US Margin Loan Rates Comparison 3 | Commission Rates Comparison 3 | |||||||
---|---|---|---|---|---|---|---|---|
$25K | $300K | $1.5M | $3.5M | Equity Trades | Option Trades | Futures Trades | ||
Interactive Brokers4 | 3.90% | 3.56% | 3.26% | 3.02% | $2.17 | no base cost $0.68 per contract |
$1.81 | |
E-Trade | 10.50% | 9.00% | 7.50% | 7.50% | $6.95 | $6.95 base + $0.75 per contract |
exchange & regulatory fees plus $1.50 |
|
Fidelity | 9.32% | 8.07% | 5.50% | 5.50% | $4.95 | $4.95 base + $0.65 per contract |
N/A | |
Schwab | 9.32% | 8.07% | N/A | N/A | $4.95 | $4.95 base + $0.65 per contract |
exchange & regulatory fees plus $1.50 |
|
TD Ameritrade | 10.25% | 8.75% | 8.00% | 8.00% | $6.95 | $6.95 base + $0.75 per contract |
exchange & regulatory fees plus $2.25 |
|
Calculate Your Rate | View IB's Commission Rates |
Interactive Brokers has lower commission rates for larger volumes and comparable rates worldwide.
Each firm's information reflects the standard online trades pricing obtained from their respective websites. Competitor pricing and offers subject to change without notice.
Margin borrowing is only for sophisticated investors with high risk tolerance.
You may lose more than your initial investment.
US Equities Execution Price Improvement Comparison* | |||
---|---|---|---|
Net US Dollars (per 100 shares) |
|||
Interactive Brokers | $0.58 | ||
Industry | $0.06 | ||
IB Advantage | $0.52 |
Net US Dollar Price Improvement vs. Industry Bid / Offer 1
*Based on independent measurements, the IHS Markit, a third-party provider of transaction analysis, has determined that Interactive Brokers' US stock price executions were significantly better than the industry's during the second half of 2018. 2
Our results are even more impressive when you consider that other industry-touted statistics don't give you the whole picture. They only discuss the percentage of orders that saw price improvement, and conveniently ignore the percentage of their orders that were dis-improved or had no improvement. In contrast, our statistics are netted, showing the true bottom-line price improvement including, all improved, dis-improved and unimproved amounts.
Our smart router takes into account transaction costs along with the fee or rebate for taking/adding liquidity when determining where to route your marketable order when the inside market is shared by multiple exchanges. For clients who want even more control of their orders, TWS clients can specify stock and options smart routing strategies for non-marketable orders. For stocks, clients with the Cost Plus pricing structure can elect to have their non-marketable orders routed to:
For options, clients can choose to send their non-marketable Smart routed orders to the exchange offering the highest rebate. These routing directives can be set on a per-order basis from the "Misc" tab of the Order Ticket, or as a global default setting from the Smart Routing configuration page.