To Open and Fund an IBKR Account from the Philippines - Here are the Instructions

Why IBKR？

• You can buy a fraction of stock by purchasing fractional shares. For instance, VTI (now trading at $230 per share) costs $200. It's an excellent option for buyers on a strict budget.

• Access to other stock exchanges outside of the United States, such as the London Stock Exchange, is made possible through IBKR. If you're in Ireland, you can acquire Irish-domiciled investments!

• Options abound: futures and options contracts, mutual funds, currency, and bonds are all on sale. You may, in fact, get VTSAX here!

• It's less likely that they'll go bankrupt because they've been there for a long time and are one of the largest brokers in the US.

• Uncomplicated registration - yep, I was able to register in just three days!

How to Become a Member

• Use this link to sign up for a new account.

• Fill out all the required information.

• In order to prove your identity, you will need two government-issued IDs, as well as two utility bills. Not accepting bills for mobile or broadband services. Make sure your address is clearly visible in the text.

They will accept the following forms of identification:

• Passport

• Certificate of Licence

• UMID

Wait a few days for verification, you're done! My account was authorized and enabled in less than a day.

Methods for adding funds to your online bank account

IBKR cannot be funded with a debit or credit card. You'll have to send money to IBKR's bank account via wire transfer. As a preliminary step, you must notify IBKR of the deposit. If you don't do this, your wire transfer will not go through.

• Deposit money into your IBKR account by clicking the “Deposit” button on the left side.

• Click “Use this Method” on the page that appears.

  

• In the third step, you'll be directed to IBKR's bank account information.

  

You've finished notifying IBKR of an upcoming WIRE transfer to your account! Congratulations! Next, we'll need to secure the necessary funding.

To my knowledge, there are just two methods for adding money to your account:

Through the use of a wire transfer to a bank account

• Go to your bank with your USDs in hand and make an appointment. In order to do this, you'll need a USD bank account. You can wire money from your BDO USD account to another BDO USD account via your app, which is very handy.

• Over the counter is one way to accomplish it.

• Using the bank data provided by IBKR, please include your account number and full name as a reference. (For instance, U123456/Juan Dela Cruz).

Through WISE Wise can no longer be used for this option; instead, you'll need to use the Direct Transfer via ACH.).

• Don't have a WISE account？ Sign up for one right now.

• Add a balance by clicking “Balances” on the left-hand side and selecting USD.

• Afterward, deposit funds into your USD account.

• You can use a debit or credit card to finance your account, as well as other methods. my account is funded with a debit card.

  

• On the home page of your USD account, click “SEND USD” after your money has been deposited.

• Enter the IBKR bank account information here 6. “Checking” should be the account type.

  

• To make it easier for us, please include your account number (Uxxxxxxxx). Adding your name isn't necessary.

• The fee is barely under a dollar. And that's it!