Interactive Brokers’ fee-generating trades jump 17% YoY

abdelaziz Fathi

Interactive Brokers LLC (NASDAQ: IBKR) recorded 2.41 million daily average revenue trades (DARTs) in March 2024, virtually unchanged from the 2.2 million transactions observed in the previous month. This figure was higher by 15 percent year-on-year.

In terms of equity balance in customers’ accounts during March, the figure totaled $465.9 billion, which is 36% higher than the previous year and roughly 4 percent relative to $448.2 billion in the prior month.

Additionally, the ending client margin loan balances stood at $51.2 billion, up 30% from the previous year and 8% higher than February’s $47.4 billion. Interactive Brokers’ client credit balances, including insured bank deposit sweeps, totaled $104.9. This figure is 9% higher than the previous year, and 2% from the prior month.

The number of client accounts continued to grow, reaching 2.75 million, which is 25% higher than the previous year and 2% higher than the previous month. On average, there were 199 annualized cleared DARTs per client account.

The Greenwich, Connecticut-based company also revealed that on average it charged clients commission fees of $2.89 per order in March compared with $3.03 in February. This figure includes exchange, clearing and regulatory fees, with the key product metrics coming out as follows:

  • For stocks, the average order size was 910 shares, with an average commission of $1.87 per order.
  • Equity options saw an average of 6.8 contracts per order, with a commission of $4.02.
  • Futures, including options on futures, averaged 3.2 contracts per order, with a commission of $4.92. Around 56% of the futures commissions are related to exchange, clearing, and regulatory fees.

Interactive Brokers made headlines in late 2023 when it obtained a license to engage in virtual asset trading for retail clients. This development is also part of a larger wave of regulatory approvals in the region, with Hashkey historically being the first crypto exchange in Hong Kong to be licensed for retail crypto asset offerings back in August.

Interactive Brokers already offers low-fee cryptocurrency trading for professional investors in Hong Kong. The firm, one of the largest brokerages in the US, opened an early-access waitlist to eligible clients including individuals with over HKD 8 million in assets or institutions with assets greater than HKD 40 million. They are able to trade and custody Bitcoin (BTC) and Ethereum (ETH) alongside stocks, options, futures, bonds, mutual funds and exchange-traded funds, creating a unified client experience.

Read this next


BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.


BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.


BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.


BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.

Retail FX

True Forex Funds now offers Match-Trader and cTrader platforms

Proprietary trading firm True Forex Funds today announced the launch of Match-Trader, a multi-asset trading platform developed by California-based FX technology provider Match-Trade Technologies.

Retail FX

CySEC hits FXORO parent with €360,000 fine

The Cyprus Securities and Exchange Commission (CySEC) has fined MCA Intelifunds, trading as FXORO, a total of €360,000 for multiple violations of the Cypriot investment laws.  

Digital Assets

Binance’s CZ in good mood ahead of sentencing, says partner

Yi He, co-founder of cryptocurrency giant Binance, has shared a positive outlook on the legal situation of the exchange’s former CEO, Changpeng Zhao. Zhao is currently awaiting a sentencing hearing scheduled for April 30 in the United States.