PRESS AND MEDIA
IBKR Fact Sheet
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 27 currencies5, from a single integrated platform, 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. For the sixth consecutive year, Barron's ranked Interactive Brokers #1 with 5 out of 5 stars in its June 9, 2023, Best Online Brokers 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 of USD 15.2 billion 3.
- Interactive Brokers' headquarters is in Greenwich Connecticut, and it has 2,950+ 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 2,712,000 trades per day4.
- 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).
In what year did you begin brokerage operations?
1993
The original organization was first created as a market maker in 1977
Ending Client Equity (as of 9/1/2024)
USD 515.3 billion
36% higher than prior year and 1% higher than prior month
Equity capital
USD 15.2 billion
Excess regulatory capital
USD 10.9 billion
Number of client accounts (9/1/2024)
3.06 million
29% higher than prior year and 2% higher than prior month
Daily Average Revenue Trades (DARTs) (as of 9/1/2024)
2,712,000
Minimum to open a brokerage account
USD 0.00
Number of market centers worldwide
150
Number of currencies5
27
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
Commissions
Notes
Stocks and ETFs
USD 0.0005 to USD 0.0035 per share* (based on volume)
* Plus, exchange, regulatory, and clearing fees, and if an exchange provides a rebate, we pass some or all the savings directly back to clients.
IBKR BestXTM is a powerful suite of advanced trading technologies designed to help clients achieve best execution and maximize price improvement while minimizing market impact and maintaining complete control over their orders. IBKR BestX includes:
- The IB SmartRoutingSM system, which supports best execution for clients by searching for the best available prices for stocks, options and combinations across exchanges and dark pools. SmartRouting continuously evaluates changing market conditions and dynamically re-routes all or part of your order, seeking immediate electronic execution.
- IBKR ATS, which allows clients to choose to interact solely with IB SmartRouted order flow and access order flows that may not be available at exchanges.
- IBUSOPT, a destination is designed to offer clients the opportunity to interact with IB SmartRouted marketable order flow and have their orders filled in between the National Best Bid/Offer (NBBO) for US listed equity options and certain index options.
- Advanced Order Types, with both IBUSOPT and IBKR ATS offering Pegged-to-Midpoint and Pegged-to-Best order types. The IBKR ATS also offers a Reroute to SMART order type.
Extended Trading Hours for US Stocks
IBKR Pro: 4:00 - 20:00 ET
Regular trading hours for IBKR Pro are 9:30 - 16:00 ET. Market orders placed prior to regular trading hours will be treated as Market On Open orders.
As an accommodation, IBKR also offers a fixed commission plan at USD 0.005 per share.
Individual accounts, including clients of Financial Advisors, and organizational accounts, are eligible for fractional shares trading permission with the exception of the following:
- Any client type with residency in Israel
- Clients with Canadian RRSP/TFSA accounts
- Clients of Interactive Brokers Securities Japan (“IBSJ”)
Financial Advisors, Money Managers and Introducing Brokers can enable their clients on an all-or-none basis.
There are 18,015 US or European stocks (or ETFs, where available) eligible for fractional shares trading as of 7/18/2024.
Minimum fractional-share trade is USD 0.01 (Assessed to non-recurring fractional share trades.)
Interactive Brokers was the first big broker to offer US fractional share trading and, based on our research and what is publicly stated on other companies' websites, we believe that 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
- Lower rates for low premium contracts
- Minimum USD 1.00
- Volume tier discounts down to USD 0.15/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:
0.1% * first USD 10,000 face value, plus 0.025% * face value above USD 10,000. Min USD 1.00 per transaction and max fee of smallest value between USD 250.00 or 1% of trade value.
Municipal bonds:
0.05% * first USD 10,000 face value, plus 0.0125% * face value above USD 10,000. Min USD 1.00 per transaction and max fee of smallest value between USD 125.00 or 1% of trade value.
Treasury bill, note and bonds:
0.002% for first USD 1 million, with a USD 5.00 minimum.
Additional face value is 0.0001% times face value with USD 5.00 minimum.
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
Inside the US: the lesser of 3% of trade value or USD 14.95 flat rate.*
Outside the US: EUR 4.95 or currency equivalent.*
*For funds not in the No Transaction Fee (NTF) program
Total Number of U.S. Funds: 10,632
No Fee Funds (free): 6,169 (58%)
Fee Funds: 4,463 (42%)
Total Number of Offshore (Non-U.S.) Funds: 32,468
No Fee Funds (free): 18,663 (57%)
Fee Funds: 13,805 (43%)
(as of 7/18/2024)
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.
Our tight spreads and substantial liquidity are a result of combining quotation streams from 17 of the world's largest foreign exchange dealers. This results in displayed quotes as small as 1/10 PIP wide.
24 trading currencies including AUD, GBP, CAD, CNH, CZK, DKK, EUR, HKD, HUF, ILS, JPY, KRW, MXN, NZD, NOK, PLN, SAR, SGD, ZAR, SEK, CHF, TRY, AED, USD (with special conversion functionality).
Financing
Current margin rates
USD 5.83% to 6.83%
Rates charged decrease depending on the size of the debit balance. Benchmark rate +0.5% to 1.5%.
Current rates and tiers can be viewed here.
Notes
Interactive Brokers consistently offering the lowest margin rates of all competitors. See comparison here: ibkr.com/compare
Other Fees
Monthly inactivity fee
USD 0.00
Inactivity fees have been eliminated as of July 1, 2021.
Platforms
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
IBKR GlobalTrader
A simple app for trading global stocks, IBKR GlobalTrader lets you deposit in your local currency and easily trade global stocks from your phone or tablet.
See IBKR GlobalTrader
IMPACT App
A simple app for sustainable investing, IMPACT makes it easy to find and invest in companies that share your values, helping to better align your portfolio with the kind of world you want to create.
Tools
Stock and ETF Tools
IBKR GlobalAnalyst
By comparing the prices and financial metrics of global stocks in the same currency, IBKR GlobalAnalyst helps identify new investment opportunities.
See IBKR GlobalAnalyst
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
Short Securities Availability
The Shortable Instruments (SLB) Search tool is a fully electronic, self-service utility that lets clients search for availability of shortable securities from within Client Portal.
See Short Securities Availability
Mutual Fund/ETF Replicator
Use the Mutual Fund/ETF Replicator to identify and invest in lower cost ETFs with similar strategies to higher-fee mutual funds.
See Mutual Fund/ETF Replicator
Stock Yield Enhancement Program
Earn extra income on the fully-paid shares of stock held in your account by allowing IBKR to borrow shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay interest to borrow them.
See Stock Yield Enhancement Program
Social Sentiment by Social Market Analytics (SMA)
Spot positive and negative changes in investor attitudes with Social Market Analytics' (SMA) patented social sentiment processing technology.
See Social Sentiment
Options Tools
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
Futures Tools
ComboTrader
Create proprietary combination order strategies or choose from multiple templates with pre-defined programs to execute futures trades.
See ComboTrader
SpreadTrader
Seamlessly integrated into Trader Workstation (TWS), SpreadTrader is the single-screen command center for managing futures positions.
See SpreadTrader
Index Arbitrage Meter
Analyze index arbitrage strategies with the Index Arbitrage Meter, our measurement tool that illustrates the spread between futures contracts and their respective spot prices.
See Index Arbitrage Meter
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 43,000+ funds worldwide from over 600 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, PIMCO, Vanguard and many others. Over 18,000 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
Portfolio Management Tools
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 available as a standalone product for non-clients. Standalone PortfolioAnalyst is also free. The tools show how much money people could potentially save or earn if they had an Interactive Brokers account.
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.
Portfolio Checkup provides a detailed snapshot of your assets by:
- Return & Risk: Compare money-weighted or time-weighted return & risk measures to up to three benchmarks. Time periods include: 7 days, month to date, 1 month, year to date, 1 year, inception, and custom. This section is complimented by a distribution of returns bar chart.
- Asset Class Distribution: View amount (NAV) and % (Weight) by asset class with long and short breakout. Expand to see the composition of each asset class by position.
- Geographic Distribution: View amount (NAV) and % (Weight) by region with long and short breakout. Expand to see the composition of each region by position.
- Sector Distribution: View amount (NAV) and % (Weight) by sector with long and short breakout. Expand to see the composition of each sector by position.
Mutual Fund / ETF Parser
Also part of the PortfolioAnalyst 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 PortfolioAnalyst
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.
Sustainable Investing
IMPACT App
A simple app for sustainable investing, IMPACT makes it easy to find and invest in companies that share your values, helping to better align your portfolio with the kind of world you want to create.
Carbon Offsets
Available in the IMPACT app, investors can use the Carbon Offsets tool to select from either greenhouse-gas emitting activities related to household, transportation and food, or enter a specific amount of carbon to offset in dollars or tons. Interactive Brokers seamlessly sources and retires the Carbon Credits at the appropriate agencies enabling investors to reduce their carbon footprints, while achieving broader sustainability goals
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
API Solutions
Our proprietary API and FIX CTCI solutions let institutions create their own automated, rules-based trading system that takes advantage of our high-speed order routing and broad market depth.
See API Solutions
Order Types and Algos Tools
Order Types and Algos
90+ order types – from limit orders to complex algorithmic trading – help you execute any trading strategy.
See Order Types and Algos
Accumulate/Distribute
The Accumulate/Distribute algo can help you to achieve the best price for a large volume order without being noticed in the market, and can be set up for high frequency trading.
See Accumulate/Distribute
IB Risk Navigator
The Risk Navigator is a real-time market-risk management platform that provides a comprehensive measure of risk exposure across multiple asset classes around the globe.
See IB Risk Navigator
Model Portfolios
Advisors can use a more organized approach to investing client assets with Model Portfolios. Construct a custom portfolio of financial instruments, and then trade this model on behalf of your clients.
See Model Portfolios
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:
- trade stocks, options, futures, currencies and bonds
- get quick account information and manage your account
- get detailed quotes, run advanced scanners, see charts and fundamentals
- get fast answers to common issues and questions that previously had to be answered by Client Services
IBot can respond to:
- Plot SPY
- What's my P&L
- Chart AAPL vs MSFT
- Show my filled orders
- Buy 300 shares of IBKR
- Show top tech companies by volume
- and much more
Available within Trader Workstation, Client Portal and IBKR Mobile.
See IBot
Disclosures
- For more information, click here
- Includes Interactive Brokers Group and predecessor companies.
- Includes Interactive Brokers Group and its affiliates.
- Based on the latest Interactive Brokers Group Brokerage Metrics report.
- Available currencies vary by Interactive Brokers affiliate. Learn more.
- Non-US products are available at equivalent low rates.
- Any discussion or mention of an ETF is not to be construed as a recommendation, promotion or solicitation. All investors should review and consider associated investment risks, charges and expenses of the investment company or fund prior to investing. Before acting on this material, you should consider whether it is suitable for your particular circ*mstances and, as necessary, seek professional advice.
- Rates are subject to change. Eligibility and terms apply. For further details please refer to our commissions.