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Our statements and reports cover real-time trade confirmations, margin details, transaction cost analysis, sophisticated portfolio analysis, tax optimization interactive brokers and more. And if you need trade surveillance support, we may be able to help. No markups are applied if the client calls IBKR to close a trade.
Both tiers of service have a $0 account minimum and offer fractional shares of stock. IBKR Lite and IBKR Pro have no account maintenance or inactivity fees. Some products may not be available in certain jurisdictions. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations. Easily trade and monitor your IBKR account from your mobile device.
- For additional information about rates on margin loans, please see Margin Loan Rates.
- Zacks Trade, offers its customers access to white-labeled versions of Trader Workstation.
- Apply client fee schedules to individual accounts or store them in templates.
Active and casual traders alike will benefit from Interactive Brokers’ advanced execution, strong trading platforms and rock-bottom pricing. Interactive Brokers strives to provide the best deal on bonds by passing through to our clients the highest of all bids and lowest of all offers we receive from the electronic venues we access. We do not widen spreads, apply hidden fees or markup quotes. From trade date to settlement date, our Securities Financing solutions provide depth of availability, transparent rates, global reach and automated lending and borrowing tools. Charge clients for services rendered based on a fee-per-trade unit for each asset class, exchange and currency.
Introducing Broker Account Structure
The trade unit is determined by the unit IBKR uses for its commissions charges and can be on a per share, per contract, or percent of trade value basis. Set up enhanced user access and account security by creating one or more Security Officers for the master account and designate up to 250 users by function or account. Pre-trade compliance, real-time market-risk management and monitoring provide a comprehensive measure of risk exposure. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
For IBKR Pro customers, the various commission and fee structures can make it hard to quickly identify what your costs will be. Portions of the website are dedicated to institutional, broker and proprietary trading accounts, and that can be confusing. As the name implies, IBKR Pro is geared toward advanced traders. If that’s you, you’ll probably like the broker’s per-share pricing of $0.005 per share, advanced trading platform, and unmatched range of tradable securities — including foreign stocks. Each Advisor, Proprietary Trading STL and Multiple Hedge Fund master account holder can add client, sub and hedge fund accounts as required. The casual traders who find IBKR Lite appealing will find the Client Portal platform adequate for their trading needs.
Investors can also exclude investments based on 10 categories, such as animal testing, corporate political spending and lobbying, and hazardous waste production. Interactive Brokers introduced cryptocurrency trading in 2021, and the offering gives users 24/7 access to bitcoin, ethereum, litecoin and bitcoin cash. And while the service doesn’t offer commission-free trading like some brokers do, the fees are pretty minimal, ranging from 0.12% to 0.18%, depending on monthly volume.
Flexible Client Management
Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform, a large selection of tradable securities — including foreign stocks — and ridiculously low margin rates. Its new offering, IBKR Lite, offers commission-free trades of stocks and ETFs. Search for and do business with multiple advisors, brokers, and wealth managers. Access dozens of advisor portfolios, including Smart Beta portfolios, offered by Interactive Advisors. Accredited investors and qualified purchasers can search for, research and invest with hedge funds.
100+ order types – from limit orders to complex algorithmic trading – help you execute any trading strategy. Discover new investment opportunities with over 200 free and premium research and news providers. https://forex-review.net/ account – all in one place and from any device. Many or all of the products featured here are from our partners who compensate us.
Get Started Trading
An app that makes it easy to put your money where your heart is. Download to your iOS or Android device and find and invest in companies that share your values, options or cryptocurrencies. When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times. Our strong capital position, conservative balance sheet and automated risk controls are designed to protect IBKR and our clients from large trading losses. Spot market opportunities, analyze results, manage your account and make better decisions with our free trading tools.
One single login and website gives you access to every resource you need to fully monitor and manage your IB account. Our new Client Portal homepage provides a streamlined view of your account that includes all of the information you need. Options trading is offered at competitive pricing, for both Pro and Lite customers, with a $.65 charge per contract and no base, plus Pro customers get discounts for larger volumes. When you open a new, eligible Fidelity account with $50 or more. Learn more about the IBKR trading platforms which includes Trader Workstation, IBKR Mobile, Client Portal and the robust TWS API.
Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Simply trade global stocks, options, ETFs, mutual funds, and crypto from your mobile device.
Funds from more than 550 fund families and filter funds by country, fund family, transaction fee or fund type. Advertise your services at no cost and reach individual and institutional users worldwide. 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. Meet your compliance obligations by notifying your clients of advisory fee details. Quickly and easily consolidate financial information from any financial institution with PortfolioAnalyst, a fully featured portfolio management tool. Plus options and cryptocurrencies, from your phone or tablet.
Interactive Brokers in more detail
Client markups by introducing brokers are limited to 15 times IBKR’s highest tiered rate plus external fees. Charge markups to clients based on IBKR stock borrow rates, entered as a variable or fixed percentage of our borrow rate. You can enter both types of markups and our system will apply the markup rate that results in the larger total amount. Easily maintain different fee schedules for multiple client accounts.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice. A master account linked to an individual or organization client accounts. The Shortable Instruments Search tool is a fully electronic, self-service utility that lets clients search for availability of shortable securities from within Client Portal.
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. Provides retail clients with USD 0 commissions on US listed stock and ETF trades. Interactive Brokers charges no annual, account, transfer or closing fees, which is relatively rare among brokers we review. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Download to your iOS or Android device and find and invest in companies that share your values or options.