Interactive Brokers LLC is a member of NYSE FINRA SIPC and is regulated in Hong Kong by the SFC and in Australia by ASIC (AFSL 245574, ARBN 091191141).
Interactive Brokers Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives.
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.
Your account is cleared and carried by Interactive Brokers LLC and for certain limited products by Interactive Brokers (U.K.) Limited. Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme. Interactive Brokers (U.K.) Limited is authorised and regulated by the FCA and regulated products are covered by the UK FSCS.
Certain financial products are not suitable for all investors. Customers should read the relevant risk warnings before investing. Your capital is at risk and your losses may exceed the value of your original investment.
Is a member of The Luxembourg investor compensation scheme (Système d’indemnisation des investisseurs, SIIL) and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
Is regulated by the Central Bank of Ireland (CBI) and is a member of the Irish Investor Compensation Scheme (ICS).
Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Registering Court: Company Registry of the Metropolitan General Court.
Interactive Brokers Australia Pty. Ltd. is licensed and regulated by the Australian Securities and Investments Commission (AFSL: 453554), is a participant of ASX, ASX 24 and Chi-X and is a member of the Australian Financial Complaints Authority (member number 38492).
Interactive Brokers Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission and is a member of the SEHK and the HKFE.
Interactive Brokers Australia Pty. Ltd. is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).
IBHK, IBAU & IBLUX (collective "IBKR") is not a bank. Any funds that you place with IBKR are for the purpose of dealing or investing in securities, derivatives, forex and other kinds of financial products, in accordance with IBKR's customer agreements and terms of business. If we agree to pay interest on funds that you place in your brokerage account with us, this is incidental to our brokerage business and a benefit to you, and does not constitute a representation that we are carrying on a banking business. Please note that account maintenance fees apply where your trading activities do not generate the minimum monthly commission. For further details, please see our website under pricing > account minimums.
Rates were obtained on February 1, 2021 from each firm's website, and are subject to change without notice. Services vary by firm.
According to StockBrokers.com Online Broker Survey 2021: Read the full article Online Broker Reviews, January 18, 2021. "Professionals can take advantage of industry-leading commissions, including the lowest margin rates across all balance tiers".
Lowest Cost Broker according to StockBrokers.com Online Broker Survey 2021: Read the full article Online Broker Reviews, January 18, 2021. "Because Interactive Brokers' core clientele are professional traders and institutional investors (e.g., hedge funds), it is crucial to provide the lowest commissions schedule available. In our rigorous assessment, there is no question Interactive Brokers delivers".
Rated Best Broker for Low-Cost Investing by Nerdwallet, 2020's Investing Winners. "Read the full review".
IB SmartRoutingSM searches for the best firm stock, option, and combination prices available at the time of your order, and seeks to immediately execute your order electronically. For complete information see: ibkr.com/compare
| Broker | Number of Stocks / ETFs | Order Types | Notes |
|---|---|---|---|
| IBKR | ~8,800 stocks, ADRs and ETFs | Limit, Market, Stop, Stop Limit, and others | U.S. stocks listed on NYSE, AMEX, NASDAQ, ARCA, or BATS, as well as OTC Pink U.S. penny stocks with average daily volume above $10 million and market cap above $400 million are available for fractional shares trading. |
| Schwab | 505 stocks | Market | S&P500 only |
| Fidelity | ~7,000 stocks and ETFs | Market and limit | Fractional trading generally available for exchange-listed National Market System ("NMS") stocks |
| Robinhood | ~7,000 stocks and ETFs | Market | Stocks worth over $1.00 per share with a market capitalization over $25,000,000 are eligible for fractional share orders. You can buy or sell as little as 0.000001 shares |
| M1 Finance | ~6,000 stocks and ETFs | Trades in windows at market price | Fractional trading generally available for exchange-listed National Market System ("NMS") stocks |
Source: investopedia.com - comparing fractional trading offerings at online brokers
Fractional Trading Availability by Broker, as of June 9, 2020. Competitor offers subject to change without notice. Services vary by firm.
Interactive Brokers earned top ratings from Barron's for the past eleven years. A 5.0 star rating, February 26, 2021, February 21, 2020. A 4.5 star rating February 22, 2019, March 26, 2018, March 20, 2017, March 23, 2016, March 21, 2015, March 17, 2014, March 11, 2013, March 14, 2012 and March 14, 2011 Barron's Best Online Brokers. Criteria included Trading Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Education and Security, and Costs. Supporting documentation for claims and statistical information will be provided upon request. Barron's is a registered trademark of Dow Jones & Company, Inc. For additional information, see ibkr.co.uk/awards.
Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.
According to Barron's "Best Online Brokers of 2020" - February 21, 2020, Interactive Brokers was awarded the highest 5 star rating for Best for International Traders, and Best for Active Traders.
This advertisement is not an offer to sell or a solicitation of an offer to buy any security. Interactive Brokers does not provide investment advice.
Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at Interactivebrokers.com
Financing transactions with investment loans is only for sophisticated investors with high risk tolerance.
You may lose more than your initial investment.
For additional information regarding margin loan rates, see
ibkr.hu/marginrates
.
Options involve risk and are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy, call 312 542-6901(US) or +352 2779 6700(EU).
Multiple leg strategies, including spreads, will incur multiple commission charges.
Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, please read the Security Futures Risk Disclosure Statement. For a copy visit Interactivebrokers.com
Options and Futures: Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading options read the "Characteristics and Risks of Standardized Options". Before trading futures, please read the CFTC Risk Disclosure. Copies of these disclosures are available at Interactivebrokers.com
There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.
Forex spreads as low as 1/2 PIP wide (plus a transparent low commission) - Trade Value * 0.2 basis point or less
Credit interest rate as of 2/1/2021. USD credit interest is paid at the stated rate on balances over USD 10,000 in securities accounts with NAV exceeding USD 100,000. Accounts with less than 100,000 NAV will receive USD credit interest at rates proportional to the size of the account. The rate paid in smaller accounts is proportionally reduced, so that if the total value of the account is $60,000 the interest rate paid is reduced by 40%. For more information, see ibkr.hu/interestrates .
Annual Percentage Rate (APR) on USD margin loan balances as of 2/01/21. Interactive Brokers calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. For additional information on margin loan rates, see ibkr.hu/marginrates. .
Supporting documentation for any claims and statistical information will be provided upon request. Rates were obtained on May 13, 2019 from each firm's website and/or verified via phone conversation with representatives from TDAmeritrade and Schwab, and are subject to change without notice. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Services vary by firm. Interactive Brokers; 0.32 – 0.47 per contract – all in – E*trade; $1.50 per side, per contract, plus exchange fees – TDAmeritride; $2.25 fee per contract (plus exchange & regulatory fees) – Schwab; currently does not offer product; Fidelity: Does not offer futures products.