1. Broker Summary - Interactive Brokers: Introduction
  2. Broker Summary - Interactive Brokers: Account Types And Minimum Deposits
  3. Broker Summary - Interactive Brokers: Services Offered
  4. Broker Summary - Interactive Brokers: Commission, Fees And Customer Support
  5. Broker Summary - Interactive Brokers: Analysis And Trading Tools
  6. Broker Summary - Interactive Brokers: Conclusion

Commission and Fee Schedule
Interactive Brokers has automated every aspect of the trade process in-house, allowing them to offer low commissions. IB's commission structure is complex and based on a variety of factors including chosen pricing structure (Flat Rate or Cost Plus), instrument, quantity traded, and the traded market. Flat Rate commissions for stocks, ETFs and Warrants in the United States, for example, are USD 0.005 per share with a minimum per order of USD 1.00 and a maximum per order of 0.5% of trade value. US commission rates generally are $1.00 for 100 shares, $1.00 for one stock option, and 85 cents for one e-mini S&P 500 Future. Margin rates range from 1.60% on $25,000 to 0.74% on $3.5 million or more. The Flat Rate and Cost Plus pricing structures apply to stocks and ETFs in the U.S., Canada, Europe and Hong Kong: Flat Rate and Cost Plus. By default, all new accounts use the Flat Rate pricing structure. A description of each is shown in the following figure:

Figure 3: IB\'s Flat Rate and Cost Plus pricing structures
IB's complete commission and fee structure can be viewed by visiting http://www.interactivebrokers.com/en/p.php?f=commission. Commissions are listed by:

  • Stocks, ETFs and Warrants

  • Options

  • Futures and FOPs

  • U.S. Single Stock Futures (SSFs)

  • EFPs

  • Forex

  • Metals

  • Bonds

  • CFDs

  • Funds

  • Trade Desk (broker assisted trading)
SEE: Full-Service Brokerage Or DIY?

Customer Support
IB offers 24-hour customer service through regional Customer Service Centers located throughout the United States, Europe and Asia. In addition to phone support, assistance and information are available through online chat, email, fax and mail. The Knowledge Base on IB's Web site serves as a reference for glossary terms, how-to articles, troubleshooting tips and guidelines designed to assist customers with the management of their IB accounts. IB provides the following tips for receiving the best service:

Figure 4: IB\'s recommended form of contact for various types of requests


Broker Summary - Interactive Brokers: Analysis And Trading Tools

Related Articles
  1. Personal Finance

    How Does Commission Work?

    A commission is the charge that brokers or investment advisors assess in exchange for their services.
  2. Investing

    Picking Your First Broker

    If you're a rookie investor, your first big investment decision should be an informed one. Read about how to choose your first broker here.
  3. Investing

    How To Choose The Right Online Trading Broker

    The online broker market is becoming more competitive, but differences exist in services that can help traders choose the broker that’s right for them.
  4. Investing

    Why Use a Discount Broker?

    A discount broker is a stockbroker that does not offer clients investment advice, but trades shares for a smaller commission than a full-service broker.
  5. Investing

    How Do Real Estate Agents Get Paid?

    Here's how real estate commissions on home sales really work. And, yes, they're negotiable.
  6. Trading

    10 Tips For Choosing An Online Broker

    This important investment decision happens before you pick your first stock. Here are some tips to get it right.
  7. Tech

    Buying ETFs Online Is Easy: Here's How

    Learn how and where to purchase exchange-traded funds (ETFs) online and bypass the standard broker commission that must be paid to trade on exchanges.
  8. Financial Advisor

    Evaluating Your Stock Broker

    Make sure you're getting the best service by staying informed and involved.
Frequently Asked Questions
  1. What are the Differences Among a Real Estate Agent, a broker and a Realtor?

    Learn how agents, realtors, and brokers are often considered the same, but in reality, these real estate positions have different ...
  2. What is the difference between amortization and depreciation?

    Because very few assets last forever, one of the main principles of accrual accounting requires that an asset's cost be proportionally ...
  3. Which is better, a fixed or variable rate loan?

    A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest ...
  4. What is the 1003 mortgage application form?

    Learn about the 1003 mortgage application form, what information it requires and why this form is the industry standard for ...
Trading Center