Interactive Brokers review: fees, features and futures
The cheapest margin and among the cheapest micro and E-nano futures of any broker here, with access to global exchanges including Brazil's B3.
Visit Interactive BrokersBest for
Active traders who use margin, trade futures alongside stocks, or want international markets.
Watch out for
IBKR Lite and Pro price differently. The lowest futures and margin rates are on Pro, and cash under $10,000 earns no interest.
Fees and account details
- Stocks and ETFs
- $0 (Lite) / $0.005 per share, $1 minimum (Pro Fixed)
- Options
- $0.65 per contract (Pro Fixed); $0.15 to $0.65 (Pro Tiered)
- Micro E-mini futures
- $0.25 per side (Fixed); $0.10 to $0.25 (Tiered, by volume)
- E-nano futures
- $0.25 per side (Fixed); listed by CME as an E-nano broker
- Also charged
- Exchange and regulatory fees extra
- Platform fee
- None
- Minimum deposit
- Not published for futures
- Margin rate, $25,000
- 5.38% (Pro) / 6.38% (Lite)
- Margin rate, $100,000
- 5.38% to $100k, 4.88% above (Pro) / 6.38% (Lite)
- Cash yield
- 3.38% (Pro) / 2.38% (Lite); no interest on the first $10,000
- Platforms
- Trader Workstation (desktop), IBKR Desktop, web, mobile; API
- Regulation
- Interactive Brokers LLC, SEC and CFTC registered
Features and services
- Crypto
- Spot crypto through Paxos and Zero Hash, including bitcoin, ether, solana and XRP; 0.12% to 0.18% of trade value ($1.75 minimum)
- Retirement accounts
- Traditional, Roth, Rollover, SEP, SIMPLE and Inherited IRAs; no contribution match
- International
- 175 market centers in 40 countries and territories, 29 currencies; spot forex
- Trading hours
- Overnight session 8:00 PM to 3:50 AM ET for 10,000+ US stocks and ETFs, plus overnight Treasuries and SPX options
- Fractional shares
- Dollar-based, from $1, on 10,500+ US stocks and ETFs
- Prediction markets
- Event contracts on ForecastEx, an IBKR affiliate
- Tools and research
- Trader Workstation, free third-party research (Trading Central, TipRanks), $1M paper-trading account
- Account fees
- $0 minimum, no inactivity fee
- Support
- Phone Sunday 1:00 PM to Friday 7:30 PM ET; chat Sunday 8:00 PM to Friday 8:00 PM ET
- Account protection
- SIPC up to $500,000 ($250,000 cash) plus excess coverage of up to $30M per account
What's new
- CME E-nano equity index futures available on launch day. Source
- Brazilian futures on the B3 exchange for eligible clients outside Brazil. Source
- Clients can link their account to Claude. The assistant drafts stock and ETF orders and the client approves each one. Source
Sources
Figures come from these Interactive Brokers pages unless marked "reported." Rates change, so confirm them on the broker's site before opening an account.
- https://www.interactivebrokers.com/commissions
- https://interactivebrokers.ca/en/pricing/commissions-futures.php
- https://www.interactivebrokers.com/marginrates
- https://investors.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php
- https://www.interactivebrokers.com/en/pricing/commissions-cryptocurrencies.php
- https://www.interactivebrokers.com/en/trading/us-overnight-trading.php
- https://www.interactivebrokers.com/en/trading/fractional-trading.php
- https://www.interactivebrokers.com/clientservices
- https://www.interactivebrokers.com/en/index.php?f=56683