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General
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 150 markets in 24 currencies, from a single IBKR Integrated Investment Account, to clients from over 200 countries and territories. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Barron’s ranked Interactive Brokers #1 - Best Online Broker four years in a row in its February 26, 2021, Best Online Broker Review. 1
- IBG LLC was founded by its Chairman, Thomas Peterffy. Over the last 47 2 years, it has grown internally to become a major securities firm with equity capital exceeding USD 14.6 billion 3.
- Interactive Brokers' headquarters is in Greenwich Connecticut, and it has 2,900+ employees in its offices in the United States, Switzerland, Canada, Hong Kong, United Kingdom, Australia, Japan, Hungary, Russia, India, China, Luxembourg, Ireland, Singapore and Estonia. IBKR is regulated by the SEC, FINRA, SFA and other regulatory agencies around the world.
- IBKR is among the largest electronic brokers based on daily average revenue trades (DARTs) executing 2,350,000 trades per day 4.
- Interactive Brokers Group 2 has consistently been at the forefront of trading innovation, starting with the invention of the first floor-based handheld computer in 1983.
- Standard & Poor's issues investment grade ratings to both IBG LLC and IB LLC (IBKR).
| Question | Answer |
|---|---|
|
In what year did you begin brokerage operations? |
1993 The original organization was first created as a market maker in 1977 |
|
Total sum of client assets (as of 3/1/2021) |
USD 355.9 billion 94% higher than prior year and 5% higher than prior month |
|
Equity capital |
USD 14.6 billion |
|
Excess regulatory capital |
USD 10.2 billion |
|
Number of client accounts (as of 3/1/2021) |
2.75 million 76% higher than prior year and 6% higher than prior month. |
|
Daily Average Revenue Trades (DARTs) (as of 3/1/2021) |
2,350,000 175% higher than prior year and 12% higher than prior month. |
|
Percentages of client equity (as of 12/31/2020) 5 |
37% Individuals |
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Minimum to open a brokerage account |
USD 0.00 |
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Number of market centers worldwide |
150 |
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Number of currencies |
24 |
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Account insurance provided over SIPC |
Excess SIPC coverage per account: USD 30 million, including USD 900,000 for cash. Excess SIPC coverage cap: USD 150 million. In addition, for clients who have received the full SIPC protection, the Lloyd's policy provides up to an additional USD 30 million (including USD 900,000 for cash), subject to an aggregate limit of USD 150 million. |
Products & Commissions
| Product | Commissions | Notes |
|---|---|---|
|
U.S. stocks, ETFs and Warrants |
USD 0.0035 to USD 0.0005 per share* (based on volume) IBKR clients access the IB SmartRoutingSM system, which provides $0.47 per 100 shares price improvement vs. the industry7 |
Plus, exchange, regulatory, and clearing fees, and if an exchange provides a rebate, we pass some or all the savings directly back to clients. As an accommodation, IBKR also offers a fixed commission plan at USD 0.005 per share. There are 9,831 stocks available to trade in fractional shares as of 3/24/2021. Minimum fractional-share trade is USD 0.01 Interactive Brokers was the first to offer fractional share trading and, based on our research, what is publicly stated on other companies' websites, we offer a larger selection of securities available for fractional share investing than any other broker. Interactive Brokers has a "fee waived" no transaction fee (NTF) program for exchange-traded funds (ETFs) where we will reimburse IBKR clients for commissions paid on ETF shares held for at least 30 days. |
|
Options |
USD 0.65/contract
Assuming option premium is greater than 10 cents. |
These options costs are the maximum. If you do more volume in a month, it goes down to USD 0.15 per contract with no extra charge. |
|
Futures |
USD 0.25 to USD 0.85 per contract plus exchange, regulatory and carrying fees. |
|
|
Bonds |
Corporate bonds: Municipal bonds: Treasury bill, note and bonds: |
IBKR offers low and fully transparent commissions on bonds, with no mark-up on bond prices, and provides access to a full universe of US government securities, corporate bonds, municipal securities, CDs, and non-US sovereign bonds, plus fixed income futures and fixed income options. |
|
Mutual funds not in No Transaction Fee(NTF) program |
Inside the US: the lesser of 3% of trade volume or USD 14.95 flat rate. Outside the US: EUR 4.95 or currency equivalent. |
12,205 Total Number of U.S. Funds: Neutral – no proprietary funds. |
|
Spot currencies |
0.08 to 0.20 basis points * Trade Size |
Direct access to interbank quotes. No hidden price spreading, no markup, no kickbacks. Just the combination of real time prices from 17 of the world's largest FX dealing banks plus a transparent, low commission that avoids the conflict of interest of FX platforms which deal for their own account. 23 trading currencies including USD, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, ZAR and KRW (with special conversion functionality). IBKR delivers price quotes in 1/10 of a PIP |
Non-US products are available at equivalent low rates.
Financing
| Financing | Rates | Notes |
|---|---|---|
|
Current financing rates |
IBKR Lite: 2.59% Rates are same regardless of account balance. IBKR Pro: 0.75% to 1.59% Rates charged decrease depending on the size of the loan. Benchmark rate +0.3% to 1.5%. Current rates and tiers can be viewed here. |
Interactive Brokers is consistently offers the lowest margin rates of all competitors. See comparison here: ibkr.com/compare |
Other Fees
| Category | Fees | Notes |
|---|---|---|
|
Monthly inactivity fee |
USD 0.00 for accounts with USD 100,000+ Inactivity fee is USD 10.00 minus any commissions paid that month. |
Professional Pricing – Maximize Your Returns
IBKR offers the lowest1 cost and access to stocks, options, futures, currencies and bonds from a single unified platform. If an exchange provides a rebate, we pass some or all of the savings directly back to you.
Learn About CommissionsMargin rates up to 49% lower than the industry.2
Compare Margin RatesEarn interest rates of up to USD 4.83% on instantly available cash.3
Compare Interest RatesEarn extra income on your lendable shares.
See Stock Yield Enhancement- Lowest Cost Broker according to StockBrokers.com Online Broker Survey 2023: Read the full article Online Broker Reviews, May 18, 2023. "Because Interactive Brokers' core clientele are professional traders and institutional investors (e.g., hedge funds), it is crucial to provide the lowest commissions schedule available. In our rigorous assessment, there is no question Interactive Brokers delivers."
- For complete information, see our margin rate comparison
- Restrictions apply. See additional information on interest rates. Credit interest rate as of April 2, 2024.
Platforms
| Category | Description |
|---|---|
|
Trader Workstation |
Trader Workstation (TWS) is our flagship platform designed for active traders and investors who trade multiple products and require power and flexibility, TWS includes all of our most advanced algos and trading tools, and offers a library of tool- and asset-based trading layouts for total customization. See Trader Workstation(TWS) |
|
IBKR Mobile |
Our IBKR Mobile smartphone app for iOS and Android makes it easy to trade and monitor your IBKR account on-the-go. It includes many of the same advanced capabilities as our flagship desktop trading platform, such as chart trading and options analysis, and supports trading in all the product types we offer. See IBKR Mobile |
|
Client Portal |
Client Portal is our one-stop, web-based platform to check quotes and place trades, see account balances, P&L and key performance metrics, funding, reporting, and more. See Client Portal |
Tools
| Category | Description |
|---|---|
|
Bond Search Tool |
IBKR offers low and fully transparent commissions on bonds, with no mark-up on bond prices, and provides access to a full universe of US government securities, corporate bonds, municipal securities, CDs, and non-US sovereign bonds, plus fixed income futures and fixed income options. This is one of the easiest ways to get pricing on bonds, rather than calling around to various brokerages. See Bond Search Tool |
|
Mutual Fund Search Tool |
The Interactive Brokers Mutual Fund Marketplace provides our clients access to funds worldwide including access to no-load funds from over 550 fund families. It can be accessed by clients from over 200 countries and territories and includes many prominent fund families, including funds from Allianz, American Funds, BlackRock, Fidelity, Franklin Templeton, Invesco, MFS and PIMCO. Over 19,000 funds are available with no transaction fees. The Mutual Fund Search Tool can be used to identify funds by your country of residence, commission charged, fund type or fund family. See Mutual Fund Search Tool |
|
PortfolioAnalyst |
PortfolioAnalyst is a robust performance reporting tool that lets you see the performance of all your financial accounts in one place on any desktop or mobile device. You can quickly link your investment, checking, savings, annuity, incentive plan and credit card accounts held at almost any financial institution. You can see summary values at a glance for each individual financial institution or consolidated across all financial institutions and different time periods, including current and prior balances, return percentage, and percent change in value. The tool also lets you drill down to view positions and transactions by account or by asset class. PortfolioAnalyst is also avaiable as a standalone product for non-clients. Standalone PortfolioAnalyst is also free. The tools shows how much money people could potentially save or earn if they had an Interactive Brokers account. See Portfolio Checkup |
|
Portfolio Checkup |
Portfolio Checkup is an easy-to-use online portfolio analysis tool that provides people with a single page analysis of their current financial situation. This tool is also free for clients and non-clients. With Portfolio Checkup, investors can:
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Mutual Fund / ETF Parser |
Also part of the PortfolioAnalysis tool, Mutual Fund / ETF Parser categorizes the individual components of stocks within mutual funds and exchange traded funds. This lets investors get an accurate, granular picture of their overall exposure to asset classes, industry sectors, and companies. See Mutual Fund / ETF Parser |
|
Fundamentals Explorer |
Fundamentals Explorer provides comprehensive, worldwide fundamentals data to IBKR clients at no cost. It covers over 30k companies, shows more than 300 data points per company, has more than 80 sources for newswires and reports and features 5.5k+ analyst ratings from TipRanks. See Fundamentals Explorer |
|
Fractional Shares |
With the introduction of fractional shares, Interactive Brokers created Cash Quantity Stock Orders, which let clients placer orders in a specific dollar amount instead of specifying the number of shares - eliminating the need to pull out a calculator. See Fractional Shares |
|
OptionTrader |
IBKR's proprietary trading tool for executing speculative trades or building complex, multi-leg orders to hedge a position. See OptionTrader |
|
Options Portfolio |
Options Portfolio continuously and efficiently scours market data for low-cost option strategies to bring a portfolio in line with user-defined objectives for the Greek risk dimensions (Delta, Gamma, Theta and Vega). See Options Portfolio |
|
Mobile Options Trading |
Exercise options wherever you are with our new mobile option exercise tool. Choose a strategy and then simply tap different tiles in the grid to quickly change the legs that are part of the strategy. See Mobile Options Trading |
|
Options Analytics |
Manipulate key option pricing criteria – including price, time and implied volatility – and visualize the impact on premiums. See Options Analytics |
|
Options Strategy Lab |
Generate potentially profitable stock and option combinations, based on your forecast for stock and ETF prices, market volatility and other market variables. See Options Strategy Lab |
|
Probability Lab |
Redefine the price and volatility outlook for an underlying stock or ETF, and identify potentially profitable options strategies, based on that view. See Probability Lab |
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Environmental, Social and Governance (ESG) |
ESG scores from Refinitiv give you and your clients a new set of tools for making investment decisions based on more than just financial factors. See Environmental, Social and Governance (ESG) |
|
Impact Dashboard |
Use the Impact Dashboard to identify and invest in companies that share the values held by your clients. See Impact Dashboard |
|
IBot |
IBot is an Artificial Intelligence-powered resource that provides access to a wide spectrum of information, account data and trading tools. With IBot you can speak or type plain English commands to:
IBot can respond to:
Available within Trader Workstation, Client Portal and IBKR Mobile. See IBot |
|
Traders' Calendar |
Provides a complete schedule of trading holidays and expiration dates for all asset types on all exchanges around the globe. See Traders' Calendar |
Education – IBKR Campus
| Category | Description |
|---|---|
|
Traders' Academy |
51 courses including over 300 lessons. Interactive Brokers' Traders' Academy is intended for financial professionals, investors, educators and students seeking a better understanding of the asset classes, markets, currencies, tools and functionality available on IB's award-winning Trader Workstation (TWS), IBKR Mobile, Account Management and TWS API applications. Please see www.tradersacademy.online for more information. Our complimentary courses use a blended delivery method of lessons, videos, quizzes, and notes to help TWS users improve their understanding of its tools and capabilities. See Traders' Academy |
|
IBKR Webinars |
Watch, listen and learn about current market topics, IBKR tools and more by participating in any of our free webinars or browsing our extensive offering of recorded webinars. Topics span market research, fundamental & technical analysis, options trading strategies, institutional topics, algorithmic trading, trader tax issues, and more. See IBKR Webinars |
|
Traders' Insight |
Traders' Insight, our market commentary blog, features written and video market commentary from nearly 100 contributors. In addition, IBKR's Chief Strategist Steve Sosnick offers market commentary and Senior Analyst Steve Levine provides weekly previews. See Traders' Insight |
|
IBKR Quant |
The IBKR Quant Blog serves quantitative professionals who have an interest in programming. Discussion topics include deep learning, IBKR API, artificial intelligence (AI), Blockchain and other transformative technologies influencing modern markets. Discussions about R, Python and other popular programming languages often include sample code to help you develop your own analysis. See IBKR Quant |
|
Student Trading Lab |
A free online resource for educators looking to blend finance or computer science classwork with real-world trading experiences. See Student Trading Lab |
Disclosures
- For more information, click here
- Includes Interactive Brokers Group and predecessor companies.
- Includes Interactive Brokers Group and its affiliates.
- Fourth Quarter 2020 Results
- Q4 2020 Results - Earnings Call Transcript. View press releases
- As of 03/19/2021
- Average net benefit is calculated using IHS Markit® price improvement and IBKR monthly execution statistics. For more information see ibkr.com/info.
