Page Summary
Interactive Brokers is a leading brokerage firm with a transparent fee structure. It has top-tier licenses from FINMA, IIROC, FCA, MAS, FSA, SFC, and CFTC. Interactive Brokers offers premium trading services with low trading and non-trading fees.
Fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. |
| EURUSD fee | Average | 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 |
| Inactivity fee | Low | No inactivity fee |
Each online broker has a specific fee policy. This article discusses the fees at Interactive Brokers.
Trading Fees
Interactive Brokers has low trading fees. For example, the stock fee for a $2,000 trade is $1. We analyze online brokers with real accounts and money. Our results depend on many criteria, including trading volume. Read our in-depth reviews to learn more about the trading fees at Interactive Brokers.
Trading Fees Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.5 |
| UK stock | $4.2 | $11.2 | $2.4 |
| German stock | $3.6 | $12.0 | $2.4 |
Financing Rates
Interactive Brokers has low financing rates. For example, the yearly financing rate for Apple CFD is 1.6%. Financing rates are essential if you want to hold your positions long.
Financing Rates Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| Apple CFD financing rate | 1.6% | 3.6% | 1.6% |
| Vodafone CFD financing rate | 1.5% | 3.5% | 1.5% |
| EURUSD financing rate | 1.7% | 1.7% | 1.7% |
| EURGBP financing rate | 1.6% | 1.5% | 1.6% |
Non-trading Fees
This broker has low non-trading fees. Non-trading fees are an important aspect of online trading. The withdrawal and deposit fee at interactive Brokers is $0. Verify our in-depth reviews to read about non-trading fees at Interactive Brokers.
Non-trading Fees Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | No |
| Account fee | No | No | No |
Deposit Fees
Interactive Brokers doesn’t charge a fee for deposits from bank transfers. Deposit fees happen when transferring funds from your personal accounts to your brokerage account. The best brokerage firms offer fee-free deposits.
Deposit Fees Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
Withdrawal Fees
Interactive Brokers does not charge a withdrawal fee for bank transfers. Charging a withdrawal fee is common among leading online brokers. Read our in-depth reviews to discover insights about trading costs at Interactive Brokers.
Withdrawal Fees Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Inactivity Fee
Interactive Brokers does not charge an inactivity fee.
Final Verdict
Interactive Brokers is a leading brokerage firm with a competitive fee structure. Trading costs at this broker are low. It is an excellent choice for traders who want access to premium trading services. Learn more about online trading and fees from our in-depth reviews.
Interactive Brokers compared to other brokers:
Interactive Brokers Review
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.