What are the fees for trading digital currencies on IBKR Singapore?

3 answers

• forjanenJul 27, 2024 · a year ago
  When it comes to trading digital currencies on IBKR Singapore, there are a few fees to keep in mind. Firstly, there is a commission fee that is charged based on the size of your trade. The commission fee starts at 0.08% and decreases as your trade volume increases. Additionally, there may be a spread fee, which is the difference between the buying and selling price of a digital currency. This fee can vary depending on market conditions. It's important to note that there may also be withdrawal fees when transferring your digital currencies to an external wallet or another exchange. These fees can vary depending on the specific digital currency you are withdrawing. Overall, it's recommended to review the fee schedule provided by IBKR Singapore for the most up-to-date and accurate information.
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• Alarab TransportNov 10, 2020 · 5 years ago
  Trading digital currencies on IBKR Singapore comes with its own set of fees. One of the main fees to consider is the commission fee. This fee is based on the size of your trade and starts at 0.08%. As your trade volume increases, the commission fee decreases. Additionally, there may be a spread fee, which is the difference between the buying and selling price of a digital currency. This fee can vary depending on market conditions. It's also worth noting that there may be withdrawal fees when transferring your digital currencies to an external wallet or another exchange. The specific fees for withdrawals can vary depending on the digital currency you are withdrawing. To get the most accurate and up-to-date information on fees, it's recommended to refer to the fee schedule provided by IBKR Singapore.
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• Sofia MelnykSep 12, 2020 · 5 years ago
  When trading digital currencies on IBKR Singapore, you can expect to encounter various fees. The commission fee is one of the main fees to consider, and it is based on the size of your trade. The commission fee starts at 0.08% and decreases as your trade volume increases. Additionally, there may be a spread fee, which is the difference between the buying and selling price of a digital currency. This fee can vary depending on market conditions. It's important to note that withdrawal fees may also apply when transferring your digital currencies to an external wallet or another exchange. The specific withdrawal fees can vary depending on the digital currency you are withdrawing. For the most accurate and up-to-date information on fees, it's recommended to consult the fee schedule provided by IBKR Singapore.
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