Overview of Interactive Brokers fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Interactive Brokers charges.

Interactive Brokers commission and other fees
Interactive Brokers commission and other trading fees

The good news is that Interactive Brokers has low trading fees in general. We ranked the fees of Interactive Brokers as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Interactive Brokers commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Interactive Brokers commission and other trading fees
Interactive Brokers Saxo Bank TradeStation Global
Stock and ETF Low Average Low
Forex Average Low Average
Fund Average Low High
Bond Low High Low
Options Low High Average
Futures Low High Low
CFD Average Average Average
Financing rate Low Low Low

Now let's go over the trading fees for each asset class one by one.

Interactive Brokers stock and ETF commissions, spreads

Interactive Brokers stock and ETF commissions are low. Interactive Brokers stock and ETF commissions are charged as per the table below.

Interactive Brokers stock and ETF commission
Interactive Brokers
US stock $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
UK stock fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000;
German stock fixed €3 for trade value less than €6,000, 0.05% of trade value for more than €6,000
Indian stock 0.01% of the trade value and min INR 6, max INR 20

You can compare Interactive Brokers stock and ETF fees with the two closest competitors.

Interactive Brokers stock and ETF commission, spreads vs competitors
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
Indian stock $0.20 - $3.60

Stock and ETF commissions are calculated for a $2,000 trade

Interactive Brokers forex commissions and spreads

Interactive Brokers forex fees are average. Interactive Brokers forex commissions and spreads for individual currency pairs are charged as per the table below.

Interactive Brokers forex commissions and spreads
Interactive Brokers
EURUSD fee Trade value less than $1 billion: 0.2 bps * trade value; min. $2
GBPUSD fee Trade value less than $1 billion: 0.2 bps * trade value, min $2

Check out how Interactive Brokers forex fees compare to its two closest competitors.

Interactive Brokers forex fees vs competitors
Interactive Brokers Saxo Bank TradeStation Global
EURUSD benchmark fee $10.7 $7.8 $10.7
GBPUSD benchmark fee $8.6 $5.7 $8.6
AUDUSD benchmark fee $8.6 $6.2 $8.6
EURCHF benchmark fee $7.8 $5.4 $7.8
EURGBP benchmark fee $10.7 $8.9 $10.7

Forex fees are calculated for a $20,000 trade using 30:1 leverage

Interactive Brokers fund commissions

Interactive Brokers fund commissions are average. The table below shows how Interactive Brokers fund commissions are calculated.

Interactive Brokers fund commissions
Interactive Brokers
Mutual fund $14.95 per transaction or 3% of trade value, whichever is lower

Check out how Interactive Brokers fund fees compare with the competition.

Interactive Brokers fund commissions
Interactive Brokers Saxo Bank TradeStation Global
Mutual fund $15.0 $0.0 $25.0

Fund commissions are calculated for a $2,000 trade

Interactive Brokers bond commissions

Interactive Brokers bond commissions are low. The table below contains the description of Interactive Brokers bond commissions.

Interactive Brokers bond commissions
Interactive Brokers
US Treasury bond For the first $10,000 face value: 0.002% of trade value with $5 min. Free with IBKR Lite that is available for US and Indian clients.
EU government bond Below €50,000 face value: 0.1% of trade value with €2 min

See how Interactive Brokers bond fees stack up against the competition.

Interactive Brokers bond commissions vs competitors
Interactive Brokers Saxo Bank TradeStation Global
US Treasury bond $5.0 $96.0 $7.5
EU government bond $10.0 $96.0 $15.0

Bond commissions are calculated for a $10,000 trade

Interactive Brokers options commissions

You can see below the description of Interactive Brokers options commissions. Interactive Brokers options fees are low.

Interactive Brokers options commissions
Interactive Brokers
US stock index options Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min
US stock options Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min
UK stock index options £1.7 per contract with £1.7 min
German stock index options €1.7 per contract with €1.7 min

Compare options commissions charged by Interactive Brokers with those of Saxo Bank and TradeStation Global.

Interactive Brokers options commissions vs competitors
Interactive Brokers Saxo Bank TradeStation Global
US stock index options $6.5 $30.0 $15.0
US stock options $6.5 $30.0 $15.0
UK stock index options $23.8 $42.0 $21.0
German stock index options $13.2 $48.0 $18.0

Options commissions are calculated for 10 contracts

Interactive Brokers futures commissions

You can see below how Interactive Brokers futures commissions are charged. Interactive Brokers futures fees are low.

Interactive Brokers futures commissions
Interactive Brokers
US micro e-mini stock index futures $0.25 per contract
UK stock index futures £1.7 per contract with £1.7 min
German e-mini stock index futures €0.80 per contract with €0.80 min

Compare how the futures commissions of Interactive Brokers stack up against those of Saxo Bank and TradeStation Global.

Interactive Brokers futures commissions vs competitors
Interactive Brokers Saxo Bank TradeStation Global
US micro e-mini stock index futures $2.5 $40.0 $5.0
UK stock index futures $23.8 $42.0 $13.3
German e-mini stock index futures $9.6 $48.0 $16.2

Futures commissions are calculated for 10 contracts

Interactive Brokers CFD commissions and spreads

Interactive Brokers CFD fees are average. Interactive Brokers CFD commissions and spreads for different assets are charged as per the table below.

Interactive Brokers CFD commissions and spreads
Interactive Brokers
S&P 500 CFD fee 0.005% of trade value with $1 min
Europe 50 CFD fee 0.01% of trade value with €1 min
Apple CFD Below $300,000 monthly volume: $0.005 per share with $1 min
Vodafone CFD Below £8,900 monthly value: 0.05% of trade value with £3 min

Below you can see how Interactive Brokers CFD fees compare with those of Saxo Bank and TradeStation Global.

Interactive Brokers CFD fees vs competitors
Interactive Brokers Saxo Bank TradeStation Global
S&P 500 index CFD fee $2.8 $1.4 $3.8
Europe 50 index CFD fee $3.1 $2.0 $4.3
Apple CFD $1.2 $10.2 $1.7
Vodafone CFD $4.5 $11.5 $6.6

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Interactive Brokers financing rates

Interactive Brokers financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how Interactive Brokers financing rates compare with those of Saxo Bank and TradeStation Global.

Interactive Brokers financing rates vs competitors
Interactive Brokers Saxo Bank TradeStation Global
EURUSD financing rate 1.7% 1.7% 1.7%
GBPUSD financing rate 1.1% 1.0% 1.1%
S&P 500 CFD financing rate 1.6% 3.0% 1.6%
Europe 50 CFD financing rate 1.5% 2.3% 1.5%
Apple CFD financing rate 1.6% 3.6% 1.6%
Vodafone CFD financing rate 1.5% 3.5% 1.5%

Interactive Brokers commission and other fees
Interactive Brokers non-trading fees

In addition to trading fees, it's important to see if Interactive Brokers charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Interactive Brokers with its two closest competitors.

Interactive Brokers non-trading fees vs competitors
Interactive Brokers Saxo Bank TradeStation Global
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No Yes No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Interactive Brokers commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Interactive Brokers and its closest competitors. To learn more about Interactive Brokers, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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