Interactive Brokers Launches IBKR Lite in Singapore
GREENWICH, Conn.—(BUSINESS WIRE)—Interactive Brokers (Nasdaq: IBKR), a leading automated global electronic broker, has announced the rollout of its IBKR Lite plan in Singapore. This offering provides local investors with an entirely commission-free platform to trade US stocks and ETFs around the clock.
CEO Remarks on the Launch
Yujun Lin, CEO of Interactive Brokers Singapore, expressed enthusiasm about the launch, stating, "We are excited to bring genuine zero-commission US stock trading to investors in Singapore."
Transparency and Cost-Effectiveness
Unlike some brokers claiming 'zero commissions' while imposing platform or settlement fees, the Singaporean IBKR Lite plan ensures complete transparency, with no commissions, platform fees, settlement charges, or minimum deposit requirements. This enables Singaporean traders to access US markets efficiently and affordably.
Comparison with IBKR Pro
The IBKR Lite service complements the existing IBKR Pro pricing option, which uses IB SmartRouting℠ to optimize trade executions. Clients can freely switch between Lite and Pro based on th...