- Through IBKR, I can buy and sell stocks in a lot of markets. Much more than most brokers out there. (Currently, as a Singaporean, you cannot use IBKR to trade the stocks listed on SGX in Singapore but foreigners can. This will change with the launch of IBSG or Interactive Brokers Singapore later this year)
- IBKR’s commissions for most markets are low. Based on my trading size of $3000 to $10,000 the commissions for the US is US$1 per trade, US$5 if I were to purchase low-cost exchange-traded funds like IWDA or VWRA on the London Stock Exchange
There are enough people asking me how I achieved my low trading commissions. Well, I do not think they are that low. So maybe I can share more.
Early this year, I decided to add Interactive Brokers to the brokers at my disposal.
There are a few reasons I decide to add Interactive Brokers or IBKR for short to my wealth management platforms.
Here is a short list:
