In this learning investing/trading post, I am going to show how to fund your IBKR(Interactive Brokers) brokerage account.
Normally for Singaporean investors, we would just simply do a bank transfer. However, for IBKR, we would have to fund your brokerage by wiring money to it(which is pretty much the same as a bank transfer)
*Do refer to my guide on how to set up an IBKR(Interactive Broker) account if you have not done so, here.
So, why choose IBKR(Interactive Brokers) as a brokerage?
Pros
Good customer service, I did ask some queries even before my account was approved regarding whether there is any charges on wire transfer(There are no charges, btw) using the chat interface and was answer promptlyFees of $0.005 per share or min $1.00 USD( Cons
Singaporean are only able to invest other country stock(US and UK) and cannot use IBKR to invest in Singapore stockMust transfer money to your custodian bank...