facebookInteractive Brokers Reviews and Comparison - Seedly

Interactive Brokers

  • Key Features
  • Reviews (38)
  • Discussions (0)
  • More Details
claimed
Unclaimed

This product has not been claimed by the company yet.

Summary

Interactive Brokers

Product Page Transparency

  • Pays to access additional features

Brokerage Features & Details

1) Key Features

  • Offers acces to 150 markets, 33 countries, and 24 currencies globally
  • Offers wide range of investment products from Stocks, Options Futures, Bonds, Mutual Funds, and Hedge Funds globally
  • Low commissions, transparent pricing, and access to IB SmartRouting which helps search for the best available prices 

2) Fees

  • Commission fees:
    - SG stocks: Minimum S$2.50
    - US stocks: Minimum US$1
    - HK stocks: Minimum HK$18
  • Account opening fee: S$0
  • Withdrawal fee: One free withdrawal request per calendar month. Chargeable thereafter

3) Account Opening

  • Minimum age: 18 years old
  • Account opening fee: S$0
  • Payment & deposit methods: Bank Transfer and Cheque
  • Minimum investment required: S$0

4) Products Offered 

  • Stocks
  • ETFs
  • Options
  • Futues
  • Crypto
  • Bonds
  • Mutual Funds
  • Hedge Funds
  • Forex
...see more

Popular Products

Saxo Markets

4.5

956 Reviews

Syfe Trade

4.9

125 Reviews

FSMOne Fundsupermart

4.3

253 Reviews

Summary

Interactive Brokers

Product Page Transparency

  • Pays to access additional features

Brokerage Features & Details

1) Key Features

  • Offers acces to 150 markets, 33 countries, and 24 currencies globally
  • Offers wide range of investment products from Stocks, Options Futures, Bonds, Mutual Funds, and Hedge Funds globally
  • Low commissions, transparent pricing, and access to IB SmartRouting which helps search for the best available prices 

2) Fees

  • Commission fees:
    - SG stocks: Minimum S$2.50
    - US stocks: Minimum US$1
    - HK stocks: Minimum HK$18
  • Account opening fee: S$0
  • Withdrawal fee: One free withdrawal request per calendar month. Chargeable thereafter

3) Account Opening

  • Minimum age: 18 years old
  • Account opening fee: S$0
  • Payment & deposit methods: Bank Transfer and Cheque
  • Minimum investment required: S$0

4) Products Offered 

  • Stocks
  • ETFs
  • Options
  • Futues
  • Crypto
  • Bonds
  • Mutual Funds
  • Hedge Funds
  • Forex
...see more

Interactive Brokers

$0
MINIMUM FEE
Market Spread
TRADING FEES
Custodian
STOCK HOLDING TYPE

Interactive Brokers

$0

MINIMUM FEE

Market Spread

TRADING FEES

Custodian

STOCK HOLDING TYPE

Reviews (38)

4.0

38 Reviews

5
17
4
12
3
3
2
4
1
2

Service Rating

Customer Support

4.1

User Experience

3.9

      Posted 23 Feb 2023

      Purchased

      Interactive Brokers

      Simply one of the cheapest online brokerages in Singapore with access to a wide variety of markets such as LSE for Ireland-domiciled ETFs!

      0

      What are your thoughts?

      Posted 06 Apr 2022

      Purchased

      Interactive Brokers

      Been using this for years. Though the customer support may not be ideal, the platform is relatively easy to use and I have not faced much difficulties over the years.

      0

      What are your thoughts?

      Posted 17 Mar 2022

      Purchased

      Interactive Brokers

      [Commission Rates] One of the lowest commission rates of all brokers, $0.35 per trade (Tiered -Highly recommended!). [User Interface] Not the best user interface and no live market data. However, its easy to use (once you got used to it) app [Customer Service] Top-notch customer service. super friendly staffs and have you will get connected to an agent talking to you. [Market Access] One of the few broker in SG with the widest range of market access. [Fractional Shares Access] For retail investors, we small capital up-front. [Forex Fess - Currency Conversion] Very transparent - Google Rate. SGD$2+ for converting one currency to another which is very good.

      0

      What are your thoughts?

      Posted 21 Dec 2021

      Purchased

      Interactive Brokers

      Very good platform with extremely competitive rates, including forex. Recommended to the serious investor.

      0

      What are your thoughts?

      Posted 02 Sep 2021

      Purchased

      Interactive Brokers

      [User Interface][Market Access] UI experience on the web interface is not as good as other brokers. But pretty efficient by every other metric. Wide access to market.

      0

      What are your thoughts?

      Posted 24 Jul 2021

      Purchased

      Interactive Brokers

      Waiver of monthly inactivity fee is definitely a welcome addition. One of the best brokerages due to its wealth of tools for sophisticated/more experienced investors.

      0

      What are your thoughts?

      12 Jul 2021

      Purchased

      Interactive Brokers

      [Commission Rates] Really low rates especially after dropping the inactivity fees. [Market Access] Provide excess to LSE to buy Irish domiciled ETF [User Interface] A little complicated as compared to Tiger and Moomoo but you will get used to it after awhile.

      0

      What are your thoughts?

      05 Jul 2021

      Purchased

      Interactive Brokers

      Cheapest broker out there if you intend to invest >100k. The problem is it looks confusing. But the app is good! Better UX there. Theres a SG office in case if youre worried. Other problem is online chat is almost always busy but... once you email them they reply quite fast! Got my replies in 1 work day probably because they have ppl working 24/5

      0

      What are your thoughts?

      30 Apr 2021

      Purchased

      Interactive Brokers

      Main selling point is that the commission is super cheap. The platform fee of $10/month may seem a lot at first but if your portfolio is >100k USD or if you're under 26 years old the platform fee becomes $3/month. The platform fee can also be covered by trading commissions, so the more trades you make a month, the platform fee to be paid for that month will be reduced accordingly.

      0

      What are your thoughts?

      28 Apr 2021

      Purchased

      Interactive Brokers

      [Commission Rates] Best rates out there. [User Interface] Easy to use compared to other local and int'l brokers. [Customer Service] Super helpful and prompt, even their chat feature was good.

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

      Popular Products

      Saxo Markets

      4.5

      956 Reviews

      Syfe Trade

      4.9

      125 Reviews

      FSMOne Fundsupermart

      4.3

      253 Reviews

      Brokerage Fees and Charges of Interactive Brokers

      The fees and charges of Interactive Brokers are as follows:

      Singapore Stocks

      • Commission: 0.08%/share
      • Minimum Commission: S$2.50

      US Stocks

      • Commission: US$0.00035/share
      • Minimum Commission: US$0.35
      • Maximum Commission: 1% of trade value

      UK Stocks

      Up to GBP 50,000 Trade Value:

      • Fixed: GBP 6.00
      • Minimum Commission: GBP 6.00
      • Maximum Commission: GBP 6.00

      >GBP 50,000 Trade Value:

      • Fixed: GBP 6.00 + 0.05% of incremental trade value (> GBP 50,000)
      • Minimum Commission: GBP 6.00
      • Maximum Commission: GBP 29.00

      EUR-Denominated Stocks

      • Fixed: 0.1% of trade value
      • Minimum Commission: EUR 4.00
      • Maximum Commission: EUR 29.00

      Hong Kong Stocks

      • Fixed: 0.58% of trade value
      • Minimum Commission: HKD $12
      • Maximum Commission: HKD $18

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.