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Interactive Brokers fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

Regulation: SEC, FINRA, CFTC/NFA, FCA, ASIC, Central Bank of Ireland, CIRO, MAS, SFC and others. How Interactive Brokers is regulated

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 the last thing to weigh here, and never the thing that should decide it.

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

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.

What does Interactive Brokers charge to hold a position overnight?

Overnight financing at Interactive Brokers is recorded as financing/interest applies rather than conventional retail-broker swaps.

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.

Fees at brokers under the same regulator

More about Interactive Brokers