In brief, ibkr lite is an IBKR pricing plan that provides unlimited, commission-free trading in US listed stock and ETFs, low cost access to global markets, a simplified trading experience via Client Portal and IBKR Mobile, no account minimums and no inactivity fees.
In brief, ibkr pro is the legacy IBKR pricing plan designed for the active trader and sophisticated investor.
The ibkr pro plan provides lowest cost access to global markets, access to IB SmartRoutingSM and a full suite of premier trading technology.1
Individual, Joint, Trust and Retirement accounts are eligible for ibkr lite. Accounts can choose cash or margin trading.
ibkr lite will be offered to Individual, Joint, Trust or Retirement account holders:
The ibkr lite pricing plan does not charge inactivity fees.
There is no account minimum for either ibkr lite or ibkr pro accounts.
Any Individual, Joint, Trust or Retirement account holder classified as ibkr lite can request reclassification to ibkr pro (or back to ibkr lite) through Client Portal. Your first three requests for reclassification will be processed on the Friday following your request. After three reclassifications, subsequent reclassifications will be processed on a quarterly basis.
A limited number of order types and trading algorithms will be offered to clients on the ibkr lite pricing plan. For more information please see: ibkr.com/liteinfo
ibkr pro clients will have access to our full complement of order types and trading algorithms.
All sell orders are subject to small fees to offset the transactions fees imposed on the firm by regulators. For more information visit ibkr.com/commissions
Yes. The designation as a Professional or Non-Professional for market data purposes is based upon exchange definitions and has no bearing on the ibkr lite pricing plan. An individual classified as a Professional for market data purposes is not precluded from maintaining an ibkr lite account. Similarly, an individual classified as a Non-Professional for market data purposes is not precluded from maintaining an ibkr pro account.