Overall, IBKR Pro is designed for professionals, while IBKR Lite is designed for casual investors. Interactive Brokers has two trading platforms: IBKR Lite and IBKR Pro. Personalised, bite-sized reads, money hacks and product recommendations. Maintenance fee: USD$0 maintenance fee for IBKR Lite users, while IBKR Pro users face a maintenance fee of up to USD$10 per month, less commission paid that month. Currently, IBKR Lite is only offered to direct US clients, or clients of an Introducing Broker. Pages Businesses Finance Financial Service Interactive Brokers Videos IBKR Lite vs. IBKR Pro. Lite customers have to wait until 7:00 am. Get your full, exclusive copy of The Ultimate Savings Guide for COVID-19 and Beyond, including tips on reducing unnecessary expenses, creating additional income streams and more! There is also no platform fee, inactivity fee and minimum deposit required. IBKR is best for those looking for an affordable and innovative online broker that provides access to stocks listed in multiple markets. They can start trading at 4:00 am, EST. IBKR Lite is the more appropriate platform for the average investor because it has low costs and is simple to use, yet has similar investment capabilities to IBKR Pro. Or rather, a Singaporean investor’s only choice when using IBKR, unless you are a US resident or fall under the Employee Track. If you’d prefer to do your own learning and research, IBKR has a campus that can help you understand and utilise their offerings. Forums > Company Specific > Interactive Brokers > IB executions lite vs pro. To find out if you’re an IBKR Lite or IBKR Pro user, you just have to log in and the IBKR Lite or IBKR Pro logo will be displayed on your browser. It’s also ideal for those that make at least multiple transactions each month, in order to avoid the account maintenance fee. The platform experience is nearly identical for both offerings. Your personal and financial data stays safe through 2-factor authentication. Overview After TD Ameritrade announced $0 commissions on U.S. equity trades, Interactive Brokers launched IBKR Lite… Here are the steps that you’ll go through to create your IBKR account: To fund your account, you will have to transfer funds (or assets) via a method such as bank wire. It operates the largest electronic trading platform in the U.S. by number of daily average revenue trades. IBKR Pro … Broker clients of any residency (broker must opt into IBKR Lite for all their clients). A major barrier for new investors is often the minimum capital required to get started. Introducing Brokers cannot have both IBKR Lite and IBKR Pro clients under the same account structure. Key IBKR Lite features will include: Interest charged for margin loan: 1% lower for IBKR Pro users, with lower rates for higher loan values. Interactive Brokers is known for large selection of tradable securities, low commissions and quality trading platform. Your ideal portfolio could be made up of assets such as stocks, bonds, funds and more. OPEN AN ACCOUNT. TD Ameritrade: One of the largest US online brokers, TD Ameritrade has been making waves with their zero commission promotion. However, this $0 commission applies to US exchange-listed stocks, ETFs and option trades only. IBKR Pro: For everyday investors in Singapore. Fixed pricing: With fixed pricing, you are charged a fixed rate per share that includes all exchange and regulatory fees. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. To find the fees IBKR charges for other countries, you can check out the list of commissions here. I just made my IBKR account, but I noticed that it says my account is IBKR Pro which I don't remember choosing. You enjoy a simplified trading experience that comes along with free access to market data from primary exchanges. Lastly, if you’re still unsure if IBKR is for you, check out this article for the best brokerage accounts in Singapore. Interactive Brokers offer primarily two plans for your accounts – IBKR Pro, or IBKR Lite. “ “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. Interactive Brokers does offer FDIC insurance for IBKR Pro clients. With the affordable rates for the fixed pricing, tiered pricing could better suit those that trade frequently and with larger volumes. The new … These competitive fees do not only apply to stocks, but also for other asset classes such as forex as well. IBKR Lite offers unlimited $0 commissions on US-listed stocks and Exchange Traded Funds (ETFs) trades, with no account minimum required and no inactivity fees. more people are now investing and trading, differences between IBKR Lite vs IBKR Pro, Best Brokerage Accounts To Start Your Investment Journey In Singapore, Investing In Exchange Traded Funds (ETFs): A Newbie’s Guide To Getting Started, Guide To Real Estate Investment Trusts (REITs), And Whether You’re Ready For It, Gold Investment In Singapore: The Gold Standard Guide, Endowus Review: Investing Your Cash, CPF And SRS Money At Low Fees, IBKR Pro users incur an account maintenance fee if not many trades are made, Invest globally in a multitude of products via a single account, Not everyone is eligible to open an IBKR Lite account — one that offers commission-free US stocks and ETF trading, Tools to bring your trading to the next level. Tiger Brokers: A new broker that made an impact upon their launch, Tiger Brokers only entered the Singapore market in March 2020. Interactive Brokers LLC is a U.S.-based brokerage firm. You pay for what you get. Despite being new to set up camp in Singapore, IBKR is already a well-known brokerage and has been used by many investors in Singapore prior to this. IBKR Pro clients access the IB SmartRouting SM system, which provides $0.47 per 100 shares price improvement vs. the industry. SingSaver.com.sg’s comparison tool helped me decide on an air miles card in 10 minutes.” ”, “ “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month.