Non-Professional Advisors

Non-Professional Advisors¹

Manage, trade and report on multiple accounts from a single master account.

Lowest Costs

Global Markets

Innovative Technology

Financial & Strength

Account Structure

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The IBKR Advantage

IBKR BestX^TM is a powerful suite of advanced trading technologies designed to help clients achieve best execution and maximize price improvement while minimizing market impact.
Our Stock Yield Enhancement Program lets you earn extra income on the fully-paid shares of stock held in your account.
Invest in stocks, options, futures, currencies, bonds, funds and more across 150 markets in 33 countries from a single unified platform.
Powerful trading technology and advanced trading tools help you create and execute your trading strategies with ease from virtually any desktop or mobile device.
Fractional shares let you divide investments among more stocks to achieve a more diversified portfolio.
Earn interest of 4.83% on instantly available USD cash balances.*

*Restrictions apply. For additional information, see our interest rates. Credit interest rate as of November 6, 2023.

Professional Pricing

Commissions start at USD 0 on US listed stocks and ETFs with low commissions on other products, and there are no added spreads, ticket charges or account minimums.¹^,^*
Learn More About Commissions
Margin rates up to 49% lower than the industry.²
Learn More and Compare Margin Rates
Earn high interest rates of up to USD 4.83% on instantly available cash.³
Learn More and Compare Interest Rates

IBKR BestX^TM is a powerful suite of advanced trading technologies designed to help clients achieve best execution and maximize price improvement while minimizing market impact.
Learn More About Best Execution
Earn extra income on your lendable shares.
Learn More About Stock Yield Enhancement

Which Plan is Best for You?

Compare Plans

IBKR Lite

IBKR Lite provides retail clients with USD 0 commissions on US listed stock and ETF trades.

IBKR Pro

IBKR Pro is for sophisticated investors and active traders. It accesses IB SmartRouting^SM. IB SmartRouting^SM helps support best execution by searching for the best available prices for stocks, options and combinations across exchanges and dark pools.

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 Instantly Available 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	Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs.	Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs.
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 APIs
Algos	^†
Condition Orders & Advanced Order Types
Paper Trading
Mutual Fund / ETF Replicator
Risk Navigator^SM

= 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 our Interest Rates for details.
See our Margin Rates for details.
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 and non-registered financial 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.
At the end of each month, IBKR will review the total monthly trading volume of US listed stock orders. If the combined volume of OnClose, OnOpen, Outside Regular Trading Hours ("Outside RTH") or sub-USD 1.00 NMS exceeds 10% of an account's monthly US stock trading volume, a commission of the lesser of USD 0.005 per share or 1% of trade value will be charged.

* 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.

* For more information, see our disclaimers.

Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.

IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs. For complete information, see our commissions.
View our margin rates for more information.
Restrictions apply. For additional information, see our interest rates. Credit interest rate as of November 6, 2023 .

Discover a World of Opportunities

Invest globally in stocks, options, futures, currencies, bonds and funds from a single unified platform. Fund your account in multiple currencies and trade assets denominated in multiple currencies. Access market data 24 hours a day and six days a week.

150

Markets

Countries

Currencies*

Global Markets

*Available currencies vary by Interactive Brokers affiliate.

Graphic is for illustrative purposes only and should not be relied upon for investment decisions.

Local Time: Open Closed

mssage123

Explore Our Global Offering

Bond Marketplace

Interactive Brokers strives to provide the best deal on bonds by passing through to our clients the highest of all bids and lowest of all offers we receive from the electronic venues we access. We do not widen spreads, apply hidden fees or markup quotes.

Mutual Fund Marketplace

The Mutual Fund Marketplace offers an extensive availability of mutual funds from around the world. Use our Mutual Fund Search Tool to search funds from more than 550 fund families and filter funds by country, fund family, transaction fee or fund type.

Short Securities Availability

The Shortable Instruments (SLB) Search tool is a fully electronic, self-service utility that lets clients search for availability of shortable securities from within Client Portal.

IBKR GlobalAnalyst

IBKR GlobalAnalyst is designed for investors who are interested in international portfolio diversification. It helps you find new opportunities to diversify your portfolio and discover undervalued companies that may have greater growth potential.

Overnight Trading Hours

Trade select US stocks and ETFs around the clock, five days per week. Access US stocks and ETFs when market-moving news happens and trade during Asian market hours or whenever it is convenient for you.¹

Any discussion or mention of an ETF is not to be construed as recommendation, promotion or solicitation. All investors should review and consider associated investment risks, charges and expenses of the investment company or fund prior to investing. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Technology to Help Non-Professional Advisors Succeed

Trading Platforms

Powerful enough for the professional trader but designed for everyone. Available on desktop, mobile and web.

Comprehensive Reporting

Real-time trade confirmations, margin details, transaction cost analysis, sophisticated portfolio analysis and more.

Order Types and Algos

100+ order types – from limit orders to complex algorithmic trading – help you execute any trading strategy.

Fractional Trading

Buy or sell almost any US stock using fractional shares, which are stock units that amount to less than one full share, or by placing an order for a specific dollar amount rather than quantity of shares.

Free Trading Tools

Spot market opportunities, analyze results, manage your account and make better decisions with our free trading tools.

API Solutions

Our proprietary API and FIX CTCI solutions let clients create their own automated, rules-based trading system that takes advantage of our high-speed order routing and broad market depth.

Create and Manage Your Complete Portfolio

Interactive Advisors

An actively managed robo-advisor and pioneer in online investing that offers low-cost, diversified portfolios customized for your needs.

Mutual Fund/ETF Replicator

Identify and invest in lower cost ETFs with similar strategies to higher-fee mutual funds.

Environmental, Social and Governance (ESG)

ESG scores from Refinitiv give you a new set of tools for making investment decisions based on more than just financial factors.

PortfolioAnalyst

Link investment, banking, checking, incentive plan and credit card accounts into a complete portfolio view to calculate returns, understand risks and measure performance against benchmarks.

A Broker You Can Trust

When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times. Our strong capital position, conservative balance sheet and automated risk controls are designed to protect IBKR and our clients from large trading losses.

IBKR

Nasdaq Listed

$13.3B

Equity Capital*

74.6%

Privately Held*

$9.4B

Excess Regulatory Capital*

2.43M

Client Accounts*

1.91M

Daily Avg Revenue Trades*

IBKR Protection

*Interactive Brokers Group and its affiliates. For additional information view our Investors Relations - Earnings Release section.

Non-Professional Advisor Account Structure

A master account linked to individual client accounts.

The master account is used for fee collection and trade allocations (if permitted under relevant law and IBKR policy).
The advisor can open a single client account for his or her own trading.

Non-Profession Advisor account structure

Account Information

Investment advisers in the US must be registered either with the SEC or with the state(s) where they operate or qualify for an exemption from registration. Only Advisors who are exempt from registration and managing accounts on behalf of non-professional clients (such as family and/or friends) are eligible to open a Non-Professional Advisor account.

Advisors whose Registered Independent Advisor registrations are pending or who aspire to become RIAs can open a Non-Professional Advisor account and then, when their registration is complete, upgrade their account to a Registered Investment Advisor account by entering information about their securities and/or commodities registration on the Advisor Qualifications page in the Advisor Portal.

Must be 21 or older to open a margin account, 18 or older to open a cash account.

Accounts are accepted from citizens or residents of all countries except citizens or residents of those countries or regions that are on the sanction list of the US Office of Foreign Asset Controls or similar lists, or other countries determined to be higher risk. See all available countries.

A UGMA/UTMA account is intended for a custodian of a minor who is a US resident, and is available as a Cash account only. A UGMA/UTMA account is a single account with a default single user (the custodian), and up to five Power of Attorney users can be added. The minor for whom the account is opened must be a US legal resident and a US citizen.

Open a Non-Professional Advisor Account

For information regarding your account contact Interactive Brokers.

For information on SIPC coverage on your account, visit www.sipc.org or call SIPC at (202) 371-8300.

Looking for a different account type? Visit our website for information about the Individual Account.

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Choosing the Right Account

Disclosures

Many states have requirements that advisors register if they have paying clients. Some allow advisors to have a de minimis number of paying clients. The rules vary from state to state. For example, Nevada has informed us that it requires that Nevada-domiciled persons be licensed as Investment Advisors to engage in this program per NRS 90.330. You must review the rules of your state and those of your clients to determine if you need to register.

Non-Professional Advisors