Interactive Brokers - Fees

TLDR:

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Investment noob wanting to understand brokerage charges...

Do they have a new funding fee structure which charges for cash deposits?

Or am I misunderstanding something from here: https://www.interactivebrokers.com.sg/en/index.php?f=14718 (see "Cash Deposits – Minimum Charge and Fee")

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The Long Version...

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Wanna start on the investment journey so have been looking around for a cheap, reliable brokerage.

IBSG looks like a decent choice, esp since they've removed their Inactivity Fee.

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But was wondering if there's any catch to it, so dug around & saw the above link (Under Price -> Other Fees -> Other Fees).

It states that for Cash Deposits – Minimum Charge and Fee: SGD 1%, min $65

Rather concerned, but reviews I found say it's free to deposit $, with no min amt (excl. any wire transfer fees one may incur).

Is this Deposit Fee new? Or am I misunderstanding something?

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TIA :)

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