Interactive Brokers is a brokerage firm. Interactive Brokers Friend Referral Bonus Interactive Brokers offers friend referral bonus program right now. Work with best broker since 2014! Not every broker will provide this information upfront; but usually, companies that have the best rates tend to make the most disclosure. Through its Saxo Rewards programme the broker also charges even lower commissions for investors with funding of at least S$300,000 (S$300,000 platinum, S$1,500,000 VIP ). However, Saxo is still a better fit for investors who seek access to a diverse set of asset classes (e.g. For more information, please refer to the toggles below. Registered Office: #40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. When your account value crosses US$100,000, the minimum US$10 a month is waived, which makes it great for buy and hold investors. As such, it can dramatically increase both your gains and losses. IG also offers a comprehensive CFD education platform through IG Academy, which helps new traders get up to speed and even practice risk-free with an account with simulated funds. Use your security code card for authentication. Try the free trial, IBKR Mobile Products cleared include shares, ETFs, REITs, Business Trusts, bonds, structured warrants and Extended Settlement contracts. SGX's securities market operates on the REACH platform, a trading environment powered by NASDAQ OMX’s REACH INET technology. If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more. Trading on margin is only for sophisticated investors with high risk tolerance. Additionally, Saxo is one of the best platforms for trading foreign currencies, since its FX spreads are consistently among the lowest available, beating competitors by a significant margin. Registered Office: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada. Download New API Gateway. For one, it might be useful to actually check out the user interface of each broker’s offering to see if you can understand and operate them easily. Clearing for securities products listed for trading on SGX is provided by the Central Depository (CDP), a wholly owned subsidiary of the Singapore Exchange. So the money is credited only if the other party do trade in the first few months. However, if you are looking to invest in a variety of securities like futures, options, bonds and FX, we think Saxo is still a better option for you especially if you plan to trade frequently. Website: www.interactivebrokers.com.au, Is regulated by the Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE. Perhaps most importantly, it is important to compare the cost of using each investing platform. Phone: +81 (0)3-4588-9700 (On business days from 8:30-17:30 JST). For Traders on the Go, Desktop TWS Website: www.interactivebrokers.co.jp, Is licensed and regulated by the Monetary Authority of Singapore (Licence No. An Introduction to Funds in Singapore: What Are Unit Trusts and ETFs? Costs passed on to clients in IBKR’s Tiered commission schedule may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. SG: S$10; US:$3-$4; JPY1,000-1,500; HKD60-90; EUR6-12, Hong Kong Stocks Commission Fee (Min. Website: www.interactivebrokers.co.uk, Is a member of The Luxembourg investor compensation scheme (Système d’indemnisation des investisseurs, SIIL) and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Registered Office: #40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations. Because of these two features, Saxo can be effective not just for long term investors, but also for frequent traders who invest S$100,000 or less. Ltd. Is licensed and regulated by the Monetary Authority of Singapore (Licence No. 0.5 contracts of spot FX EUR/USD). Phone: +91-22-61289888 | Fax: +91-22-61289898. With a slick platform across desktop and … They have referral code, but it's not a mass referral code to copy and paste. All Personal Accident Insurance Comparison, Key Insurance Policies in 2020 for Working Adults. Structured products and fixed income products such as bonds are complex products that are more risky and are not suitable for all investors. Consider this if you only want to trade US stocks and ETFs. Fee), S$14-S$15(USD10.65) for US stocks, USD10.65 + $0.81 per contract for options, Best Online Trading Platforms in Singapore 2020. In terms of trading securities in non-Singapore markets, Interactive Brokers's commission levels are hard to beat. FCA register entry number 208159. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). Tiger Brokers (Singapore) Pte Ltd (“Tiger Brokers”) holds a Capital Markets Services Licence under the Securities and Futures Act (Cap.289) to conduct regulated activities in Securities, Collective Investment Schemes and Exchange-traded Derivatives Contracts. Cedric Jamie Soh, Director at Seniorcare.com.sg. Which broker should I use I already have Vickers for SG stocks and I want a broker for US market for the lowest possible commission. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial. FCA register entry number 208159. Designed for Active Traders, Write your own automated trading programs, InteractiveBrokers Best for flat fee: FSMOne. We'll help you make informed decisions on everything from choosing a job to saving on your family activities. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page - http://www.interactivebrokers.com/disclosures. If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more. Also, it's only $50 referral fees, not based on sign up, but based on trading in the account. Regn. First, Saxo charges just 0.08% commission on trades, with a minimum cost of S$10 for Singapore stocks ($4 for US stocks), roughly half the cost of what most of its competitors charge. No. The amount you may lose may be greater than your initial investment. You may lose more than your initial investment. Below we highlight two platforms that stand out for CFD trading. Finally, if are interested in investing directly in local startups or SMEs or would prefer to allow the experts to build your portfolio, it is worth considering crowdfunding platforms or robo advisors. Regn. It … First, IG allows investors to adjust their exposure by trading fractions of a contract (e.g. Website: www.interactivebrokers.co.in. Phone: +91-22-61289888 | Fax: +91-22-61289898. Additionally, some brokerages have teams of analysts that provide research reports for companies and markets, which could be valuable to some investors depending on their investment style and aptitude. CMS100917). Before trading security futures, read the Security Futures Risk Disclosure Statement. For those who actively trade their portfolio these are one of the biggest and best-known worldwide. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations. SEBI Registration No. Interactive Brokers Securities Japan Inc. Is regulated by Kanto Local Finance Bureau (Registration No.187) and is a member of Japan Securities Dealers Association and The Financial Futures Association of Japan. The Singapore Exchange (SGX) is an internationalized exchange offering trading and clearing, settlement and depository services and centralized clearing of financial and commodity products. Although it charges a higher minimum commission, (USD $10.65) commission on your trades compared to Saxo's 0.06% on US stocks (USD $4 minimum). Still, Saxo is the best option for those who want access to every market including Singapore. Security futures involve a high degree of risk and are not suitable for all investors. Live Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Products traded on SGX include securities, such as stocks, ADRs, and ETFs, and fixed income products, including retail and wholesale bonds. Registered Office: Kasumigaseki Building 25F, 2-5 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo, 100-6025 Japan. Before trading, please read the Risk Warning and Disclosure Statement at http://www.interactivebrokers.com/disclosures. Registered Office: Level 40, Grosvenor Place, 225 George Street, Sydney 2000, New South Wales, Australia. Before trading security futures, read the Security Futures Risk Disclosure Statement. Before trading, please read the Risk Warning and Disclosure Statement at http://www.interactivebrokers.com/disclosures. Registered Office: Kasumigaseki Building 25F, 2-5 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo, 100-6025 Japan. Some of the brokers like Saxo and POEMS have quite user-friendly platforms, while others have websites that look quite outdated. Options involve risk and are not suitable for all investors. Registered Office: Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR. Interactive Brokers ®, IBSM, InteractiveBrokers.com ®, Interactive Analytics ®, IB Options AnalyticsSM, IB SmartRoutingSM, PortfolioAnalyst ®, IB Trader WorkstationSM and One World, One AccountSM are service marks and/or trademarks of Interactive Brokers LLC. CMS100917). Ltd. Is licensed and regulated by the Monetary Authority of Singapore (Licence No. [http://www.fsa.gov.uk/register/home.do] Registered Office: Level 20 Heron Tower, 110 Bishopsgate, London EC2N 4AY. There are many other factors to consider. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations. ValuePenguin is not in control of, or in any way affiliated with, the content displayed on this website. Find Out More. Ltd. Is licensed and regulated by the Monetary Authority of Singapore (Licence No. Interactive Brokers Singapore Pte. For US stocks, ETFs and warrants, the transaction fees are passed through on all stock sales. INZ000217730; NSDL: IN-DP-NSDL-301-2008. No. Website: www.interactivebrokers.co.in. Website: www.interactivebrokers.com.au, Is regulated by the Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE. Caveat emptor etc. Registered Office: 4 rue Robert Stumper, L-2557 Luxembourg. Need your exact email and name for Interactive Brokers to email over. First, Saxo charges just 0.08% commission on trades, with a minimum cost of S$10 for Singapore stocks ($4 for US stocks), roughly half the cost of what most of its competitors charge. Contracts for difference (CFDs) allow individuals to speculate on the future price of an underlying asset, without actually owning the asset. I am transferring $2000 SGD into my Interactive Brokers account for DCA purpose; however I can't seem to buy $2000 at limit stocks, any advice?