Is Interactive Brokers Free?

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:

Interactive Brokers Review

Disclaimer

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