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Margin Rates and Financing

Margin Rates & Financing

Margin Rates Reference
Benchmark Rates Calculations

Calculate Blended Rate Charged on Margin Loan

Interest Charged on Margin Loans
View Examples

When calculating rates, keep in mind that IBKR uses a blended rate based on the tiers below. For example, for a balance over USD 1,000,000, the first 100,000 is charged at the Tier I rate, the next 900,000 at the Tier II rate, etc. When determining the quoted spread, IBKR will use the set benchmark rate or a benchmark rate of 0 for all benchmark rates less than 0.

IBKR accrues interest on a daily basis and posts actual interest monthly on the third business day of the following month.

The tiers on which interest is based may change from time to time without prior notification to clients. Such adjustments are done periodically to adjust for changes in currency rates.

Estimate Interest Charged on Margin Loans

Enter Balance

Pricing Plan:

IBKR Pro IBKR Lite

Calculate Blended Rate

Compare - IBKR Lite vs IBKR Pro

BM = Benchmark Rate

Currency	Tier	Rate Charged: IBKR Pro	Rate Charged: IBKR Lite
USD	0 ≤ 100,000	1.58% (BM + 1.5%)	2.58% (BM + 2.5%)
	100,000 ≤ 1,000,000	1.08% (BM + 1%)	2.58% (BM + 2.5%)
	1,000,000 ≤ 3,000,000	0.75% (BM + 0.5%)¹	2.58% (BM + 2.5%)
	3,000,000 ≤ 200,000,000	0.75% (BM + 0.3%)¹	2.58% (BM + 2.5%)
	> 200,000,000	0.75% (BM + 0.3%) ^1,2	2.58% (BM + 2.5%)
AUD	0 ≤ 140,000	1.5% (BM + 1.5%)	2.5% (BM + 2.5%)
	140,000 ≤ 1,400,000	1% (BM + 1%)	2.5% (BM + 2.5%)
	1,400,000 ≤ 140,000,000	0.5% (BM + 0.5%)	2.5% (BM + 2.5%)
	> 140,000,000	0.5% (BM + 0.5%) ²	2.5% (BM + 2.5%)
CAD	0 ≤ 130,000	1.663% (BM + 1.5%)	2.663% (BM + 2.5%)
	130,000 ≤ 1,300,000	1.163% (BM + 1%)	2.663% (BM + 2.5%)
	1,300,000 ≤ 130,000,000	0.663% (BM + 0.5%)	2.663% (BM + 2.5%)
	> 130,000,000	0.663% (BM + 0.5%) ²	2.663% (BM + 2.5%)
CHF	0 ≤ 90,000	1.5% (BM + 1.5%)	2.5% (BM + 2.5%)
	90,000 ≤ 900,000	1% (BM + 1%)	2.5% (BM + 2.5%)
	900,000 ≤ 200,000,000	0.5% (BM + 0.5%)	2.5% (BM + 2.5%)
	> 200,000,000	0.5% (BM + 0.5%) ²	2.5% (BM + 2.5%)
CNH	0 ≤ 650,000	6.323% (BM + 4%)	7.323% (BM + 5%)
	650,000 ≤ 6,500,000	5.323% (BM + 3%)	6.323% (BM + 4%)
	6,500,000 ≤ 300,000,000	4.823% (BM + 2.5%)	5.823% (BM + 3.5%)
	> 300,000,000	4.323% (BM + 2%) ²	5.323% (BM + 3%)
CZK	0 ≤ 400,000,000	5.526% (BM + 3%)	6.526% (BM + 4%)
	> 400,000,000	5.526% (BM + 3%) ²	6.526% (BM + 4%)
DKK	0 ≤ 120,000,000	3% (BM + 3%)	4% (BM + 4%)
	> 120,000,000	3% (BM + 3%) ²	4% (BM + 4%)
EUR	0 ≤ 90,000	1.5% (BM + 1.5%)	2.5% (BM + 2.5%)
	90,000 ≤ 900,000	1% (BM + 1%)	2.5% (BM + 2.5%)
	900,000 ≤ 150,000,000	0.5% (BM + 0.5%)	2.5% (BM + 2.5%)
	> 150,000,000	0.5% (BM + 0.5%) ²	2.5% (BM + 2.5%)
GBP	0 ≤ 80,000	1.517% (BM + 1.5%)	2.517% (BM + 2.5%)
	80,000 ≤ 800,000	1.017% (BM + 1%)	2.517% (BM + 2.5%)
	800,000 ≤ 160,000,000	0.517% (BM + 0.5%)	2.517% (BM + 2.5%)
	> 160,000,000	0.517% (BM + 0.5%) ²	2.517% (BM + 2.5%)
HKD	0 ≤ 780,000	2.536% (BM + 2.5%)	3.536% (BM + 3.5%)
	780,000 ≤ 7,800,000	2.036% (BM + 2%)	3.536% (BM + 3.5%)
	7,800,000 ≤ 780,000,000	1.536% (BM + 1.5%)	3.536% (BM + 3.5%)
	> 780,000,000	1.536% (BM + 1.5%) ²	3.536% (BM + 3.5%)
HUF	0 ≤ 4,500,000,000	7.327% (BM + 5%)	8.327% (BM + 6%)
	> 4,500,000,000	7.327% (BM + 5%) ²	8.327% (BM + 6%)
ILS	0 ≤ 80,000,000	5% (BM + 5%)	6% (BM + 6%)
	> 80,000,000	5% (BM + 5%) ²	6% (BM + 6%)
INR	All	11.7% (BM + 3%)	12.7% (BM + 4%)
JPY	0 ≤ 10,000,000	1.5% (BM + 1.5%)	2.5% (BM + 2.5%)
	10,000,000 ≤ 100,000,000	1% (BM + 1%)	2.5% (BM + 2.5%)
	100,000,000 ≤ 20,000,000,000	0.5% (BM + 0.5%)	2.5% (BM + 2.5%)
	> 20,000,000,000	0.5% (BM + 0.5%) ²	2.5% (BM + 2.5%)
KRW	0 ≤ 120,000,000	3% (BM + 2%)	4% (BM + 3%)
	120,000,000 ≤ 1,200,000,000	2.5% (BM + 1.5%)	4% (BM + 3%)
	1,200,000,000 ≤ 24,000,000,000	2% (BM + 1%)	4% (BM + 3%)
	> 24,000,000,000	2% (BM + 1%) ²	4% (BM + 3%)
MXN	0 ≤ 2,000,000	10.02% (BM + 3%)	11.02% (BM + 4%)
	2,000,000 ≤ 20,000,000	9.02% (BM + 2%)	11.02% (BM + 4%)
	20,000,000 ≤ 2,000,000,000	8.52% (BM + 1.5%)	11.02% (BM + 4%)
	> 2,000,000,000	8.52% (BM + 1.5%) ²	11.02% (BM + 4%)
NOK	0 ≤ 900,000	1.735% (BM + 1.5%)	2.735% (BM + 2.5%)
	900,000 ≤ 9,000,000	1.235% (BM + 1%)	2.735% (BM + 2.5%)
	9,000,000 ≤ 900,000,000	0.735% (BM + 0.5%)	2.735% (BM + 2.5%)
	> 900,000,000	0.735% (BM + 0.5%) ²	2.735% (BM + 2.5%)
NZD	0 ≤ 150,000	1.948% (BM + 1.5%)	2.948% (BM + 2.5%)
	150,000 ≤ 1,500,000	1.448% (BM + 1%)	2.948% (BM + 2.5%)
	1,500,000 ≤ 150,000,000	1.198% (BM + 0.75%)	2.948% (BM + 2.5%)
	> 150,000,000	1.198% (BM + 0.75%) ²	2.948% (BM + 2.5%)
PLN	0 ≤ 70,000,000	4.174% (BM + 3%)	5.174% (BM + 4%)
	> 70,000,000	5.174% (BM + 4%) ²	5.174% (BM + 4%)
RUB	0 ≤ 660,000,000	12.496% (BM + 5%)	13.496% (BM + 6%)
	> 660,000,000	12.496% (BM + 5%) ²	13.496% (BM + 6%)
SEK	0 ≤ 900,000	1.5% (BM + 1.5%)	2.5% (BM + 2.5%)
	900,000 ≤ 9,000,000	1% (BM + 1%)	2.5% (BM + 2.5%)
	9,000,000 ≤ 900,000,000	0.5% (BM + 0.5%)	2.5% (BM + 2.5%)
	> 900,000,000	0.5% (BM + 0.5%) ²	2.5% (BM + 2.5%)
SGD	0 ≤ 140,000	1.81% (BM + 1.5%)	2.81% (BM + 2.5%)
	140,000 ≤ 1,400,000	1.31% (BM + 1%)	2.81% (BM + 2.5%)
	1,400,000 ≤ 140,000,000	0.81% (BM + 0.5%)	2.81% (BM + 2.5%)
	> 140,000,000	0.81% (BM + 0.5%) ²	2.81% (BM + 2.5%)
TRY	0 ≤ 90,000,000	19.228% (BM + 5%)	21.228% (BM + 7%)
	> 90,000,000	20.228% (BM + 6%) ²	21.228% (BM + 7%)
ZAR	0 ≤ 1,500,000	7.244% (BM + 1.5%)	8.244% (BM + 2.5%)
	1,500,000 ≤ 15,000,000	6.744% (BM + 1%)	8.244% (BM + 2.5%)
	15,000,000 ≤ 1,500,000,000	6.494% (BM + 0.75%)	8.244% (BM + 2.5%)
	> 1,500,000,000	6.494% (BM + 0.75%) ²	8.244% (BM + 2.5%)

A minimum floor of 0.75% will be charged on all USD margin loans. Rates subject to change.
May be subject to a 1% surcharge applied to the spread if financing is not pre-arranged.

Disclosures

Credit balances greater than USD 10,000 (or equivalent) in accounts with a NAV of less than USD 100,000 (or equivalent) will be paid interest at a proportional rate. For accounts holding credit balances in currencies carrying a negative interest rate, the negative rate will be applied to accounts with balances of at least USD 100,000 (or equivalent), but smaller credit balances will not be charged the negative rate.

Which Plan is Best for You?

Features	IBKR Lite	IBKR Pro
Commissions:
US Exchange-Listed Stocks / ETFs	Commission-free^{1, 12}	Fixed or Tiered Pricing
Other Stocks / ETFs	Fixed Pricing	Fixed or Tiered Pricing
Options	Fixed Pricing²	Fixed or Tiered Pricing
Futures	Fixed Pricing	Fixed or Tiered Pricing
Currencies	Tiered Pricing	Tiered Pricing
Bonds	Tiered Pricing	Tiered Pricing
Mutual Funds	Fixed Pricing	Fixed or Tiered Pricing
Account Fees:
Minimum Balance	USD 0	USD 0
Maintenance Fee	USD 0	USD 0
Interest Paid on Idle Cash Balances³	Benchmark minus 1.5%	Benchmark minus 0.5%
Interest Charged for Margin Loan	Benchmark plus 2.5%	Begins at Benchmark plus 1.5%, with lower rates for higher loan values.⁴
Eligible Accounts:
US Retail Investors⁵
Institutional Accounts⁶
Advisors^7,8
Brokers^9,10
Account Features:
Stock Yield Enhancement Program
FDIC Promontory Program
Market Data - US Listed Stock/ETFs	Free non-consolidated, real-time streaming data^* for primary exchanges.	Low-cost data bundles and a la carte subscriptions available.
Market Data - Other Products	Low-cost data bundles and a la carte subscriptions available.	Low-cost data bundles and a la carte subscriptions available.
Outside Regular Trading Hours¹¹	07:00 - 20:00	04:00 - 20:00
Trading Technology:
Client Portal
IBKR Mobile
IBot
Trader Workstation (TWS)	**
IBKR Web Trader
IBKR APIs
Algos	^†
Condition Orders & Advanced Order Types
Paper Trading
Mutual Fund / ETF Replicator
Risk Navigator^SM
Back Testing

= Included

IBKR Lite is meant for retail investors, including financial advisors trading on behalf of their retail clients. IBKR reserves the right to reject any IBKR Lite order or series of orders if IBKR determines the order(s) appear to show non-retail trading behavior. At the time an order is rejected, the client will be automatically presented the option to resubmit the rejected order on a Fixed commission basis.
Where available in North America.
Accounts with a NAV of less than USD 100,000 (or equivalent) will be paid at a rate proportional to accounts with a NAV of USD 100,000 (or equivalent) or more. The proportion is determined by the ratio of the account's NAV to USD 100,000 (or equivalent). This does not apply to currencies with negative interest rates, where the negative rate applied will be the same regardless of account size. See ibkr.com/interest for details.
For more information, see ibkr.com/interest
US Retail Investors includes individuals, joint, UGMA/UTMA, retirement and trust accounts.
1. Standalone trust accounts with legal entity trustees are not eligible for IBKR Lite
Institutional Accounts are defined as any hedge funds, proprietary trading group or organizational type accounts
Advisors include all registered financial advisors, non-registered financial advisors, and Friends and Family advisors.
To be eligible for IBKR Lite, advisors must be US domiciled and must have:
1. Less than 15% of client accounts outside the US
2. Less than 15% of client equity outside the US
3. Less than 15% of client accounts as organization accounts
4. No client accounts from Israel
5. No partitioned client accounts
6. No Separate Trading Limits (Proprietary Trading) accounts
Brokers require special approval from IBKR before opening an IBKR Lite account. Brokers cannot have both IBKR Lite and IBKR Pro clients under the same account structure. Separate accounts structures are required to facilitate.
Brokers on the IBKR Lite plan cannot support the follow ing type of client sub accounts:
1. Israel is the country of legal residence of the account holder
2. Partitioned client accounts
3. Three-tier hierarchies (no advisor or STL proprietary trading accounts)
4. OMS clients
Regular trading hours for IBKR Lite and IBKR Pro are 09:30 – 16:00. Market orders placed prior to regular trading hours will be treated as MarketOnOpen orders and count towards client threshold.
OnClose or OnOpen US listed stock orders are free for IBKR Lite clients so long as the order does not exceed 10% of an account's monthly US stock trading volume, otherwise your account will be charged USD 0.005 per share.

* Excludes pink sheet data.
**Trader Workstation (TWS) is not available to Brokers' clients enrolled in IBKR Lite.
† Fees may apply.

We understand your investment needs change over time. You can switch between the IBKR Lite and IBKR Pro plan at any time. Your first three reclassifications are processed on a daily basis while subsequent reclassifications happen on a quarterly basis.

Margin Rates and Financing

Margin Rates & Financing

Interest Charged on Margin Loans
View Examples

Estimate Interest Charged on Margin Loans

Enter Balance

Pricing Plan:

Your blended rate for

=

BM = Benchmark Rate

Start trading like a professional today!

Disclosures

Margin Rates and Financing

Margin Rates & Financing

Interest Charged on Margin Loans View Examples

Estimate Interest Charged on Margin LoansEnter Balance

Pricing Plan:

Your blended rate for

=

BM = Benchmark Rate

Start trading like a professional today!

Disclosures

Interest Charged on Margin Loans
View Examples

Estimate Interest Charged on Margin Loans

Enter Balance