- 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
Best platform for all investments
Easy to navigate and lowest fees!
The faster
The faster platforms in the world
Honesty and transparency
IBKR is just the best investment platform. I've been with them for over a year, but I've been investing for several years. The app is a bit complicated, but it's just such a reliable investing platform that you just get used to some quirks for all the benefits.
The Broker That Stands Above the Rest
I have been using Interactive Brokers (IBKR) for my trading and investment needs, and it has consistently proven to be one of the most professional and reliable brokerage platforms in the world.
1. Execution & Platform:
Trade execution is lightning-fast with deep liquidity access across global markets. The platform is robust, stable, and built for professionals while still accessible to retail investors who want advanced tools.
2. Market Access:
IBKR offers unparalleled access to stocks, ETFs, bonds, futures, options, forex, and funds in more than 150 markets worldwide. For someone managing an international portfolio, this breadth is invaluable.
3. Pricing & Transparency:
Their low commissions, tight spreads, and transparent fee structure set them apart. Unlike many brokers, IBKR doesn’t hide behind gimmicks or inflated costs.
4. Research & Tools:
The Trader Workstation (TWS) platform is a powerhouse with advanced charting, risk management tools, and analytics. IBKR GlobalTrader and Client Portal also make trading convenient on the go.
5. Safety & Regulation:
As one of the world’s most regulated brokers, IBKR provides peace of mind. Client funds are well protected, and risk management tools are built into the system, which reflects their professional DNA.
6. Education & Support:
IBKR’s educational resources, webinars, and daily market insights are a strong plus. Their customer service has been responsive and professional whenever needed.
Final Thoughts:
Whether you’re a professional trader, long-term investor, or someone managing complex portfolios, IBKR stands out as a global leader. It combines world-class execution, global access, and cost efficiency in a way very few brokers can match.
Perfect platform for a stock portfolio
I have been with IB for several years and til today quite satisfied.
The platform is user friendly, managing your account is easy.
Buying/sellings stocks is always simple with low fees.
IB's customer service is easy contactable and pleasant to communicate.
Can't think of a better broker than IB!
Great Brokerage
Amazing platform for investments with huge range of instruments and markets
Easy Access and Interfaces
platform is userfriendly, fee/commission and pricing policy is transparent. Training sessions are really useful.
Reliable and comprehensive
I am using since 2020 and find it very reliable and trustworthy.
they have very detailed research and news about market and stocks.
Best for pre and post Market transactions. This was the main reason to choose it.
Best Broker
Best online platform
Best investment platform
All positive in this platform. I am very picky especially in these brokers but could find one nigative side. Keep it up
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Best Trading App
Amazing app, all the features you need for day trading, swing trading, and investing, and at a fraction of the cost of other apps
All in one platform
The best and most reliable trading platform
Technically perfect and reliable
The electronic Systems of IBKR offer the perfect base for worldwide trading
Excellent
Excellent
Excellent platform, well established and strong investor protections
I been using IBKR for years now. It has some of the lowest fees and tightest spreads available for trading.
IB is top notch
InteractiveBrokers is the best investing platform not just in the UAE but also in the World. I've been using it for about 4 years and have never experienced any issues with it and I have a lot of trust investing with IBKR. They have just today introduced a local AED bank account that is available for deposits and that will help many users as their transfer costs will go down making investing accessible to basically everyone in UAE.
Trust
Fill my money in safe hand
Best Investment Broker in the World
IKBR provides the best service, the widest selection of investment instruments and the lowest fees.
best price/quality platform
I have tried many trading platforms but none was as convincing as IBKR!
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.
