- 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
Fast, professional and innovative
Amazing investment place, trustful IBKR.
Above all
IBKR stands far above all other mainstream trading apps; it’s in a league of its own and simply cannot be compared.
Investing Platform Of Choice
It is undoubtedly one of the best if not the best investing platforms. It offers vide range of securities to invest acroos major geographies with best technology platform at very competitive charges. I feel it should be the first choice for an investor.
Best broker
Great platform, great team! Best in class
Best Trading Platform.
It is a secure and easy to use platform which is quite powerful. The mobile app is quite convenient.
International Markets
Easy to use and fractional stocks with low fees
Best Retail Broker
best broker for product offerings and price offering. Best platform.
IBKR has made investing easy and affordable..
IBKR has made investing easy and affordable..
Fantastic platform i recommend to all my friends
Interactive Brokers has been absolutely fantastic to use. From the start, I was impressed by how simple and intuitive their platform is — everything is laid out clearly, making it easy to navigate whether you’re new to investing or more experienced.
What really stands out is the transparency. There are no hidden costs or sneaky fees, which immediately builds trust and makes me feel confident in every trade. The pricing structure is straightforward, and it’s refreshing to use a broker that values honesty and fairness.
On top of that, their customer support and overall user experience are genuinely friendly and approachable. It feels like they’ve designed the service with the user in mind at every step.
Overall, Interactive Brokers is a reliable, user-friendly, and trustworthy platform that I would recommend to anyone looking for a smooth and cost-effective trading experience.
My review
I have used interactive brokers for 10 years to trade stocks, options, and futures. Very comprehensive and professional platform.
Lovely company
I am using IBKR for more than 3 years now, its amazing and lovely trustworthy platform
Fast, easy and excellent filling
The app has almost no spread and razor thin trading fees.
It is responsive, stable and just works. 10/10.
Far more robust than anything else I tried.
Reliable and Efficient
Wide range of trading and investing markets, easy to use platform and competitive pricing/fee.
Best investing platform
Love using it because of its easy of money transfer
Variety of products and low fees
Super clear on fees, it has a lot of helpful information. Big fan
Top Gun
The efficiency, speed and low cost of the IBKR platform make it a pleasure to work with and me a dedicated supporter.
Personal Financial Growth
IB set standards as a personal financial growth platform, offering competitive trading rates, financial literacy, and support throughout the investment journey
Best overall
Cheapest platform on the market and with the new AED account available, unbeatable.
IBKR is the top
Amazing platform
IBKR all the way
Most recognized and safest platform
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.
