Margin Rates and Financing

Margin Rates & Financing

Margin Rates Reference
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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.

For clients of IBKR Australia that are either natural person clients, or non natural person retail clients, an additional spread ("IBAU Surcharge") will be added to the standard rates below. The IBAU surcharge is currently 1% for borrows in AUD and 2% on all other borrowings. Visit our Knowledge Base for more information.


Estimate Interest Charged on Margin Loans
Enter Balance
Calculate Blended Rate


BM = Benchmark Rate

Currency Tier Rate Charged
(No surcharges)1,3		 Rate Charged
(Surcharges)2
USD 0 ≤ 100,000 6.830% (BM + 1.5%) 8.830% (BM + 3.5%)
100,000 ≤ 1,000,000 6.330% (BM + 1%) 8.330% (BM + 3%)
1,000,000 ≤ 50,000,000 6.080% (BM + 0.75%) 8.080% (BM + 2.75%)
50,000,000 ≤ 200,000,000 5.830% (BM + 0.5%) 7.830% (BM + 2.5%)
> 200,000,000 5.830% (BM + 0.5%)4 7.830% (BM + 2.5%)4
AED 0 ≤ 350,000 7.739% (BM + 2.5%) 9.739% (BM + 4.5%)
350,000 ≤ 3,500,000 7.239% (BM + 2%) 9.239% (BM + 4%)
3,500,000 ≤ 350,000,000 6.739% (BM + 1.5%) 8.739% (BM + 3.5%)
> 350,000,000 6.739% (BM + 1.5%)4 8.739% (BM + 3.5%)4
AUD 0 ≤ 150,000 5.816% (BM + 1.5%) 6.816% (BM + 2.5%)
150,000 ≤ 1,500,000 5.316% (BM + 1%) 6.316% (BM + 2%)
1,500,000 ≤ 75,000,000 5.066% (BM + 0.75%) 6.066% (BM + 1.75%)
75,000,000 ≤ 300,000,000 4.816% (BM + 0.5%)3 5.816% (BM + 1.5%)
> 300,000,000 4.816% (BM + 0.5%)3,4 5.816% (BM + 1.5%)4
CAD 0 ≤ 130,000 6.264% (BM + 1.5%) 8.264% (BM + 3.5%)
130,000 ≤ 1,300,000 5.764% (BM + 1%) 7.764% (BM + 3%)
1,300,000 ≤ 64,000,000 5.514% (BM + 0.75%) 7.514% (BM + 2.75%)
64,000,000 ≤ 260,000,000 5.264% (BM + 0.5%) 7.264% (BM + 2.5%)
> 260,000,000 5.264% (BM + 0.5%)4 7.264% (BM + 2.5%)4
CHF 0 ≤ 90,000 2.331% (BM + 1.5%) 4.331% (BM + 3.5%)
90,000 ≤ 900,000 1.831% (BM + 1%) 3.831% (BM + 3%)
900,000 ≤ 46,000,000 1.581% (BM + 0.75%) 3.581% (BM + 2.75%)
46,000,000 ≤ 180,000,000 1.331% (BM + 0.5%)3 3.331% (BM + 2.5%)
> 180,000,000 1.331% (BM + 0.5%)3,4 3.331% (BM + 2.5%)4
CNH 0 ≤ 700,000 5.497% (BM + 4%) 7.497% (BM + 6%)
700,000 ≤ 7,000,000 4.497% (BM + 3%) 6.497% (BM + 5%)
7,000,000 ≤ 350,000,000 3.997% (BM + 2.5%) 5.997% (BM + 4.5%)
> 350,000,000 3.497% (BM + 2%)4 5.497% (BM + 4%)4
CZK 0 ≤ 400,000,000 8.175% (BM + 3%) 10.175% (BM + 5%)
> 400,000,000 8.175% (BM + 3%)4 10.175% (BM + 5%)4
DKK 0 ≤ 120,000,000 6.510% (BM + 3%) 8.510% (BM + 5%)
> 120,000,000 6.510% (BM + 3%)4 8.510% (BM + 5%)4
EUR 0 ≤ 90,000 4.746% (BM + 1.5%) 6.746% (BM + 3.5%)
90,000 ≤ 900,000 4.246% (BM + 1%) 6.246% (BM + 3%)
900,000 ≤ 44,000,000 3.996% (BM + 0.75%) 5.996% (BM + 2.75%)
44,000,000 ≤ 180,000,000 3.746% (BM + 0.5%)3 5.746% (BM + 2.5%)
> 180,000,000 3.746% (BM + 0.5%)3,4 5.746% (BM + 2.5%)4
GBP 0 ≤ 80,000 6.747% (BM + 1.5%) 8.747% (BM + 3.5%)
80,000 ≤ 800,000 6.247% (BM + 1%) 8.247% (BM + 3%)
800,000 ≤ 38,000,000 5.997% (BM + 0.75%) 7.997% (BM + 2.75%)
38,000,000 ≤ 150,000,000 5.747% (BM + 0.5%) 7.747% (BM + 2.5%)
> 150,000,000 5.747% (BM + 0.5%)4 7.747% (BM + 2.5%)4
HKD 0 ≤ 780,000 8.012% (BM + 2.5%) 10.012% (BM + 4.5%)
780,000 ≤ 7,800,000 7.512% (BM + 2%) 9.512% (BM + 4%)
7,800,000 ≤ 780,000,000 7.012% (BM + 1.5%) 9.012% (BM + 3.5%)
> 780,000,000 7.012% (BM + 1.5%)4 9.012% (BM + 3.5%)4
HUF 0 ≤ 4,500,000,000 11.750% (BM + 5%) 13.750% (BM + 7%)
> 4,500,000,000 11.750% (BM + 5%)4 13.750% (BM + 7%)4
ILS 0 ≤ 80,000,000 9.123% (BM + 5%) 11.123% (BM + 7%)
> 80,000,000 9.123% (BM + 5%)4 11.123% (BM + 7%)4
INR All 9.750% (BM + 3%)4 11.750% (BM + 5%)4
JPY 0 ≤ 11,000,000 1.533% (BM + 1.5%) 3.533% (BM + 3.5%)
11,000,000 ≤ 114,000,000 1.033% (BM + 1%) 3.033% (BM + 3%)
114,000,000 ≤ 5,700,000,000 0.783% (BM + 0.75%) 2.783% (BM + 2.75%)
5,700,000,000 ≤ 23,000,000,000 0.75% (BM + 0.5%) 2.533% (BM + 2.5%)
> 23,000,000,000 0.75% (BM + 0.5%)4 2.533% (BM + 2.5%)4
KRW 0 ≤ 120,000,000 5.500% (BM + 2%) 7.500% (BM + 4%)
120,000,000 ≤ 1,200,000,000 5.000% (BM + 1.5%) 7.000% (BM + 3.5%)
1,200,000,000 ≤ 24,000,000,000 4.500% (BM + 1%) 6.500% (BM + 3%)
> 24,000,000,000 4.500% (BM + 1%)4 6.500% (BM + 3%)4
MXN 0 ≤ 2,000,000 14.023% (BM + 3%) 16.023% (BM + 5%)
2,000,000 ≤ 20,000,000 13.023% (BM + 2%) 15.023% (BM + 4%)
20,000,000 ≤ 2,000,000,000 12.523% (BM + 1.5%) 14.523% (BM + 3.5%)
> 2,000,000,000 12.523% (BM + 1.5%)4 14.523% (BM + 3.5%)4
NOK 0 ≤ 900,000 5.848% (BM + 1.5%) 7.848% (BM + 3.5%)
900,000 ≤ 9,000,000 5.348% (BM + 1%) 7.348% (BM + 3%)
9,000,000 ≤ 450,000,000 5.098% (BM + 0.75%) 7.098% (BM + 2.75%)
450,000,000 ≤ 1,800,000,000 4.848% (BM + 0.5%) 6.848% (BM + 2.5%)
> 1,800,000,000 4.848% (BM + 0.5%)4 6.848% (BM + 2.5%)4
NZD 0 ≤ 150,000 6.964% (BM + 1.5%) 8.964% (BM + 3.5%)
150,000 ≤ 1,500,000 6.464% (BM + 1%) 8.464% (BM + 3%)
1,500,000 ≤ 150,000,000 6.214% (BM + 0.75%) 8.214% (BM + 2.75%)
> 150,000,000 6.214% (BM + 0.75%)4 8.214% (BM + 2.75%)4
PLN 0 ≤ 70,000,000 9.193% (BM + 3%) 11.193% (BM + 5%)
> 70,000,000 9.193% (BM + 3%) 11.193% (BM + 5%)
RUB 0 ≤ 660,000,000 20.700% (BM + 5%) 22.700% (BM + 7%)
> 660,000,000 20.700% (BM + 5%)4 22.700% (BM + 7%)4
SAR 0 ≤ 350,000 8.121% (BM + 2.5%) 10.121% (BM + 4.5%)
350,000 ≤ 3,500,000 7.621% (BM + 2%) 9.621% (BM + 4%)
3,500,000 ≤ 350,000,000 7.121% (BM + 1.5%) 9.121% (BM + 3.5%)
> 350,000,000 7.121% (BM + 1.5%)4 9.121% (BM + 3.5%)4
SEK 0 ≤ 900,000 5.326% (BM + 1.5%) 7.326% (BM + 3.5%)
900,000 ≤ 9,100,000 4.826% (BM + 1%) 6.826% (BM + 3%)
9,100,000 ≤ 454,000,000 4.576% (BM + 0.75%) 6.576% (BM + 2.75%)
454,000,000 ≤ 1,820,000,000 4.326% (BM + 0.5%)3 6.326% (BM + 2.5%)
> 1,820,000,000 4.326% (BM + 0.5%)3,4 6.326% (BM + 2.5%)4
SGD 0 ≤ 140,000 5.236% (BM + 1.5%) 7.236% (BM + 3.5%)
140,000 ≤ 1,400,000 4.736% (BM + 1%) 6.736% (BM + 3%)
1,400,000 ≤ 68,000,000 4.486% (BM + 0.75%) 6.486% (BM + 2.75%)
68,000,000 ≤ 270,000,000 4.236% (BM + 0.5%) 6.236% (BM + 2.5%)
> 270,000,000 4.236% (BM + 0.5%)4 6.236% (BM + 2.5%)4
TRY 0 ≤ 250,000,000 48.945% (BM + 5%) 50.945% (BM + 7%)
> 250,000,000 49.945% (BM + 6%)4 51.945% (BM + 8%)4
ZAR 0 ≤ 1,500,000 9.906% (BM + 1.5%) 11.906% (BM + 3.5%)
1,500,000 ≤ 15,000,000 9.406% (BM + 1%) 11.406% (BM + 3%)
15,000,000 ≤ 1,500,000,000 9.156% (BM + 0.75%) 11.156% (BM + 2.75%)
> 1,500,000,000 9.156% (BM + 0.75%)4 11.156% (BM + 2.75%)4

  1. The standard rate applies for specific clients of IBKR Australia i.e. clients that are non-natural person non-retail clients (wholesale or professional investor). Visit our Knowledge Base for more information.
  2. For clients of IBKR Australia that are either natural person clients or non-natural person retail clients, an additional spread ("IBAU Surcharge") will be added to the standard rates in all tiers. The IBAU Surcharge is currently 1% for borrows in AUD and 2% on all other borrowings. Visit our Knowledge Base for more information.
  3. A minimum floor of .75% will be charged on margin loans. Rates subject to change.
  4. IBKR may assess an additional surcharge of 1% on large loan balances unless otherwise prearranged with IBKR. The 1% surcharge would apply to all balances in the highest tier.

NOTES:

  • Due to restrictions imposed by Russia, IBKR clients cannot open or close positions on the Moscow Stock Exchange at this time.
  • AS of July 28, 2022, any long or short RUB balances in an account auto-convert to USD or EUR, depending on the entity holding an account. Visit our Knowledge Base for additional info.
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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.
  • IBKR may change these rates at any time, in its sole discretion. We will publish the current rates on a best-efforts basis. Interest rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker may receive a different amount of interest (or no interest) at the election of the client’s introducing broker. Clients should contact their introducing broker about the rates that will apply to their account.
  • Reference Benchmark for AUD applies to margin loans only.
  • For clients of Interactive Brokers Australia Pty. Ltd., the rate paid on credit balances is based on external benchmark reference rates and bank deposit rates.

Pursuant to Part 7.8A of the Corporations Act 2001, Interactive Brokers Australia Pty. Ltd. has prepared the following target market determinations relating to certain financial products for which it is deemed to be the issuer. Our Target Market Determinations are located here: Target Market Determinations.

Product Disclosure Statements are also available for each of these products. If applicable, you should carefully consider these Disclosures in deciding whether to acquire, or to continue to hold, the relevant financial product.