- Experts commend Interactive Brokers Singapore for its extensive market access, allowing clients to trade a wide range of financial instruments across 160 global markets. The platform is praised for its competitive pricing structure, particularly in the US and Singapore markets, and offers various account types tailored to different trading experiences. However, the complexity of the platform may be challenging for beginners, and there are concerns regarding the customer service availability in Singapore.
- Across 1375 user reviews on Good Money Guide, averaging 4.6/5, customers frequently highlight the platform's low costs, broad market access, and advanced trading tools. Many users appreciate the educational resources available, which aid both novice and experienced investors. However, some users express frustration with the complexity of the platform and slower customer support response times.
Interactive Brokers Singapore Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Interactive Brokers Singapore across five key areas of our review framework.
- Pricing5.0
- Market Access5.0
- App & Platform5.0
- Customer Service4.0
- Research & Analysis5.0
Pros
- Wide market access
- Excellent education resources
- Earning interest on cash balance
Cons
- Website interface can be overwhelming
- Minimum investment requirement applies
- Complex fee structure
See full expert review
Our verdict
Interactive Brokers (IBKR) Singapore Pte. Ltd. is a branch of the global brokerage firm Interactive Brokers Group. The company entered Singapore in 2020 and is regulated by the Monetary Authority of Singapore (MAS). It provides trading access to a wide array of financial products, including stocks, ETFs, bonds, and derivatives.
Is Interactive Brokers good for investing and trading in Singapore?
Market Access
Compared to other brokers in Singapore, Interactive Brokers offers broader access to global markets and financial instruments. Clients can trade stocks, ETFs, Warrants & Certificates, options, futures, currencies, bonds, CFDs, and mutual funds on 160 global markets. It also provides Forecast Contracts trading via ForecastEx.
The company enables trading in 28 currencies, alongside FX conversion services in the trading accounts. You can also earn an annualized interest rate of 3.83% on the USD cash balances, although this is subject to a minimum balance requirement.
Pricing
IBKR is known for its competitive pricing. For US markets, commissions on shares and ETFs are charged either on a per-share basis between US$0.0005 and US$0.35 for tired volume, or a fixed rate of US$0.005 per unit. As for Singapore markets, the commission charge will be based on trade value in SGD, ranging from 0.08% to 0.02% for tiered volume or a fixed rate of 0.08%.
Commission charges for options range from US$0.25 to US$0.65 per contract based on tiered volume, with a minimum charge of US$1. For futures, commission charges are range from US$0.1 and US$0.25 per contract, or a fixed US$0.25 per contract.
Account types
IBKR offers a variety of trading platforms in Singapore, tailored to clients' trading experiences.
The Client Portal, a web-based platform integrated with TradingView charts, is well-suited to beginners and intermediate traders.
Trader Workstation (TWS) is a desktop application designed for more professional traders. The platform features a layout library, offering customised views for instrument categories and trading strategies. However, the platform’s complexity could be overwhelming for beginners.
For advanced users, the API platform enables automated trading through algorithmic strategies, more suitable for sophisticated traders.
Research & Education
IBKR provides extensive market analysis and client educational resources through IBKRCampus, an online hub for financial market knowledge. Particularly, the Traders’Academy offers a series of free online courses tailored to different skill levels . The in-house strategists and economists provide timely market news and analysis.
Customer Service
There are various ways to reach out to IBKR’s client services team, such as phone (24/5), email, or Chat Room. However, unlike some other countries with both toll-free and direct dial, Singapore has only one general customer service phone line in Singapore.
Customer reviews for Interactive Brokers
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 1,375 reviews
- Excellent74%
- Very good14%
- Basic7%
- Poor2%
- Bad2%
Read customer reviews
great
fees are ok, platform is ok
Fast cost efficient
Excellent trading platform
Very cost effective
Easy of use
Very strong trading Platform. Low maintenance and trading cost.
Pros: Very strong trading Platform has a wide spectrum of trading algorithms to choose from. Accepts international traders from all countries. Money sent from outside USA is seen updated instantly once they receive. Low maintenance and trading cost.
Cons: Advanced use of the trading platform has a steep learning curve. Not many practice videos available to teach non-tech/non-fin investors on the use of advanced features.
Ease of use
Platform is super easy to use and has minimal commissions.
IBKR platform
comprehensive, easy to use, reliable, fast money transfers, no issues at all.
amazing service
reliable and best low fees. Several services available
Best trading app
IBKR has the vastest portfolio with the lowest rates
An Indusry Leader
I have used IB for many years doing various things. It can handle any need without exception. The trading costs are about the minimum in the industry and help is always available to handle any inquiry.
Low brokerage, availability and reliability
App is always functioning, no downtime or glitch observed.highly reliable service
Big choice and low price
I trust very much IBKR, it’s very Professional. I Never had problems with orders and low fies
All In
I choose Interactive Brokers for my ETF investing because it offers low fee trading for US-listed stocks and ETFs, which keeps my costs low . The platform provides access to a massive selection of investments across global markets, allowing me to build a well-diversified portfolio easily . While the platform has advanced tools, the IBKR webside and mobile app are straightforward enough for my needs as a non-professional investor . It’s a powerful and trustworthy platform that helps me invest efficiently.
Great investment platform
Great company to work with – super helpful, easy to deal with, and really know their stuff. I feel confident about my investments with them
Perfect platform
A perfect platform to manage all your investments
Reliable platform with unmatched global access
I’ve been using Interactive Brokers for a while now, and what stands out most is the breadth of markets and products available. It’s one of the few platforms where I can manage everything in one place: stocks, ETFs, bonds, and even global markets I wouldn’t otherwise have access to. The trading costs are consistently low, which makes a huge difference over time, and the execution is fast and reliable.
The platform itself has a learning curve, but once you get comfortable with it, the tools are powerful and give you full control. I also like how transparent they are on fees and reporting, no hidden surprises. For me, it’s the best balance between professional-grade features and cost efficiency, especially for someone looking to invest seriously rather than casually trade.
Amazing trading features and tech
I’ve used this for my company for almost 7 years and have almost all of the equity with IBKR. The best speed and transparency of execution, with almost no costs. I also love they keep adding markets to the platform!
Amazing all rounded and trusted platform
I’ve used IBKR for almost a decade and trust them with large amounts. Their level of reporting, transparency in pricing and speed of execution, for small and even massive orders, is amazing. Nothing else comes close!
I've been with them more than 6 years, low fees, fast processing,. very good company
Really recommnded
Investment with IBKR is trust
The platform with highest responsibilities and quality is might be only trusted, the best example is Interactive Brokers
Broker of the year!
Best Broker thus far - make sure, it stays that way!
Affordable simplicity
IBKR offers an investment opportunity for clients across the globe. Wide range of investment options to suit any portfolio. Reliable service and helpful staff. Easy to work on the platform. Fantastic for keeping a cash reserve!
Tina was a Market Analyst at CMC Markets from 2015 to 2024, providing client education, market commentary, and media presentations. She specializes in technical analysis and market fundamentals. Tina believes financial markets comprise a vast area reflecting economies, politics, history, psychology, and philosophy. As a result, her analysis is based on her interpretation of a specific country’s economic and historical background, alongside investor sentiment and behaviour.
Tina’s expertise has garnered recognition, with her commentary frequently quoted by reputable sources like Bloomberg, CNBC, Routers, WSJ, and AFR. Her insights span a diverse spectrum, covering various financial domains, including stock markets, foreign exchange, commodities, and cryptocurrencies. Previously, she also spent significant time with China Central Television. This experience allowed her to develop a deep understanding and insight into China’s economics and business.
