Trading platform: The casual traders who find IBKR Lite appealing will find the Client Portal platform adequate for their trading needs. Read the full review . Interactive Brokers Review 2021. 35. There’s a $1 minimum trade commission and a maximum of 1% of the total trade value, and exchange and regulatory fees are included. IBKR Pro customers get lower margin rates than Lite customers. For IBKR Pro customers, the maximum margin rate is the benchmark rate plus 1.5% — and NerdWallet users get an extra 0.25 percentage point discount. Many or all of the products featured here are from our partners who compensate us. The service offers about 80 portfolio options, and 36 of those portfolios require just $100 to get started. The review also praises the company's low margin rates, broad product selection and IBKR Lite service, which provides commission-free trades on stocks and ETFs. 2,334 Posts; 894 Likes; Now that you do have a PRO account you can contact their … On IBKR Lite, all these costs are completely taken off the table so that trading is free. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. The retirement-investor set will be happy with the broker's impressive list of no-transaction-fee mutual funds — over 8,300 in all — and respectable selection of 96 commission-free ETFs (and Lite customers get to trade all U.S.-listed ETFs commission-free). Arielle O'Shea contributed to this review. The dashboard allows investors to select their personal investment criteria from 13 principles (including clean air and water, LGBTQ inclusion and gender equality). Account minimum amount: None on both IBKR Pro and Lite Commission fee: Dependent on account and location Account fees: Monthly fee if you drop below a certain activity threshold on Pro Investment products: Stocks, Options, Futures, Forex, Metals, Bonds, ETFs, Mutual Funds, EFPs, Hedge Funds, Robo Portfolios. Those rates apply on balances up to $100,000; the rates drop at higher balances. Margin traders will also benefit from the low rates at Interactive Brokers. Once again, in 2021, Interactive Brokers is our top pick for professionals because of its institutional-grade desktop trading platform and rock bottom margin rates. Let’s take a look. • IBKR Pro: Accounts with less than $100,000 pay $10/month minus any trade commissions; accounts with less than $2,000 pay $20/month minus commissions. The main caveat to IBKR Lite is the lower quality order executions. Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love. There’s a $1 minimum trade commission and a maximum of 1% of the total trade value, and exchange and regulatory fees are included. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Bulls Spotlight... IBKR Lite customers now have access to Trader Workstation. An options strategy lab lets you create and submit both simple and complex multileg options orders and compare up to five options strategies at one time. IBKR Lite: This account is designed for individuals, joint or IRA clients. On IBKR Lite, all these costs are completely taken off the table so that trading is free. Read more, Kevin Voigt is a personal finance writer at NerdWallet. This account is ineligible to enroll in IBKR Lite because it does not meet the enrollment guidelines. 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