GlobalTrader Pricing | Interactive Brokers Singapore Pte. Ltd. (2024)

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Interactive Brokers Group Cookie Policy


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How We Use Cookies and Web Beacons

Interactive Brokers Group collects information from cookies and web beacons and stores it in an internal database. This information is retained in accordance with our Privacy Policy. This website uses the following cookies and web beacons:

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can configure your browser to block or alert you about these cookies, but certain areas of the site will not function properly. These cookies do not store any personal data.

Performance Cookies and Web Beacons

These cookies and web beacons allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information that these cookies and web beacons collect is aggregated and, therefore, anonymous. If you do not allow these cookies and web beacons our aggregated statistics will not have a record of your visit.

The website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google"). Google Analytics uses cookies to help analyse how you use this website. The information generated by the cookie about your use of this website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purposes of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Google will not associate your IP address with any other data held by Google.

Functional Cookies

These cookies enable the website to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Marketing Cookies and Web Beacons

These cookies and web beacons may be set throughout our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant advertisem*nts on other sites. They do not store personal information that could identify you directly, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies and web beacons, you will experience less targeted advertising. The website does not track users when they cross to third party websites, does not provide targeted advertising to them and therefore does not respond to Do Not Track ("DNT") signals.

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This website may link through to third party websites which may also use cookies and web beacons over which we have no control. We recommend that you check the relevant third parties privacy policy for information about any cookies and web beacons that may be used.

GlobalTrader Pricing | Interactive Brokers Singapore Pte. Ltd. (2024)

FAQs

GlobalTrader Pricing | Interactive Brokers Singapore Pte. Ltd.? ›

USD 0.005 per share with a minimum of USD 1.00. No account minimums or platform fees. SGD 5.00 per Singapore option contract. USD 0.15 to USD 0.65 per US option contract.

How much does Interactive Brokers charge in Singapore? ›

Commissions. Singapore: 0.08% of the trade value with a minimum of SGD 2.50.

How much does IBKR cost monthly? ›

Interactive Brokers does not have a monthly inactivity fee, and it doesn't charge an account or deposit fee, either. The first withdrawal each month is free of charge while subsequent withdrawals carry a fee (e.g. $10 in case of USD withdrawal).

Is Interactive Broker licensed in Singapore? ›

Licensed by Monetary Authority of Singapore (MAS)

Interactive Brokers Singapore Pte.

Is Interactive Brokers a Chinese company? ›

(IB), headquartered in Greenwich, Connecticut, is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades - in 2023, it processed an average of 3 million trades per trading day.

Is IBKR good in Singapore? ›

Yes, it is safe to use Interactive Brokers. Interactive Brokers (IBKR) is a multinational brokerage founded in New York City in 1978. Today, IBKR operates worldwide in 33 countries, including Singapore where all brokerages like IBKR are regulated by the Monetary Authority of Singapore (MAS).

Are Interactive Brokers fees high? ›

Commissions range from 15 cents to 65 cents. Lite customers pay a flat 65 cents per contract, while Pro customer fees vary depending on premium value. Frequent and high-volume traders benefit from the lower-tiered fee schedules.

Is there a fee for withdrawal from IBKR? ›

In "Connect Your Bank via ACH" it says: One free withdrawal is allowed per calendar month. Subsequent withdrawals using this method will incur a fee of USD 1.00 at IBKR.

Is there a monthly inactivity fee for IBKR? ›

Monthly Account Inactivity Fees Were Eliminated

As of July 1, 2021, we eliminated inactivity fees for most account types, so there is no longer a USD 10 charge for not maintaining a minimum balance or transaction activity with your account. The change will be reflected on August 2021 account statements.

How much money i need to open an account with Interactive Brokers? ›

How much do I need to open an Interactive Brokers account? To open an Interactive Brokers account, the required minimum deposit for a basic Cash account is $0, meaning there is no minimum deposit. To actually start trading, you need to deposit at least $100.

Can US citizens use Interactive Brokers? ›

US Residents

Interactive Brokers generally verifies the names and addresses of its US-resident applicants electronically. If we are unable to verify your identity electronically, you will be asked to provide additional documents.

Can US citizens open a brokerage account in Singapore? ›

Yes, it's possible to open a brokerage account in Singapore as a foreign non-resident. Two of the best brokers in Singapore for foreigners are Saxo and iOCBC.

How to withdraw funds from IBKR Singapore? ›

Enter Withdrawals
  1. Click Transfer & Pay > Transfer Funds. ...
  2. If you have multiple accounts or account partitions, or if you have a master account and you manage one or more client or sub accounts, the Account Selector opens. ...
  3. From the menu options select Make a Withdrawal.

Is it safe to trade with Interactive Brokers? ›

Is Interactive Brokers trustworthy? Yes. It's a publicly listed company and has been around a long-time as an online broker with over 2m users around the world.

Which broker is better than Interactive Brokers? ›

Interactive Brokers and its alternatives compared
BrokerWeb platform scoreMobile platform score
Fidelity4.5 /55.0 /5
Zacks Trade4.3 /53.5 /5
Charles Schwab4.3 /54.7 /5
Webull5.0 /55.0 /5
7 more rows
6 days ago

Do I actually own stock on Interactive Brokers? ›

Unlike a mutual fund investor, you continue to be the direct owner of the underlying securities that are held in your own brokerage account. Your assets are held in an Interactive Brokers LLC brokerage account in your own name.

How much does Interactive Brokers charge for foreign currency? ›

For currency trades executed under the auto currency conversion service, IB will typically add or subtract (at its discretion) 0.03% to the exchange rate that would otherwise apply.

Is Interactive Brokers Singapore insured? ›

Interactive Brokers LLC is a U.S. Broker/Dealer and not a Bank, as such Interactive Brokers' accounts are not eligible for FDIC coverage, but are insured through SIPC.

How do I fund my Interactive Brokers account in Singapore? ›

There are 3 key ways to fund your IBKR account, namely through (i) Direct transfer from Wise balance, (ii) Direct ACH funding via Instarem, or (iii) Funding your IBKR account through a Singapore (SG) bank account.

How old do you have to be to open an IBKR account in Singapore? ›

We offer many client account structures that are designed to meet the specific needs of individual traders and investors, including Individual, Joint, IRA and UGMA/UTMA accounts. Minimum Age Requirements: Margin Account: 21 years of age. Cash Account: 18 years of age.

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