Interactive Brokers has removed monthly maintenance fees

Just a PSA for everyone!

https://www.interactivebrokers.com.sg/en/index....

I'm not sure who need to hear this, but IBKR has recently removed its infamous monthly maintenance fees. Anyone who's on the fence because of the USD10 inactivity fee, y'all can jump ship now to IBKR! Without the monthly fees, IBKR is no doubt the king of brokers now for Singaporeans!

If y'all are wondering why IBKR, here's 5 reasons why:

USD 0.35 comms (on tiered pricing)
Spot FX rate (flat fee conversion)
Literally any market you need access to (LSE here we go)
Proper options functionality (looking at you tiger and moomoo)
Dirt cheap margin rates (~1.6% rates on margin)

If you’re feeling generous, you can PM me ([email protected]) for my referral link hahaha

Interactive Brokers

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Ned

Edited 26 Jul 2021

Yup! This is great. Their commissions under tiered option for buying stocks is also quite cheap, especially for US stocks (as low as ~US$0.16 for 100 US shares when i tried it - not sure how it was below minimum charge of USD 0.35, probably because of rebates or something) so it makes them a really good option right now, second only to TD which is supposed to be completely free for US stocks.

But given that IBKR offers access to a lot more markets and is much faster to open than TD, i went to sign up for IBKR! Agree with OP that IBKR is the best option in SG right now.

If there is anything better, do comment!

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