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IBKR Fact Sheet

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 26 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 fifth consecutive year, Barron's ranked Interactive Brokers #1 with 5 out of 5 stars in it's March 25, 2022, Best Online Brokers Review. 1

  • IBG LLC was founded by its Chairman, Thomas Peterffy. Over the last 44 2 years, it has grown internally to become a major securities firm with equity capital exceeding USD 11.6 billion 3.
  • Interactive Brokers' headquarters is in Greenwich Connecticut, and it has 2,800+ 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 1,988,000 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 2/1/2023)

USD 337.6 billion

4% lower than prior year and 10% higher than prior month.

Equity capital

USD 11.6 billion

Excess regulatory capital

USD 7.7 billion

Number of client accounts ( 2/1/2023)

2.13 million

23% higher than prior year and 2% higher than prior month

Daily Average Revenue Trades (DARTs) (as of 2/1/2023)

1,988,000

Minimum to open a brokerage account

USD 0.00

Number of market centers worldwide

150

Number of currencies5

26

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

IBKR Lite: USD 0.00 for US listed stocks and ETFs

IBKR Pro: 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 Pro clients access the IB SmartRoutingSM system, which helps support best execution by searching for the best available prices for stocks, options and combinations across exchanges and dark pools.

Extended Trading Hours for US Stocks
IBKR Pro: 4:00 - 20:00 ET
IBKR Lite: 7:00 - 20:00 ET

Regular trading hours for IBKR Lite and IBKR Pro are 9:30 - 16:00 ET. Market orders placed prior to regular trading hours will be treated as Market On Open orders.

Clients can trade Stocks on 82 market centers in 27 countries.

As an accommodation, IBKR also offers a fixed commission plan at USD 0.005 per share.

Fractional shares are available to both IBKR Lite and IBKR Pro accounts.

There are 11,132 stocks available to trade in fractional shares as of 1/17/2023.

Minimum fractional-share trade is USD 0.01

Interactive Brokers was the first to offer fractional share trading and, based on our research, what is publicly stated on other companies' websites, 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 Pro clients for commissions paid on ETF shares held for at least 30 days. IBKR Lite clients always pay $0 commissions on ETFs. IBKR may receive compensation from participating funds.

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.

Clients can trade Options on 34 market centers in 18 countries.

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.

Clients can trade Futures on 32 market centers in 18 countries.

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: 11,600
No Fee Funds (free): 4,565 (39%)
Fee Funds: 7,035 (61%)

Total Number of Offshore (Non-U.S.) Funds: 36,155
No Fee Funds (free): 14,777 (41%)
Fee Funds: 21,378 (59%)

(as of 1/17/2023)

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

IBKR Lite: USD 6.83%

Rates are same regardless of account balance.
On IBKR Lite, rate charged is based on the Benchmark rate +2.5%.

IBKR Pro: USD 4.83% to 5.83%

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 offers the lowest margin rates of all competitors. See comparison here: ibkr.com/compare

Other Fees

Monthly inactivity fee

IBKR Lite: USD 0.00

IBKR Pro: USD 0.00

Notes

Inactivity fees have been eliminated as of July 1, 2021.

Platforms

Trader Workstation (TWS)

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.

See IMPACT App

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

Use the Mutual Fund/ETF Replicator to identify and invest in lower cost ETFs with similar strategies to higher-fee mutual funds.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 46,000+ funds worldwide from over 520 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 and PIMCO. 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 shows how much money people could potentially save or earn if they had an Interactive Brokers account.

See PortfolioAnalyst

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.

With Portfolio Checkup, investors can:

  • Measure performance against 230 industry benchmarks or their custom benchmarks and toggle between money and time weighted returns with the click of a mouse.
  • Use risk metrics such as max drawdown, peak-to-valley, Sharpe ratio and standard deviation to understand at a glance their portfolio's risks relative to returns.
  • Understand their portfolio exposure by geography, sector and asset class.
See Portfolio Checkup

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.

See Mutual Fund / ETF Parser

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.

See IMPACT App

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.

See IMPACT App

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

100+ 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

Education – IBKR Campus

Traders' Academy

51 courses including over 300 lessons.

Interactive Brokers' Traders' Academy is intended for financial professionals, investors, educators and students seeking a better understanding of the asset classes, markets, currencies, tools and functionality available on IB's award-winning Trader Workstation (TWS), IBKR Mobile, Account Management and TWS API applications. Please see www.tradersacademy.online for more information.

Our complimentary courses use a blended delivery method of lessons, videos, quizzes, and notes to help TWS users improve their understanding of its tools and capabilities.

See Traders' Academy

IBKR Webinars

Watch, listen and learn about current market topics, IBKR tools and more by participating in any of our free webinars or browsing our extensive offering of recorded webinars. Topics span market research, fundamental & technical analysis, options trading strategies, institutional topics, algorithmic trading, trader tax issues, and more.

See IBKR Webinars

Traders' Insight

Traders' Insight, our market commentary blog, features written and video market commentary from nearly 100 contributors. In addition, IBKR's Chief Strategist Steve Sosnick offers market commentary and Senior Analyst Steve Levine provides weekly previews.

See Traders' Insight

IBKR Podcasts

A podcast series featuring interviews with executives, thought leaders and market experts from across the financial services industry discussing topical themes impacting global markets and trading.

See IBKR Podcasts

IBKR Quant

The IBKR Quant Blog serves quantitative professionals who have an interest in programming. Discussion topics include deep learning, IBKR API, artificial intelligence (AI), Blockchain and other transformative technologies influencing modern markets. Discussions about R, Python and other popular programming languages often include sample code to help you develop your own analysis.

See IBKR Quant

Student Trading Lab

A free online resource for educators looking to blend finance or computer science classwork with real-world trading experiences.

See Student Trading Lab
Disclosures
  1. For more information, click here
  2. Includes Interactive Brokers Group and predecessor companies.
  3. Includes Interactive Brokers Group and its affiliates.
  4. Based on the latest Interactive Brokers Group Brokerage Metrics report.
  5. Available currencies vary by Interactive Brokers affiliate. Learn more.
  • As of 04/01/2021
  • 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 circumstances and, as necessary, seek professional advice.