Overview of Interactive Brokers fees and charges as of March 2024
It's safe to say that Interactive Brokers's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Interactive Brokers even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Interactive Brokers's fees
Assets | Fee level | Fee terms |
---|---|---|
US stock fee | Low | Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. |
EURUSD fee | Low | Trade value less than $1 billion: 0.2 bps * trade value; min. $2 |
US tech fund fee | Average | $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 19,000 funds with no transaction fee |
Inactivity fee | Low | No inactivity fee |
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at Interactive Brokers. To check and compare fees at other brokers, go to our main Fee calculator page.
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Interactive Brokers fees explained
We compare Interactive Brokers fees with its closest competitors, Saxo Bank and DEGIRO.
Interactive Brokers trading fees
Interactive Brokers's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at Interactive Brokers.
Trading fees
Interactive Brokers's trading fees are low.
Stock fees and ETF fees
Interactive Brokers has low stock trading fees.
US stock
|
$1.0
|
$1.6
|
$2.2
|
---|---|---|---|
UK stock
|
$3.8
|
$3.8
|
$3.4
|
German stock
|
$3.2
|
$3.2
|
$5.3
|
Data updated on March 11, 2024
Forex fees
Interactive Brokers's forex fees are average.
EURUSD benchmark fee
|
$13.3 | $10.7 |
-
|
---|---|---|---|
EURGBP benchmark fee
|
$13.3 | $10.5 |
-
|
Data updated on March 11, 2024
Fund fees
Interactive Brokers fund fees are average.
Mutual fund
|
$15.0
|
$0.0
|
$4.2
|
---|---|---|---|
EU mutual fund
|
$4.4
|
-
|
$10.3
|
Data updated on March 11, 2024
Bond fees
Interactive Brokers has low bond fees.
US Treasury bond
|
$5.0
|
$21.6
|
-
|
---|---|---|---|
EU/UK government bond
|
$10.0
|
$21.6
|
$3.2
|
Data updated on March 11, 2024
Options fees
Interactive Brokers's options fees are low.
US stock index options
|
$6.5
|
$20.0
|
$7.5
|
---|---|---|---|
UK stock index options
|
$21.3
|
$37.5
|
-
|
German stock index options
|
$18.4
|
$21.6
|
$9.7
|
Data updated on March 11, 2024
Futures fees
Interactive Brokers's futures fees are low.
US micro e-mini stock index futures
|
$2.5
|
$30.0
|
$7.5
|
---|---|---|---|
UK stock index futures
|
$21.3
|
$37.5
|
-
|
German e-mini stock index futures
|
$8.6
|
$43.2
|
$8.1
|
Data updated on March 11, 2024
CFD fees
Interactive Brokers has average CFD trading fees.
Apple CFD
|
$1.1
|
$4.1
|
-
|
---|---|---|---|
Vodafone CFD
|
$4.3
|
$10.6
|
-
|
Germany
|
$3.4
|
$11.4
|
$5.7
|
Data updated on March 11, 2024
Financing rates
Interactive Brokers financing rates are low.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
Apple CFD financing rate
|
6.8%
|
8.9%
|
-
|
---|---|---|---|
Vodafone CFD financing rate
|
6.7%
|
8.7%
|
-
|
EURUSD financing rate
|
2.3%
|
2.4%
|
-
|
EURGBP financing rate
|
2.2%
|
2.1%
|
-
|
Data updated on March 11, 2024
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Interactive Brokers will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Trade value less than $1 billion: 0.2 bps * trade value; min. $2.
Interactive Brokers non-trading fees
When it comes to looking at all the non-trading fees Interactive Brokers is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Interactive Brokers that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
Withdrawal fee
|
$0
|
$0
|
$0
|
---|---|---|---|
Deposit fee
|
$0
|
$0
|
$0
|
Inactivity fee
|
No
|
No
|
No
|
Account fee
|
No
|
No
|
No
|
Data updated on March 11, 2024
Interactive Brokers deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Interactive Brokers is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Interactive Brokers offers.
Bank transfer
|
Yes | Yes | Yes |
---|---|---|---|
Credit/debit card
|
No
|
Yes
|
No |
Electronic wallets
|
No | No | No |
Deposit fee
|
$0
|
$0
|
$0
|
Data updated on March 11, 2024
Interactive Brokers withdrawal fee
Unlike some online brokers we have reviewed Interactive Brokers does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
Bank transfer
|
Yes | Yes | Yes |
---|---|---|---|
Credit/debit card
|
No
|
Yes
|
No |
Electronic wallets
|
No | No | No |
Withdrawal fee with bank transfer
|
$0
|
$0
|
$0
|
Data updated on March 11, 2024
Interactive Brokers inactivity fee
Interactive Brokers does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
Risk disclaimer
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