Interactive Brokers vs Saxo: brokerage fees compared

S$5,000 SGX buy order: Interactive Brokers (IBKR Pro (Fixed)) S$4.36; Saxo (Saxo Classic) S$6.37. US$5,000 US buy order (at US$100 a share): Interactive Brokers (IBKR Lite) US$0.00; Interactive Brokers (IBKR Pro (Fixed)) US$1.09; Saxo (Saxo Classic) US$4.36. Standard published rates, GST included, verified 26 Oct 2026.

Not financial advice. These are the standard fees each broker publishes, as found when we last checked. They exclude promotions, FX conversion costs and fees charged only when you sell. Fees can change at any time; verify with the broker before you trade. Order is by total cost only.

SGX

Broker / plan	S$1,000	S$5,000	S$10,000	S$50,000
Interactive BrokersHolding not stated IBKR Pro (Fixed)	S$2.73	S$4.36	S$8.72	S$43.60
SaxoCustodian Saxo Classic	S$3.68	S$6.37	S$12.72	S$63.60

Total cost of one buy order, standard rates, GST 9% included. Highlighted = lowest in each column. Sorted by the S$5,000 column.

Saxo fee information: Source: Saxo Markets, www.home.saxo/sg (Saxo disclaimer).

US shares

Broker / plan	US$1,000	US$5,000	US$10,000
Interactive Brokers IBKR Lite	US$0.00	US$0.00	US$0.00
Interactive Brokers IBKR Pro (Fixed)	US$1.09	US$1.09	US$1.09
Saxo Saxo Classic	US$1.09	US$4.36	US$8.72

Total cost of one buy order, standard rates, GST 9% included, share price US$100.00. Highlighted = lowest in each column. Sorted by the US$5,000 column.

Saxo fee information: Source: Saxo Markets, www.home.saxo/sg (Saxo disclaimer).

How SGX shares are held

IBKR Pro (Fixed) (Interactive Brokers): Holding not stated
Saxo Classic: Custodian

Interactive Brokers fees Saxo fees Calculator with all brokers