- 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.
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 price and best Tools
Best price and best Tools for Invest arround the world
Best Trading Platform
Easy, informative, comprehensive, all in one platform
Best Execution, Lowest Fees, Widest Reach
As an active investor, I’ve used multiple platforms over the years, and none come close to what Interactive Brokers (IBKR) offers. Orders are executed quickly and at excellent prices. Commission structures are transparent and among the lowest in the industry. Few other platforms provide this kind of global access. On top of that, the platform is highly reliable, packed with professional-grade tools, and constantly innovating.
Highly recommended for anyone serious about investing.
Access and Fees
Access to (almost) everything for a great price. Good service!
IBKR rocks
I love IBKR platform as its simple and no nonsense and hoping they reduce their fees even more and become more close to UAE government and help both nationals and expats invest and grow their wealth for future generations.
Great platform with wide exposure and helpful resources
Interactive Brokers is a great platform with wide exposure and helpful resources. I get exposure to equity, commodity, crypto etc across the world. It has great resources to learn and even rewards learning. I can access IBKR via browser, app or from desktop. IBKR also offers good interest on free cash in the account.
Trading Platform Designed by Experts
Excellent Trading platform signed by experts. It incorporates quotes, linked charts and linked news. Includes tools to trade options. Bloomberg TV available. Very flexible set up. Prices for trading FOREX are very tight. Algorithmic trades for equities available. Allows complete trading for US treasury bonds and bills.
IB
Interactive Brokers platform is one of the top worldwide
IBKR - Excellent platform available for all Investors
IBKR allows all interested investors to open accounts and participate in the ever-growing investing world, and this is particularly evident and important for Middle East and GCC residents. IBKR excels at providing all the tools required to invest/trade and offers plenty of investable products that other platforms/providers do not have. Highly recommended Investing platform for all.
Most Reliable Broker
I have been using Interactive Brokers for over two years and their executions have been great for my day trading strategies. Deposit and withdrawls are breeze too. Higly recommend.
Amazing platform to trade internationally
Amazing platform to trade internationally, swift processes, easy navigation, great cost!
Interactive Brokers: The Platform I Trust
As a UAE-based investor using IBKR TWS daily, I’ve found Interactive Brokers exceptionally robust, transparent, and cost-effective—with deep market access and rock-solid execution. It’s the platform I trust with my money.
Best investing platform
Very informative and investor friendly.
Best reliable platform in the market
Ease of use, continues development and a very strong technical support.
An excellent platform that allows you to invest in markets around the world.
I have been really impressed with IBKR. The platform makes it easy to invest in markets all over the world at low costs. The tools and research features are very useful, and trade execution is smooth. Overall, it’s a reliable choice for anyone serious about investing
No complaints!
Great Services, great insights, works like a charm
Trustworthy
Professional and competent brokers.
Powerful Platform with excellent rates
Interactive Brokers have a powerful interface with many information and reporting posiibilities. Rates are excellent, wether for trading or currency exchange. I am very satisfied with their services so far.
Highly recommended
I have been using IB for several years as a small investor and I must say that I am very satisfied.
The platform is clear and easy to use; regular alerts and security checks when logging in convey a solid image of reliability.
The support service, which I have dealt with a couple of times, has been fast and punctual.
I have no other terms of comparison, but for me IB offers excellent service, also in terms of transparency.
Good trading platform
Easy to transfer money and trade
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.
