Generic Trade vs. Interactive Brokers

Interactive Brokers Generic Trade
Minimum balance $10,000* $0
Minimum activity fee Yes No
Market data fees Yes No
Specializes exclusively in Futures and Options No Yes
Commission rates for 1st 1000 trades/mo.** $0.85 $0.59
Commission rates for trades 1001-10000 trades/mo.** $.65/$.75 (day/overnight) $0.59
24 hr US based tech support No Yes
Multiple data centers Yes Yes
Direct connections to exchanges Yes Yes
Phone orders $30 $10
Financial security regulated by NFA and CFTC Yes Yes

Prices for competitors were obtained on April 19, 2017 and are believed to be accurate, but not guaranteed. Some of the firms listed above may reduce or waive commissions or fees, depending on account activity or total account value. *The minimum initial deposit may change based on the account type; this example is an ‘over 21’, individual US based account. **All commission or ‘IB execution and IB clearing rates (as termed by IB) are quoted in a per contract, per side basis and do not include exchange and regulatory fees. Also for this example, the rates for US exchanges were used and IB may charge different rates for markets outside the US. Interactive BrokersĀ® and IB SM are service marks and/or trademarks of Interactive Brokers LLC.