facebookWhy can't I find a product review for Interactive Broker and TD Ameritrade? Thought they are quite popular for Singaporeans who are investing in US stocks.? - Seedly

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Anonymous

15 May 2020

General Investing

Why can't I find a product review for Interactive Broker and TD Ameritrade? Thought they are quite popular for Singaporeans who are investing in US stocks.?

Discussion (8)

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Yes IB is definitely one of the cheapest out there, the only downside is that there is a monthly fee of US$10 if the account value falls below US$100k.

At present, IBKR Lite account does not impose the above - but sadly, it is only available to US citizens at the moment. Or any community members here happen to know of a method to work around this?

Kenneth Lou

12 Apr 2020

Co-founder at Seedly

Yup it's because they don't have an office here and they also are not a registered broker in MAS if I'm not wrong.

But it's a good point! We'll take note of it in case we add it here: seedly.sg/reviews/online-brokerages

I read that Interactive Brokers brokerages is looking to start operations in Singapore.

MAS websit...

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