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Check out this detailed review of Interactive Brokers, as we analyze this innovative platform to uncover its features, benefits, and potential drawbacks. Explore a complete, in-depth review of Interactive Brokers' brokerage charges, account opening charges, profits, debts, balance sheets, and past performances.
Background
| Year of Incorporation | 1977 |
| Website | https://www.interactivebrokers.co.in/en/home.php |
| Phone | +91 22-61289888 |
| Exchanges enabled | NSE (plus over 100 market centers across 24 countries). |
| Demat (NSDL/CDSL) | NSDL |
Brokerage
| Equity | 0.05% per Executed Order |
| Equity Futures | 0.01% per Executed Order |
| Equity Options | Rs 25 per lot per |
| Currency Futures | 0.01% per Executed Order |
| Currency Options | 0.01% per Executed Order |
| Commodity | Rs 50 per lot per |
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Account Opening Costs
| Trading only | Rs 0 |
| Trading & Demat | Rs 400 |
| Commodity | Not Available |
Transparency & other costs
Double check on if you are paying much higher other/turnover costs, make sure to compare
| Equity | 0.00325% |
| Futures | 0.0019 % |
| Options | 0.05% |
| Commodities | Not available |
| AMC charge | NIL |
| DP Transaction Charge | NIL |
| Offline order placing Charge | Rs 1500 per order |
Platforms
| Software |
|
| Web/HTML 5 |
|
| Mobile |
|
Charting
| Intraday | 22 Days |
| End of Day | 1 Year |
| Coding/Backtesting |
|
Reporting
| Online Trade Reports |
|
| Online PNL Reports |
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| Online Contract Notes |
|
Margins
Leverage Provided
| Equity | 2x intraday and overnight leverage |
| Equity Futures | Upto 2x for Intraday |
| Equity Options | Buying 0 & Shorting upto 2x for Intraday |
| Currency Futures | Upto 2x for Intraday |
| Currency Options | Buying 0 & Shorting upto 2x for Intraday |
| Commodity | Not Available |
Support & Tools
| Research & Tips |
|
| Brokerage Calculator |
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| Margin Calculator |
|
| Bracket orders & Trailing Stoploss |
|
| Training & Education |
|
Convenience
| 3 in 1 Account |
|
| Instant Fund withdrawal |
|
| Relationship Managers |
|
Financial Health
Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.
| Profit after Tax FY11/12 | Rs 104.1 Crores |
| Profit after Tax FY12/13 | Rs 63.01 Crores |
| Profit after Tax FY13/14 | Rs 64.75 Crores |
| Profit after Tax FY 14/15 | Rs 74.30 Crores |
| Profit after Tax FY 15/16 | Rs 89.41 Crores |
| Profit after Tax FY 16/17 | Rs 79.38 Crores |
| Profit after Tax FY 17/18 | Rs 79.67 Crores |
| Profit after Tax FY 18/19 | Rs 93.62 Crores |
| Profit after Tax FY 19/20 | Rs 89.06 Crores |
| Profit after Tax FY 20/21 | Rs 99.53 Crores |
| Profit after Tax FY 21/22 | Rs 85.24 Crores |
| Profit after Tax FY 22/23 | Rs 78.27 Crores |
| Debt FY11/12 | Rs 17.67 Crores |
| Debt FY12/13 | Rs 13.43 Crores |
| Debt FY13/14 | Rs 21.88 Crores |
| Debt FY14/15 | Rs 21.05 Crores |
| Debt FY15/16 | Rs 23.05 Crores |
| Debt FY16/17 | Rs 22.53 Crores |
| Debt FY17/18 | Rs 22.09 Crores |
| Debt FY18/19 | Rs 23.67 Crores |
| Debt FY19/20 | Rs 21.41 Crores |
| Debt FY20/21 | Rs 24.02 Crores |
| Debt FY21/22 | Rs 27.09 Crores |
| Debt FY22/23 | Rs 21.78 Crores |
| Profit to Equity(%) FY11/12 | 14.94 |
| Profit to Equity(%) FY12/13 | 7.29 |
| Profit to Equity(%) FY13/14 | 9.71 |
| Profit to Equity(%) FY14/15 | 9.01 |
| Profit to Equity(%) FY15/16 | 9.64 |
| Profit to Equity(%) FY16/17 | 10.04 |
| Profit to Equity(%) FY17/18 | 10.14 |
| Profit to Equity(%) FY18/19 | 11.34 |
| Profit to Equity(%) FY19/20 | 13.24 |
| Profit to Equity(%) FY20/21 | 12.52 |
| Profit to Equity(%) FY21/22 | 17.85 |
| Profit to Equity(%) FY22/23 | 14.56 |
| Balance Sheet Size FY11/12 | Rs 908 Crores |
| Balance Sheet Size FY12/13 | Rs 977 Crores |
| Balance Sheet Size FY13/14 | Rs 990.08 Crores |
| Balance Sheet Size FY14/15 | Rs 968.51 Crores |
| Balance Sheet Size FY15/16 | Rs 1071.18 Crores |
| Balance Sheet Size FY16/17 | Rs 1098.72 Crores |
| Balance Sheet Size FY17/18 | Rs 1110.91 Crores |
| Balance Sheet Size FY18/19 | Rs 1095.94 Crores |
| Balance Sheet Size FY19/20 | Rs 1369.20 Crores |
| Balance Sheet Size FY20/21 | Rs 1391.66 Crores |
| Balance Sheet Size FY21/22 | Rs 1293.62 Crores |
| Balance Sheet Size FY22/23 | Rs 1627.43 Crores |
Frequently Asked Questions
what is the equity intraday brokerage charge of Interactive Brokers ?
The equity intraday brokerage charge for Interactive Brokers depends on their fee structure. Please refer to Interactive Brokers's official website or contact their customer support for the most accurate and up-to-date information.
What is delivery brokerage charge of Interactive Brokers ?
Interactive Brokers charges a brokerage fee for equity delivery trades. Check the latest rates on Interactive Brokers's official website or get in touch with their customer support for detailed information.
what is the options brokerage charge of Interactive Brokers ?
The options brokerage charge with Interactive Brokers varies based on their pricing model. For the latest and specific details, visit Interactive Brokers's official website or contact their customer service.
What is dp charge of Interactive Brokers ?
Interactive Brokers may apply a Depository Participant (DP) charge. To know the exact DP charges, please check the fees section on Interactive Brokers's official website or reach out to their customer support.
Does this Interactive Brokers charges fixed brokerage ?
Interactive Brokers may or may not have a fixed brokerage structure. For accurate and detailed information on brokerage charges, visit Interactive Brokers's official website or contact their customer service.
Reviews on: Interactive Brokers