Name: Interactive Brokers
Brand: Interactive Brokers
Price: 1 SGD
Availability: InStock
Rating: 4.6 (1 reviews)

Overview

Interactive Brokers provides access to 160 markets across 36 countries from a single unified platform, more than any other retail broker. Commission-free US stock and ETF trading is available through IBKR Lite, with margin rates up to 45% lower than most competitors. The Trader Workstation platform includes full API access and real-time data from 200+ providers. MAS-regulated with $18.5 billion in equity capital and 45+ years of institutional experience.

Pros

↑Unmatched global access to 160 markets in 36 countries worldwide
↑Industry-leading low costs with commission-free US stocks and ETFs
↑Professional-grade platforms and tools for advanced traders

Cons

↓Platform complexity can overwhelm beginner investors
↓Inactivity fees for accounts below $2000 or low commission accounts
↓Customer support response times can vary during peak periods

Key Highlights

Welcome Offer
No current welcome offer
Interactive Brokers focuses on everyday low pricing rather than promotional offers
Commission-free US stock and ETF trading is a permanent feature via IBKR Lite
Industry-leading margin rates up to 45% lower than competitors
Check IBKR website for any current promotions

Trading Costs
From $0 to 0.08% commission
IBKR Lite: $0 commission US stocks and ETFs
IBKR Pro: $0.005 per share (min $1) for US
Singapore stocks: 0.08% min SGD 2.50
Hong Kong: 0.08% min HKD 18

Assets & Markets
160 global markets
Access 160 markets across 36 countries worldwide
Trade stocks, options, futures, forex, bonds, funds, CFDs
Singapore, US, Hong Kong, Australia, Japan, UK, Europe and more
Single unified account for all markets

Why Choose?
Industry-low margin rates
Margin rates up to 45% lower than industry average
Competitive rates starting from benchmark rates
Tiered pricing based on balance size
Real-time margin calculations and monitoring

Regulation & Safety
MAS regulated since 2020
Licensed by Monetary Authority of Singapore (CMS101000)
Part of NASDAQ-listed Interactive Brokers Group
$18.5 billion equity capital with 74% privately held
Client assets segregated at major custodian banks

Account Minimum
$0 minimum deposit
No minimum deposit required to open account
No minimum balance to maintain for IBKR Pro
IBKR Lite: Potential inactivity fees if low commissions
Start trading with any amount you're comfortable with

Key Benefits

Trading Costs

★4.9

▼

IBKR Lite: $0 commission US stocks/ETFs permanently
IBKR Pro: $0.005 per share (min $1) or tiered volume pricing
Singapore stocks: 0.08% (min SGD 2.50) highly competitive
Options: $0.15-$0.65 per contract
No account maintenance, platform or inactivity fees for Pro with $2k+ NAV
Transparent fee structure with detailed breakdowns

Platform And Tools

★4.8

▼

Trader Workstation: Professional-grade desktop platform
IBKR Mobile: Full-featured iOS and Android apps
Client Portal: Web-based for casual trading
100+ order types from simple to complex algorithmic
Advanced portfolio analysis and risk management tools
Real-time market data from 200+ providers

Research And Analysis

★4.5

▼

Access 200+ free and premium research providers
Fundamental data and company financials
Technical analysis tools and charting
Market scanners and screening tools
Economic calendar with event analysis
Third-party research integration available

Mobile Trading

★4.6

▼

Award-winning mobile apps for iOS and Android
Full trading capabilities matching desktop
Real-time quotes and portfolio monitoring
Advanced charting and technical analysis
Push notifications for price alerts and orders
Biometric authentication for security

Account Features

★4.7

▼

Multi-currency accounts supporting 28 currencies
Fractional shares for expensive stocks
Stock Yield Enhancement Program for extra income
Margin and portfolio margin options
Multiple account types: Individual, Joint, Trust
SingPass integration for easy Singapore account opening

Security And Trust

★4.9

▼

MAS licensed in Singapore (CMS101000)
NASDAQ-listed with $18.5 billion equity capital
Client assets segregated at major banks
$13.3 billion excess regulatory capital
Two-factor authentication standard
45+ years institutional track record

Customer Support

★3.8

▼

24/7 customer support via phone, email, chat
Local Singapore office and support team
Detailed online help center and FAQs
Video tutorials and webinars available
Response times vary during peak periods
Professional support for larger accounts

Educational Resources

★4.4

▼

IBKR Campus with courses and webinars
Traders' Academy for skill development
Market commentary and analysis
Demo account with $1 million virtual cash
Detailed platform tutorials and guides
Regular educational webinars and events

VIP Program

1Standard IBKR Pro

▼

Volume A U M	No minimum deposit or balance required Open to all retail investors
Fee Waivers	Standard tiered or fixed pricing Volume-based discounts apply No monthly fees with $2k+ NAV
Exclusive Tools	Full platform access All standard features included
Other Perks	Standard customer support Educational resources access

2High Volume Trader

▼

Volume A U M	$100k+ account value Or 300k+ monthly share volume
Fee Waivers	Enhanced volume-based rebates Lower margin rates Reduced exchange fees
Exclusive Tools	Priority API access Enhanced data feeds Advanced analytics tools
Other Perks	Priority customer support Dedicated account services

3Institutional/Advisor

▼

Volume A U M	$1M+ assets under management Or institutional account type
Fee Waivers	Customized commission structures Institutional margin rates Waived or reduced platform fees
Exclusive Tools	Full API suite access Custom integration support Advanced reporting tools
Other Perks	Dedicated relationship manager White-label solutions available Custom execution arrangements

Available Tools

Trading Tools

▼

Paper Trading	✓
Margin Trading	✓
Zero Commission	✓
Fractional Shares	✓
After Hours Trading	✓

Automation

▼

Dca	×
Algo Trading	✓
Grid Trading	×
Trading Bots	×
Robo Advisory	✓
Sentiment Analysis	×
Social Copy Trading	×
Ai Trading Assistant	✓

Advanced Tools

▼

Api Access	✓
Basket Trading	✓
Options Strategies	✓
Smart Order Routing	✓
Backtesting Capabilities	×

Portfolio Tools

▼

Tax Harvesting	×
Islamic Account	×
Auto Rebalancing	✓
Dividend Tracker	✓
Economic Calendar	✓

Detailed Information

Commission Tiers	IBKR Lite: $0 commission US stocks/ETFs flat rate IBKR Pro Fixed: $0.005/share (min $1) or percentage IBKR Pro Tiered: Volume discounts up to 300k+ shares Advisor accounts: Custom structures available
Trading Fees	US stocks: $0 (Lite) or $0.005/share min $1 (Pro) Singapore stocks: 0.08% min SGD 2.50 Hong Kong: 0.08% min HKD 18 Options: $0.15-$0.65 per contract Futures: $0.25-$0.85 per contract All exchange and regulatory fees included
Stock Etf Commission	US: $0 (Lite) or $0.005/share min $1 (Pro) Singapore: 0.08% min SGD 2.50 Hong Kong: 0.08% min HKD 18
Options Commission	$0.15-$0.65 per contract Exercise/assignment: $0
Futures Commission	$0.25-$0.85 per contract depending on exchange
Financing Rates	Benchmark rate-based margin rates Tiered based on balance size Among industry's lowest rates Real-time rate transparency
Margin Interest Rate	Varies by currency and balance tier USD rates from benchmark + spread Up to 45% lower than industry average
Overnight Fees	Included in margin interest rates Calculated daily on borrowed amounts
Non Trading Fees	No account maintenance fees No custody fees for Singapore residents on SGX Withdrawal: Free for first per month Subsequent withdrawals may incur fees
Deposit Fee	0
Withdrawal Fee	Free first withdrawal per month Subsequent: Varies by method and currency
Inactivity Fee	IBKR Lite: $1.50/month if <$3 monthly commissions IBKR Pro: $0 with NAV $2k+ Below $2k: May incur monthly fee
Currency Conversion Fee	0.002% to 0.02% based on volume Tight institutional-grade FX spreads Real-time rates from top banks
Data Feed Fees	Basic quotes: Free Real-time streaming: Varies by exchange Premium data: Subscription available
Order Modification Fee	0 for most markets Some exchanges charge cancel/modify fees
Vip Fee Tiers	Standard: Volume-based discounts High volume: Enhanced rebates and lower rates Institutional: Custom commission structures Advisors: Special pricing available

Minimum Spreads	Market-dependent Tight institutional spreads
Maximum Leverage	Reg T: 2:1 for stocks (50% margin) Portfolio Margin: Up to 6:1 for eligible Varies by product and account type
Margin Call Level	1.25 (25% margin required) Real-time monitoring
Stop Out Level	Liquidation begins at margin deficit Automated risk management
Negative Balance Protection	Yes for retail accounts Automated liquidations prevent negative
Settlement Period	T+2 for stocks T+1 for options Instant for forex
Order Execution Quality	Smart Order Routing for best execution $0.47 per 100 shares price improvement vs industry Direct market access available Multiple execution venues

Stocks Count	150,000
Etfs Count	3,000
Crypto Count	4
Forex Pairs Count	100
Product Universe Overview	Access 150,000+ stocks globally 3,000+ ETFs from 30+ exchanges Options on stocks and indices Futures and futures options Forex with 100+ pairs Bonds: Government and corporate Mutual funds available CFDs on multiple asset classes
Geographic Market Coverage	North America: US, Canada, Mexico Asia-Pacific: Singapore, Hong Kong, Japan, Australia, China, India, Korea Europe: UK, Germany, France, Netherlands, Switzerland, Italy, Spain Emerging: Brazil, Russia, Middle East markets Total: 160 markets in 36 countries
Major Markets Details	US: NYSE, NASDAQ, AMEX with full access Singapore: SGX with complete coverage Hong Kong: HKEX (stocks, ETFs, warrants) UK: LSE, AIM markets Japan: TSE, OSE Australia: ASX
Emerging Markets Details	China: Shanghai, Shenzhen via Stock Connect India: NSE, BSE access Brazil: B3 Russia: MOEX Middle East: Select exchanges
Base Currencies Supported	28 currencies supported Major: USD, EUR, GBP, JPY, CHF, AUD, CAD, HKD, SGD Emerging: CNH, INR, KRW, MXN, ZAR, TRY, RUB, BRL

Trading Platforms Overview	Trader Workstation (TWS): Professional desktop IBKR Mobile: iOS and Android apps Client Portal: Web-based trading IBKR GlobalTrader: Simplified mobile app API: REST, FIX, and native
Desktop Platform	Trader Workstation: Industry-leading professional platform Customizable layouts and workspaces Advanced charting with technical analysis Multi-monitor support Mosaic dashboard for integrated view One-click trading options
Mobile App	Full-featured iOS and Android apps Complete trading capabilities Real-time streaming quotes Advanced order types Portfolio analysis and risk tools Push notifications and alerts
Web Platform	Client Portal: Browser-based access No download required Account management and trading Portfolio tracking and reporting Responsive design for tablets Secure HTTPS connection
Trading Tools And Features	IBot: AI-powered assistant for account queries PortfolioAnalyst: Advanced portfolio management Option Analytics: Strategy modeling Risk Navigator: Portfolio risk analysis Probability Lab: Options probability tools Market Scanner: Custom screening
Charting And Technical Analysis	Advanced charting in TWS 100+ technical indicators Drawing tools and pattern recognition Multiple timeframes and chart types Historical data back-testing Custom studies creation
Risk Management Tools	Real-time margin calculations Portfolio-level risk analytics Value-at-Risk (VaR) calculations Stress testing tools What-if analysis Automatic liquidation protection
Order Types Available	100+ order types available Market, limit, stop orders Trailing stops and brackets Iceberg and hidden orders Time-in-force options: GTC, GTD, IOC, FOK Conditional and algorithmic orders
Integrations And Api Access	REST API for programmatic trading FIX API for institutional clients Native APIs: Python, Java, C++, C# Third-party integration support WebSocket for real-time data Excel API available
Third Party Platforms	TradingView integration Excel plugin QuickBooks integration Third-party tools via API
Api Rate Limits	Varies by account type and tier Higher limits for institutional Rate limiting prevents abuse
Algo Trading Support	Full algorithmic trading support via API Expert advisors not supported (not MT4/MT5) Custom algorithm development Back-testing capabilities limited

Customer Support Overview	24/7 phone, email, and chat support Local Singapore office and team Detailed help center with articles Ticket system for complex issues
Phone Support Hours	24/7 availability Local Singapore number
Live Chat Availability	24/7 live chat support Integrated in platforms
Email Response Time	Typically within 24 hours Priority for time-sensitive issues
Languages Supported	English (primary) Chinese Japanese Other languages varies by region
Local Office Presence	Singapore: Marina Bay Financial District Part of global network with 9 entities
Account Manager	Available for institutional accounts High-net-worth client services Advisor support available
Educational Resources Overview	IBKR Campus: Full learning platform with courses Traders' Academy courses Webinars and seminars Platform tutorials and guides Market commentary and analysis
Beginner Resources	Getting started guides Basic trading concepts Platform introduction videos Demo account for practice
Webinars And Tutorials	Regular live and recorded webinars Platform training sessions Market strategy discussions Product-specific education
Market Analysis And Research	Daily market commentary Technical and fundamental analysis Economic event analysis Access to third-party research
Demo Account Details	Paper trading account with $1M virtual cash Full platform functionality Real market data No time limit on demo account
Trading Courses	Self-paced online courses Trading strategy education Risk management training Advanced topics for experienced traders
Tax Reporting Help	Detailed transaction reports Cost basis tracking Realized P&L statements Tax forms preparation assistance

Regulation Overview	Licensed globally by top-tier regulators MAS licensed in Singapore (CMS101000) SEC, FINRA regulated in US FCA in UK, ASIC in Australia Multiple regulatory jurisdictions
Primary Regulator	Singapore: Monetary Authority of Singapore (MAS) US: Securities and Exchange Commission (SEC) US: Financial Industry Regulatory Authority (FINRA)
License Number	Singapore: CMS101000 Company registration varies by entity
Investor Protection Scheme	Client assets segregated at major banks SIPC protection for US accounts up to $500k Excess SIPC insurance via Lloyd's Singapore accounts: Client asset segregation No negative balance for retail
Security Features	Two-factor authentication (2FA) required Secure Card+ physical authentication Biometric login for mobile apps Advanced encryption protocols Real-time security monitoring IP address restrictions available

Commission Tiers

IBKR Lite: $0 commission US stocks/ETFs flat rate
IBKR Pro Fixed: $0.005/share (min $1) or percentage
IBKR Pro Tiered: Volume discounts up to 300k+ shares
Advisor accounts: Custom structures available

Trading Fees

US stocks: $0 (Lite) or $0.005/share min $1 (Pro)
Singapore stocks: 0.08% min SGD 2.50
Hong Kong: 0.08% min HKD 18
Options: $0.15-$0.65 per contract
Futures: $0.25-$0.85 per contract
All exchange and regulatory fees included

Stock Etf Commission

US: $0 (Lite) or $0.005/share min $1 (Pro)
Singapore: 0.08% min SGD 2.50
Hong Kong: 0.08% min HKD 18

Options Commission

$0.15-$0.65 per contract
Exercise/assignment: $0

Futures Commission

$0.25-$0.85 per contract depending on exchange

Financing Rates

Benchmark rate-based margin rates
Tiered based on balance size
Among industry's lowest rates
Real-time rate transparency

Margin Interest Rate

Varies by currency and balance tier
USD rates from benchmark + spread
Up to 45% lower than industry average

Overnight Fees

Included in margin interest rates
Calculated daily on borrowed amounts

Non Trading Fees

No account maintenance fees
No custody fees for Singapore residents on SGX
Withdrawal: Free for first per month
Subsequent withdrawals may incur fees

Deposit Fee

Withdrawal Fee

Free first withdrawal per month
Subsequent: Varies by method and currency

Inactivity Fee

IBKR Lite: $1.50/month if <$3 monthly commissions
IBKR Pro: $0 with NAV $2k+
Below $2k: May incur monthly fee

Currency Conversion Fee

0.002% to 0.02% based on volume
Tight institutional-grade FX spreads
Real-time rates from top banks

Data Feed Fees

Basic quotes: Free
Real-time streaming: Varies by exchange
Premium data: Subscription available

Order Modification Fee

0 for most markets
Some exchanges charge cancel/modify fees

Vip Fee Tiers

Standard: Volume-based discounts
High volume: Enhanced rebates and lower rates
Institutional: Custom commission structures
Advisors: Special pricing available

Interactive Brokers

Overview

Pros

Cons

Key Highlights

Key Benefits

VIP Program

Available Tools

Detailed Information

Related Products

Pros

Cons