Interactive Brokers: Fees, Features, and More (2025)
Interactive Brokers caters to active and globally minded investors with institution‑grade tools and transparent pricing. The flagship Trader Workstation and open API provide deep market access—spanning equities, options (as low as $0.15–$0.65 per contract), bonds, and partner‑powered crypto at 0.18 %. IBKR routes orders without payment‑for‑order‑flow and offers fractional shares plus automated portfolio‑building features. Its fund marketplace is unmatched, featuring 43,000+ mutual funds—about 19,000 with no transaction fee—all available with no minimum deposit.
| Feature | |
|---|---|
| Website | https://www.interactivebrokers.com/ |
| Broker Type | Discount |
| Trading: Stock & ETF? | Yes |
| ETF & Stock commission | $0 for IBKR Lite, $0.005 per share for IBKR Pro (minimum $1) |
| Fractional Shares? | Yes |
| Percent Allocations? | Yes; Portfolio Builder or "Rebalance Portfolio" window in Trader Workstation |
| Crypto Trading? | Yes, via providers |
| Crypto Fees | 0.18% |
| Options Trading? | Yes |
| Options Fee | 15 to 65 cents |
| Bond Trading Available? | Yes |
| Pays for Order Flow (PFOF)? | No |
| Interface: Web trading? | Yes |
| Desktop trading? | Yes; Trader Workstation |
| API Trading? | Yes; Trader Workstation API |
| Mutual Funds: Offered? | Yes |
| Total Mutual Funds | Over 43,000 |
| NTF Mutual Funds | Over 19,000 |
| Non-NTF Fund Fee | $14.95 or 3% of trade value (whichever is lower) |
| Early Redemption Fee? | Yes |
| Redemption Hold (Days) | 0 days (but fund company fees may apply) |
| Early Redemption Fee | $0 (but fund company fees may apply) |
| Accounts: Margin Accounts? | Yes |
| IRAs Offered? | Yes |
| HSAs Offered? | No |
| Money Market Sweep? | Yes |
| CDs Offered? | Yes |
| Robo-Advisor: Offered | Yes |
| Robo-Advisor Service | PortfolioAnalyst |
| Robo-Advisor Fes | 0.08% to 1.50% |
| Basics: Headquarters | Greenwich, CT |
| Year Founded | 1978 |
| Clearing Firm | Self-clearing |
| Local Branches? | Yes, about 2 locations |
| New Account Minimum | $0 |
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