Interactive Brokers Overview
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| Broker: | Interactive Brokers |
| Site: | http://interactivebrokers.com  |
| All Fees: | http://www.interactivebrokers.... |
| Application: | http://individuals.interactive... |
| Min Assets: | 10000.00 $ |
| Avg Rating: |   |
| Based On: | 4 Reviews |
Interactive Brokers Awards
SmartMoney's Annual Broker Survey
In SmartMoney's 2008 annual broker survey, Interactive Brokers was named best in commissions and fees.
2008-05-20 14:57:59
Annual Ranking Of the Best Online Brokers
In Barron's annual broker ranking, Interactive Brokers was named 3rd best overall broker for its low commissions, low margin rates, and trading platform.
2008-03-17 09:31:40
In SmartMoney's 2008 annual broker survey, Interactive Brokers was named best in commissions and fees.
2008-05-20 14:57:59
Annual Ranking Of the Best Online Brokers
In Barron's annual broker ranking, Interactive Brokers was named 3rd best overall broker for its low commissions, low margin rates, and trading platform.
2008-03-17 09:31:40
Accurate Pricing
All pricing information is automatically checked and updated every 24 hours.
Interactive Brokers Stock Commissions
| Cost | Cost Basis | Min Trades | Min Assets | Min Fee | Max Shares |
| 0.008 $ (1) | per share | 10000.00 $ | 1.30 $ | ||
| 0.013 $ (2) | per share | 10000.00 $ | 1.30 $ | 500 |
| (1) | 500+ shares per transaction |
| (2) | under 500 shares per transaction |
| (*) | Commission pricing last updated 07/29/10 |
Stock Commissions Chart ( cost per trade )
| Merrill Edge |     0.00 - 8.95 $ |
| Wells Fargo | 0.00 - 19.95 $ |
| Zecco | 0.00 - 4.50 $ |
| Share Builder | 1.00 - 9.95 $ |
| Just2Trade | 2.50 $ |
| Options House | 2.95 $ |
| Speed Trader | 2.95 - 7.95 $ |
| Sogo Trade | 3.00 $ |
| eOption | 3.00 $ |
| Marsco | 3.95 $ |
| MB Trading | 4.95 $ |
| Trade King | 4.95 $ |
| Firstrade | 6.95 $ |
| Trade Station | 6.99 - 9.99 $ |
| Scottrade | 7.00 $ |
| Trade Monster | 7.50 $ |
| Fidelity | 7.95 $ |
| Investrade | 7.95 $ |
| Noble Trading | 7.95 $ |
| Cobra Trading | 7.99 $ |
| ETrade | 7.99 - 9.99 $ |
| Charles Schwab | 8.95 $ |
| Options Xpress | 9.95 - 14.95 $ |
| Think Or Swim | 9.95 $ |
| TD Ameritrade | 9.99 $ |
| Siebert Net | 14.95 $ |
Stock Commissions Chart ( cost per share )
| Light Speed | 0.00395 $ |
| Cobra Trading | 0.004 - 0.007 $ |
| Speed Trader | 0.004 $ |
| MB Trading | 0.0075 $ |
| Interactive Brokers |    0.008 - 0.013 $ |
| Noble Trading | 0.008 $ |
| Trade Station | 0.01 $ |
| Think Or Swim | 0.015 $ |
Interactive Brokers Option Commissions
| Cost | Min Trades | Min Assets | Min Fee |
| 0.00 $ +0.5$ /contract (1) | 10000.00 $ | 1.00 $ | |
| 0.00 $ +0.25$ /contract (2) | 10000.00 $ | 1.00 $ |
| (1) | option price < $0.10 |
| (2) | option price < $0.05 |
| (*) | Commission pricing last updated 07/29/10 |
Option Commissions Chart ( online orders )
| Interactive Brokers | 0.00 +0.25 - 0.70$ /contract |
| Investrade | 0.00 +1.50$ /contract |
| Light Speed | 0.00 +0.50$ /contract |
| MB Trading | 0.00 +0.95$ /contract |
| Options House | 0.00 +1.00$ /contract |
| Options Xpress | 0.00 +1.25 - 1.50$ /contract |
| Speed Trader | 0.00 +1.00 - 1.25$ /contract |
| Think Or Swim | 0.00 - 9.95 +0.95 - 2.95$ /contract |
| Trade Monster | 0.00 +0.50$ /contract |
| Trade Station | 0.00 +1.00$ /contract |
| Just2Trade | 2.50 +0.50$ /contract |
| eOption | 3.00 +0.10$ /contract |
| Marsco | 3.95 +1.50$ /contract |
| Zecco | 4.50 +0.50$ /contract |
| Merrill Edge | 4.95 - 8.95 +0.75$ /contract |
| Trade King | 4.95 +0.65$ /contract |
| Sogo Trade | 5.00 +0.65$ /contract |
| Firstrade | 6.95 +0.75$ /contract |
| Scottrade | 7.00 +1.25$ /contract |
| Fidelity | 7.95 +0.75$ /contract |
| Noble Trading | 7.95 +1.00$ /contract |
| Share Builder | 7.95 - 9.95 +0.75 - 1.25$ /contract |
| Cobra Trading | 7.99 +1.00$ /contract |
| ETrade | 7.99 - 9.99 +0.75$ /contract |
| Charles Schwab | 8.95 +0.75$ /contract |
| Wells Fargo | 9.95 +1.00$ /contract |
| TD Ameritrade | 9.99 +0.75$ /contract |
Interactive Brokers User Reviews
by vmlax ( 35 
) on 2009-12-04 14:20:01I am an active stock and options trader, so Interactive Brokers is a great fit for me. The platform isn't the best out there, but the prices are unbeatable.
by uglychart ( 15 
) on 2009-10-24 20:25:57I have been trading with Interactive Brokers for years - you can't beat the price. Trade execution time is lightning fast. I have never had a problem with any order.
The only thing that they could really improve is their charts (they suck - I use another program for charts), and additional functionality for conditional orders would be nice.
by serio ( 15 ) on 2009-10-06 17:58:17The customer service can be tough to get a hold of, and isn't very polished or professional but IB is not meant for people who are just starting out. If you have some experience in the stock market and want cheap trades, this is the lowest price I have found. IB gets my recommendation
by trader ( 56 
) on 2009-09-22 20:04:05Interactive brokers has really competitive pricing for their stock transactions. That's what drew me to them originally. I was coming from scottrade, so there was a definitely a difference in the intuitiveness of the user interface, but it wasn't impossible to get used to. Definitely if you're looking for really cheap commissions, Interactive Brokers is a good bet. If you're a newbie, you might want to try something different.
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