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The Interactive Brokers Mastercard Borrowing

Do More with the
Interactive Brokers
Prepaid Mastercard®

Unlock the value
of your investments

Borrow against your account from CAD 5.369% to 6.369%,1 which is lower than average rates on home equity lines of credit (HELOCs), personal loans, or credit cards.2

Plus, there are no monthly minimum payments or late fees, so you have the flexibility to pay back loans at your own pace.

Use the Interactive Brokers Prepaid Mastercard® to conveniently purchase almost anything without liquidating your investments3 including:

New Home Icon

New home or
home improvement

New Boat Icon

New car or boat

College Tuition Icon

College tuition

Vacation Icon

Dream vacation

Interactive Brokers Prepaid Mastercard

How it Works

  1. stock symbols
    Hold CAD 200,000 of Google Stock4
  2. car
    Go to a dealership and buy CAD 40,000 car
  3. institution
    A CAD 40,000 debit balance loan is created
  4. percent symbol
    Interest is charged monthly
  5. calendar
    Pay back the loan at your own pace
  6. 6.194%1
    Margin loan rate on a CAD 200,000 stock portfolio

Check mark Advantages

  • Low margin rates – at 6.369% or less1
  • Pay back the loan at your own pace, with no monthly payments, late fees, or origination fees
  • Conveniently access your account funds wherever Prepaid Mastercard® is accepted
  • As long as your collateral doesn’t lose value, you won’t have to sell your positions

Warning Triangle Risks

  • Margin interest rates may rise, increasing the cost of your loan
  • Loss in the value of your securities may force the liquidation of securities in your account to satisfy margin calls

Estimate Interest Charged on Margin Loans

Enter Account Balance (CAD)
Your blended rate for CAD

* The interest calculator is based on information that we believe to be accurate and correct, but neither Interactive Brokers LLC nor its affiliates warrant its accuracy or adequacy and it should not be relied upon as such. Neither IBKR nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this calculator. Interactive Brokers calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. For additional information on margin loan rates, click here

Get Started

Margin borrowing is only for experienced investors with high risk tolerance.
You may lose more than your initial investment.
  1. Annual Percentage Rate (APR) on CAD margin loan balances. Actual benchmark rates vary. Interactive Brokers calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. For additional information on margin loan rates, click here.
  2. Rates obtained on July 29, 2022 from Rates.ca for average HELOC rate. Average personal loan rate from bankrate.com and average credit card rate from bank creditcard.com.
  3. Program eligibility is limited to margin customers of Interactive Brokers Canada Inc.
  4. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

Margin loan rates and credit interest rates are subject to change without prior notice.

BY USING THE INTERACTIVE BROKERS PREPAID MASTERCARD YOU AGREE WITH THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. This card is issued by Peoples Trust Company under licence from Mastercard International. Cette carte est émise par la Compagnie de Fiducie Peoples sous licence de Mastercard International.

All interest and borrowing activity is through Interactive Brokers Canada. Please see your customer agreement with Interactive Brokers Canada for further details.

Card program marketed and administered by Interactive Brokers Canada, the Program Manager of the Interactive Brokers Prepaid Mastercard.

Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the IIROC AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.

Know Your Advisor: View the IIROC AdvisorReport