2 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,157 since Jan 2013
Thanks: 46,934 given, 20,619 received


forestcall View Post
Hello Futures.io People! :-)

What is the best online method to wire transfer money to https://www.interactivebrokers.com/

Here are a few I found but have not tested.

https://transferwise.com/
https://www.worldremit.com/

You really need to contact IB for a question like this. Suppose someone gives you their answer, and it's wrong? IB will be able to tell you how to wire them and the wire instructions, and really only them. They are the ones who have to receive the money, after all, and it has to be the way they are prepared to receive it.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to bobwest for this post:
 
(login for full post details)
  #3 (permalink)
Tokushima, Japan
 
Experience: Beginner
Platform: Tradovate + Tradingview
Trading: Futures + Stocks
 
forestcall's Avatar
 
Posts: 57 since Jun 2020
Thanks: 65 given, 85 received


Thanks Bob -

I was just curious if people had used any of the services to wire instead of a bank.

I just went ahead with a bank, like I always do.

Cheers ~


bobwest View Post
You really need to contact IB for a question like this. Suppose someone gives you their answer, and it's wrong? IB will be able to tell you how to wire them and the wire instructions, and really only them. They are the ones who have to receive the money, after all, and it has to be the way they are prepared to receive it.

Bob.


Follow me on Twitter Visit my Facebook Reply With Quote
 
(login for full post details)
  #4 (permalink)
Prague, Czechia
 
 
Posts: 20 since Jul 2020
Thanks: 17 given, 8 received


forestcall View Post
Thanks Bob -

I was just curious if people had used any of the services to wire instead of a bank.

I just went ahead with a bank, like I always do.

Cheers ~

Living in EU I've been using transferwise (US account) several times as well as SEPA and local currency (Czech Crowns) wire transfers to IB UK and did not experience any issue.

Sent using the futures.io mobile app

Reply With Quote
The following 2 users say Thank You to mrburns for this post:
 
(login for full post details)
  #5 (permalink)
Tokushima, Japan
 
Experience: Beginner
Platform: Tradovate + Tradingview
Trading: Futures + Stocks
 
forestcall's Avatar
 
Posts: 57 since Jun 2020
Thanks: 65 given, 85 received

Great thanks for the feedback!!!

Recently made the mistake of using my wifes bank and the money was sent back. Might go with Transferwise soon.....

Thanks!


mrburns View Post
Living in EU I've been using transferwise (US account) several times as well as SEPA and local currency (Czech Crowns) wire transfers to IB UK and did not experience any issue.

Sent using the futures.io mobile app


Follow me on Twitter Visit my Facebook Reply With Quote
 
(login for full post details)
  #6 (permalink)
Prague, Czechia
 
 
Posts: 20 since Jul 2020
Thanks: 17 given, 8 received

Oh yeah, that's anti money laundering law dictating that both accounts ( IB and banking) owner name must equal.
forestcall View Post
Great thanks for the feedback!!!

Recently made the mistake of using my wifes bank and the money was sent back. Might go with Transferwise soon.....

Thanks!

Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #7 (permalink)
London UK
 
 
Posts: 28 since Mar 2017
Thanks: 0 given, 22 received

As previously stated, anyone should check with their particular broker for suitable methods. Transferwise is not universally acceptable as I have seen some brokers (eg. Phillip Capital) specifically say it is not.

Reply With Quote
 
(login for full post details)
  #8 (permalink)
London UK
 
 
Posts: 28 since Mar 2017
Thanks: 0 given, 22 received


mrburns View Post
Living in EU I've been using transferwise (US account) several times as well as SEPA and local currency (Czech Crowns) wire transfers to IB UK and did not experience any issue.

Sent using the futures.io mobile app

Curious how you do that as Transferwise website says "You canít send USD to brokerages or intermediary banks...only checking & savings accounts"
Transferwise do not support "for further credit to ..." instructions either

Thanks

Reply With Quote
 
(login for full post details)
  #9 (permalink)
Prague, Czechia
 
 
Posts: 20 since Jul 2020
Thanks: 17 given, 8 received


Etisan View Post
Curious how you do that as Transferwise website says "You canít send USD to brokerages or intermediary banks...only checking & savings accounts"
Transferwise do not support "for further credit to ..." instructions either

Thanks

See screenshot and ACH funding details under "US Automated Clearing House (ACH) Transfer Initiated at IBKR" on IB website pafe

https://www.interactivebrokers.com/en/index.php?f=1544



Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Prague, Czechia
 
 
Posts: 20 since Jul 2020
Thanks: 17 given, 8 received


@Etisan in the start question there is explicitly mentioned Interactive Brokers and how to fund trading account with them. I do not see any benefit in mentioning other brokers like Phillip Capital and moving the thread offtopic
Etisan View Post
As previously stated, anyone should check with their particular broker for suitable methods. Transferwise is not universally acceptable as I have seen some brokers (eg. Phillip Capital) specifically say it is not.

Sent using the futures.io mobile app

Reply With Quote


futures io Trading Community Trading Reviews and Vendors Brokers > What's the best online method to Wire Transfer to INTERACTIVE BROKERS?


July 29, 2020


Upcoming Webinars and Events
 

Bookmap

Nov TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts