Interactive Brokers (NASDAQ: IBKR) rolled out its zero-commission trading service in Singapore, allowing local investors to trade US stocks and exchange-traded funds (ETFs) without paying the platform and settlement fees.

Interactive Brokers Brings Zero-Fee US Stock Trading to Singapore

The automated electronic broker launched its IBKR Lite pricing plan in Singapore, competing with local and international platforms for a slice of the city-state's investment market. Singapore residents can now trade American equities around the clock, five days a week, without minimum account requirements.

IBKR claims the new service differs from competitors who advertise "zero commissions" while charging additional platform or settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term fees. Interactive Brokers' Singapore operation reportedly eliminates these hidden costs, according to the company.

"We're pleased to bring zero-commission US stock trading to investors in Singapore," said Yujun Lin, Chief Executive Officer of Interactive Brokers Singapore. "With IBKR Lite, clients benefit from cost-effective access to the US markets, with zero commissions and no platform or settlement fees."

The launch targets Singapore's retail investors who want exposure to US markets but face time zone challenges. Interactive Brokers addresses this through overnight trading on more than 10,000 US stocks and ETFs, allowing trades during Asian business hours even when American markets are closed.

Crossover Markets, a crypto ECN firm, has also recently entered the local market, joining the trend among financial companies that are choosing the country as a base for their Asian operations.

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Additional Trading Options

Singapore clients can switch between the commission-free IBKR Lite plan and the firm's existing IBKR Pro service, which uses the company's SmartRouting system for order execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term optimization. Both plans provide access to the broker's trading platforms and global market reach.

The service includes fractional share trading for investors with smaller account balances and automated recurring investment options for long-term strategies. Clients also earn income through the Stock Yield Enhancement Program on fully-paid shares and receive competitive interest rates on uninvested cash.

Interactive Brokers operates across more than 160 global markets, with physical presence in Singapore since 2020, handling stocks, options, futures, currencies, bonds, and funds. The Singapore expansion reflects the firm's push into Asian markets where investors increasingly seek direct access to US equities.