Products ETF Trading

Products

Trade ETFs Globally from a
Single Screen

The IBKR Advantage

$0 commissions with no added spreads, ticket charges, platform fees, or account minimums
Trade ETFs globally on 90+ market centers
Lowest financing rates in the industry
Professional trading platforms, order types, and tools

Transparent shortable inventory and pricing
Fractional Shares let you invest regardless of share price
"Fee waived" no transaction fee (NTF) program for ETFs
Earn extra income on your fully paid shares

Exchange-Traded Funds (ETFs) and Exchange-Traded Products (ETPs)

Interactive Brokers' "fee waived" no transaction fee (NTF) program offers over 150 exchange-traded funds (ETFs) that reimburse IBKR clients for commissions paid on ETF shares held for at least 30 days. IBKR Lite clients always pay $0 commissions on ETFs.

See Our No Transaction Fee ETFs

Spot Bitcoin ETPs offer investors improved accessibility to bitcoin and allows exposure to the cryptocurrency without having to purchase the asset. Spot Bitcoin ETPs hold actual bitcoin rather than derivatives tied to the price of bitcoin, meaning the price of the Spot Bitcoin ETPs fluctuates with the price of bitcoin in cryptocurrency markets.¹

See Our Spot Bitcoin ETPs

Choose Your Service Plan

Compare plans and choose the best plan for your trading needs. If your trading style changes, switch plans at any time.

IBKR Pro

Available Globally

Best for sophisticated traders and investors

IBKR Lite

Available to US Residents only

Best for retail investors

US Exchange-Listed ETFs Commissions

View Commissions

Low Commissions

USD 0.0005 to USD 0.0035 per share

Tiered or Fixed • No PFOF

Commissions-Free

USD 0.00 per share

Includes PFOF

View Commissions

Lowest Financing Rates in the Industry²

View Margin Rates

4.83% - 5.83%

Interest Charged for Margin Loans

6.83%

Interest Charged for Margin Loans

View Margin Rates

Earn interest at competitive rates on instantly available cash³

Compare Interest Rates

Up to 3.83%

Now insured up to $10M at our program banks⁴

Up to 2.83%

Now insured up to $10M at our program banks⁴

Compare Interest Rates

Trading Technology

Free Access to all IBKR's trading platforms
Free real-time streaming data on all US-listed stocks
IB SmartRouting^SM
IBKR APIs

Free Access to all IBKR's trading platforms
Free real-time streaming data on all US-listed stocks

Additional Plan Benefits

No minimums for general investment accounts
No inactivity fees
No added spreads, ticket charges or platform fees
No recurring fees

No minimums for general investment accounts
No inactivity fees
No added spreads, ticket charges or platform fees
No recurring fees

IB SmartRouting^SM helps support best execution by searching for the best available prices for stocks, options and combinations across exchanges and dark pools.

Learn about SmartRouting^SM

US clients can switch between the IBKR Pro and IBKR Lite plan at any time.

Compare Plans

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
Insured Bank Deposit Sweep 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
IBKR Desktop
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.

Professional Trading Platforms, Order Types, and Tools

Powerful, award-winning trading platforms and tools for managing your portfolio. Available on desktop, mobile apps, and web.

See Our Trading Platforms

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

See Our Order Types, Algos and Tools

Use a full suite of professional trading tools to help make better decisions and manage your portfolio. Spot market opportunities with Advanced Market Scanners and analyze your portfolio with Risk Navigator.

See Our Trading Tools

Fundamentals Explorer provides comprehensive, worldwide fundamentals data on over 30k companies, shows more than 300 data points per company, has more than 80 sources for newswires and reports and features 5.5k+ analyst ratings from TipRanks.

See Our Fundamentals Explorer

Align your investments with what you care about most. Use the Impact Dashboard to identify and invest in companies that share your values, and use ESG scores from Refinitiv to make investment decisions based on more than just financial factors.

Learn About Sustainable Investing

Transparent Shortable Inventory and Pricing

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

Learn About Short Securities Availability

Pick Your ETF	Pick Your $ Amount	Share Price¹	Number of Shares
SPGP	$25	$106.87	0.2339
VOT	$25	$282.34	0.0885
MUB	$25	$42.80	0.5841
AVUV	$25	$91.21	0.2741
	$100	ETF Portfolio

Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.
[1] Share prices as of June 27, 2025.

Fractional Shares Let You Invest Regardless of Share Price

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

Learn About Fractional Trading

Earn Extra Income on Your
Fully Paid Shares

Earn extra income on your fully paid shares. IBKR borrows your shares to lend to traders who want to short and are willing to pay interest to borrow the shares. You are paid interest each day shares are on loan and retain the ability to trade your loaned stock without restrictions.

Stock Yield Enhancement Program Overview

What Are ETFs?

Exchange-traded funds (ETFs) are investment funds that trade on stock exchanges like an individual stock. Each ETF typically holds a diversified portfolio of assets such as stocks, bonds, or commodities, and is designed to track the performance of a specific index, sector, or theme.

Why Invest in ETFs?

ETFs offer a cost-effective way to build a diversified portfolio.

Key benefits include:

Low Cost

ETFs will generally have lower fees than mutual funds.

Diversification

A single ETF can provide exposure to dozens or
hundreds of securities.

Liquidity

ETFs can be bought and sold throughout the trading
day at market prices.

Transparency

Most ETFs disclose holdings daily, so investors
know what they own.

However, ETFs (like all financial products) have risks such as:

Market Risk: Like stocks, ETFs can lose value due to changes in market conditions, interest rates, or economic factors.
Tracking Error: Some ETFs may not perfectly mirror the performance of their target index due to fees, trading costs, or replication methods.
Liquidity Risk: Not all ETFs are highly traded. Lower trading volume can lead to wider bid-ask spreads or price inefficiencies.
Product Complexity: Leveraged, inverse, or synthetic ETFs carry unique risks that may not suit all investors.
Currency & Regional Risks: International ETFs may be affected by currency fluctuations or geopolitical events.

How Do You Buy or Sell ETFs?

You can purchase and sell ETFs through an online brokerage account like those available at Interactive Brokers or through a financial advisor. If you use an online brokerage account, you can place buy or sell orders for ETFs through the broker’s platform after your account is approved and funded.

ETFs are bought and sold at a stock exchange, such as NYSE Arca, the NASDAQ, the London Stock Exchange (LSE), Euronext or the Hong Kong Stock Exchange (HKEX).

Interactive Brokers’ Education and Resources About ETFs

Traders’ Academy

Traders’ Academy by Interactive Brokers provides complimentary resources to educate you on ETFs, including the following courses

ETF Liquidity Considerations

ETF shares can trade in the secondary market at a premium or discount to their Net Asset Values, which can create a catalyst for creations or redemptions. However, the secondary market accounts for a limited portion of an ETF’s overall liquidity.

View Lesson

ETPs at a Glance

An exchange-traded product (ETP) is a financial instrument traded on a regulated stock exchange. It is designed to replicate the return of an underlying benchmark or asset before fees, with the easy access and tradability of a share. Exchange-traded products offer investors access to a whole universe of exposures, from traditional asset classes like equities and bonds to alternatives like commodities and currencies, once only accessible for institutional investors.