- 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
Persuading
Best conditions and amazing professional platform
Comprehensive platform
Hav all the possible options availed to trade or invest
Easy to use and best broker
Ibkr app is easy to use, broker seems at a big level entity
Affordable and smart
IBKR has one of the lowest fees for trading stock and ETF. And they make transactions so affordable and friendly for non-professional users like me.
Best Investing and Trading Platform
IBKR delivers excellent investing and trading: innovative tools, low fees, great execution, broad market access, and unmatched reliability for global investors.
Value for money
Easy to use,good investment options and transparent .
IBKR Review
Great platform
IBKR - a trusted partner
Very collaborative and transparent easy to handle platform.
IB Vote
Good app and easy transactions
IBKR is Trusted Brokers
IBKR is Trusted brokers and giving me a confidence, highly recommended.
Complete Brokerage Services
IBKR has competent customer service. The customizable fee schedule for add ons is extensive and allows one to keep their fees to to what they desire. I use the trading platform to access bourses around the world that most other brokerages can not.
Ease to operate platform
Interactive has created excellent platform to trade in equities.
Amazing
Best platform I've ever used!
Good Company data and trade execution
Interactive brokers provide a comprehensive and easy to use platform with a logical structure providing information on various asset classes, funds and ETFs with cost effective execution. Furthermore the facility to lend stocks provide optionialities for income and other services for various risk profiles.
Long-term trustworthiness
I've been using Interactive Brokers for the last 8 years and it is by far the best long-term investment platform on the market. Low commission, no inactivity fee, excellent reputation and plenty of educational tools and resources.
Simple Investing
Easy to use and efficient.
Good
All good
But slow customer service
We would like to chat live ,with a click of a button
5
amazing program
Perfect broker
Very very professional broker
interactive Brooker
a mio avviso IB è la migliore piattaforma che ho trovato in rete, professionale e sempre aggiornata. IB lavora in modo professionale con un alto standard.
Lavora su tutti i mercati e debbo confessare che le competenze sono altissime.
Consiglio vivamente IB
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.
