Commissions & Fees

COMMISSIONS

Trade More for Less
With Clear, Low Commissions.

IBKR charges commissions to deliver professional execution, not hidden costs. Trade global markets with low commissions that help you keep more of your performance. We offer the tools, data and execution quality serious investors rely on as they advance.

$0 commissions available for US stocks and ETFs
Low margin rates and high interest paid on uninvested cash
No added spreads, account minimums, or hidden fees

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Stocks/ETFs - IBKR Lite

Stocks/ETFs Commissions

$0 per share for US residents only

US listed stocks and ETFs

Stocks/ETFs - IBKR Pro

Stocks/ETFs Commissions

TIERED

USD 0.0005 - 0.0035 per share

FIXED

USD 0.005 per share

Options

Options Commissions

TIERED

USD 0.15 - 0.65 per contract

FIXED

USD 0.65 per contract

Futures

Futures Commissions

TIERED

USD 0.25 - 0.85 per contract

FIXED

USD 0.85 per contract

Spot Currencies

Spot Currencies Commissions

0.08 - 0.20 bps x Trade Value

Spreads as narrow as 1/10 PIP

Bonds

Bonds Commissions

10 bps x Face Value

Mutual Funds

Mutual Funds Commissions

3% (max USD 14.95) x Trade Value

No Fee Funds: $0 per transaction

Choose Your Pricing Plan

We offer flexible pricing plans tailored to your trading style, volume and frequency.

Compare IBKR Pro vs. Lite See All Commissions Open Account

Choose your plan during account setup.

IBKR Lite

Designed for occasional traders and retail investors.

USD 0.00

US listed stocks and ETFs

No minimums per order
No inactivity fees
Simplified trading experience
Free US stock market data
Fixed income and mutual funds at low, transparent rates

Why choose
IBKR Lite?

Invest in US stocks and ETFs with zero commissions and no account minimums.

IBKR Pro - Fixed

Designed for Active Traders.

USD 0.005

US stocks and ETFs per share (min)

Single per-share rate that covers all transaction costs
Access IB SmartRouting^SM system
Predictable cost structure with fixed rate simplicity
Minimum per order:
USD 1.00
Maximum per order:
1 percent of trade value

Why choose
IBKR Pro - Fixed?

All-inclusive pricing that includes all exchange, clearing and regulatory fees.

IBKR Pro - Tiered

Designed for High Volume Traders.

USD 0.0005 to USD 0.0035

US stocks and ETFs per share

Rates fall as monthly volume rises
Exchange rebates passed through
Access IB SmartRouting^SM system
Low minimum per order: USD 0.35
Full transparency on execution costs

Why choose
IBKR Pro - Tiered?

Lower rates for higher volume. Direct pass-through of exchange, regulatory, and clearing fees.

Exchange, clearing and regulatory fees apply. Minimum order fees apply.

Compare IBKR Pro vs. Lite See All Commissions Open Account

Choose your plan during account setup.

More Than Low Commissions

IBKR pricing helps you keep costs down and support stronger long-term performance.

Best Execution

Our smart routing technology searches for the best available price for your order at the time of execution, potentially saving you more than the commission cost.

Learn About BestX^SM

Financial Strength

Trade with confidence knowing you're with a broker that maintains significant excess capital and automated risk controls.

IBKR Protection

Lowest Margin Rates

Access margin rates significantly lower than the industry average, allowing you to leverage your portfolio more efficiently.

Compare Margin Rates

Get Started

Trade with a broker built for investors who look beyond free trades.

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Disclosures

Low commissions do not eliminate the risks associated with trading. All investments involve risk, including the possible loss of principal, and investors should carefully consider their investment objectives and risk tolerance before trading.
IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs. For trades in non-exchange-listed US stocks (e.g. Pink sheet and other OTC stocks), de-listed ETPs, warrants, and other non-qualifying products, and recurring investment instructions, IBKR Lite accounts are subject to Fixed Pricing. IBKR Lite is available to US residents with the following account types: Individual, Joint, IRA and Trusts when the beneficiary and trustee are natural persons. In addition, US financial advisors can offer IBKR Lite to their clients.
According to StockBrokers.com Interactive Brokers Review: Read the full article Online Broker Reviews, January 28, 2026. "The industry’s cost leader: Interactive Brokers continues to set the benchmark for cost efficiency, offering margin rates and high yields on idle cash that consistently outperform the competition." View our margin rates for more information.

1 basis point=0.0001.
IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.

Which Plan is Best for You?

Features	IBKR Lite	IBKR Pro
Commissions:
US Exchange-Listed Stocks / ETFs	Commission-free^{1, 12}	Fixed or Tiered Pricing
Other Stocks / ETFs	Fixed Pricing	Fixed or Tiered Pricing
Options	Fixed Pricing²	Fixed or Tiered Pricing
Futures	Fixed Pricing	Fixed or Tiered Pricing
Currencies	Tiered Pricing	Tiered Pricing
Bonds	Tiered Pricing	Tiered Pricing
Mutual Funds	Fixed Pricing	Fixed or Tiered Pricing
Account Fees:
Minimum Balance	USD 0	USD 0
Maintenance Fee	USD 0	USD 0
Interest Paid on Instantly Available Cash Balances³	Benchmark minus 1.5%	Benchmark minus 0.5%
Interest Charged for Margin Loan	Benchmark plus 2.5%	Begins at Benchmark plus 1.5%, with lower rates for higher loan values.⁴
Eligible Accounts:
US Retail Investors⁵
Institutional Accounts⁶
Advisors^7,8
Brokers^9,10
Account Features:
Stock Yield Enhancement Program
Insured Bank Deposit Sweep Program
Market Data - US Listed Stock/ETFs	Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs.	Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs.
Market Data - Other Products	Low-cost data bundles and a la carte subscriptions available.	Low-cost data bundles and a la carte subscriptions available.
Outside Regular Trading Hours¹¹	04:00 - 20:00	04:00 - 20:00
Trading Technology:
Client Portal
IBKR Mobile
IBot
IBKR Desktop
Trader Workstation (TWS)	**
IBKR APIs
Algos	^†
Condition Orders & Advanced Order Types
Paper Trading
Mutual Fund / ETF Replicator
Risk Navigator^SM

= Included

IBKR Lite is meant for retail investors, including financial advisors trading on behalf of their retail clients. IBKR reserves the right to reject any IBKR Lite order or series of orders if IBKR determines the order(s) appear to show non-retail trading behavior. At the time an order is rejected, the client will be automatically presented the option to resubmit the rejected order on a Fixed commission basis.
Where available in North America.
Accounts with a NAV of less than USD 100,000 (or equivalent) will be paid at a rate proportional to accounts with a NAV of USD 100,000 (or equivalent) or more. The proportion is determined by the ratio of the account's NAV to USD 100,000 (or equivalent). This does not apply to currencies with negative interest rates, where the negative rate applied will be the same regardless of account size. See our Interest Rates for details.
See our Margin Rates for details.
US Retail Investors includes individuals, joint, UGMA/UTMA, retirement and trust accounts.
1. Standalone trust accounts with legal entity trustees are not eligible for IBKR Lite
Institutional Accounts are defined as any hedge funds, proprietary trading group or organizational type accounts
Advisors include all registered financial advisors and non-registered financial advisors.
To be eligible for IBKR Lite, advisors must be US domiciled and must have:
1. Less than 15% of client accounts outside the US
2. Less than 15% of client equity outside the US
3. Less than 15% of client accounts as organization accounts
4. No client accounts from Israel
5. No partitioned client accounts
6. No Separate Trading Limits (Proprietary Trading) accounts
Brokers require special approval from IBKR before opening an IBKR Lite account. Brokers cannot have both IBKR Lite and IBKR Pro clients under the same account structure. Separate accounts structures are required to facilitate.
Brokers on the IBKR Lite plan cannot support the follow ing type of client sub accounts:
1. Israel is the country of legal residence of the account holder
2. Partitioned client accounts
3. Three-tier hierarchies (no advisor or STL proprietary trading accounts)
4. OMS clients
Regular trading hours for IBKR Lite and IBKR Pro are 09:30 – 16:00. Market orders placed prior to regular trading hours will be treated as MarketOnOpen orders and count towards client threshold.
At the end of each month, IBKR will review the total monthly trading volume of US listed stock orders. If the combined volume of OnClose, OnOpen, Outside Regular Trading Hours ("Outside RTH") or sub-USD 1.00 NMS exceeds 10% of an account's monthly US stock trading volume, a commission of the lesser of USD 0.005 per share or 1% of trade value will be charged.

* Excludes pink sheet data.
**Trader Workstation (TWS) is not available to Brokers' clients enrolled in IBKR Lite.
† Fees may apply.

We understand your investment needs change over time. You can switch between the IBKR Lite and IBKR Pro plan at any time. Your first three reclassifications are processed on a daily basis while subsequent reclassifications happen on a quarterly basis.

Commissions & Fees

Trade More for Less With Clear, Low Commissions.

Stocks/ETFs - IBKR Lite

Stocks/ETFs - IBKR Pro

Options

Futures

Spot Currencies

Bonds

Mutual Funds

Choose Your Pricing Plan

IBKR Lite

IBKR Pro - Fixed

IBKR Pro - Tiered

More Than Low Commissions

Best Execution

Financial Strength

Lowest Margin Rates

Get Started

Trade More for Less
With Clear, Low Commissions.