We compared Interactive Brokers’s fees with two similar brokers we selected, Saxo and DEGIRO. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Interactive Brokers alternatives.
Interactive Brokers US stock fees are less than half of the industry average. US stock fees are calculated as follows: Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
For IBKR Pro clients, SMART routing continually scans competing markets and automatically routes orders directly to the best available market based on price while also taking into account factors such as the availability of automatic order execution.
Interactive Brokers has the lowest USD margin rate fees among brokers we reviewed. USD margin rate fees are calculated as follows: Tiered margin rate. Lowest tier has a rate of 6.83% at IBKR PRO (7.83% at IBKR Lite)
Interactive Brokers’s margin rates are one of the best in the industry for IBKR Pro customers. However, if you choose the IBKR Lite plan, you’ll be charged a higher annual rate – for example, the markup is 2.5% for IBKR Lite under $100k, while it’s 1.5% in the case of IBKR Pro.
Interactive Brokers US stock index options fees are about half of the industry average. US stock index options fees are calculated as follows: Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min
Interactive Brokers does not have a monthly inactivity fee, and it doesn’t charge an account or deposit fee, either. The first withdrawal each month is free of charge while subsequent withdrawals carry a fee (e.g. $10 in case of USD withdrawal).
Average mutual fund commission: trading mutual funds involves the following charges – $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 19,000 funds with no transaction fee.
Low futures fees: US index futures fees are as follows – $0.25 per contract.
Average FX fees: Interactive Brokers charges a forex commmission: Trade value less than $1 billion: 0.2 bps * trade value; min. $2. Spread costs come on top of this, e.g. the EUR/USD spread is 0.2.
Low spot crypto fees: at Interactive Brokers, crypto trading costs 0.12% to 0.18% of trade value with a USD 1.75 minimum per order (but the minimum is subject to a cap of 1% of trade value).
Low bond commission: US treasury bonds come with the following charges – For the first $1,000,000 face value: 0.002% of trade value with $5 min. Free with IBKR Lite that is available for US and Indian clients..
High index CFD fees: Interactive Brokers charges a commission for index CFDs, calculated as 0.005% of trade value with $1 min. There is also a spread cost. For example, the S&P 500 index CFD spread is 0.4.
Low stock CFD fees: the commission for stock CFD trading is the following – Below $300,000 monthly volume: $0.005 per share with $1 min.
Check out this article for a detailed analysis of all the fees, commissions and other charges levied by Interactive Brokers.
