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Interactive Brokers fees

Cost is where brokers in the same regulatory bracket actually differ. The full fee record for Interactive Brokers, from the database.

Facts last checked . Read the full Interactive Brokers review.

What it costs to trade

Spread from
0.1 pip
EUR/USD spread
Approx. 0.1-0.2 pips before commission
GBP/USD spread
Approx. 0.2-0.3 pips before commission
Commission
Approx. $2 per side per $100,000 at minimum tier
All-in cost, EUR/USD
Approx. 0.4-0.6 pips for a 1-lot trade
Spread type
Variable
Overnight swap
Financing/interest applies rather than conventional retail-broker swaps
Deposit fee
Generally none from IBKR
Withdrawal fee
One free withdrawal per calendar month, then fees apply
Currency conversion
Approx. 0.002% of trade value, subject to minimum commission

What this means

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.1 pip is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Interactive Brokers lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Interactive Brokers fees

What is the EUR/USD spread at Interactive Brokers?

Interactive Brokers records an average EUR/USD spread of approx. 0.1-0.2 pips before commission on a variable pricing model.

Does Interactive Brokers charge commission?

Interactive Brokers's commission is Approx. $2 per side per $100,000 at minimum tier. A commission account usually pairs with a tighter spread, so the two have to be read together.

Does Interactive Brokers charge to deposit or withdraw?

Deposit fees at Interactive Brokers: Generally none from IBKR. Withdrawal fees: One free withdrawal per calendar month, then fees apply.

Fees at brokers under the same regulator

More about Interactive Brokers