Download the App | IBKR GlobalTrader (2024)

FAQs

What is the minimum deposit for Interactive Brokers? ›

The minimum deposit at Interactive Brokers is $0 - a great feature. You can choose from multiple base currencies. You can only deposit your funds via bank transfer but there's no deposit fee. Depositing money at Interactive Brokers is an easy process.

IBKR generates income in many ways, but its primary revenue stream is from commissions paid by traders on their trading. Although IBKR offers customers low commissions, the large volume of trading through its platform still generates substantial commission revenue.

Trade On-the-Go

Access over 150 markets worldwide right from the palm of your hand with the IBKR mobile app!

Ease of use: 2/5

On the web version, there are far too many options for investors on the beginning of their journey. However, for the more knowledgable investors, the tools Interactive Brokers offers are really helpful to provide you the analysis you're seeking but it remains complicated for beginner investors.

Deposit funds to bring the account's equity up to the SEC required minimum of USD 25,000. Wait the required 90 day period before any new positions can be initiated.

How much do I need to open an Interactive Brokers account? To open an Interactive Brokers account, the required minimum deposit for a basic Cash account is $0, meaning there is no minimum deposit. To actually start trading, you need to deposit at least $100.

Interactive Brokers does not have a monthly inactivity fee, and it doesn't charge an account or deposit fee, either. The first withdrawal each month is free of charge while subsequent withdrawals carry a fee (e.g. $10 in case of USD withdrawal).

Ease of use makes GlobalTrader ideal for beginners

The app is designed as a user-friendly, simplified version of the comprehensive IBKR mobile platform. GlobalTrader provides an easy entry point into the financial markets and offers essential services like trading stocks, options, and mutual funds.

To make a withdrawal of funds, you must complete a Withdrawal Instruction under Account Management. While the first cash withdrawal in any one month is free, there will be a charge for each additional withdrawal. We have implemented this policy to cover its costs in order to maintain our low commissions.

Which broker is better than Interactive Brokers? ›

Unlike a mutual fund investor, you continue to be the direct owner of the underlying securities that are held in your own brokerage account. Your assets are held in an Interactive Brokers LLC brokerage account in your own name.

In order to day trade, the account must have at least USD 25,000 in Net Liquidation Value, where Net Liquidation Value includes cash, stocks, options, and futures P+L.

0.08% of the trade value with a minimum of SGD 2.50. US: USD 0.005 per share with a minimum of USD 1.00. No account minimums or platform fees.

Interactive Brokers does not have a monthly inactivity fee, and it doesn't charge an account or deposit fee, either. The first withdrawal each month is free of charge while subsequent withdrawals carry a fee (e.g. $10 in case of USD withdrawal).

Please make all deposits to your IBKR account by wire transfer, check, direct bank transfer (ACH), or via one of the other methods described above. IBKR will charge a special handling fee of 1% of the deposit amount (minimum $50 fee) for any physical currency deposits.