Interactive Brokers Canada

A global multi-platform brokerage with no individual-account minimum or inactivity fee and fixed or volume-tiered stock and ETF commissions.

Cash admin fee$0

Canadian stocksTiered buy / Tiered sell

U.S. stocksTiered buy / Tiered sell

Standard tierDirect individual account pricing

Institution: Interactive Brokers
Official website: https://www.interactivebrokers.ca/en/home.php ↗

Brokerage context

Overview

Interactive Brokers Canada provides broad global market access through web, desktop, mobile and API platforms. Cash, TFSA, RRSP and FHSA accounts have no recurring maintenance or inactivity fee, but Canadian and U.S. stock and ETF trades are not free: direct clients choose fixed or volume-tiered per-share commissions, and market-specific third-party charges can apply. The individual-account page also states a prior or simulated trading-experience requirement.

Eligibility facts

Standard account and commission facts

These facts describe the standard tier without relying on temporary promotions. Pass-through, foreign-exchange, service, and paid-tier costs appear below.

Individual accounts

CASH: Available · $0 recurring feeIndividual cash accounts are available without an account minimum or inactivity fee. Individual accounts have a $0 account minimum and $0 inactivity fee, and IBKR states it charges no custody fee.
TFSA: Available · $0 recurring feeIndividual TFSAs are available with no maintenance fee. Interactive Brokers Canada states there is no TFSA maintenance fee.
RRSP: Available · $0 recurring feeIndividual RRSPs are available with no maintenance fee. Interactive Brokers Canada states there is no RRSP maintenance fee.
FHSA: Available · $0 recurring feeIndividual FHSAs are available with no maintenance fee. Interactive Brokers Canada states there is no FHSA maintenance fee.

Standard online commissions

Canadian Stock: Buy Tiered · sell TieredDirect clients choose fixed or volume-tiered Canadian stock pricing; exchange, clearing and regulatory charges can apply under tiered pricing. Buy: Tiered starts at $0.008 per share with a $1 minimum; fixed pricing is $0.01 per share with a $1 minimum. Sell: Tiered starts at $0.008 per share with a $1 minimum; fixed pricing is $0.01 per share with a $1 minimum.
Canadian Etf: Buy Tiered · sell TieredThe Canadian stock schedule also applies to ETFs; separate no-transaction-fee ETFs do not make all ETFs free. Buy: Tiered starts at $0.008 per share with a $1 minimum; fixed pricing is $0.01 per share with a $1 minimum. Sell: Tiered starts at $0.008 per share with a $1 minimum; fixed pricing is $0.01 per share with a $1 minimum.
Us Stock: Buy Tiered · sell TieredDirect clients choose fixed or volume-tiered U.S. stock pricing; regulatory and other third-party fees can apply. Buy: Tiered starts at US$0.0035 per share with a US$0.35 minimum; fixed pricing is US$0.005 with a US$1 minimum. Sell: Tiered starts at US$0.0035 per share with a US$0.35 minimum; fixed pricing is US$0.005 with a US$1 minimum, plus sell-side regulatory fees.
Us Etf: Buy Tiered · sell TieredThe U.S. stock schedule also applies to ETFs; separate no-transaction-fee ETFs do not make all ETFs free. Buy: Tiered starts at US$0.0035 per share with a US$0.35 minimum; fixed pricing is US$0.005 with a US$1 minimum. Sell: Tiered starts at US$0.0035 per share with a US$0.35 minimum; fixed pricing is US$0.005 with a US$1 minimum, plus sell-side regulatory fees.

Full inventory

Fees, access, platforms, and capabilities

Accounts and tiers

Account range: Individual, joint, trust, organization, RRSP, spousal RRSP, RRIF, TFSA and FHSA accounts
Applicant trading-experience requirement: At least 100 prior trades in a product type or 100 simulated real-time demo trades
Pricing choices: Fixed or tiered commission schedules for direct individual clients

Minimums and recurring fees

Individual account minimum: $0
Individual inactivity fee: $0
Registered maintenance fees: $0 for RRSP, TFSA and FHSA

Service and transfer fees

Incoming transfer fee reimbursement: UnknownA standing public reimbursement policy was not established from the reviewed official sources.
Withdrawals: Two free requests per calendar month; later CAD requests cost $12 by wire or $2 by EFT
Institutional transfer out: $0 for ACATS transfers from IBKR, though the receiving firm may charge
Canadian DRS transfers: Agent settlement or rejection fee plus $30 CAD per transaction
Telephone closing order: $40 CAD or $30 USD in addition to regular commissions

Investments and trading costs

Canadian stocks and ETFs: Tiered from $0.008 per share or fixed at $0.01 per share; $1 minimum and 0.5% maximum
U.S. stocks and ETFs: Tiered from US$0.0035 per share or fixed at US$0.005 per share; stated minimums and 1% maximum
Products: Stocks, ETFs, options, futures, spot currencies, bonds, warrants and other supported products
Third-party trading fees: Exchange, clearing, regulatory and pass-through fees vary by market and pricing plan

Foreign exchange and currency

Account currencies: Multi-currency funding and trading; registered plans are limited to CAD and USD cash balances and conversions
Spot FX commission: 0.20 to 0.08 basis point of trade value with US$2 to US$1 minimums by tier
Automatic conversion: Typically a 0.03% exchange-rate adjustment with no separate commission

Markets

Global access: More than 170 markets in 40 countries and 29 currencies, subject to affiliate availability
Registered-plan equity access: Designated U.S. and Canadian exchanges, excluding Venture-NEX and CSE single-listed stocks

Trading features

Fractional shares: Eligible U.S., Canadian and European stocks and ETFs
Trading technology: SmartRouting, shortable-instrument tools, extended or overnight trading for supported products, and APIs

Platforms and data

Platforms: Client Portal, IBKR Desktop, Trader Workstation, IBKR Mobile, GlobalTrader and APIs
Platform fees: $0 for listed web, desktop and mobile platforms
Market data: Live, delayed, historical and Level II availability varies; subscriptions can carry separate fees

Orders and research

Order types and algorithms: More than 100 order types and algorithms
Analysis and research: Screeners, Fundamentals Explorer, advanced charts, third-party news and research, and portfolio analytics

Margin

Margin availability: Available in eligible non-registered accounts; not allowed in RRSP, TFSA or FHSA accounts
CAD margin rates: 3.701% on the first $130,000, declining by blended balance tier to 2.701%, subject to change

Custody and protection

Dealer and protection: Interactive Brokers Canada Inc. is a CIRO member and CIPF member
Custody fee: IBKR charges no custody fee; third-party custody fees may apply