NewWelcome to the QuantWheel Marketplace, the one place for anything options trading.Visit The Marketplace
QuantWheel
Try Demo

BrokerSync-only with QuantWheel

Interactive Brokers review

Founded 1977 (market maker); brokerage 1993HQ Greenwich, Connecticut, USAPlatforms Web, Desktop, Mobile, API

Connect Interactive Brokers

QuantWheel

Sync-only with QuantWheel

Direct integration. QuantWheel reads your positions and trades at Interactive Brokers and gives you personalized suggestions.

Fee per contract
$0.65 per contract
to open a contract
Exercise and assignment
Free
no fee per event
Approval
Naked
up to naked short options
Margin rate
5.38%
on a $50,000 balance
Countries
Over 200 countries and territories (IBKR group)
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE
  • Index options (SPX)
  • Options on futures
  • Spreads in an IRA
  • Portfolio margin
  • Paper trading
  • 24/7 support, not offered

PlatformsWeb, Desktop, Mobile, API

Cost to open

Per-contract fee only

One cash-secured put1 contract
$0.65
Ten-lot iron condor40 contracts
$26
Twenty covered calls20 contracts
$13
One turn of the wheelput assigned, call exercised, 2 contracts
$1.30

Exchange fees and per-order minimums are extra where the fee schedule has them.

What Interactive Brokers costs for the way you trade

A year of fees from Interactive Brokers's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
Interactive Brokers standard price$1.45 a trade, 1.4% of your premium
$157 a year
Among 21 brokers open to residents of the United StatesLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
15th

Not counted because Interactive Brokers does not publish them: options regulatory fee varies by exchange (not published as one amount).

Compare every broker for this pattern

QuantWheel

Sync-only with QuantWheel

Direct integration. QuantWheel reads your positions and trades at Interactive Brokers and gives you personalized suggestions.

Connect Interactive Brokers

Fees explained

What each line of the fee schedule means for an options order

Interactive Brokers

$0.65 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $26 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

No fee per event. An assigned put or an exercised call costs nothing beyond the per-contract fee. Cost to open

The options agreement approves up to naked short options in a margin account. Spreads are allowed in an IRA. Portfolio margin is offered.

Offered.

What changed at Interactive Brokers

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

Interactive Brokers

Yes, it is Sync-only. QuantWheel syncs the account's positions and trades and suggests trades and rolls. Connect Interactive Brokers

$0.65 per contract, and no fee per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE

Over 200 countries and territories (IBKR group), according to Interactive Brokers' own pages. Check with Interactive Brokers before you open an account. Brokers by country

Facts from Interactive Brokers' own fee schedule and options agreement, checked 8 October 2026.