Interactive Brokers

Interactive Brokers Reviews
Average Rating (5 ratings total)

Bookmark and Share
Interactive Brokers Group, Inc. was founded by its Chairman and CEO Thomas Peterffy. Over the last 32 years, it has grown internally to become one of the premier securities firms with over $4 billion in equity capital. Interactive Brokers conducts its broker/dealer and proprietary trading businesses on over 70 market destinations worldwide. In its broker dealer agency business, IB provides direct access ("on line") trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, bonds and funds worldwide. Interactive Brokers Group and its affiliates execute approximately 1,000,000 trades per day. Interactive Brokers' headquarters are in Greenwich Connecticut, and it has about 650 employees in its offices in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia and Estonia. IB is regulated by the SEC, FINRA, NYSE, SFA and other regulatory agencies around the world.

Tradable Assets

Asset class Details
U.S. Stocks
Options
Mutual Funds
Bonds
Foreign Stocks
Forex
Futures

Stock Commissions

Order Method Cost per Stock
United States
USD 0.005
Non-Smart Routed API orders (Less than 500 shares)
USD 0.013
Non-Smart Routed API orders (Greater than 500 shares)
USD $0.008
VWAP orders
USD 0.01
Canada
CAD 0.01

Options Commissions

Number of Monthly Contracts Cost per Contract
<=10,000 Monthly Contracts
USD 0.70
10,001-50,000 Monthly Contracts
USD 0.50
50,001-100,000 Monthly Contracts
USD 0.25
> 100,000 Monthly Contracts
USD 0.15

Mutual Funds Commissions

Order Type Cost per Trade
IB Transaction Fee
USD 14.95 Per Transaction

Bonds Commissions

Order Type Face Value
Up to USD 10,000 Face Value
USD 1.00/1,000 Face Value
Incremental Face Value > USD 10,000
0.025% * Trade Value

Forex

Monthly Trade Amount Dollars per Trade
<=USD 1,000,000,000
0.2 basis point *Trade Value
USD 1,000,000,001 - 2,000,000,000
0.15 basis point *Trade Value
>USD 2,000,000,000
0.10 basis point*Trade Value

Account Minimums & Cash Interest

Minimum Balance (Cash)
0
Minimum Balance (Margin)
0
Minimum Balance (IRA)
0


Tools Service Features Trade Features
  • Real time data
  • Phone Support
  • Advanced order types
  • Smart Order Routing

Fees

SmartRouting
SmartRouting: USD 0.25/executed contract capped at USD 3.75/order (up to 15 contracts per order)
US Direct API stock orders
USD 0.12/Cancel or modify order

Contact Informartion

Contact Information
Mailing Address
Interactive Brokers LLC
Document Processing
209 South LaSalle Street
10th Floor
Chicago, IL 60604
 Phone


Phone Hours
1 (877) 442-2757
1 (312) 542-6901

Monday-Friday 09:00 - 20:00 EST
Website
www.interactivebrokers.com
 Fax
1 (312) 984-1019


UpDown.com - Practice Investing | Links | Massachusetts Real Estate | NXFX Studios | Boston VFX
The information and links on this page are provided for your convenience only. Online Broker Guide is not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The information and services that can be accessed through these links are provided by the individual brokerage companies, not by Online Broker Guide. The brokerage company you select is solely responsible for its services to you, the user. Online Broker Guide shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage company's services. Offers may be valid in the US only.