Margin Rates and Financing
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.
Interest tiers may change without prior notice to clients. These adjustments are made periodically to account for fluctuations in currency rates.
For all retail clients of IBKR Australia and non-retail (wholesale or professional investor) natural person clients of IBKR Australia with a Standard Margin Lending Facility, 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. For example, any client who qualifies as non-retail (wholesale or professional investor), excluding natural person clients with a Standard Margin Lending Facility, the annualized savings to be made are as follows:
| Amount Borrowed | Annualized Interest Saving |
|---|---|
| AUD $50,000 | AUD $500 |
| AUD $100,000 | AUD $1,000 |
| AUD $250,000 | AUD $2,500 |
| USD $50,000 | USD $1,000 |
| USD $100,000 | USD $2,000 |
| USD $250,000 | USD $5,000 |
Visit our Knowledge Base for more information on margin accounts under IBKR Australia, as well as our Knowledge Base for more information on regulatory status under IBKR Australia.
Rated Lowest Margin Rates1 by StockBrokers.com
AUD Margin Loan Rates Comparison2
| AUD 50K | AUD 100K | AUD 250K | AUD 500K | |
|---|---|---|---|---|
| Interactive Brokers (No Surcharge)3,4,5 | 5.539% | 5.539% | 5.339% | 5.189% |
| Interactive Brokers (Surcharge)3,5,6 | 6.539% | 6.539% | 6.339% | 6.189% |
| Westpac Online | 8.100% | 8.100% | 8.100% | 8.100% |
| NABTrade | 8.750% | 8.750% | 8.500% | 8.400% |
| St.George Bank | 10.080% | 10.080% | 9.830% | 9.580% |
| Bell Direct | 9.650% | 9.650% | 9.650% | 9.650% |
| Webull | 10.100% | 10.100% | 10.100% | 10.100% |
Each firm's information reflects the standard online margin loan rates obtained from their respective websites. Competitor rates and offers subject to change without notice. Services vary by firm.
Other currency margin loans available at comparably low rates.
Notes:
- According to StockBrokers.com Interactive Brokers Review: Read the full article Online Broker Reviews, January 29, 2025. "Interactive Brokers continues to lead with unbeatable margin rates, a significant advantage for active and professional traders."
- Annual Percentage Rate (APR) on AUD margin loan balances as of March 10, 2025. IBKR calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. Rates subject to change. For additional information on margin loan rates, visit our website.
- IBKR calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. For additional information, visit our website. Under some commission plans, overnight carrying fees may apply.
- The standard rate (i.e. without IBAU surcharge) applies for non-retail (wholesale or professional investor) clients of IBKR Australia, excluding non-retail natural person clients of IBKR Australia (wholesale or professional investor) with a Standard Margin Lending Facility.
- IBAU customers are only able to hold and borrow supported currencies. Foreign exchange conversion fees will apply to convert margin loan balances drawn down for purchases denominated in unsupported currencies. Visit our Knowledge Base for more information.
- For all retail clients of IBKR Australia and non-retail (wholesale or professional investor) natural person clients of IBKR Australia with a Standard Margin Lending Facility), 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 on margin accounts under IBKR Australia, as well as our Knowledge Base for more information on regulatory status under IBKR Australia.
BM = Benchmark Rate
| Currency | Tier | Rate Charged (No surcharges)1,3 |
Rate Charged (Surcharges)2 |
|---|---|---|---|
| USD | 0 ≤ 100,000 | 5.830% (BM + 1.5%) | 7.830% (BM + 3.5%) |
| 100,000 ≤ 1,000,000 | 5.330% (BM + 1%) | 7.330% (BM + 3%) | |
| 1,000,000 ≤ 50,000,000 | 5.080% (BM + 0.75%) | 7.080% (BM + 2.75%) | |
| 50,000,000 ≤ 250,000,000 | 4.830% (BM + 0.5%) | 6.830% (BM + 2.5%) | |
| > 250,000,000 | 4.830% (BM + 0.5%)4 | 6.830% (BM + 2.5%)4 | |
| AED | 0 ≤ 350,000 | 6.691% (BM + 2.5%) | 8.691% (BM + 4.5%) |
| 350,000 ≤ 3,500,000 | 6.191% (BM + 2%) | 8.191% (BM + 4%) | |
| 3,500,000 ≤ 350,000,000 | 5.691% (BM + 1.5%) | 7.691% (BM + 3.5%) | |
| > 350,000,000 | 5.691% (BM + 1.5%)4 | 7.691% (BM + 3.5%)4 | |
| AUD | 0 ≤ 150,000 | 5.595% (BM + 1.5%) | 6.595% (BM + 2.5%) |
| 150,000 ≤ 1,500,000 | 5.095% (BM + 1%) | 6.095% (BM + 2%) | |
| 1,500,000 ≤ 75,000,000 | 4.845% (BM + 0.75%) | 5.845% (BM + 1.75%) | |
| 75,000,000 ≤ 300,000,000 | 4.595% (BM + 0.5%)3 | 5.595% (BM + 1.5%) | |
| > 300,000,000 | 4.595% (BM + 0.5%)3,4 | 5.595% (BM + 1.5%)4 | |
| CAD | 0 ≤ 130,000 | 4.139% (BM + 1.5%) | 6.139% (BM + 3.5%) |
| 130,000 ≤ 1,300,000 | 3.639% (BM + 1%) | 5.639% (BM + 3%) | |
| 1,300,000 ≤ 64,000,000 | 3.389% (BM + 0.75%) | 5.389% (BM + 2.75%) | |
| 64,000,000 ≤ 260,000,000 | 3.139% (BM + 0.5%) | 5.139% (BM + 2.5%) | |
| > 260,000,000 | 3.139% (BM + 0.5%)4 | 5.139% (BM + 2.5%)4 | |
| CHF | 0 ≤ 90,000 | 1.567% (BM + 1.5%) | 3.567% (BM + 3.5%) |
| 90,000 ≤ 900,000 | 1.067% (BM + 1%) | 3.067% (BM + 3%) | |
| 900,000 ≤ 46,000,000 | 0.817% (BM + 0.75%) | 2.817% (BM + 2.75%) | |
| 46,000,000 ≤ 180,000,000 | 0.75% (BM + 0.5%)3 | 2.567% (BM + 2.5%) | |
| > 180,000,000 | 0.75% (BM + 0.5%)3,4 | 2.567% (BM + 2.5%)4 | |
| CNH | 0 ≤ 700,000 | 5.334% (BM + 4%) | 7.334% (BM + 6%) |
| 700,000 ≤ 7,000,000 | 4.334% (BM + 3%) | 6.334% (BM + 5%) | |
| 7,000,000 ≤ 350,000,000 | 3.834% (BM + 2.5%) | 5.834% (BM + 4.5%) | |
| > 350,000,000 | 3.334% (BM + 2%)4 | 5.334% (BM + 4%)4 | |
| CZK | 0 ≤ 400,000,000 | 6.322% (BM + 3%) | 8.322% (BM + 5%) |
| > 400,000,000 | 6.322% (BM + 3%)4 | 8.322% (BM + 5%)4 | |
| DKK | 0 ≤ 120,000,000 | 4.833% (BM + 3%) | 6.833% (BM + 5%) |
| > 120,000,000 | 4.833% (BM + 3%)4 | 6.833% (BM + 5%)4 | |
| EUR | 0 ≤ 90,000 | 3.645% (BM + 1.5%) | 5.645% (BM + 3.5%) |
| 90,000 ≤ 900,000 | 3.145% (BM + 1%) | 5.145% (BM + 3%) | |
| 900,000 ≤ 44,000,000 | 2.895% (BM + 0.75%) | 4.895% (BM + 2.75%) | |
| 44,000,000 ≤ 180,000,000 | 2.645% (BM + 0.5%)3 | 4.645% (BM + 2.5%) | |
| > 180,000,000 | 2.645% (BM + 0.5%)3,4 | 4.645% (BM + 2.5%)4 | |
| GBP | 0 ≤ 80,000 | 5.658% (BM + 1.5%) | 7.658% (BM + 3.5%) |
| 80,000 ≤ 800,000 | 5.158% (BM + 1%) | 7.158% (BM + 3%) | |
| 800,000 ≤ 38,000,000 | 4.908% (BM + 0.75%) | 6.908% (BM + 2.75%) | |
| 38,000,000 ≤ 150,000,000 | 4.658% (BM + 0.5%) | 6.658% (BM + 2.5%) | |
| > 150,000,000 | 4.658% (BM + 0.5%)4 | 6.658% (BM + 2.5%)4 | |
| HKD | 0 ≤ 780,000 | 2.643% (BM + 2.5%) | 4.643% (BM + 4.5%) |
| 780,000 ≤ 7,800,000 | 2.143% (BM + 2%) | 4.143% (BM + 4%) | |
| 7,800,000 ≤ 780,000,000 | 1.643% (BM + 1.5%) | 3.643% (BM + 3.5%) | |
| > 780,000,000 | 1.643% (BM + 1.5%)4 | 3.643% (BM + 3.5%)4 | |
| HUF | 0 ≤ 4,500,000,000 | 11.210% (BM + 5%) | 13.210% (BM + 7%) |
| > 4,500,000,000 | 11.210% (BM + 5%)4 | 13.210% (BM + 7%)4 | |
| ILS | 0 ≤ 80,000,000 | 9.475% (BM + 5%) | 11.475% (BM + 7%) |
| > 80,000,000 | 9.475% (BM + 5%)4 | 11.475% (BM + 7%)4 | |
| INR | All | 8.890% (BM + 3%)4 | 10.890% (BM + 5%)4 |
| JPY | 0 ≤ 11,000,000 | 1.843% (BM + 1.5%) | 3.843% (BM + 3.5%) |
| 11,000,000 ≤ 114,000,000 | 1.343% (BM + 1%) | 3.343% (BM + 3%) | |
| 114,000,000 ≤ 5,700,000,000 | 1.093% (BM + 0.75%) | 3.093% (BM + 2.75%) | |
| 5,700,000,000 ≤ 23,000,000,000 | 0.843% (BM + 0.5%) | 2.843% (BM + 2.5%) | |
| > 23,000,000,000 | 0.843% (BM + 0.5%)4 | 2.843% (BM + 2.5%)4 | |
| KRW | 0 ≤ 120,000,000 | 4.750% (BM + 2%) | 6.750% (BM + 4%) |
| 120,000,000 ≤ 1,200,000,000 | 4.250% (BM + 1.5%) | 6.250% (BM + 3.5%) | |
| 1,200,000,000 ≤ 24,000,000,000 | 3.750% (BM + 1%) | 5.750% (BM + 3%) | |
| > 24,000,000,000 | 3.750% (BM + 1%)4 | 5.750% (BM + 3%)4 | |
| MXN | 0 ≤ 2,000,000 | 12.530% (BM + 3%) | 14.530% (BM + 5%) |
| 2,000,000 ≤ 20,000,000 | 11.530% (BM + 2%) | 13.530% (BM + 4%) | |
| 20,000,000 ≤ 2,000,000,000 | 11.030% (BM + 1.5%) | 13.030% (BM + 3.5%) | |
| > 2,000,000,000 | 11.030% (BM + 1.5%)4 | 13.030% (BM + 3.5%)4 | |
| NOK | 0 ≤ 900,000 | 5.818% (BM + 1.5%) | 7.818% (BM + 3.5%) |
| 900,000 ≤ 9,000,000 | 5.318% (BM + 1%) | 7.318% (BM + 3%) | |
| 9,000,000 ≤ 450,000,000 | 5.068% (BM + 0.75%) | 7.068% (BM + 2.75%) | |
| 450,000,000 ≤ 1,800,000,000 | 4.818% (BM + 0.5%) | 6.818% (BM + 2.5%) | |
| > 1,800,000,000 | 4.818% (BM + 0.5%)4 | 6.818% (BM + 2.5%)4 | |
| NZD | 0 ≤ 150,000 | 4.795% (BM + 1.5%) | 6.795% (BM + 3.5%) |
| 150,000 ≤ 1,500,000 | 4.295% (BM + 1%) | 6.295% (BM + 3%) | |
| 1,500,000 ≤ 150,000,000 | 4.045% (BM + 0.75%) | 6.045% (BM + 2.75%) | |
| > 150,000,000 | 4.045% (BM + 0.75%)4 | 6.045% (BM + 2.75%)4 | |
| PLN | 0 ≤ 70,000,000 | 8.140% (BM + 3%) | 10.140% (BM + 5%) |
| > 70,000,000 | 8.140% (BM + 3%) | 10.140% (BM + 5%) | |
| RUB | 0 ≤ 660,000,000 | 25.920% (BM + 5%) | 27.920% (BM + 7%) |
| > 660,000,000 | 25.920% (BM + 5%)4 | 27.920% (BM + 7%)4 | |
| SAR | 0 ≤ 350,000 | 7.774% (BM + 2.5%) | 9.774% (BM + 4.5%) |
| 350,000 ≤ 3,500,000 | 7.274% (BM + 2%) | 9.274% (BM + 4%) | |
| 3,500,000 ≤ 350,000,000 | 6.774% (BM + 1.5%) | 8.774% (BM + 3.5%) | |
| > 350,000,000 | 6.774% (BM + 1.5%)4 | 8.774% (BM + 3.5%)4 | |
| SEK | 0 ≤ 900,000 | 3.623% (BM + 1.5%) | 5.623% (BM + 3.5%) |
| 900,000 ≤ 9,100,000 | 3.123% (BM + 1%) | 5.123% (BM + 3%) | |
| 9,100,000 ≤ 454,000,000 | 2.873% (BM + 0.75%) | 4.873% (BM + 2.75%) | |
| 454,000,000 ≤ 1,820,000,000 | 2.623% (BM + 0.5%)3 | 4.623% (BM + 2.5%) | |
| > 1,820,000,000 | 2.623% (BM + 0.5%)3,4 | 4.623% (BM + 2.5%)4 | |
| SGD | 0 ≤ 140,000 | 3.665% (BM + 1.5%) | 5.665% (BM + 3.5%) |
| 140,000 ≤ 1,400,000 | 3.165% (BM + 1%) | 5.165% (BM + 3%) | |
| 1,400,000 ≤ 68,000,000 | 2.915% (BM + 0.75%) | 4.915% (BM + 2.75%) | |
| 68,000,000 ≤ 270,000,000 | 2.665% (BM + 0.5%) | 4.665% (BM + 2.5%) | |
| > 270,000,000 | 2.665% (BM + 0.5%)4 | 4.665% (BM + 2.5%)4 | |
| TRY | 0 ≤ 250,000,000 | 48.302% (BM + 5%) | 50.302% (BM + 7%) |
| > 250,000,000 | 48.302% (BM + 5%)4 | 50.302% (BM + 7%)4 | |
| ZAR | 0 ≤ 1,500,000 | 8.958% (BM + 1.5%) | 10.958% (BM + 3.5%) |
| 1,500,000 ≤ 15,000,000 | 8.458% (BM + 1%) | 10.458% (BM + 3%) | |
| 15,000,000 ≤ 1,500,000,000 | 8.208% (BM + 0.75%) | 10.208% (BM + 2.75%) | |
| > 1,500,000,000 | 8.208% (BM + 0.75%)4 | 10.208% (BM + 2.75%)4 |
- The standard rate applies for non-retail (wholesale or professional investor) clients of IBKR Australia, excluding non-retail natural person clients of IBKR Australia (wholesale or professional investor) with a Standard Margin Lending Facility. Visit our Knowledge Base for more information.
- For all retail clients of IBKR Australia and non-retail (wholesale or professional investor) natural person clients of IBKR Australia with a Standard Margin Lending Facility), 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.
- A minimum floor of .75% will be charged on margin loans. Rates subject to change.
- 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 sanctions imposed by multiple governments, IBKR clients cannot open or close positions on the Moscow Stock Exchange (MOEX) at this time.
- We do not currently receive pricing data for MOEX listed securities or securities with a MOEX listed component.
- 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.
