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IBKR Advantage
If your clients haven’t started asking you to add cryptocurrencies to their portfolio allocations it’s likely that they will soon. At Interactive Brokers we’ve made it easy to trade crypto on our platform at low cost, alongside stocks, options, futures, currencies, bonds and funds. Trade execution and custody for cryptocurrencies are provided by Paxos Trust Company or Zero Hash.
While other crypto exchanges and brokers charge trading fees as high as 2.00% of trade value or more, and add spreads or markups to the cryptocurrency price, cryptocurrency trading with Paxos or Zero Hash on Interactive Brokers’ platform has a low commission of just 0.12% to 0.18% of trade value1 with a USD 1.75 minimum per order (but the minimum is subject to a cap of 1% of trade value). Plus, there are no added spreads, markups, or custody fees.
View Cryptocurrency CommissionsFee | IBKR / Paxos | Gemini ActiveTrader |
Coinbase Pro |
Webull | SoFi |
---|---|---|---|---|---|
Crypto Transaction Fee for $1,000 of crypto |
0.18% | 0.40% | 0.60% | None | None |
Spread / Markup | None | None | None | 1.00% | 1.25% |
Total fee | 0.18% | 0.40% | 0.60% | 1.00% | 1.25% |
Cost of $1,000 trade | $1.80 | $4.00 | $6.00 | $10.00 | $12.50 |
Additional Features
Our flagship desktop trading platform helps you efficiently manage client assets with powerful tools designed for Financial Advisors, RIAs and wealth managers.
Use our pre-trade allocation tools to allocate and rebalance block cryptocurrency trades across multiple client accounts.
Use Interactive Brokers’ suite of environmental, social and governance (ESG) tools to help interested clients align their investments with what they care about most.
Security is crucial to cryptocurrency trading. Use the IBKR platform and funds from your from client accounts to trade cryptocurrencies at either Paxos Trust Company or Zero Hash LLC. Paxos Trust Company is regulated and supervised by the New York Department of Financial Services (the New York bank regulator). Zero Hash LLC is a FinCEN-registered Money Services Business, is licensed as a money-transmitter in various states, and has been granted a BitLicense by the NY Department of Financial Services.
Our Advisor accounts let Professional Registered Investment Advisors (RIAs) and Commodity Trading Advisors (CTAs) execute and allocate trades among multiple clients from a single order management interface.
For other Institutional Account Types, click here
For other Individual Account Types, click here
Before you can trade cryptocurrencies, you need to log into Client Portal and request "United States - Crypto Currencies" trading permissions. Once trading permissions are established, you trade cryptocurrencies in the same way that you trade other products. Search for the symbol and open it in Quote Details or add it to your Watchlist. Select the symbol to trade, then complete the available parameters to create and then submit the order.
All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens through IBKR trading platforms are provided by Paxos Trust.
Cryptocurrency trading with Paxos on Interactive Brokers’ trading platforms has a low commission of just 0.12% to 0.18% of trade value* with a USD 1.75 minimum per order (but the minimum is subject to a cap of 1% of trade value). Plus, there are no added spreads, markups, or custody fees.
*Depending on client monthly volume, with a USD 1.75 minimum commission per order (but the minimum is subject to a cap of 1% of trade value).
All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens through IBKR trading platforms are provided by Paxos Trust.
All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens (collectively, "cryptocurrency") through the Interactive Brokers LLC ("IBKR") platform are provided by external cryptocurrency service providers. Depending on your location and account type, either Paxos Trust Company, LLC (a New York Limited Trust Company licensed by the New York Department of Financial Services) or Zero Hash LLC (a FinCEN-registered Money Services Business licensed as a money-transmitter in various states, and holder of a BitLicense by the NY Department of Financial Services) is your “Cryptocurrency Service Provider.”This means to trade cryptocurrency, you must become a client of a Cryptocurrency Service Provider. When you request the cryptocurrency trading permission in IBKR Client Portal, you agree to permit IBKR to provide your information to your Cryptocurrency Service Provider in order to apply for an account in your name at that provider, and you are required to sign your Cryptocurrency Service Provider’s Terms & Conditions. You must also sign a Supplement to your Interactive Brokers Client Agreement which authorizes and instructs Interactive Brokers LLC to engage in certain cashiering activities in your IBKR securities brokerage account to (i) withdraw US dollars from your securities brokerage account and transfer them to your account at your Cryptocurrency Service Provider to pay for cryptocurrency purchased and (ii) to sweep proceeds of sales of cryptocurrency at your Cryptocurrency Service Provider out of your account at the Cryptocurrency Service Provider and into your securities brokerage account at IBKR. Cryptocurrency trading permissions are enabled once the required agreements have been signed and you have been approved as a client by your Cryptocurrency Service Provider.Once enabled, you can trade cryptocurrency in your Cryptocurrency Service Provider account using the IBKR trading platforms. When you trade cryptocurrency through the IBKR platform, although Interactive Brokers LLC acts as your cashiering agent, neither Interactive Brokers LLC (“IBLLC”) nor Interactive Brokers (U.K.) Limited (“IBUK”, with respect to customers introduced to IBLLC by IBUK) has custody or control over the cryptocurrency assets you hold in your accountat your Cryptocurrency Service Provider. All cryptocurrency transactions occur on the Cryptocurrency Service Provider’s exchange. The Cryptocurrency Service Provider is your custodian for all cryptocurrency assets, and none of the legal protections associated with your securities account at IBKR (such as insurance under the Securities Investor Protection Act or Financial Services Compensation Scheme (FSCS)) apply to those cryptocurrency assets.By supporting cryptocurrency trading through IBKR’s platform in conjunction with the Cryptocurrency Service Providers, IBKR provides its clients the convenience of centralized cash management and a single user interface that shows both their IBLLC-carried securities & commodities positions and their Cryptocurrency Service Provider-carried cryptocurrency positions.To comply with all relevant regulatory requirements and to avoid any client confusion, IBKR keeps the distinction between activities and positions at IBKR and activities and positions with Cryptocurrency Service Providers very clear throughout all of the trading platforms. This may include the presentation of symbols indicating an asset is held at your Cryptocurrency Service Provider, headers, footers, pop-ups, and other such notices.
Disclosures