IBKR LLC or IBKR SG - Funding any difference?

Are there any difference in terms of funding between this 2?

Undecided which account to open. Understand from investment moat article that SG uses FAST and IBKR LLC use wiretransfer. Does that means the duration needed to will be slower for IBKR LLC?

Also if all fees on IBKR LLC is charged in USD while IBKR SG will be charged in SGD?

Not so much for Sg market as i will be using tiger/moo moo. Thanks!

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Nicholas Beh

19 Jul 2021

Student Ambassador 2020/21 at Seedly

For SGD deposits, IBKR LLC and IBKR SG both use FAST. The difference is that IBKR LLC uses a Citibank/HSBC account while IBKR SG uses a DBS account.

For USD deposits, IBKR LLC only accepts deposits through their US account with JPMorgan Chase Bank. For IBKR SG, you have the additional option of transferring (certain) foreign currency to a DBS multicurrency account.

Fees are dependent on your base currency and not which IBKR entity you hold your account with.

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