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Why You Should Probably Switch to Interactive Brokers (IBKR) Right Now
By TortoiseMoney  •  July 12, 2021
Now, if you’ve seen my broker comparison here, you would know that I use Interactive Brokers as my main broker and have been doing so for about the past 1 year now, having switched from a mix of Standard Chartered and FSMone.

But as most people are also likely aware, Interactive Brokers is known for one thing:

Their infamous inactivity charge.

This charge is levied on every account with less than USD100k in it and can be either USD3 or USD10 per month depending on your age. That’s a hefty price to pay to just hold some shares in your account no?

AND YES, I agree!

So, what changed?

Aha, but just a few days back, on the first of July, something very magical happened…

Interactive Brokers officially removed their inactivity charge, woohoo! Which, in my eyes at least, officially make them the undisputed best broker available to Singaporeans (for now).

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By TortoiseMoney
Hi there! My name is Chris, and welcome to TortoiseMoney. I’m a dude from Singapore in my mid-twenties in Accounting (I know, typical), with a dream that many around me might consider impossible: to retire at 40, travel the world and start a small business. Well, when did this all start? Let’s go back, way back…
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