Anonymous
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.?
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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
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I read that Interactive Brokers brokerages is looking to start operations in Singapore.
MAS websit...
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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?