IBKR Lite offers free streaming market data for U.S. listed NMS stocks and ETFs from Cboe One. Cboe One includes BATS, BYX, EDGEA and DRCTEDGE which are within 1% of the National Best Bid and Offer (NBBO) 96.8% of the time, on average.

Note…

CONFIGURE IBKR PRICING PLAN…

IBKR Lite is generally offered to direct US clients and any US client of an independent Advisor, including both Cash and Margin type accounts.  Direct accounts must be natural persons (i.e. cannot be Legal Entity, Org, etc.).  For standalone trust accounts, all trustees/beneficiaries on the account must be natural persons.  For trust accounts that are under an advisor, the trustees/beneficiaries may be legal entities…

If you are eligible for an IBKR Lite account but receive the error message "The pricing plan on your account cannot be changed for the following reasons: Accounts with trading permission 'Algorithmic Execution Venue' are ineligible for the IBKR Lite Plan. You can adjust your account settings or check back later.", then you must update the trading permissions on your account before converting to Lite. For information on updating your trading permissions, please review …

For US Stocks, trading is available from 8 pm on Sunday through 8 pm on Friday New York City time.  Regular Trading Hours are from the regular market open to the regular market close, which is generally between 9:30 am and 4 pm New York City time. Outside Regular Trading Hours is any other time. Orders must be specifically marked as eligible for the Overnight session (from 8 pm to 4 am New York City time) to participate in that session…

The IBKR Lite offering serves the less active trader with commission-free US stock and ETF trading and simplified trading via Client Portal, IBKR Mobile, IBot and Trader Workstation (TWS), whereas the IBKR Pro offering serves the active trader with low cost access to more than 125 markets in 31 countries and a full suite of premier trading technology…

The commission structure with IBKR Lite is as follows:

• For U.S. exchange-listed stocks and ETFs, there is unlimited commission-free trading. Relevant US Securities and Exchange Commission (SEC) & Financial Industry Regulatory Authority (FINRA) fees may apply…

Any Individual, Joint, Trust or Retirement account holder classified as IBKR Lite can request reclassification to IBKR Pro (or back to IBKR Lite) through Client Portal. Your first three requests for reclassification will be processed overnight. After three reclassifications, subsequent reclassifications will be processed 90 days from your last request…

For an IBKR Lite account the interest charged for a margin loan is calculated based on the Tier 1 IBKR Pro rate plus 1%.

Please Note…

IBKR Pro is the legacy IBKR pricing plan designed for the active trader and sophisticated investor. The IBKR Pro plan provides low cost access to global markets, access to IB SmartRouting and a full suite of premier trading technology.

More information on IBKR Pro and IBKR Lite…

When you log in, the system will display either the IBKR Lite or IBKR Pro logo. 

Additional Information…

To be eligible for IBKR Lite advisors must have:

• Less than 15% of client accounts outside the US
• Less than 15% of client equity outside the US…

Yes, the Mutual Fund/ETF Replicator is available with IBKR Lite through Trader Workstation (TWS).

More information on IBKR Pro and IBKR Lite can be found on our website…

The commission structure with IBKR Lite is as follows:

• For U.S. exchange-listed stocks and ETFs, there is unlimited commission-free trading between 4am and 8pm New York City time for stocks and ETFs priced at or above USD$1.00. Relevant US Securities and Exchange Commission (SEC) & Financial Industry Regulatory Authority (FINRA) fees may apply…

You cannot open an IBKR Lite account in the name of an institution, such as a hedge fund, proprietary trading group or organization (corporation, partnership, limited liability corporation or unincorporated legal structure). IBKR Lite accounts can be opened in the name of natural persons…