Interactive Brokers
$0 (Lite) / per-share (Pro) stock commission · fractional shares · 24/5 overnight trading · options
Key capabilities
- Commission
- $0 (Lite) / per-share (Pro)
- Fractional shares
- Yes
- Extended hours
- Yes
- Overnight (24/5)
- Yes
~10,000 eligible · Broadest in industry — effectively all US equities
- Options
- per-contract pricing
- OTC access
- 5/5 full, 0/5 limited
- Penny-stock surcharge
- Per-share pricing applies
- Short locate
- best
OTC market access by tier
OTC Markets organises non-exchange-listed securities into five tiers by disclosure quality. Interactive Brokers’s coverage:
- OTCQXFull
- OTCQBFull
- Pink CurrentFull
- Pink LimitedFull
- Grey MarketFull
Notes
Broadest OTC access including pink/grey/foreign. Best short inventory for small caps.
Frequently asked
- What does Interactive Brokers charge for stock trades?
- $0 (Lite) / per-share (Pro) on stocks, with a per-share pricing applies penny-stock surcharge.
- Does Interactive Brokers offer fractional shares?
- Yes.
- Does Interactive Brokers have 24-hour trading?
- Yes — approximately 10,000 eligible securities (Broadest in industry — effectively all US equities).
- Can I trade penny stocks and OTC names on Interactive Brokers?
- Yes — full access to all five OTC tiers (OTCQX, OTCQB, Pink Current, Pink Limited, Grey).
- What does Interactive Brokers charge for options?
- per-contract pricing per contract.