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Interactive Brokers forex spreads

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Adam N.
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Are forex spreads low at Interactive Brokers as of April 2024?

Yes, forex spreads at Interactive Brokers are low. For example, the EURUSD spread is 0.2, which is considered low.

Check forex spreads at Interactive Brokers for major currency pairs:

Currency pair Spread Low / Average / High
EURUSD 0.2 Low
GBPUSD 0.4 Low
AUDUSD 0.3 Low
EURCHF 0.5 Low
EURGBP 0.3 Low

Spreads were collected on Oct 5, 2023.

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Is forex commission charged at Interactive Brokers?

Yes, Interactive Brokers charges commission for forex as per the following table.

FX commission description FX commission per 1 lot ($100k) Low / Average / High
Trade value less than $1 billion: 0.2 bps * trade value; min. $2 $2.00 Low

Looking for the lowest-spread FX brokers?

If you are looking for brokers with the lowest spread and FX fees, check our top list of the lowest-spread brokers.

For more details on Interactive Brokers, read our comprehensive Interactive Brokers review for 2024.

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Author of this article

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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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