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.
BM = Benchmark Rate
| Currency | Tier | Rate Charged: | Rate Charged: |
|---|---|---|---|
| USD | 0 ≤ 100,000 | 5.13% (BM + 1.5%) | 6.13% (BM + 2.5%) |
| 100,000 ≤ 1,000,000 | 4.63% (BM + 1%) | 6.13% (BM + 2.5%) | |
| 1,000,000 ≤ 50,000,000 | 4.38% (BM + 0.75%) | 6.13% (BM + 2.5%) | |
| 50,000,000 ≤ 250,000,000 | 4.13% (BM + 0.5%)1 | 6.13% (BM + 2.5%) | |
| > 250,000,000 | 4.13% (BM + 0.5%) 1,2 | 6.13% (BM + 2.5%) | |
| AED | 0 ≤ 350,000 | 6.1% (BM + 2.5%) | 7.1% (BM + 3.5%) |
| 350,000 ≤ 3,500,000 | 5.6% (BM + 2%) | 7.1% (BM + 3.5%) | |
| 3,500,000 ≤ 350,000,000 | 5.1% (BM + 1.5%) | 7.1% (BM + 3.5%) | |
| > 350,000,000 | 5.1% (BM + 1.5%) 2 | 7.1% (BM + 3.5%) | |
| AUD | 0 ≤ 150,000 | 5.71% (BM + 1.5%) | 6.71% (BM + 2.5%) |
| 150,000 ≤ 1,500,000 | 5.21% (BM + 1%) | 6.71% (BM + 2.5%) | |
| 1,500,000 ≤ 75,000,000 | 4.96% (BM + 0.75%) | 6.71% (BM + 2.5%) | |
| 75,000,000 ≤ 300,000,000 | 4.71% (BM + 0.5%) 1 | 6.71% (BM + 2.5%) | |
| > 300,000,000 | 4.71% (BM + 0.5%) 1,2 | 6.71% (BM + 2.5%) | |
| CAD | 0 ≤ 130,000 | 3.572% (BM + 1.5%) | 4.572% (BM + 2.5%) |
| 130,000 ≤ 1,300,000 | 3.072% (BM + 1%) | 4.572% (BM + 2.5%) | |
| 1,300,000 ≤ 64,000,000 | 2.822% (BM + 0.75%) | 4.572% (BM + 2.5%) | |
| 64,000,000 ≤ 260,000,000 | 2.572% (BM + 0.5%) 1 | 4.572% (BM + 2.5%) | |
| > 260,000,000 | 2.572% (BM + 0.5%) 1,2 | 4.572% (BM + 2.5%) | |
| CHF | 0 ≤ 90,000 | 1.5% (BM + 1.5%) | 2.5% (BM + 2.5%) |
| 90,000 ≤ 900,000 | 1% (BM + 1%) | 2.5% (BM + 2.5%) | |
| 900,000 ≤ 46,000,000 | 0.75% (BM + 0.75%) | 2.5% (BM + 2.5%) | |
| 46,000,000 ≤ 180,000,000 | 0.75% (BM + 0.5%) 1 | 2.5% (BM + 2.5%) | |
| > 180,000,000 | 0.75% (BM + 0.5%) 1,2 | 2.5% (BM + 2.5%) | |
| CNH | 0 ≤ 700,000 | 5.107% (BM + 4%) | 6.107% (BM + 5%) |
| 700,000 ≤ 7,000,000 | 4.107% (BM + 3%) | 5.107% (BM + 4%) | |
| 7,000,000 ≤ 350,000,000 | 3.607% (BM + 2.5%) | 4.607% (BM + 3.5%) | |
| > 350,000,000 | 3.107% (BM + 2%) 2 | 4.107% (BM + 3%) | |
| CZK | 0 ≤ 400,000,000 | 6.254% (BM + 3%) | 7.254% (BM + 4%) |
| > 400,000,000 | 6.254% (BM + 3%) 2 | 7.254% (BM + 4%) | |
| DKK | 0 ≤ 120,000,000 | 4.495% (BM + 3%) | 5.495% (BM + 4%) |
| > 120,000,000 | 4.495% (BM + 3%) 2 | 5.495% (BM + 4%) | |
| EUR | 0 ≤ 90,000 | 3.396% (BM + 1.5%) | 4.396% (BM + 2.5%) |
| 90,000 ≤ 900,000 | 2.896% (BM + 1%) | 4.396% (BM + 2.5%) | |
| 900,000 ≤ 44,000,000 | 2.646% (BM + 0.75%) | 4.396% (BM + 2.5%) | |
| 44,000,000 ≤ 180,000,000 | 2.396% (BM + 0.5%) 1 | 4.396% (BM + 2.5%) | |
| > 180,000,000 | 2.396% (BM + 0.5%) 1,2 | 4.396% (BM + 2.5%) | |
| GBP | 0 ≤ 80,000 | 5.196% (BM + 1.5%) | 6.196% (BM + 2.5%) |
| 80,000 ≤ 800,000 | 4.696% (BM + 1%) | 6.196% (BM + 2.5%) | |
| 800,000 ≤ 38,000,000 | 4.446% (BM + 0.75%) | 6.196% (BM + 2.5%) | |
| 38,000,000 ≤ 150,000,000 | 4.196% (BM + 0.5%) 1 | 6.196% (BM + 2.5%) | |
| > 150,000,000 | 4.196% (BM + 0.5%) 1,2 | 6.196% (BM + 2.5%) | |
| HKD | 0 ≤ 780,000 | 5.124% (BM + 2.5%) | 6.124% (BM + 3.5%) |
| 780,000 ≤ 7,800,000 | 4.624% (BM + 2%) | 6.124% (BM + 3.5%) | |
| 7,800,000 ≤ 780,000,000 | 4.124% (BM + 1.5%) | 6.124% (BM + 3.5%) | |
| > 780,000,000 | 4.124% (BM + 1.5%) 2 | 6.124% (BM + 3.5%) | |
| HUF | 0 ≤ 4,500,000,000 | 10.25% (BM + 5%) | 11.25% (BM + 6%) |
| > 4,500,000,000 | 10.25% (BM + 5%) 2 | 11.25% (BM + 6%) | |
| ILS | 0 ≤ 80,000,000 | 9.089% (BM + 5%) | 10.089% (BM + 6%) |
| > 80,000,000 | 9.089% (BM + 5%) 2 | 10.089% (BM + 6%) | |
| INR | All | 8.27% (BM + 3%) | 9.27% (BM + 4%) |
| JPY | 0 ≤ 11,000,000 | 2.112% (BM + 1.5%) | 3.112% (BM + 2.5%) |
| 11,000,000 ≤ 114,000,000 | 1.612% (BM + 1%) | 3.112% (BM + 2.5%) | |
| 114,000,000 ≤ 5,700,000,000 | 1.362% (BM + 0.75%) | 3.112% (BM + 2.5%) | |
| 5,700,000,000 ≤ 23,000,000,000 | 1.112% (BM + 0.5%) 1 | 3.112% (BM + 2.5%) | |
| > 23,000,000,000 | 1.112% (BM + 0.5%) 1,2 | 3.112% (BM + 2.5%) | |
| KRW | 0 ≤ 120,000,000 | 4.5% (BM + 2%) | 5.5% (BM + 3%) |
| 120,000,000 ≤ 1,200,000,000 | 4% (BM + 1.5%) | 5.5% (BM + 3%) | |
| 1,200,000,000 ≤ 24,000,000,000 | 3.5% (BM + 1%) | 5.5% (BM + 3%) | |
| > 24,000,000,000 | 3.5% (BM + 1%) 2 | 5.5% (BM + 3%) | |
| MXN | 0 ≤ 2,000,000 | 9.505% (BM + 3%) | 10.505% (BM + 4%) |
| 2,000,000 ≤ 20,000,000 | 8.505% (BM + 2%) | 10.505% (BM + 4%) | |
| 20,000,000 ≤ 2,000,000,000 | 8.005% (BM + 1.5%) | 10.505% (BM + 4%) | |
| > 2,000,000,000 | 8.005% (BM + 1.5%) 2 | 10.505% (BM + 4%) | |
| NOK | 0 ≤ 900,000 | 5.478% (BM + 1.5%) | 6.478% (BM + 2.5%) |
| 900,000 ≤ 9,000,000 | 4.978% (BM + 1%) | 6.478% (BM + 2.5%) | |
| 9,000,000 ≤ 450,000,000 | 4.728% (BM + 0.75%) | 6.478% (BM + 2.5%) | |
| 450,000,000 ≤ 1,800,000,000 | 4.478% (BM + 0.5%) 1 | 6.478% (BM + 2.5%) | |
| > 1,800,000,000 | 4.478% (BM + 0.5%) 1, 2 | 6.478% (BM + 2.5%) | |
| NZD | 0 ≤ 150,000 | 3.582% (BM + 1.5%) | 4.582% (BM + 2.5%) |
| 150,000 ≤ 1,500,000 | 3.082% (BM + 1%) | 4.582% (BM + 2.5%) | |
| 1,500,000 ≤ 150,000,000 | 2.832% (BM + 0.75%) | 4.582% (BM + 2.5%) | |
| > 150,000,000 | 2.832% (BM + 0.75%) 2 | 4.582% (BM + 2.5%) | |
| PLN | 0 ≤ 70,000,000 | 6.699% (BM + 3%) | 7.699% (BM + 4%) |
| > 70,000,000 | 6.699% (BM + 3%) 2 | 7.699% (BM + 4%) | |
| RON | All | 8.296% (BM + 3%) | 9.296% (BM + 4%) |
| RUB* | 0 ≤ 660,000,000 | 19.13% (BM + 5%) | 20.13% (BM + 6%) |
| > 660,000,000 | 19.13% (BM + 5%) 2 | 20.13% (BM + 6%) | |
| SAR | 0 ≤ 350,000 | 6.422% (BM + 2.5%) | 7.422% (BM + 3.5%) |
| 350,000 ≤ 3,500,000 | 5.922% (BM + 2%) | 7.422% (BM + 3.5%) | |
| 3,500,000 ≤ 350,000,000 | 5.422% (BM + 1.5%) | 7.422% (BM + 3.5%) | |
| > 350,000,000 | 5.422% (BM + 1.5%) 2 | 7.422% (BM + 3.5%) | |
| SEK | 0 ≤ 900,000 | 3.066% (BM + 1.5%) | 4.066% (BM + 2.5%) |
| 900,000 ≤ 9,100,000 | 2.566% (BM + 1%) | 4.066% (BM + 2.5%) | |
| 9,100,000 ≤ 454,000,000 | 2.316% (BM + 0.75%) | 4.066% (BM + 2.5%) | |
| 454,000,000 ≤ 1,820,000,000 | 2.066% (BM + 0.5%) 1 | 4.066% (BM + 2.5%) | |
| > 1,820,000,000 | 2.066% (BM + 0.5%) 1,2 | 4.066% (BM + 2.5%) | |
| SGD | 0 ≤ 140,000 | 2.725% (BM + 1.5%) | 3.725% (BM + 2.5%) |
| 140,000 ≤ 1,400,000 | 2.225% (BM + 1%) | 3.725% (BM + 2.5%) | |
| 1,400,000 ≤ 68,000,000 | 1.975% (BM + 0.75%) | 3.725% (BM + 2.5%) | |
| 68,000,000 ≤ 270,000,000 | 1.725% (BM + 0.5%) 1 | 3.725% (BM + 2.5%) | |
| > 270,000,000 | 1.725% (BM + 0.5%) 1, 2 | 3.725% (BM + 2.5%) | |
| TRY | 0 ≤ 250,000,000 | 38.814% (BM + 5%) | 40.814% (BM + 7%) |
| > 250,000,000 | 38.814% (BM + 5%) 2 | 40.814% (BM + 7%) | |
| ZAR | 0 ≤ 1,500,000 | 8.153% (BM + 1.5%) | 9.153% (BM + 2.5%) |
| 1,500,000 ≤ 15,000,000 | 7.653% (BM + 1%) | 9.153% (BM + 2.5%) | |
| 15,000,000 ≤ 1,500,000,000 | 7.403% (BM + 0.75%) | 9.153% (BM + 2.5%) | |
| > 1,500,000,000 | 7.403% (BM + 0.75%) 2 | 9.153% (BM + 2.5%) |
- A minimum floor of 0.75% will be charged on margin loans. Rates subject to change.
- May be subject to a 1% surcharge applied to the spread if financing is not pre-arranged.
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