Here's how to deposit money to Interactive Brokers

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It's great that you are looking for deposit options at Interactive Brokers to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.

THE ESSENCE:

  • The minimum deposit at Interactive Brokers is $0
  • Interactive Brokers charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit Interactive Brokers's page to start the process
  • Interactive Brokers is a reliable broker regulated by at least one top-tier regulator

First, let's see if Interactive Brokers is available in your country?

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Interactive Brokers minimum deposit
Is Interactive Brokers safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

Interactive Brokers can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

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Interactive Brokers minimum deposit
What is the minimum deposit at Interactive Brokers?

At Interactive Brokers, the minimum deposit is $0. This means that you can deposit as little money as you wish.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at Interactive Brokers

Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment.

Here's a tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Also, at Interactive Brokers, there is no inactivity fee. This means that you won't be charged any fee, if you decide not to use your account in the future.

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Interactive Brokers minimum deposit
What base currencies are available at Interactive Brokers?

At Interactive Brokers, the following base currencies are available: AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, INR, ILS, JPY, KRW, MXN, NOK, NZD, PLN, RUB, SEK, SGD, USD, ZAR. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

Interactive Brokers minimum deposit
What deposit methods are available at Interactive Brokers?

At Interactive Brokers, the only available option to deposit money to your account is via Bank transfer.

Remember, that you can only deposit funds from accounts that are in your name.

Deposit options Interactive Brokers
Bank transfer Yes
Credit/Debit card No
Electronic wallet No

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Interactive Brokers minimum deposit
Is there any deposit fee at Interactive Brokers?

The answer is no. No deposit fees will be applied at Interactive Brokers.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

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Interactive Brokers minimum deposit
How to deposit money to Interactive Brokers account?

Here's a step-by-step guide:

  • Log in to Interactive Brokers's client area
  • Look for 'Deposit' or 'Funding menu'
  • Choose your funding method
  • Provide the necessary details for the transaction
  • Check if the payment details are correct
  • If you are OK with it, you are ready to proceed
The interface to send the minimum deposit to Interactive Brokers

If you get stuck during the process, you can always reach out to Interactive Brokers's customer support. At Interactive Brokers, customer support can be reached via live chat, phone and email.

Interactive Brokers minimum deposit
Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.

Interactive Brokers minimum deposit
FAQ

What is the minimum deposit at Interactive Brokers?

There is no minimum deposit required by Interactive Brokers (IBKR) to open an account. It is a good broker to start your investment journey with.

However, to start trading you need to deposit at least $100. If you want to trade on margin (i.e. use leverage), you must deposit at least $2,000.

Does IBKR charge a deposit fee?

NoInteractive Brokers does not charge a deposit fee.

Does Interactive Brokers charge a monthly account fee?

No, Interactive Brokers does not charge any a monthly fee that you have to pay just to keep your account. In fact, it does not charge any recurring fees, so there is no inactivity fee either. All fees are tied to some trading or usage activity.Accessing the deposit panel on the IBKR client portalPicking the available deposit currencies on IBKR web platform

How long does it take to get an IBKR account?

To get a live IBKR account usually takes 2-3 days.

What are the requirements at Interactive Brokers?

Interactive Brokers is present in almost all countries of the world, so unless you live in a politically or economically unstable or isolated country such as North Korea or Syria, you will be able to open an account.

In most countries, you need to be 18 or older to open a Cash account, and 21 or older to be able to trade on margin.

How do I deposit money to Interactive Brokers?

The only way to deposit money to Interactive Brokers that is available to all clients is via bank transfer. Deposit by debit cards is possible as well, but only for US customers.

To initiate a deposit, log in to the Client Portal, navigate to the 'Transfer & Pay' menu and select ‘Transfer Funds’. Select the exact method and currency of your deposit, then follow the on-screen instructions.

Can I use debit card with Interactive Brokers?

Yes, but deposit by debit cards is only available to US customers who open an Integrated Investment Management account.

Can I use PayPal to fund Interactive Brokers?

No, you can't use PayPal to fund your Interactive Brokers account.

Can I transfer USD to IBKR?

Yes, you can transfer USD to your Interactive Brokers (IBKR) account.

Does Interactive Brokers have instant deposit?

No, Interactive Brokers does not have instant deposit. You can make a deposit using bank transfer, which usually takes 2-3 days.

Author of this article

Tamás Gyuriczki

Author of this article

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

Tamás Gyuriczki

Junior Broker Analyst

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

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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