TD Ameritrade 300

Interactive Brokers Transfer Fee (ACAT on Brokerage Account) 2022


How much does Interactive Brokers charge in ACAT fee for full and partial brokerage account transfer (stock, mutual funds, and ETFs positions). Cost of outgoing IBKR transfer of account eligible assets. Does IBKR reimburse transfer fees?


ACAT Fee For Transfers Into Interactive Brokers


Interactive Brokers does not charge any fees if you are transferring an account to them. You can use a new customer referral link below to open an account and initiate the transfer:


Open IB Account


Does Interactive Brokers Cover Transfer Fee?


Interactive Brokers does not reimburse ACAT account transfer fees charged by your current broker. Some brokerages, however, offer reimbursements of other brokers account transfer fees. While the average ACAT transfer fee is around $75, TD Ameritrade offers up to $125 ACAT reimbursement if you transfer an account with at least $2,500 to them.


Interactive Brokers ACAT Fee (Transferring OUT)


Transfer Method Type Fee
ACATS Deposit or Withdrawal None
DWAC Deposit or Withdrawal USD 100 per settled transaction
DRS Deposit or Withdrawal USD 25 per settled transaction; USD 100 per rejected transaction


Interactive Brokers Wire/Check/ACH Transfer Fees


Currency Wires Checks ACH/EFT
USD 10.00 4.00 1.00
CAD 12.00 N/A 2.00


Interactive Brokers Alternatives


Broker Review Promotion
Offer
Stock/ETF
Commission
Mutual Fund
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull 6 FREE stocks valued $34-$12,600 give-away at Webull. $0 na $0 $0
Tradestation $150 cash bonus when you transfer funds into TradeStation. $0 $14.95 $0 $0
Thinkorswim $0 commissions + transfer fee reimbursement. $0 $49.99 ($0 to sell) $0 $0







Opening a New Account


Interactive Brokers is a direct access broker that caters to professional traders and offers low commissions. With an advanced trading platform, IB attracts a lot of interest. However, with excessive market fees and a history of poor customer service, potential clients need to be aware of the pros and cons of this firm.

IB's application forms are lengthy and tedious to complete. After submitting the application, the broker makes two deposits in the bank account of the applicant, who then must verify the deposits. Once verified, IB sends a letter to the new customer's home address with codes that need to be entered on-line before the customer can start trading. Obviously, IB's application process is rather cumbersome.


IB


Pricing and Account Minimums


Because IB is a direct access broker, all orders are routed directly to the exchange, bypassing the broker. In Lite pricing plan, equity trades are $0. In Pro pricing plan, for stocks and ETFs, U.S. customers pay $0.005 for each share traded, with $1 minimum and a maximum of 0.5% of trade value. Trades of up to 1,000 shares are an excellent value at $5 or less. But larger trades are can get rather pricey: orders with 2,000 shares are $10, and orders with 5,000 shares are a costly $25.

The minimum amount to open an account is normal by industry standards—$0 for a regular brokerage account.

Market data costs $10 per month.


Interactive Brokers Important Fees and Surcharges


  • Extended hours surcharge: $0
  • Large order surcharge: $0
  • Penny stocks surcharge: $0
  • IRA setup fee: $0
  • Annual IRA fee: $30
  • Maintenance fee: $0


Interactive Brokers Advantages


  • Best margin rates
  • Lowest commissions on stock and ETF trades
  • Professional, feature-rich trading platform
  • Rich selection of products
  • Access to over 100 markets worldwide


Interactive Brokers Disadvantages


  • Complicated fee structure
  • $10 monthly fee for the basic market data feed
  • $7.50 quarterly fee for IRA accounts
  • Trader Workstation is difficult to learn
  • Many customers complain about poor customer service
  • Strict margin tightening and quick margin calls
  • Frequent technical problems with website and trading platforms


Interactive Brokers Account Transfer Fee Disclaimer


For the most recent information on Interactive Brokers ACAT fees (full and partial account transfer out, wire transfer and ACH charges, ACAT eligible status) visit their website.

Updated on 1/21/2022.

About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.