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ONLINE BROKERAGE REVIEW

Interactive Brokers Review 2021

Updated July 13, 2021

Quick Info

  • Standard Equity Commission
    0.5% of trade value
  • Best Commission Price
    $1
  • Minimum to Open Account
    $10,000
  • Maintenance/Inactivity Fees
    $10/Month - $20/Month
  • Commission-free ETF Trading
    Yes (About 90 U.S-traded ETFs; mainly in the Global X, Cambria, Legg Mason, Reality Shares families)
  • Young Investor Offer
    No

HIGHLIGHTS

Interactive Brokers Canada is the Canadian arm of Interactive Brokers, an American discount brokerage firm. While several of the other Canadian online brokerage firms are affiliated with or are a part of a major bank, Interactive Brokers is not bank-owned and is more geared toward active traders than “investors” per se.

If you are an active trader, then Interactive Brokers’ pricing structure can certainly keep your trading costs in check. Important things to consider are your typical order sizes and your typical trading volumes on a monthly basis, as there are slightly different pricing plans suited to each category. The required account minimums are also important to note. Since adding registered accounts, Interactive Brokers has become much more competitive with many of the other Canadian online brokerages in regards to price and functionality.

Brokerage Breakdown

ACCOUNT TYPES OFFERED

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    Registered Accounts

    Non-Registered Accounts

ACCOUNT FEES & REQUIREMENTS

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    Registered Accounts

    Non-Registered Accounts

TRADING COMMISSIONS & FEES

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ONLINE BROKERAGE RANKINGS

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  • Sorry, no data is available.

CONTACT

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