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Interactive Brokers Fees Explained

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Interactive Brokers is a leading brokerage firm with a transparent fee structure. It has top-tier licenses from FINMA, IIROC, FCA, MAS, FSA, SFC, and CFTC. Interactive Brokers offers premium trading services with low trading and non-trading fees.

Assets Fee level Fee terms
US stock feeLow$0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
EURUSD feeAverageTrade value less than $1 billion: 0.2 bps * trade value; min. $2
US tech fund feeAverage$14.95 per transaction or 3% of trade value, whichever is lower
Inactivity feeLowNo inactivity fee

Each online broker has a specific fee policy. This article discusses the fees at Interactive Brokers.

Trading Fees

Interactive Brokers has low trading fees. For example, the stock fee for a $2,000 trade is $1. We analyze online brokers with real accounts and money. Our results depend on many criteria, including trading volume. Read our in-depth reviews to learn more about the trading fees at Interactive Brokers.

Interactive Brokers Saxo Bank TradeStation Global
US stock$1.0$10.0$1.5
UK stock$4.2$11.2$2.4
German stock$3.6$12.0$2.4

Financing Rates

Interactive Brokers has low financing rates. For example, the yearly financing rate for Apple CFD is 1.6%. Financing rates are essential if you want to hold your positions long.

Interactive Brokers Saxo Bank TradeStation Global
Apple CFD financing rate1.6%3.6%1.6%
Vodafone CFD financing rate1.5%3.5%1.5%
EURUSD financing rate1.7%1.7%1.7%
EURGBP financing rate1.6%1.5%1.6%

Non-trading Fees

This broker has low non-trading fees. Non-trading fees are an important aspect of online trading. The withdrawal and deposit fee at interactive Brokers is $0. Verify our in-depth reviews to read about non-trading fees at Interactive Brokers.

Interactive Brokers Saxo Bank TradeStation Global
Withdrawal fee$0$0$0
Deposit fee$0$0$0
Inactivity feeNoYesNo
Account feeNoNoNo

Deposit Fees

Interactive Brokers doesn’t charge a fee for deposits from bank transfers. Deposit fees happen when transferring funds from your personal accounts to your brokerage account. The best brokerage firms offer fee-free deposits.

Interactive Brokers Saxo Bank TradeStation Global
Bank transferYesYesYes
Credit/debit cardNoYesNo
Electronic walletsNoNoNo
Deposit fee$0$0$0

Withdrawal Fees

Interactive Brokers does not charge a withdrawal fee for bank transfers. Charging a withdrawal fee is common among leading online brokers. Read our in-depth reviews to discover insights about trading costs at Interactive Brokers.

Interactive Brokers Saxo Bank TradeStation Global
Bank transferYesYesYes
Credit/debit cardNoYesNo
Electronic walletsNoNoNo
Withdrawal fee with bank transfer$0$0$0

Inactivity Fee

Interactive Brokers does not charge an inactivity fee.

Final Verdict

Interactive Brokers is a leading brokerage firm with a competitive fee structure. Trading costs at this broker are low. It is an excellent choice for traders who want access to premium trading services. Learn more about online trading and fees from our in-depth reviews.

Interactive Brokers compared to other brokers:


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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