- 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 trading platform… truly international
Best execution … best availability of markets… best user friendly interface…. Best mobile app… best workstation application…. Competitive fees
Efficient security & accessible application
IBKR provides you a high level of security that any investor looking for and 360 reviews of asset classes you willing to invest in along with holistic analysis including all parameters on technical & fundamental levels which is make your investment decisions smoothly.
IBKR is good trusted Platform for stock trading
i like their APP and updates and services they providing
also they are world knwon broker for Investing + listed in US Stock market
Best Broker
Best Broker i tried them all
My investment partner
Almost 6 years of trading with IBKR.. i would never regret it
Best trading platform
Best us stock trading platform
Very happy
Great service good pricing
Really good service
Thank you for clearly and trueless service
stable, comprehensive, no-nonsense, good price
if you are investing for mid- long term, broadly interested in markets but not trading, trying to build and preserve the wealth for a long term (like me), then this platform is for you. Regardless of level of sophistication IBKR is offering a good product. Purchase prices are competitive even for small amounts, fractional shares help when your portfolio is just starting, variety of stock exchange offering ensures you can rally go global in your selection, interface is clear.
And by the way ... it just works.
Great platform for investing
It has been a great platform for investing with many options for stock selection and easily to deposit and withdraw funds
Fast, Helpful Support for Traders
This platform is excellent, but what makes it the best is its support. The team is incredibly fast and helpful, answering questions and resolving issues promptly. This reliability is crucial for a smooth and effective trading experience for beginners like me.
IBKR truly awesome
IBKR is most responsible for my wealth creation through their amazing platform for investing. They offer top notch security, easy to use UI. They offer direct investment opportunities all around the world. Truly an amazing platform for building wealth.
Truly Best trading platform
very transparent platform
Efficiency
Amazing platform reliable
IBKR Best
IBKR is best
IBKR is just amazing
Easy-to-use, reliable, fast order processing are some of the top features of IBKR that I like.
Safe to invest with it
Save to invest money through interactive broker .. thanks for your services
The Gold Standard
I have been using IBKR for trading and investment purposes and highly recommend it to anyone looking to access markets worldwide. I strongly vouch for their integrity and transparency in all of their services and recommend them for your award.
Doesn't get better than this, pure power
Democratically empowering retail investors with institutional reach capabilities. Robust platform for global trading. Cutting edge capabilities provides a seat at the trading table. Price management algorithm protects your interests. Screeners cut through to what matters. News feeds cover your ecosystem of interests. Only tool you will need for financial empowerment. Lowest costs allow to trade first and think later
Great and reliable service
I find the service very reliable. Not too many emails and it just does what it should.
Security is also up to mark.
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.
