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Interactive Brokers Fees, Commissions, Trading Costs

2024 Interactive Brokers fee schedule, commissions, online stock trading cost, investing account pricing.

Interactive Brokers Fees

Listing of all the fees Interactive Brokers charges takes dozens of pages on their website. In this article, we will provide only the most important fees.

Commission Structure

Stocks and ETFs $0 for IBKR Lite account; $0.005 per share with $1 minimum, 0.5% of trade value maximum for SMART routed orders for IBKR Pro account. For either Fixed or Tiered schedule, max=1% of trade value.
Options $0.65 per contract if premium => $0.10; $0.50 per contract if $0.05 =< premium < USD 0.10; $0.25 per contract if premium < $0.05 + exchange fees. Minimum $1 per order.
Mutual funds Lesser of $14.95 (minimum size on initial fund order is $3,000, subsequent minimum order size is $100) or 3%*Trade Value.
Corporate and municipal bonds 10bps is for first $10k, then 2.5bps* Face Value thereafter. But has min of $1.00 and max of lesser of $250 or 1%*Trade Value. Munis – 0.05% of first $10k (5bps), then 0.025% (2.5bps)*Face Value thereafter, with $1.00 min and max of lesser of $125 or 1%*Trade Value.
Treasuries (bills, notes, bonds)First USD 1,000,000 in Face Value is 0.002%* Face Value (0.2 bps). Additional Face Value > USD 1,000,000 is 0.0001%* Face Value (0.01 bps). $5 minimum. Thereafter, 0.0001%* Face Value (0.001bps). No maximums.
Metals0.15 basis point * trade value; minimum $2; storage cost 0.10% per annum
US-future and future options$0.85 per contract
Forex0.20 basis point * trade value if monthly volume<= $1,000,000,000; minimum $2

Investments stocks, options, mutual funds, ETFs, bonds, futures, currency transactions, US SSFs, EFPs, metals, CFDs, warrants, futures options
IB minimum deposit to open account $0 for cash account, $2,000 for margin account
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IRA Fees

Fee Amount
Interactive Brokers IRA setup fee $0
Interactive Brokers annual IRA fee $30 ($7.50 quarterly)
Interactive Brokers IRA termination fee $0
Interactive Brokers account maintenance fee $0
Interactive Brokers account inactivity fee $10 per month minimum commission requirement to avoid $10 monthly fee (rises to $20 monthly if account balance is less than $2,000; waived for $100,000+ accounts)
Interactive Brokers outbound full account transfer (ACAT) fee $0
Interactive Brokers outbound partial account transfer fee $0


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Interactive Brokers Monthly Inactivity Fees

As IB caters to active professional traders and investors, they require that each account generate a minimum of commissions per month. Accounts generating commissions less than the minimum as stated below in any given month will be assessed the difference as a monthly activity fee. Please note that the monthly activity fee is based on commissions only, and does not include fees related to third-party assessments such as market data subscriptions or order modification/cancellation fees.

In addition to monthly fee minimums, IB passes through market data fees from the exchanges for any real-time market data service in which a customer subscribes. Customers choosing to subscribe to US non-professional real-time market data will have the USD 10 (or non-USD equivalent) monthly market data subscription fee waived if they spend USD 30 (or USD equivalent) or more in commission for the month.

Customer Type Activity Fee Minimum
All customers not listed below $10.00
Financial Advisor Client $10.00
Indian residents2 trading with an IB India account $5.00
Age 25 or under $3.00
Customer with equity balance < $2,000 or equivalent, or customer maintaining a balance in a closed account $20.00

Interactive Brokers Minimums Required to Open an Account

Category Required Deposit
Individual Accounts (unless listed below) USD 10,000 (or non-USD equivalent)
Trading Group Masters USD 10,000 (or non-USD equivalent)
Broker Masters USD 10,000 (or non-USD equivalent)
Indian residents 2 trading with an IB India account INR deposits only, equivalent to USD 2,000
Indian residents 2 trading with an IBLLC-US account USD 5,000 (or non-USD equivalent)
IRAs 3 USD 5,000 (or non-USD equivalent)
Individuals age 26 or younger USD 3,000 (or non-USD equivalent)
Advisor and Broker Clients USD 5,000 (or non-USD equivalent)

Interactive Brokers Margin Rates

Debit Balance IBKR Margin Rates
$0 - $100,000 7.83%
$100,001 - $1,000,000 7.83%
$1,000,001 - $50,000,000 7.83%
$50,000,001+ 7.83%

Interactive Brokers Cash Sweep Interest

Interest paid on your cash is 0%.

Interactive Brokers Market Data Fees

There are two main types of data feeds for traders and investors. The first is delayed quotes, which is usually free. These stock and option quotes are typically delayed 15 minutes. In other words, if a trader is using delayed quotes then the price shown in the trading platform is already 15-minutes old. And in the world of stock and options trading, 15-minutes is an eternity! As a result most investors will need real-time quotes.

The second type of data is real-time streaming quotes. These price quotes show what the price is live based on the last price that was traded. Unless the trader is generating commissions of at least $30US per month, then there is a fee for this real-time data.

Taking things down another layer, traders will need to determine the level of market date they require. Typical choices for retail investors include Level I and Level II. Level I is the real-time quotes as mentioned above. Traders will be able to see the real time bid/ask quote for each security. Level II provides more detailed quotes including how many shares are being traded at a certain price level and who the market maker is.

Both of these quote levels require clients to pay for access to them. For example, to get Level II access to NASDAQ stocks the fee is $10US per month. That fee is in addition to the commissions.

The cost of market data fees will vary for each customer, depending on what markets are required. If the trader wants Level II for the NASDAQ, NYSE, and AMEX expect to pay $10US for each of those.

Even though Interactive Brokers has some of the lowest commissions available, it is important to consider the full cost of trading if these more advanced data packages are required.

Interactive Brokers Research Fees

Depending on the level of access a customer wants to various research tools, the costs can vary significantly. All customer get free access to Interactive Brokers Information System (IBIS) which provides news and fundamental research right in the desktop trading tool.

However, if more advanced research requirements exist, then these costs can be substantial and are in addition to the commissions and market data fees. For example, Benzinga is a very popular research tool that provides a source of data for breaking news and market moving information. The minimum fee for Benzinga is $37US per month. There are numerous other providers including, Morningstar, Asbury Research, and etfguide. Each of these require an active subscription that ranges from $19 to $125 per month.

Interactive Brokers Other Fees

Most brokers have other fees that are applied to accounts depending on what is required. For example, most brokers charge a fee to transfer to another broker.

Some of the other Interactive Brokers hidden fees include the following:

Withdrawal Fees: One free per month and then $1US for each additional electronic funds transfer.

Telephone Orders: $30 per order


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Interactive Brokers Withdrawal Fees

Currency Wires Checks ACH/EFT SEPA
USD 10.00 4.00 1.00 N/A
CAD 12.00 N/A 2.00 N/A
MXN 100.00 N/A N/A N/A

Interactive Brokers ACAT Fees

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 Market Data Charges

Region/Exchange Non-Pro Fees/month Pro Fees/month
US Securities & Commodities Non-Professional Bundle 2, 4, 10 USD10.00
Waived for Activity 5
Not Available to Professional Subscribers
AMEX 13 See US Non-Pro Bundle Above USD24.00
AMEX MKT Order Imbalances Free Free
AMEX Options Depth of Book USD10.00 USD60.00
ArcaBook for Equities 12 USD10.00 USD30.00
ArcaBook Options Depth of Book USD10.00 USD60.00
Boston Stock Exchange (Stocks and Warrants) USD1.00 USD40.00
CBOE Futures Exchange Level I USD1.50 USD7.50
CBOE Futures Exchange Level II N/A USD15.00
CBOE Market Data Express Indices USD2.00 USD2.00
CBOT Floor Based 1 USD70.00 USD70.00
CME Floor Based 1 USD70.00 USD70.00
CME S&P Indexes USD2.50 USD2.50
Dow Jones Global Indices USD1.00 2 USD2.00
ICE Futures U.S. (NYBOT) 11 USD85.00 USD85.00
ISE Options Depth of Book USD10.00 USD60.00
Moody's US Bond Ratings (Corporates and Municipals) USD1.00 9 USD1.00 9
NASDAQ Level I See US Non-Pro Bundle Above USD25.00
NASDAQ TotalView 8 USD15.00 USD76.00
NASDAQ Options Depth of Book USD10.00 USD60.00
NYSE Global Indices USD1.00 USD10.00
NYSE Level I See US Non-Pro Bundle Above USD50.00
NYSE Liffe (Precious metals futures and futures options) USD1.00 USD1.00
NYSE Open Book Real Time USD25.00 USD60.00
NYSE Order Imbalances Free Free
OCX Data (OneChicago SSF) Free* Free*
OTC Markets Level I (Previously listed as PINK) USD3.00 USD24.00
TRACE (BTDS) Bond Data Not Available to Non-Professional Subscribers USD60.00
US Bond Real-Time Data USD1.00 9 USD1.00 9
US Commodities Exchanges Professional 10 Available as US Securities and Commodities Non-Professional Bundle USD10.00 5
US Option Exchanges USD1.50 14 USD27.00
(includes all exchanges)
US Russell Indices (RussellTick) USD2.00 USD5.00

Interactive Brokers Review and Website Link

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Interactive Brokers fees are as of 2024 and are subject to change. For the most recent information on the Interactive Brokers charges, visit their website:

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About the Author
Arthur Chachuna is a professional personal finance blogger, and the owner of He has been an avid investor for 25 years, and has a background in both applied math and programming.