Is IBKR Lite available in SG? I tried to apply for an account, but it seems that they are trying to enroll me into IBKR Pro first. For those SG IBKR Pro users, are you able to switch to Lite? - Seedly
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Anonymous

Asked on 18 May 2020

Is IBKR Lite available in SG? I tried to apply for an account, but it seems that they are trying to enroll me into IBKR Pro first. For those SG IBKR Pro users, are you able to switch to Lite?

IBKR Lite offers zero commission and custody fees for certain US stocks and I am in it to win it.

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Zachary Teo
Level 6. Master
Updated on 19 May 2020

Hello! I am using IBKR Pro and from my understanding, IBKR Lite is only for US residents only. They have this statement written

"The IBKR Lite pricing plan applies US residents with the following account types: Individual, Joint, IRA and Trusts when the beneficiary and trustee are natural persons. In addition, US financial advisors can offer IBKR Lite to their clients."

So I'm assuming it is for them only since it's getting rather competitve for their market with Webull, EToro, Robinhood, and even TD offering free commission trade.​​​

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Question Poster

19 May 2020

Thank you for sharing!