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Interactive Brokers Minimum Deposit

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Interactive Brokers has no minimum deposit fees, which is a top advantage with this broker. The minimum initial deposit is an important factor when deciding on which online broker is best for your needs.

Interactive Brokers Saxo Bank TradeStation Global
Minimum deposit$0$2,000$1,000

This article discusses the specifics of minimum deposit fees at Interactive Brokers.

Fees & Funding Options

Interactive Brokers does not charge a deposit fee. This is excellent for traders of all levels of experience. It means the broker won’t deduct anything from your deposits. Interactive Brokers offers only one funding option, bank transfers.

The average transfer time is between 2 to 3 business days. The funding process at Interactive Brokers isn’t user-friendly and might be challenging for beginners.

Interactive Brokers Saxo Bank TradeStation Global
Bank transferYesYesYes
Credit/debit cardNoYesNo
Electronic walletsNoNoNo

Currencies

All trading accounts have a base currency. The number of base currencies at Interactive Brokers is 23. You’ll have to pay a conversion fee if you deposit in a currency different from the base currency of your Interactive Brokers account. The best approach to save money on conversion fees is to use a multi-currency digital bank account.

Interactive Brokers Saxo Bank TradeStation Global
Number of base currencies232622

Sending The Minimum Deposit

Funding your Interactive Brokers account requires you to follow the steps below:

  1. Create a brokerage account;
  2. Verify your information;
  3. Log in to your account and select a funding option;
  4. Verify the funding transaction;
  5. Initiate the funding process.

Final Verdict

Interactive Brokers has a competitive fee structure with no minimum initial deposit fees. However, the funding process might be challenging for new traders. Read detailed information about the funding process at Interactive Brokers in 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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