{"id":507311,"date":"2023-08-31T02:36:00","date_gmt":"2023-08-31T02:36:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=507311"},"modified":"2023-08-31T07:54:16","modified_gmt":"2023-08-31T07:54:16","slug":"interactive-brokers-singapore-review","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/interactive-brokers-singapore-review\/","title":{"rendered":"Interactive Brokers Singapore Review"},"content":{"rendered":"
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\"Interactive<\/figure>\n\n\n\n
Visit Site >><\/a><\/center>\n\n<\/div><\/div><\/div>\n\n
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Founded in 1978 and listed on the NASDAQ, Interactive Brokers Singapore is a reputable online broker<\/strong> that is based in the United States and has a presence in Singapore. It\u2019s now one of the largest and best-known trading platforms in the US with a substantial presence in Asia. It's also one of the most affordable trading platforms available in Singapore, offering 135+ markets in 33 countries.\u00a0<\/p>\n\n<\/div><\/div><\/div>\n<\/div>\n\n\n

With offices in Singapore, the United States, Canada, Switzerland, Hong Kong, Australia, Hungary, the United Kingdom, Japan, China, Luxembourg, Estonia, Ireland, and India, Interactive Brokers accepts clients from numerous countries and territories.<\/p>\n\n\n\n

It\u2019s one of the biggest names in the industry, with a very strong reputation. In this review, we\u2019ll be putting Interactive Brokers SG to the test. We will go over the pros and cons, as well as their main features.<\/p>\n\n\n\n

So, before creating a trading account with this broker, have a look at our unbiased Interactive Brokers review to make the most informed decision you can about it.<\/p>\n\n\n\n

Go here to read our review of Interactive Brokers International<\/a>.<\/p>\n\n\n\n

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Summary<\/h2>\n\n\n\n

Interactive Brokers Singapore is a reputable and reliable broker regulated by top-tier authorities<\/strong>. They offer good exchange rates and a newly designed and easy-to-use Global Trader app<\/strong>. IBKR Singapore is one of the cheapest brokerages in Singapore and offers the best market access. Their Trader workstation trading platform is packed with features and is a great fit for all types of investors.<\/p>\n\n\n\n

When we look at Interactive Brokers SG, we see more positive things than negative ones. On the one hand, IBKR has one of the most competitive fee structures in the market, a thorough educational section, a wide selection of products, technology-driven trading tools, and many account base currencies. It doesn\u2019t have minimum account deposit or inactivity fees.\u00a0<\/p>\n\n\n\n

On the other hand, despite all of these attractive features, it falls behind when it comes to certain features. For example, you might find its desktop trading platform a bit complicated, or it doesn\u2019t offer the most user-friendly account opening process or credit\/debit card payment.\u00a0<\/p>\n<\/div><\/section>\n\n<\/div><\/div>\n\n\n

For more reliable brokers in Singapore, you can read the Public Finance International top rated trading platforms in Singapore list<\/a>. We list the top choices based on various factors such as fees, regulation, security, trading platforms, customer support, markets offered and more.<\/p>\n\n\n\n

Interactive Brokers Singapore Overview<\/h2>\n\n\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Feature<\/th>Interactive Brokers Singapore<\/th>\n<\/tr>\n<\/thead>\n
Founded<\/th>1978<\/td>\n<\/tr>\n
Headquarters <\/th>Greenwich, Connecticut, United States<\/td>\n<\/tr>\n
Products<\/th>Stocks, bonds, options, ETFs, futures, FX, mutual funds, and metals<\/td>\n<\/tr>\n
Minimum Deposit<\/th>$0<\/td>\n<\/tr>\n
Withdrawal Fees<\/th>$0<\/td>\n<\/tr>\n
Trading Fees<\/th>Low<\/td>\n<\/tr>\n
Stock Holding Type<\/th>Custodian<\/td>\n<\/tr>\n
Platforms<\/th>Proprietary<\/td>\n<\/tr>\n
Base Currencies<\/th>23<\/td>\n<\/tr>\n
Demo Account<\/th>Yes<\/td>\n<\/tr>\n
Inactivity Fee<\/th>No<\/td>\n<\/tr>\n
Mobile Apps<\/th>Yes<\/td>\n<\/tr>\n
US accepted<\/th>Yes<\/td>\n<\/tr>\n
Customer Service<\/th>Phone and live chat<\/td>\n<\/tr>\n
Our Score <\/th>4.9\/5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

Pros and Cons<\/h2>\n\n\n\n

If you\u2019re considering trading with IBKR in Singapore, we recommend that you first have a basic understanding of what it offers and what it doesn\u2019t. The following table of IBKR\u2019s pros and cons may be useful in this regard:<\/p>\n\n\n\n\n\n\n\t\n\n\t
PROS<\/th>CONS<\/th>\n<\/tr>\n<\/thead>\n

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  • Offers 135+ financial markets in 33 countries<\/li>
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  • Accepts funding in 23 currencies<\/li>
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  • Provides a highly competitive fee structure<\/li>
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  • No minimum deposit required<\/li>
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  • Extensive educational resources<\/li>
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  • Advanced trading tools<\/li>
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  • Fully digital account opening process<\/li>
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  • Fractional shares trading on US stocks<\/li>
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  • Many account base currency<\/li>
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  • Fractional shares trading on US stocks<\/li>
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  • No deposit fee<\/li>
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  • Well-regulated by top financial authorities<\/li>
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