Page Summary
No, Interactive Brokers is not free but it does provide free services. Interactive Brokers is a secure online broker with a transparent fee policy. It has top-tier licenses from FINMA, IIROC, FCA, MAS, FSA, SFC, and CFTC. Interactive Brokers offers premium trading tools and competitive prices.
This article discusses the specifics of Interactive Brokers fee structure.
Is Interactive Brokers Free?
Interactive Brokers does not charge a fee for real stock trading on the US market. However, if you opt for trading other assets, you’ll have to pay a brokerage fee. Interactive Brokers does not charge an inactivity fee. Read our in-depth reviews to learn more about Interactive Brokers and its fee structure.
Fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. |
| EURUSD fee | Average | Trade value less than $1 billion: 0.2 bps * trade value; min. $2 |
| US mutual fund fees | Average | $14.95 per transaction or 3% of trade value, whichever is lower |
| Inactivity fee | Low | No inactivity fee |
Are Interactive Brokers Fees Low?
Interactive Brokers is a secure online broker with a transparent fee structure and low trading costs. For example, the US stock fee for a $2000 trade is $1. Verify our in-depth reviews to learn more about the costs of trading with Interactive Brokers.
Does Interactive Brokers Charge A Non-Trading Fee?
Interactive Brokers has low non-trading fees. For example, it does not charge a withdrawal or deposit fee for bank transfers. Read our in-depth reviews to discover the non-trading fees at Interactive Brokers.
Non-Trading Fee Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | No |
| Account fee | No | No | No |
Does Interactive Brokers Have An Inactivity Fee?
Interactive Brokers does not charge an inactivity fee. It is an excellent choice for traders at all levels of experience.
Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
Final Verdict
Interactive Brokers is not a free broker, but it is a top choice as a trustworthy brokerage firm. It has a competitive pricing structure with a transparent fee policy. Read our in-depth reviews to learn more about Interactive Brokers and its fees.
Interactive Brokers compared to other brokers:
Disclaimer
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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.