Interactive Brokers (IBKR Lite)

Discount / pro. Source: nerdwallet.com/investing/best-brokers. Third-party rating: 5.0 / 5. Notes: Extra cost for advanced data; high minimum to earn interest on cash

Best for: Discount / pro

At a glance

Min. deposit
0
Regulators
SEC / FINRA / SIPC
Fees
Equity: $0 per trade (Lite); Other trades: Options commission-free (amount not stated); Account: $0 minimum; ACATS out $0; FX: Not stated
Investments
Stocks, ETFs, mutual funds, bonds, options, futures, forex, crypto, metals; fractional on ~15,000 stocks
Availability
United States

Strengths

    Limitations

      Risks to understand

      • The value of investments can go down as well as up, and you may get back less than you invested.
      • Past performance is not a reliable guide to future results.
      • Check the costs of trading, currency conversion and holding investments before you choose.