facebookDoes IBKR charge a minimum fee for currency exchange? - Seedly

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Anonymous

18 Nov 2021

General Investing

Does IBKR charge a minimum fee for currency exchange?

Have been using tiger for more than half a year and thinking of entering into IBKR due to the ability to trade in fractional shares. However, can someone advise if IBKR charges a minimum fee for exchanging currency from SGD to USD? I’m seeing a fee of ~3.6 USD which isn’t that great for me if I am going to DCA a small amount every month.. Please help and thanks all :)

Discussion (2)

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If small amount like 100-200 SGD per month, open a multi currency account on DBS, exchange USD there and and send to IBKR

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