The following minimums are required to open an account 1:
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 100,000 |
Non-Resident Indians Trading with an IB India Account | INR 500,000 |
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 25 or younger | USD 3,000 (or non-USD equivalent) |
Advisor and Broker Clients | USD 5,000 (or non-USD equivalent) |
Notes:
The following minimums are required to subscribe to market data and research subscriptions for new accounts.*
Category | Equity for Qualification Requirement |
---|---|
Individual Accounts (unless listed below) | USD 2,000 (or non-USD equivalent) |
Financial Advisor | USD 500 (or non-USD equivalent) |
Friends and Family Advisor | USD 200 (or non-USD equivalent) |
Introducing Broker Clients | USD 200 (or non-USD equivalent) |
Indian residents 2 trading with an IB India account | USD 500 (or non-USD equivalent) |
Notes:
The following minimums are required to maintain market data and research subscriptions.
Category | Equity for Maintenance Requirement |
---|---|
Individual Accounts (unless listed below) | USD 500 (or non-USD equivalent) |
Financial Advisor | USD 500 (or non-USD equivalent) |
Friends and Family Advisor | USD 200 (or non-USD equivalent) |
Introducing Broker Clients | USD 200 (or non-USD equivalent) |
Indian residents 2 trading with an IB India account | USD 100 (or non-USD equivalent) |
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.
We also pass through market data fees from the exchanges for any real-time market data service to which you subscribe.
The following table describes our activity fees and waivers in detail.
Account Structure | Monthly Activity Fee 4 | Waiver |
---|---|---|
Single Accounts, Individuals and Small Businesses |
Monthly Activity Fee = 0 if monthly commissions are equal to at least USD 10. If monthly commissions are less than USD 10, Standard Activity Fee = USD 10 – commissions. Example: |
The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 100,000 (or non-USD equivalent) |
unless any of the following criteria exist: | ||
Average Equity Balance is less than USD 2,000 5 |
Monthly Activity Fee = 0 if monthly commissions are equal to at least USD 20. Example: |
Not applicable. |
Individual (employee) accounts linked to an EmployeeTrack account |
Monthly Activity Fee =USD 3. |
The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 100,000 (or non-USD equivalent) |
Client is age 25 or under |
Monthly Activity Fee = 0 if monthly commissions are equal to at least USD 3. Example: |
The first three full calendar months 9 |
Account Structure | Monthly Activity Fee 4 | Waiver |
---|---|---|
UGMA/UTMA Accounts |
Monthly Activity Fee = 0 if monthly commissions are equal to at least USD 10. If monthly commissions are less than USD 10, |
The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 100,000 (or non-USD equivalent) |
Account Structure | Monthly Activity Fee 4 | Waiver |
---|---|---|
Advisor, Friends and Family, Family Office, and Hedge Fund Investment Accounts |
Advisor Master AccountThere is no Activity Fee for the Master Account. |
N/A |
Advisor Client Accounts7,8Monthly Activity Fee = 0 if consolidated monthly commissions are at least equal to the summed total of the standard minimum activity fee as applied to each account. If the monthly consolidated commissions are less than the required minimum, an activity fee is charged proportionally on an account-by-account basis as described below
Each client account cannot be charged more fees than the required minimum. That is, if an account meets the required minimum of USD 10, it cannot be charged fees > USD 10. The resulting minimum fees charge for each account = Minimum ([Proportionally Charged Monthly Activity Fee], [Client Account Deficit]) |
If after performing the consolidated calculation, it is determined that fee must be charged on an account-by-account basis, then the following waivers will be applied to each client account: The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 100,000 (or non-USD equivalent) |
|
Linked Accounts | Monthly Activity Fee = 0 if consolidated monthly commissions are at least equal to (number of accounts6 x USD 10). Example: If the monthly consolidated commissions are less than the required minimum, an activity fee is charged on an account-by-account basis using the Standard Activity Fee calculation described above.7, 8 |
If after performing the consolidated calculation, it is determined that fee must be charged on an account-by-account basis, then the following waivers will be applied to each client account: The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 100,000 (or non-USD equivalent) |
Separate Trading Limit | Monthly Activity Fee = 0 if consolidated monthly commissions are at least equal to (number of accounts6 x USD 10). Example: If the monthly consolidated commissions are less than the required minimum, an activity fee is charged on an account-by-account basis using the Standard Activity Fee calculation described above. 7, 9 |
If after performing the consolidated calculation, it is determined that fee must be charged on an account-by-account basis, then the following waivers will be applied to each client account: The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 100,000 (or non-USD equivalent) |
Account Structure | Monthly Activity Fee 4 | Waiver |
---|---|---|
Brokers |
Broker Master AccountMonthly Activity Fee = 0 ifconsolidated monthly commissions are equal to at least USD 2,000.* If monthly commissions are less than USD 2,000 Activity Fee = USD 2,000 – commissions. *We require an initial deposit of 10,000 USD to be applied against your first eight months' minimum commissions. At the end of the eighth month, your total commissions are subtracted from the 10,000 deposit to reach the required commission minimum. Example: |
N/A |
Broker Client Accounts7Monthly Activity Fee = 0 if consolidated monthly commissions are at least equal to the summed total of the standard minimum activity fee as applied to each account. If the monthly consolidated commissions are less than the required minimum, an activity fee is charged proportionally on an account-by-account basis as described below
Each client account cannot be charged more fees than the required minimum. That is, if an account meets the required minimum of USD 10, it cannot be charged fees > USD 10. The resulting minimum fees charge for each account = Minimum ([Proportionally Charged Monthly Activity Fee], [Client Account Deficit]) |
If after performing the consolidated calculation, it is determined that fee must be charged on an account-by-account basis, then the following waivers will be applied to each client account: The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 100,000 (or non-USD equivalent) If after performing the consolidated calculation, it is determined that fee must be charged on an account-by-account basis, then the following waivers will be applied to each client account: The first three full calendar months 9 or Accounts whose Net Liquidation Value >= USD 1,000 (or non-USD equivalent) |
Notes:
Clients requiring any of the connections listed below are subject to the following minimum commissions:
VPN | ||
---|---|---|
TWS | API | FIX CTCI |
N/A | VPN Not Supported via API | USD 1,500.00 per month minimum commission for first session; USD 1,000.00 per month minimum commission for any subsequent line(s) |
IB Gateway (internet) | ||
---|---|---|
TWS | API | FIX CTCI |
USD 10.00 per month minimum commission (USD 3.00 for age 25 and under) | USD 10.00 per month minimum commission (USD 3.00 for age 25 and under) | USD 1,500.00 per month minimum commission for first session; USD 1,000.00 per month minimum commission for any subsequent line(s) |
Extranet (Radianz, TNS, Savvis) | ||
---|---|---|
TWS | API | FIX CTCI |
USD 500.00 per month minimum commission | USD 500.00 per month minimum commission | USD 1,500.00 per month minimum commission for first session; USD 1,000.00 per month minimum commission for any subsequent line(s) |
Dedicated Leased Line (Verizon, AT&T, etc.) | ||
---|---|---|
TWS | API | FIX CTCI |
USD 500.00 per month minimum commission | USD 500.00 per month minimum commission | USD 1,500.00 per month minimum commission for first session; USD 1,000.00 per month minimum commission for any subsequent line(s) |
Cross-Connect | ||
---|---|---|
TWS | API | FIX CTCI |
USD 500.00 per month minimum commission | USD 500.00 per month minimum commission | USD 1,500.00 per month minimum commission for first session; USD 1,000.00 per month minimum commission for any subsequent line(s) |
Low Latency (intra-NY4) Cross-Connect | ||
---|---|---|
TWS | API | FIX CTCI |
USD 500.00 per month minimum commission | USD 500.00 per month minimum commission | USD 5,000.00 per month minimum commission for first session; USD 3,000.00 per month minimum commission for any subsequent session(s) |
Notes: Minimum commissions may also be satisfied in a non-USD equivalent.
See the API Solutions for more details.
A USD 10,000 (or non-USD equivalent) up front deposit will be required that will be applied against commissions during the first 8 months. At the beginning of the 9th month, any positive difference between the deposit and the first 8 months of commissions is taken as a commission minimum. Beginning in the 9th month, a regular commission minimum of USD 2,000 (or non-USD equivalent) per month will be applied against commissions, with any positive difference taken as a commission minimum.