Interactive Brokers (IB) offers competitive margin rates, which vary based on the account type (IBKR Pro or IBKR Lite) and the amount borrowed. Here are the current rates for USD accounts:
IBKR Pro:
- Up to $100,000: Benchmark rate (BM) + 1.5% (approximately 6.33%)
- $100,000 to $1,000,000: BM + 1.0% (approximately 5.83%)
- $1,000,000 to $50,000,000: BM + 0.75% (approximately 5.58%)
- Over $50,000,000: BM + 0.5% (approximately 5.33%)
IBKR Lite:
- All amounts: BM + 2.5% (approximately 7.33%)