What trading Interactive Brokers costs
Tiered pricing: at least US$5.48 a round turn on 1 standard lot, 0.1 pips of spread (US$1.00) plus US$4.48 commission
| Account | A month of trading | One round turn, 1 lot |
|---|---|---|
| Tiered pricing0.1 pips, published minimum ("as narrow as 1/10 PIP"), for spot currencies, EUR/USD not named, commission 0.20 bps of trade value, US$2.00 minimum an order (interactivebrokers.com.sg, 5 October 2026) | at least US$109.67 | at least US$5.48 |
A pip on EUR/USD is US$10.00 per standard lot, so the cost of a round turn is the spread in pips times that, plus any commission.
Commission costed on EUR 100,000 at EUR/USD 1.1209, the rate on 9 October 2026
Our verdict on Interactive Brokers
I would point active, multi-market traders here. The firm states a Tier I commission of 0.20 basis point times trade value with a US$2.00 minimum per order, and pricing of that shape suits a trader working large orders better than a small one. One thing gives me pause: the funding score of 2.9 out of 10 is the lowest of the eight category scores from the same global test.
Interactive Brokers Singapore Pte. Ltd. is a Capital Markets Services Licensee on the MAS Financial Institutions Directory, and no MAS enforcement action or media release names the licensee as its subject. The published score is 62.3 out of 100 from our global broker test, not a Singapore test, and it places the firm sixth of 18 in our rated Singapore set.
Pros
- The MAS Financial Institutions Directory, read on 24 September 2026, lists Interactive Brokers Singapore Pte. Ltd. as a Capital Markets Services Licensee.
- The firm states a minimum balance of US$0 on its IBKR Pro and IBKR Lite accounts.
- The firm states a Tier I commission of 0.20 basis point times trade value, with a US$2.00 minimum per order.
- The firm states its accounts can be funded and traded in up to 29 currencies.
- The firm states a Paper Trading demo with simulated funds is available.
Cons
- The firm's Singapore pages do not state an EUR/USD spread for its accounts.
Interactive Brokers score breakdown
| Area | Rating |
|---|---|
| Trading Costs | 7/10 |
| Trading Experience | 4.75/10 |
| Trust | 9/10 |
| Trading Platform | 4/10 |
| Customer Service | 6.4/10 |
| Range of Markets | 6.9/10 |
| Education | 9/10 |
| Funding | 2.9/10 |
How popular is Interactive Brokers in Singapore?
In August 2026, Interactive Brokers was the most searched of the 9 MAS-licensed firms we rate on a global score, on 62,410 branded Google searches from Singapore. The Interactive Brokers figure counts searches for the whole Interactive Brokers brand. Search interest measures attention, not quality; the score above is the review verdict.
- 62,410
- Brand searches, August 2026
- 0.0%
- vs July 2026
- 13,560
- Login searches
- 72.0%
- Share of these 9 firms' searches
Source: Google search volume, Singapore, August 2026.
How this is measured
Google Ads reports how many times a month people in Singapore searched each broker's brand terms, and the brokers are ranked on that figure alone.
A term counts for a broker only when that broker's own website holds the first organic Google result for it in Singapore; bare brand words that any company could own are left out.
A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.
The figures refresh on the 15th of each month with the newest month Google has published, and the first-result check repeats every quarter.
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.
| Fact | What the record says | Source |
|---|---|---|
| Legal name on FID | Interactive Brokers Singapore Pte. Ltd. | MAS Financial Institutions Directory, read 24 September 2026 |
| Licence types on FID | Capital Markets Services Licensee | MAS Financial Institutions Directory, read 24 September 2026 |
| Products FID lists under Dealing In Capital Markets Products | Securities; Collective Investment Schemes; Exchange-Traded Derivatives Contracts; Over-The-Counter Derivatives Contracts; Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign Exchange Trading | MAS Financial Institutions Directory, read 24 September 2026 |
| FID record last updated | 26 August 2026 | MAS Financial Institutions Directory, read 24 September 2026 |
| MAS enforcement actions and media releases naming the entity as subject | None found, searched 24 September 2026 | MAS enforcement actions and media releases, searched 24 September 2026 |
| Entity printed on the Singapore site | Interactive Brokers Singapore Pte. Ltd. | Firm's Singapore site, read 24 September 2026 |
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.
MAS enforcement and alerts
A search of MAS enforcement actions, media releases and the Investor Alert List on 24 September 2026 under 4 search terms (Interactive Brokers Singapore Pte. Ltd., Interactive Brokers, IBKR, IB) returned no MAS enforcement action against this company.
Source: the Monetary Authority of Singapore, mas.gov.sg, searched 24 September 2026.
Interactive Brokers at a glance: 3 key facts
| Fact | What the record says | Source |
|---|---|---|
| Minimum deposit, as the firm states it | USD 0, minimum balance (IBKR Pro and IBKR Lite columns) | Firm's Singapore site, read 24 September 2026 |
| Demo account | Available (Paper Trading) | Firm's Singapore site, read 24 September 2026 |
| Deposit and trading currencies | deposit and trade in up to 29 currencies | Firm's Singapore site, read 24 September 2026 |
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.
| Fact | What the record says | Source |
|---|---|---|
| Tiered pricing: spread, no pair named, advertised | 0.1 pips, minimum ("as narrow as") | Firm's Singapore site, read 24 September 2026 |
| Tier I: commission | 0.20 basis point x trade value | Firm's Singapore site, read 24 September 2026 |
| Minimum per order: commission | USD 2.00 (Tier I) | Firm's Singapore site, read 24 September 2026 |
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 deposits and withdrawals
Funding route: wire transfer, cheque, direct bank transfer (ACH), other methods its funding page lists (Firm's Singapore site, read 24 September 2026)
Withdrawals, as the firm states them: two withdrawal requests per calendar month without an IBKR charge, then a per-withdrawal fee by currency and method (Firm's Singapore site, read 24 September 2026)
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.
Account types on the Singapore site: IBKR Pro, IBKR Lite, individual, joint, trust, cash or margin (Firm's Singapore site, read 24 September 2026)
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.
If you are opening your first account, the firm states a minimum balance and its Singapore site advertises a paper trading demo with simulated funds. Our page of forex brokers for beginners in Singapore lists Interactive Brokers among the twelve brokers that do both.
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 app
Interactive Brokers' app IBKR Mobile - Invest Worldwide is rated 4.1 out of 5 from 1,356 ratings on the Singapore App Store, checked 1 October 2026.
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.
| Fact | What the record says | Source |
|---|---|---|
| Product: spot FX | spot currencies (100+ pairs) | Firm's Singapore site, read 24 September 2026 |
| Product: FX CFDs | Offered | Firm's Singapore site, read 24 September 2026 |
| Product: other CFDs | Share, Index | Firm's Singapore site, read 24 September 2026 |
| Platforms on the Singapore site | Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation, IBKR GlobalTrader | Firm's Singapore site, read 24 September 2026 |
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).
Risk warning, as the firm prints it: margin trading is for experienced investors; you may lose more than your initial investment (Firm's Singapore site, read 24 September 2026)
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 18, 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 | 5,507 | 1 October 2026 |
| TradingView | 4.2 / 5 | 39,478 | 2 October 2026 |
Interactive Brokers holds a Trustpilot rating of 3.1 out of 5 from 5,507 reviews, checked 1 October 2026.
On TradingView, Interactive Brokers is rated 4.2 out of 5 from 39,478 ratings, checked 2 October 2026. The TradingView profile for Interactive Brokers shows 396.1K traders, the count of those who have connected an account through TradingView. TradingView shows the Best 2025 badge on the profile.
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.
Testing log
| Record | Detail |
|---|---|
| MAS Financial Institutions Directory read | 24 September 2026 |
| MAS enforcement actions, media releases and Investor Alert List searched | 24 September 2026 |
