If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more.

Margin Rates

Margin Rates

Interest Charged on Margin Loans
View Examples


When calculating rates, keep in mind that IBKR uses a blended rate based on the tiers below. For example, for a balance over USD 1,000,000, the first 100,000 is charged at the Tier I rate, the next 900,000 at the Tier II rate, etc. When determining the quoted spread, IBKR will use the set benchmark rate or a benchmark rate of 0 for all benchmark rates less than 0.

IBKR accrues interest on a daily basis and posts actual interest monthly on the third business day of the following month.

The tiers on which interest is based may change from time to time without prior notification to clients. Such adjustments are done periodically to adjust for changes in currency rates.


Estimate Interest Charged on Margin Loans

Enter Balance
Pricing Plan:


Calculate Blended Rate

BM = Benchmark Rate

Currency Tier Rate Charged: Rate Charged:
USD 0 ≤ 100,000 1.57% (BM + 1.5%) 2.57% (BM + 2.5%)
100,000 ≤ 1,000,000 1.07% (BM + 1%) 2.57% (BM + 2.5%)
1,000,000 ≤ 3,000,000 0.75% (BM + 0.5%)1 2.57% (BM + 2.5%)
3,000,000 ≤ 200,000,000 0.75% (BM + 0.3%)1 2.57% (BM + 2.5%)
> 200,000,000 0.75% (BM + 0.3%) 1,2 2.57% (BM + 2.5%)
AUD 0 ≤ 140,000 1.5% (BM + 1.5%) 2.5% (BM + 2.5%)
140,000 ≤ 1,400,000 1% (BM + 1%) 2.5% (BM + 2.5%)
1,400,000 ≤ 140,000,000 0.5% (BM + 0.5%) 2.5% (BM + 2.5%)
> 140,000,000 0.5% (BM + 0.5%) 2 2.5% (BM + 2.5%)
CAD 0 ≤ 140,000 1.542% (BM + 1.5%) 2.542% (BM + 2.5%)
140,000 ≤ 1,400,000 1.042% (BM + 1%) 2.542% (BM + 2.5%)
1,400,000 ≤ 140,000,000 0.542% (BM + 0.5%) 2.542% (BM + 2.5%)
> 140,000,000 0.542% (BM + 0.5%) 2 2.542% (BM + 2.5%)
CHF 0 ≤ 100,000 1.5% (BM + 1.5%) 2.5% (BM + 2.5%)
100,000 ≤ 1,000,000 1% (BM + 1%) 2.5% (BM + 2.5%)
1,000,000 ≤ 200,000,000 0.5% (BM + 0.5%) 2.5% (BM + 2.5%)
> 200,000,000 0.5% (BM + 0.5%) 2 2.5% (BM + 2.5%)
CNH 0 ≤ 625,000 8.013% (BM + 5%) 9.013% (BM + 6%)
625,000 ≤ 6,250,000 8.013% (BM + 5%) 9.013% (BM + 6%)
6,250,000 ≤ 125,000,000 8.013% (BM + 5%) 9.013% (BM + 6%)
> 125,000,000 8.013% (BM + 5%) 2 9.013% (BM + 6%)
CZK 0 ≤ 400,000,000 3.076% (BM + 3%) 4.076% (BM + 4%)
> 400,000,000 3.076% (BM + 3%) 2 4.076% (BM + 4%)
DKK 0 ≤ 120,000,000 3% (BM + 3%) 4% (BM + 4%)
> 120,000,000 3% (BM + 3%) 2 4% (BM + 4%)
EUR 0 ≤ 100,000 1.5% (BM + 1.5%) 2.5% (BM + 2.5%)
100,000 ≤ 1,000,000 1% (BM + 1%) 2.5% (BM + 2.5%)
1,000,000 ≤ 150,000,000 0.5% (BM + 0.5%) 2.5% (BM + 2.5%)
> 150,000,000 0.5% (BM + 0.5%) 2 2.5% (BM + 2.5%)
GBP 0 ≤ 80,000 1.513% (BM + 1.5%) 2.513% (BM + 2.5%)
80,000 ≤ 800,000 1.013% (BM + 1%) 2.513% (BM + 2.5%)
800,000 ≤ 160,000,000 0.513% (BM + 0.5%) 2.513% (BM + 2.5%)
> 160,000,000 0.513% (BM + 0.5%) 2 2.513% (BM + 2.5%)
HKD 0 ≤ 780,000 2.5% (BM + 2.5%) 3.5% (BM + 3.5%)
780,000 ≤ 7,800,000 2% (BM + 2%) 3.5% (BM + 3.5%)
7,800,000 ≤ 780,000,000 1.5% (BM + 1.5%) 3.5% (BM + 3.5%)
> 780,000,000 1.5% (BM + 1.5%) 2 3.5% (BM + 3.5%)
HUF 0 ≤ 4,500,000,000 5.682% (BM + 5%) 6.682% (BM + 6%)
> 4,500,000,000 5.682% (BM + 5%) 2 6.682% (BM + 6%)
ILS 0 ≤ 80,000,000 5% (BM + 5%) 6% (BM + 6%)
> 80,000,000 5% (BM + 5%) 2 6% (BM + 6%)
INR All 11.7% (BM + 3%) 12.7% (BM + 4%)
JPY 0 ≤ 11,000,000 1.5% (BM + 1.5%) 2.5% (BM + 2.5%)
11,000,000 ≤ 110,000,000 1% (BM + 1%) 2.5% (BM + 2.5%)
110,000,000 ≤ 20,000,000,000 0.5% (BM + 0.5%) 2.5% (BM + 2.5%)
> 20,000,000,000 0.5% (BM + 0.5%) 2 2.5% (BM + 2.5%)
KRW 0 ≤ 120,000,000 2.5% (BM + 2%) 3.5% (BM + 3%)
120,000,000 ≤ 1,200,000,000 2% (BM + 1.5%) 3.5% (BM + 3%)
1,200,000,000 ≤ 24,000,000,000 1.5% (BM + 1%) 3.5% (BM + 3%)
> 24,000,000,000 1.5% (BM + 1%) 2 3.5% (BM + 3%)
MXN 0 ≤ 1,900,000 7.098% (BM + 3%) 8.098% (BM + 4%)
1,900,000 ≤ 19,000,000 6.098% (BM + 2%) 8.098% (BM + 4%)
19,000,000 ≤ 1,900,000,000 5.598% (BM + 1.5%) 8.098% (BM + 4%)
> 1,900,000,000 5.598% (BM + 1.5%) 2 8.098% (BM + 4%)
NOK 0 ≤ 850,000 1.5% (BM + 1.5%) 2.5% (BM + 2.5%)
850,000 ≤ 8,500,000 1% (BM + 1%) 2.5% (BM + 2.5%)
8,500,000 ≤ 850,000,000 0.5% (BM + 0.5%) 2.5% (BM + 2.5%)
> 850,000,000 0.5% (BM + 0.5%) 2 2.5% (BM + 2.5%)
NZD 0 ≤ 150,000 1.5% (BM + 1.5%) 2.5% (BM + 2.5%)
150,000 ≤ 1,500,000 1% (BM + 1%) 2.5% (BM + 2.5%)
1,500,000 ≤ 150,000,000 0.75% (BM + 0.75%) 2.5% (BM + 2.5%)
> 150,000,000 0.75% (BM + 0.75%) 2 2.5% (BM + 2.5%)
PLN 0 ≤ 70,000,000 3% (BM + 3%) 4% (BM + 4%)
> 70,000,000 4% (BM + 4%) 2 4% (BM + 4%)
RUB 0 ≤ 660,000,000 9.451% (BM + 5%) 10.451% (BM + 6%)
> 660,000,000 9.451% (BM + 5%) 2 10.451% (BM + 6%)
SEK 0 ≤ 850,000 1.5% (BM + 1.5%) 2.5% (BM + 2.5%)
850,000 ≤ 8,500,000 1% (BM + 1%) 2.5% (BM + 2.5%)
8,500,000 ≤ 850,000,000 0.5% (BM + 0.5%) 2.5% (BM + 2.5%)
> 850,000,000 0.5% (BM + 0.5%) 2 2.5% (BM + 2.5%)
SGD 0 ≤ 150,000 1.566% (BM + 1.5%) 2.566% (BM + 2.5%)
150,000 ≤ 1,500,000 1.066% (BM + 1%) 2.566% (BM + 2.5%)
1,500,000 ≤ 150,000,000 0.566% (BM + 0.5%) 2.566% (BM + 2.5%)
> 150,000,000 0.566% (BM + 0.5%) 2 2.566% (BM + 2.5%)
TRY 0 ≤ 60,000,000 21.95% (BM + 5%) 22.95% (BM + 6%)
> 60,000,000 21.95% (BM + 5%) 2 22.95% (BM + 6%)
ZAR 0 ≤ 1,500,000 5.872% (BM + 1.5%) 6.872% (BM + 2.5%)
1,500,000 ≤ 15,000,000 5.372% (BM + 1%) 6.872% (BM + 2.5%)
15,000,000 ≤ 1,500,000,000 5.122% (BM + 0.75%) 6.872% (BM + 2.5%)
> 1,500,000,000 5.122% (BM + 0.75%) 2 6.872% (BM + 2.5%)

  1. A minimum floor of 0.75% will be charged on all USD margin loans. Rates subject to change.
  2. May be subject to a 1% surcharge applied to the spread if financing is not pre-arranged.
Disclosures
  1. Credit balances greater than USD 10,000 (or equivalent) in accounts with a NAV of less than USD 100,000 (or equivalent) will be paid interest at a proportional rate. For accounts holding credit balances in currencies carrying a negative interest rate, the negative rate will be applied to accounts with balances of at least USD 100,000 (or equivalent), but smaller credit balances will not be charged the negative rate.

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy click here.

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

For a list of IBG memberships worldwide, click here.