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Interactive brokers is arguably one of the best brokerage platforms in the world, and luckily, as South Africans, we are able to use it to invest in all sorts of offshore markets. But with all its fancy functions, it can also feel quite intimidating and a bit overwhelming to use at first, especially if you are not used to high level trading platforms.

But rest assured, I gots you covered! I’ve been using this platform for a couple of months now and already ironed out all the kinks and uncertainties that you may have. I made some mistakes and paid a couple of school fees in the process, but that is okay, because now I know exactly how the process works and can therefore take your hand and give you a full step-by-step tutorial on how you can open your own interactive brokers account, as well as how you can fund your account in the best and cheapest way possible using an app called Shyft.

So this video will be split into four parts. First I will show you how to open an Interactive Brokers account, then I will show you how to open and fund your Shyft account, how to convert your Rands from your local bank account to US dollars and then lastly, how to transfer your US dollars from Shyft to your interactive brokers account.

Please feel free to let me know down in the description if you have any questions.

Chapters:

00:00 Introduction
01:45 How to open an Interactive Brokers Account
09:35 How to open and fund a Shyft Account
13:33 How to convert ZAR to USD in the Shyft Account
15:06 How to transfer USD from Shyft to your Interactive Brokers Account

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My name is Dr. Pieter Marx de Villiers, and I'm a Veterinarian turned Financial Advisor from South Africa who aims to retire by the age of 35. Follow me in my journey towards Financial Freedom in (hopefully) just 10 years! :)

This channel will help you achieve your Personal Financial Goals through the things I’ve learned and researched to improve my own Financial Health.

If you enjoy the content and find any value in my videos, consider Subscribing and help me reach my goal of 30 000 Subscribers on YouTube in 2024!

Lekker!

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DISCLAIMER

Whilst I am a Registered Financial Advisor under the FSCA as of June 2023, the content on this YouTube Channel and all of my other Social Media Platforms are for Educational Purposes only and should not be taken for Financial Advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed Financial Advisor where necessary.

Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.

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