Interactive Brokers: Fees, Features, and More (2026)

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.

Detailed feature breakdown for Interactive Brokers brokerage (2026)
Feature
Website	https://www.interactivebrokers.com/
Broker Type	Self-directed online discount broker
Trading: Stock & ETF?	Yes
ETF & Stock commission	IBKR Lite: $0 US-listed stocks/ETFs (US residents); IBKR Pro: $0.005/share fixed (min $1) or $0.0005–$0.0035/share tiered (min $0.35)
Fractional Shares?	Yes (eligible US/CA/EU stocks & ETFs, from $1)
Percent Allocations?	Yes (TWS Rebalance Portfolio sets custom target %)
Crypto Trading?	Yes (spot crypto via Paxos/Zero Hash for eligible US IB LLC clients; permissions required; also futures/ETPs)
Crypto Fees	0.12%–0.18% of trade value (monthly volume tiers), USD 1.75 min/order (capped at 1% of value); no added spreads/markups/custody fees; possible $0.15/mo Paxos fee
Options Trading?	Yes
Options Fee	US: Lite $0.65/contract ($1 min; Pro rates after 1k contracts/mo); Pro $0.15–$0.65/contract (volume/premium tiers), $1 min/order + exchange/reg/clearing fees
Bond Trading Available?	Yes (US Treasuries, corporates, munis, CDs, 1M+ global bonds)
Receives payment for order flow (PFOF)?	Sometimes (Lite receives PFOF on US stocks/options; Pro generally avoids via SmartRouting)
Interface: Web trading?	Yes (Client Portal web; IBKR Mobile and GlobalTrader apps)
Desktop trading?	Yes; Trader Workstation (TWS) and IBKR Desktop.
API Trading?	Yes; TWS API and Web API for retail algorithmic trading.
Mutual Funds: Offered?	Yes
Total Mutual Funds	50,000+
NTF Mutual Funds	20,000+
Non-NTF Fund Fee	Lesser of 3% of trade value or USD 14.95 per transaction (US).
Early Redemption Fee?	Yes (no IBKR fee); fund companies may charge per prospectus.
Redemption Hold (Days)	None by IBKR (0 days); fund prospectus may impose.
Early Redemption Fee	$0 from IBKR; funds may charge per prospectus.
Accounts: Margin Accounts?	Yes (Cash, Margin, or Portfolio Margin; typically $2,000 equity for margin).
IRAs Offered?	Yes (Traditional, Roth, SEP, SIMPLE, Inherited, Rollover).
HSAs Offered?	No
Money Market Sweep?	Yes (Insured Bank Deposit Sweep Program).
CDs Offered?	Yes (brokered CDs).
Robo-Advisor: Offered	Yes
Robo-Advisor Service	Interactive Advisors
Robo-Advisor Fees	0.10%–0.75% AUM/year (varies by portfolio; IA 0.10%–0.20%, managers 0.25%–0.75%); no commissions
Basics: Headquarters	Greenwich, CT
Year Founded	1977
Clearing Firm	Self-clearing
Local Branches?	No
New Account Minimum	$0

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Interactive Brokers: Fees, Features, and More (2026)

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