VOL. XCIV, NO. 247
A CURATED DIRECTORY OF FINANCIAL TOOLS AND RESOURCES
Interactive Brokers (IBKR) Review, Pricing, and Features
Interactive Brokers (IBKR)
Interactive Brokers serves active investors, professionals, quantitative traders, and institutions across global markets. It supports advanced orders, SmartRouting, APIs, paper trading, and portfolio analysis. Products, commissions, data fees, protection, and API limits depend on market, account, entity, and country.
Best for
- Active investors who need global multi-asset access, advanced orders, APIs, and volume-based commissions.
- Algorithmic traders who need TWS, REST, WebSocket, FIX, paper trading, and programmatic reports.
- Investors comparing PortfolioAnalyst, Risk Navigator, statements, and account reporting.
Watch out
- The record contains separate stock, ETF, options, futures, crypto, and market-data pricing notes by region and product.
- The profile notes real-time quotes, Level II, and API market data generally require relevant subscriptions.
Community votes (overall)
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Pricing
Key fees from the official fee schedule
Source-checked · Aug 23, 2026Western European stocks and ETFs
General account platform and inactivity
Real-time market data
Covers Interactive Brokers Ireland. Other IBKR entities serve other regions, with different fees and protection. See the Interactive Brokers Ireland fee schedule for your country.
Key features
- Stocks, ETFs, options, futures, futures options, spot FX, bonds, mutual funds, commodities, structured products, CFDs, crypto-related products, and spot crypto where jurisdiction allows.
- Client Portal, Trader Workstation, IBKR Desktop, IBKR Mobile, GlobalTrader, paper trading, and API access cover different workflows.
- IB SmartRouting, advanced order types, conditional orders, bracket workflows, options combos, and algorithmic order tools across supported products.
- TWS API, Web API, REST, WebSocket streaming, FIX, and Flex Web Service support trading and reporting workflows.
- Paper trading with separate credentials and simulated buying power once a live account is approved.
- PortfolioAnalyst, Risk Navigator, model portfolios, rebalancing, Value at Risk, and benchmark attribution with PDF/CSV reporting.
- Statements and Flex Queries download as PDF, CSV, XML, text, or programmatic formats for tax, accounting, and analytics.
- Integrations include TradingView trading, Quicken, Tradelog, and CapTools where available.
- Stock, ETF, options, futures, crypto, financing, exchange, regulatory, and market-data fees differ by region, product, and account plan.
- IBKR advertises free streaming quotes for U.S.-listed stocks. Other real-time, Level II, and API market data can require subscriptions.
Broker details
Account and availability
Available in 30 countries
Account
Individual, Joint · EUR, GBP, USD base currency · No general account minimum displayed
Cash and trading
Interest on uninvested cash
Up to 3.13% on eligible USD cash
No interest on the first USD 10,000 equivalent
Deposits
No fee listed
Electronic bank transfer, including SEPA/BACS where available
Withdrawals
One free monthly; then EUR 1 SEPA or EUR 8 bank transfer
Bank transfer or SEPA/BACS where available
Fractional shares
Available
Eligible US, Canadian and European stocks and ETFs · From USD 1
Tax support · 30 countries
Statements only
Regulation and protection
Interactive Brokers Ireland Limited
Central Bank of Ireland · C423427; CRO 657406
Irish Investor Compensation Scheme · 90% of an eligible loss, up to EUR 20,000
Coverage is subject to the scheme's eligibility and claim rules and concerns firm failure, not market losses.
SIPC for certain US-custodied positions · Up to $500,000, including a $250,000 cash sublimit, where applicable
Only qualifying positions held with the US affiliate are in scope. This is not protection against investment loss.
Source-checked · Reviewed Aug 23, 2026 · Official sources: Client protection, Regulatory disclosures, GlobalTrader pricing, Available countries and territories, Individual and joint accounts, European stock commissions, Interest rates on cash balances, Other fees and withdrawals, Fractional trading, Tax reports for non-US customers
FAQ
Is Interactive Brokers (IBKR) free?
Interactive Brokers (IBKR) should not be treated as free software. Brokerage access may have no monthly charge, but transaction, FX, market-data, custody, transfer, product, or spread costs can apply depending on the offer and jurisdiction. Check the broker details and official fee schedule.
Who is Interactive Brokers (IBKR) best for?
Interactive Brokers (IBKR) is built for Retail Traders, Pro Retail, Institutional Investors, Day Traders, Swing Traders, Algo Traders + 3 more. It suits beginner, intermediate, and advanced users.
What platforms and connections does Interactive Brokers (IBKR) support?
You can use Interactive Brokers (IBKR) on Web, Mobile, and Desktop. Interactive Brokers (IBKR) offers an API (REST and WebSocket) with OAuth2 authentication. Integrations include TradingView, Quicken, Tradelog, and CapTools.
Which markets does Interactive Brokers (IBKR) cover?
Interactive Brokers (IBKR) covers North America, Europe, and APAC. It tracks Stocks, ETFs, Options, Futures, Currencies, Bonds + 4 more. Identifiers include Ticker.
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