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|Trading Product||Commission Fee||Conditions|
|Stocks, ETFs, Warrants||US$0.0035 per share||Minimum US$0.35 per order with <300,00 share trades per month|
|Options||US$0.25 per contract||Minimum US$0.35 per order if you trade <300,00 shares per month|
|Futures, FOPs||US$0.85 per contract||If you trade <=1,000 contracts per month|
|Metals||1.5 basis points of your trade value (US Spot Gold for example)||If your order is below US$500,000|
|Mutual Funds||Either free or €4.95 (for non-US residents)||Inclusive of regulatory and exchange fees|
|Spot Currencies||0.20 basis point of your trade value||If you trade <=US$1 million per month|
|Single Stock Futures (SSFs)||1 basis point (SGX SSFs, for example)||-|
|Account Features||IBKR Lite||IBKR Pro|
|Citizenship||For US Residents and individuals under the EmployeeTrack programme||For non-US residents|
|Commission Fees||No commission for US exchange-listed stocks and ETFs||Fixed or tiered commission fees|
|Account Minimum||No account minimum||No account minimum|
|Inactivity Fee||No inactivity fee||If monthly commissions are less than US$10, you'll be charged an inactivity/ maintenance fee of US$10 (minus your commissions)|
|Idle Cash Balance||Benchmark minus 1.5%||Benchmark minus 0.5%|
|Interactive Brokers||Saxo||TD Ameritrade|
|Brokerage founded in 1978 in New York City||Founded by the Copenhagen-based Saxo Bank||Founded in 1971, then known as Ameritrade. Later acquired by TD Waterhouse in 2006, and Charles Schwab Corporation in 2020|
|If monthly commissions are less than US$10, you'll be charged an inactivity/ maintenance fee of US$10 (minus your commissions)||US$0 Inactivity fee||US$0 Inactivity fee|
|You'll get to choose between fixed or tiered fees, such as US$0.0035 per stock, ETF, warrant; US$0.25 per options contract; US$0.85 per futures/ futures options contract etc.||0.08% commission for SGX stocks; 0.06% for US stocks; 0.6 pips for FX EUR/USD; US$3 for US stock CFDs; US$3 on US-listed ETFs; 0.05% on US government bonds etc.||$0 no commission fee for online stock, ETFs, options (US markets); US$0.70 per options contract; US$2.41 per futures/ futures options contract; US$7.44 for OTC online stocks|
|Trading Platform – Trader Workstation||SaxoInvestor, SaxoTraderGO, Saxo TraderPro||thinkorswim website, dekstop, and mobile|
|Education – Interactive Brokers offers a full fledge IBKR Campus online with materials for both beginners, intermediate, and advanced traders||Saxo offers trading courses, video tutorials, Saxo Insights, and Saxo Market Call podcasts||TD Ameritrade provides access to market news and insights on the thinkorswim platforms. If you're just learning to trade, there's a 5-week introduction to trading course online|
What is Interactive Brokers' minimum deposit? If you are a Singapore resident using IBKR Pro account, you'll be glad to know that there are no minimum deposits nor minimum account balance to maintain.
How to fund your Interactive Brokers account in Singapore? Like most brokerages, you'll receive Interactive Brokers' local bank details in your email, after which you can follow the instructions and make a bank transfer with your portfolio number pegged to it. It will take up to 4 business days for your fund transfer to be completed.
In a nutshell, Interactive Brokers (IBKR) is an esteemed and globally-recognised multinational brokerage firm founded and based in New York City in 1978. IBKR is most suitable for experienced investors and traders who enjoy trading at higher volumes, across a wider range of trading products, instruments, and markets. The IBKR user should also enjoy optimising and playing around IBKR's several commission fee structures to their favour. Due to the trading platform's complex interface and IBKR's subscription-only advanced market data system, some experienced users may prefer to make use of other trading platforms to do their analysis before returning to trade with IBKR for a preferential commission rate and access to worldwide markets and trading instruments.