Interactive Brokers Review for Singapore Traders

Is Interactive Brokers safe? MAS licence, Interactive Brokers Singapore Pte. Ltd.

Yes, Interactive Brokers Singapore Pte. Ltd. is a Capital Markets Services Licensee on the MAS Financial Institutions Directory, read on 24 September 2026, and we found no MAS enforcement action or media release naming the licensee as its subject.

The firm’s own Singapore site, which we read on the same date, prints the same legal entity, so the name a client contracts with matches the name on the register.

MAS actions and the Investor Alert List

We searched MAS’s enforcement actions, media releases and the Investor Alert List on the same read, for the licensee’s name and for “Interactive Brokers”, “IBKR” and “IB”. No item names Interactive Brokers Singapore Pte. Ltd. in any role.

This page covers Interactive Brokers Singapore Pte. Ltd., the entity a Singapore client contracts with, while our Interactive Brokers review covers the brand worldwide.

Interactive Brokers at a glance: 3 key facts

Interactive Brokers spreads and commission

The firm’s Singapore pages do not state an EUR/USD spread, so its headline FX pricing cannot be compared here with a rival’s stated figure. What the firm does state is its commission schedule.

Commission

The firm states a Tier I commission of 0.20 basis point times trade value, with a minimum per order of US$2.00 (Tier I). In my view that minimum matters more than the rate for small orders, because a per-order floor bites hardest on the smallest trades.

What it costs to trade with Interactive Brokers

What a trade costs here is the commission the firm states, set out in the spreads section. I would price a full position, not a single order, before judging the firm cheap.

Other fees a Singapore trader should check

Before you fund an account, check the firm’s Singapore site for any withdrawal fee, inactivity charge, or currency conversion cost. Ask the firm in writing if a page does not answer.

Interactive Brokers account types and minimum deposit

Which of the account types the firm states for Singapore clients you choose is the decision I would take longest over. If you are starting out, keep the account simple; take the more complex arrangements only once you accept the risk warning printed in the leverage section.

Minimum deposit

The firm states a minimum balance of US$0, on the IBKR Pro and IBKR Lite columns of its accounts page. Its Singapore site also states a Paper Trading demo and the option to fund and trade in up to 29 currencies. A zero minimum suits a first account: start small while you learn the software.

Interactive Brokers trading platforms

The firm states five platforms on its Singapore site: Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation, and IBKR GlobalTrader. That spread of software tells me the firm serves the professional who lives in a workstation and the phone-first trader at the same time. If you are starting out, I would begin with Client Portal and move up only if the simpler tools run out.

Interactive Brokers execution speed and slippage

Our global panel holds no fill time for this firm, so this page states no execution speed and no rank for it. What that means for you is simple: no figure here will tell you how quickly an order placed from Singapore travels, and you should not weigh this firm on speed either way until you have evidence of your own.

Interactive Brokers markets

My read is that the breadth suits you if you want several asset classes under one login rather than a single-market specialist.

Interactive Brokers leverage and margin for Singapore clients

The rule that binds every MAS licensee is set by the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations (Rg 13), regulation 24A and the Fourth Schedule, Table 18: a 5% minimum margin for a retail customer (20:1, our arithmetic) and 2% for an accredited, expert or institutional investor (50:1, our arithmetic).

The firm’s own risk warning is worth reading before you choose any margin arrangement: margin trading is for experienced investors, and you may lose more than your initial investment.

How Interactive Brokers compares with CMC Markets and Saxo

CMC Markets sits above Interactive Brokers in our rated Singapore set of 16, with a score of 64.6 out of 100 from our global broker test, not a Singapore test. CMC Markets Singapore Pte Ltd advertises an EUR/USD minimum of 0.5 pips on its CFD (Next Generation) account on its trading-costs page, a 0.8 pip “Standard CFD account Min Spread” on its active-trader page, and a 0 pip minimum on FX Active. This firm’s pricing is the commission schedule in the spreads section, so the two are not directly comparable.

Saxo Capital Markets Pte. Ltd. sits one place below, at 60.1 out of 100 from the same global test. My judgement: a trader who wants a stated EUR/USD figure before depositing will find CMC Markets publishes one, while this firm’s approach is covered in the spreads section. Read each firm’s Singapore pages before you decide.

What other review sites say about Interactive Brokers

These are ratings of Interactive Brokers from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	3.1 / 5	5,490	10 September 2026
TradingView	4.2 / 5	39,080	10 September 2026
App Store (United States)	4.5 / 5	11,446	10 September 2026
Google Play	4.5 / 5	75.2K	10 September 2026

Interactive Brokers holds a Trustpilot rating of 3.1 out of 5 from 5,490 reviews, checked 10 September 2026.

On TradingView, Interactive Brokers is rated 4.2 out of 5 from 39,080 ratings, checked 10 September 2026. The TradingView profile for Interactive Brokers shows 390K traders, the count of those who have connected an account through TradingView. TradingView shows the Best 2025 badge on the profile.

Interactive Brokers' app IBKR Mobile - Invest Worldwide is rated 4.5 out of 5 from 11,446 ratings on the United States App Store, checked 10 September 2026.

IBKR Mobile is rated 4.5 out of 5 on Google Play (United States store) from 75.2K reviews shown worldwide, checked 10 September 2026.

Our score is based on published criteria and is not influenced by these third-party ratings.

Should you open an account with Interactive Brokers?

Yes, I would point a Singapore trader who wants a wide product range and no minimum balance to Interactive Brokers Singapore Pte. Ltd., with the funding and withdrawal terms checked first.

Before you deposit, read the firm’s record on the MAS Financial Institutions Directory yourself, and ask the firm directly for its funding, withdrawal, and client money terms in writing.