Interactive Brokers

Verdict

IBKR Desktop portfolio + MSFT chart workspace (Basic Trading layout) — captured 2026-09-14.

Interactive Brokers is a global electronic brokerage — an account you can open for multi-asset trading — not charting SaaS and not a ranking of who is cheapest. Official pages at interactivebrokers.com and interactivebrokers.ca describe IBKR Pro and IBKR Lite commission schedules, platforms (Trader Workstation / TWS, Client Portal, IBKR Mobile, IBKR Desktop), and — on the Canada site — registered accounts (RRSP, RRIF, TFSA, FHSA).

Authoritative standing US stock/ETF commissions (commissions-stocks; capture 2026-09-14):

Monthly volume (shares)	IBKR Pro — Tiered	IBKR Pro — Fixed	IBKR Lite
≤ 300,000	USD 0.0035/share	USD 0.005/share	USD 0.00
300,001 – 3,000,000	USD 0.0020	USD 0.005	USD 0.00
3,000,001 – 20,000,000	USD 0.0015	USD 0.005	USD 0.00
20,000,001 – 100,000,000	USD 0.0010	USD 0.005	USD 0.00
> 100,000,000	USD 0.0005	USD 0.005	USD 0.00
Minimum per order	USD 0.35	USD 1.00	USD 0.00
Maximum per order	1% of trade value	1% of trade value	USD 0.00
Eligibility (table)	All	All	US Residents Only

US options (commissions-options; capture 2026-09-14): IBKR Pro ≤ 10,000 contracts/month shows USD 0.65/contract examples by premium band (tiers down to USD 0.15 at high volume); USD 1.00 minimum per order. IBKR Lite options use a published premium-band schedule; notes say Lite fixed rates apply to the first 1,000 US option contracts/month, then Pro tiered. Exchange, clearing, ORF, and other pass-throughs still apply as listed.

Canada CAD stocks (interactivebrokers.ca commissions-stocks; capture 2026-09-14):

Monthly volume (shares)	Tiered	Fixed
≤ 300,000	CAD 0.008/share	CAD 0.01/share
300,001 – 3,000,000	CAD 0.005	CAD 0.01
3,000,001 – 20,000,000	CAD 0.004	CAD 0.01
> 20,000,000	CAD 0.003	CAD 0.01
Minimum per order	CAD 1.00	CAD 1.00
Maximum per order	0.5% of trade value	0.5% of trade value

Tiered Canada rows list exchange / clearing / regulatory third-party fees; Fixed lists third-party fees as None on that table.

Platforms are software surfaces of the broker (not separate SaaS seats): TWS, Client Portal, IBKR Mobile, trading platforms overview.

This is a directory listing of a broker, not a SaaS comparison, not a signal service from FTT, and not financial advice. Do not treat this page as a how-to for placing trades.

We are not saying Interactive Brokers is the best broker, the cheapest broker, or the best purchase. We do not invent star ratings. We are not saying any commission schedule will make a strategy profitable. We don’t have an affiliate link for Interactive Brokers, so its button goes to the official homepage.

Best for

• Multi-asset / global brokerage as the primary job — published Pro per-share and options schedules plus Lite USD 0.00 US exchange-listed stocks/ETFs where eligibility applies.
• Readers who want professional-style platforms — TWS Mosaic, Client Portal (browser), and IBKR Mobile as broker software surfaces (not a separate charting SaaS subscription story).
• Canada residents evaluating Interactive Brokers Canada — official CA pages list RRSP / RRIF / TFSA / FHSA and publish CAD stock commissions (CAD 1.00 min/order).
• US residents comparing Pro vs Lite on the official stocks table (Lite marked US Residents Only).

That is a fit for traders who want brokerage execution with published commissions. It is not a claim that switching brokers improves results.

Skip if

• You assumed IBKR Lite $0 US stock commissions apply in Canada. The US stocks table marks Lite eligibility US Residents Only. See Canada note.
• You want a Canada-only $0 stock/ETF commission story. Neighbor: Wealthsimple (Canada residents; Trade $0 equities on that review). Different product story — not a ranking.
• You expected this page to rank “best / cheapest broker.” This directory does not rank brokers.
• You expected an affiliate link. We don’t have an affiliate link for Interactive Brokers, so its button goes to the official site.
• You expected a SaaS Pro subscription tier for the platform. Platforms are broker software surfaces; standing dollars here are commissions, not a charting seat SKU.

What you get

Official US commissions — IBKR Pro Tiered / Fixed and IBKR Lite (captured 2026-09-14).

Source of truth for standing commissions: US stocks, US options, Canada stocks, plus other fees for non-commission rows — capture 2026-09-14. This is not a SaaS subscription matrix.

Product	Billing shape	Standing figure (typed into offers[])	Pricing URL
IBKR Lite US stocks & ETFs	Per share	USD 0.00	US stocks
IBKR Pro Fixed US stocks	Per share	USD 0.005	same
IBKR Pro Tiered US stocks ≤300k	Per share	USD 0.0035	same
IBKR Pro US options ≤10k	Per contract (example band)	USD 0.65	US options
Canada CAD Fixed stocks	Per share	CAD 0.01	CA stocks
Canada CAD Tiered stocks ≤300k	Per share	CAD 0.008	same

Also on those official pages (feature / fee claims — standing dollars only from the table above for offers[]):

• IBKR Lite eligibility. Stocks table: US Residents Only. Stocks footnotes: Lite available to US residents for Individual, Joint, IRA, and Trusts (natural-person beneficiary/trustee); US advisors can offer Lite to clients. Outside-RTH / OnOpen / OnClose / sub-dollar volume footnotes apply — confirm on the official page.
• Pass-throughs. Tiered schedules pass exchange / clearing / regulatory fees; Fixed bundles differently by market. Options ORF and related fees still apply as listed.
• Withdrawals (other fees). Two free withdrawal requests per calendar month; thereafter published per-currency fees (examples on capture: USD wire 10.00, CAD wire 12.00, CAD EFT 2.00).
• Canada registered accounts. RRSP / TFSA / FHSA info — Canadian residents; TFSA / FHSA / RRSP details on that page.
• CIRO / CIPF. Canada site footer: Interactive Brokers Canada Inc. is a member of CIRO and Member — Canadian Investor Protection Fund.

Commissions and fees change. Confirm on the official site before you open an account or place a trade. This directory does not sell Interactive Brokers and has no affiliate URL. The CTA on this page goes to the official homepage: interactivebrokers.com. We may earn a commission later if a tracked link is added; none is wired today.

How it works

Official trading platforms overview — IBKR Desktop, Client Portal, IBKR Mobile (captured 2026-09-14).

1. Choose the right IBKR website / entity for your location (interactivebrokers.com vs interactivebrokers.ca) — Canada site prompts when content is not intended for your location.
2. Open an eligible account. US individual pages describe personal brokerage; Canada individual / registered pages list Individual, Joint, RRSP, RRIF, TFSA, FHSA.
3. Pick Pro vs Lite where available. Lite USD 0.00 US exchange-listed stocks/ETFs is a US-resident eligibility story on the stocks table — not assumed for Canada.
4. Fund and trade on published commissions; use TWS, Client Portal, or IBKR Mobile as broker software surfaces (platforms).
5. Watch non-commission fees — withdrawals after the free monthly allowance, market data, and product-specific pass-throughs on other fees.

Platforms as broker software (not SaaS seats)

Surface	Official framing
Trader Workstation (TWS)	Professional trading platform / Mosaic workspace
Client Portal	Browser-based trading and account management
IBKR Mobile	iOS / Android trading app
IBKR Desktop	Streamlined desktop platform on the platforms overview

None of those rows is a recommendation. Confirm account eligibility and commissions on official pages before you apply.

Watch-outs

Official Other Fees — Withdrawals (two free per month; thereafter per-currency fees) — captured 2026-09-14.

• IBKR Lite is not universal. US stocks table: Lite eligibility US Residents Only. Do not assume Lite USD 0.00 for Canada residents.
• Headline commissions are not all-in. Tiered schedules pass exchange / clearing / regulatory fees; options ORF and related fees still apply.
• Withdrawal fees after the free allowance. Official other-fees page: two free withdrawal requests per calendar month; then published wire / EFT / check fees by currency.
• Canada registered-account limits exist. Official RRSP / TFSA / FHSA page documents contribution / transfer / product constraints — read that page; do not invent contribution-room advice here.
• Complexity. Pro Tiered vs Fixed vs Lite, multi-currency balances, and platform choice add operational complexity vs simpler retail brokers.
• This directory does not rank cheapest broker. Neighbor comparisons are not a shootout.

Pros and cons

Official IBKR Mobile product UI — captured 2026-09-14.

Sourced from official US stocks, US options, Canada stocks, platforms, other fees, and Canada RRSP/TFSA/FHSA. We do not invent SaaS tiers, affiliate URLs, or commission rankings.

Pros

• Clear published Pro / Lite US stock tables and Canada CAD Tiered / Fixed tables (2026-09-14 capture).
• IBKR Lite USD 0.00 on eligible US exchange-listed stocks/ETFs (US residents only on that table).
• Canada entity documents TFSA / RRSP / FHSA and CIRO / CIPF membership language on official CA pages.
• Multiple software surfaces (TWS, Client Portal, Mobile, Desktop) without inventing a platform SaaS subscription SKU here.
• Global multi-asset brokerage framing on official sites.

Cons

• It is a broker, not analysis SaaS; live trading requires an account relationship and product approvals.
• Lite USD 0.00 US stocks are not assumed for Canada residents.
• Tiered pass-throughs and options ORF mean headline commissions are not all-in.
• Withdrawal fees apply after two free requests per month.
• Platform density can overwhelm readers who want a simple retail UI.
• This directory does not rank “cheapest broker.”
• No FTT affiliate URL yet — CTAs go to the official homepage.

How it compares

Official Canada CAD Denominated stock commissions (not a competitor shot; captured 2026-09-14).

Neighbors on this directory: Wealthsimple, tastytrade, and Thinkorswim. This is not a ranking. These are neighboring listings for related broker jobs. We do not invent star ratings. We do not claim Interactive Brokers is better.

	Interactive Brokers	Wealthsimple	tastytrade	Thinkorswim
Status on this directory	Live review	Live review	Live review	Live review
Job	Global electronic broker (Pro/Lite commissions + platforms)	Canada brokerage + registered accounts (+ managed Invest)	U.S. brokerage / commissions platform	Schwab brokerage platform suite (+ charting job)
What official pages describe	Pro/Lite stock & options schedules; TWS / Portal / Mobile; CA TFSA/RRSP/FHSA	Trade $0 equities; options/futures/FX; Invest AUM; Canada eligibility	Commissions table; no platform subscription	Desktop / web / mobile; paperMoney; Guest Pass; Schwab pricing
Price captured here	US Lite USD 0.00; Pro Fixed USD 0.005/share; Pro Tiered from USD 0.0035; US options Pro example USD 0.65/contract; CA Fixed CAD 0.01/share (2026-09-14)	Equities $0; equity options US$0; futures US$1; Invest Core 0.50% / Premium 0.40% (2026-09-11)	Equities $0; options $1 open ($10 max/leg); futures $1; subscription none (2026-09-12)	Platform no charge for Schwab clients; equities $0; options $0.65/contract examples (2026-09-12)
Canada	Yes — Interactive Brokers Canada (TFSA/RRSP/FHSA listed; CIRO/CIPF footer); Lite US stocks US Residents Only	Yes — residents only (Help eligibility); TFSA/RRSP/FHSA listed	NOT SUPPORTED (official Help); TFSA N/A	Canadian resident account / listings unverified

Interactive Brokers is global multi-asset brokerage + published Pro/Lite commissions first. Wealthsimple is Canada brokerage + registered accounts first. tastytrade is U.S. commissions first (Canada not supported). Thinkorswim is Schwab’s platform suite first. For a dedicated two-way Keep / Gain / Lose split with tastytrade (not a ranking), see tastytrade vs Interactive Brokers. For a Keep / Gain / Lose job-fit map of neighboring broker / charting listings (not a ranking), see Interactive Brokers alternatives. None of those rows is a recommendation to switch, and none is a cheapest-broker shootout. For official AI connectors (MCP): option chains, draft trade instructions, and how TradingView / tastytrade differ: see TradingView vs tastytrade vs IBKR AI connectors (MCP) (not a ranking).

Neighbor broker stubs also on this directory: Thinkorswim (Schwab’s platform), Fidelity, E*TRADE, TradeStation. Those rows are listings, not a commission shootout.

For other US brokers, see the US options brokers collection on this directory.

Verified features

Sourced from US stocks commissions, US options commissions, Canada stocks commissions, other fees, why IBKR Lite, trading platforms, TWS, Client Portal, IBKR Mobile, and Canada RRSP/TFSA/FHSA. Captured 2026-09-14. We do not list features we could not attribute to an official page.

Standing commissions (authoritative for offers[])

• IBKR Lite US stocks & ETFs USD 0.00/share (US Residents Only on table).
• IBKR Pro Fixed US stocks USD 0.005/share (USD 1.00 min/order).
• IBKR Pro Tiered US stocks ≤300k USD 0.0035/share (USD 0.35 min/order); lower tiers by volume on the official table.
• IBKR Pro US options ≤10k example USD 0.65/contract (USD 1.00 min/order); high-volume tiers down to USD 0.15.
• Canada CAD Fixed stocks CAD 0.01/share; Tiered ≤300k CAD 0.008/share; CAD 1.00 min/order.
• Offers URLs: US stocks / US options / CA stocks pages above.

Platforms / accounts

• TWS, Client Portal, IBKR Mobile, IBKR Desktop described on official trading pages.
• Canada: Individual / Joint / RRSP / RRIF / TFSA / FHSA on official CA account pages.
• Canada footer: CIRO member; CIPF Member.

Non-commission fees (body — not all typed into offers[])

• Two free withdrawals per calendar month; thereafter per-currency fees on other-fees (USD wire 10.00, CAD wire 12.00, CAD EFT 2.00 on 2026-09-14 capture).

Still UNVERIFIED (kept visible)

1. Exact margin-rate schedule and portfolio-margin eligibility matrix beyond marketing labels on the pages reviewed — confirm in-account / margin-rates page for your entity.
2. Full futures / forex / bonds / crypto commission grids beyond the stock/options pages cited here — confirm on the matching commissions pages.
3. Whether every marketing platform module ships identically for every account type / entity — confirm in-account.
4. Any third-party “cheapest broker” ranking that replaces the official commission tables — rejected.
5. IBKR Lite availability for Canada residents on US exchange-listed stocks — not claimed; table says US Residents Only.

Canada note

This directory is written with readers in Canada as well as the United States.

Interactive Brokers Canada exists. Official interactivebrokers.ca pages describe Individual / Joint / RRSP / RRIF / TFSA / FHSA accounts for Canadian residents and publish CAD (and USD-denominated) stock commissions. Footer language states Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member — Canadian Investor Protection Fund (CIPF).

TFSA / RRSP / FHSA. Documented on rsp_tfsa_information (Canadian residents). Contribution-room math and tax treatment are outside this review — confirm with CRA / a tax professional.

IBKR Lite vs Canada. The US stocks commission table marks IBKR Lite eligibility as US Residents Only. Do not infer Lite USD 0.00 US stock commissions for Canada residents from the US table alone.

CAD funding / TSX access. CAD-denominated commission rows and Canadian-market fee lines appear on the official Canada commissions-stocks page (including TSX/Venture clearing examples in footnotes). Exact funding rails and product permissions remain confirm-in-account where not spelled out on the pages cited.

Confirm account eligibility on official CA pages before you apply. Official homepages: interactivebrokers.ca / interactivebrokers.com. There is no affiliate link on this page.

Price cues from the alternatives page

These notes moved off the alternatives page. Prices are the figures already published there, not new quotes.

• Basic $0; Essential / Plus / Premium / Ultimate annual specials $12.95 / $29.95 / $59.95 / $199.95 per month billed annually as captured.
• 14-day paid trial into Standard / Premium / Enhanced / Advanced (trial fees $19 / $29 / $39 / $49 as on the charting compare), confirm standing dollars on TrendSpider.
• Digital Free $0; Digital Plus $19 a month; Global $49 a month; Global Plus $99 a month.

Sources

Prefer these official URLs (capture 2026-09-14):

• interactivebrokers.com/en/pricing/commissions-stocks.php — US IBKR Pro Tiered / Fixed / Lite stock commissions
• interactivebrokers.com/en/pricing/commissions-options.php — US options Pro / Lite schedules
• interactivebrokers.ca/en/pricing/commissions-stocks.php — Canada CAD / USD stock commissions
• interactivebrokers.com/en/pricing/other-fees.php — withdrawals and other non-commission fees
• interactivebrokers.com/en/trading/why-ibkr-lite.php — IBKR Lite product framing
• interactivebrokers.com/en/trading/trading-platforms.php — platforms overview
• interactivebrokers.com/en/trading/tws.php — Trader Workstation
• interactivebrokers.com/en/trading/client-portal.php — Client Portal
• interactivebrokers.com/en/trading/ibkr-mobile.php — IBKR Mobile
• interactivebrokers.ca/en/accounts/rsp_tfsa_information.php — RRSP / TFSA / FHSA
• interactivebrokers.com / interactivebrokers.ca — product / account surfaces

Confirm commissions on the official site. There is no affiliate link on this page yet. This button goes to the official homepage: interactivebrokers.com.

Disclosure

This page is a directory review of a publicly priced brokerage, not financial advice, not a recommendation to open an account, and not a claim that any commission schedule will be profitable. Interactive Brokers is a broker, not SaaS. We have no affiliate URL on this listing; outbound CTAs use the official site. Commissions change — confirm on interactivebrokers.com / interactivebrokers.ca pricing pages before you trade.