Interactive Brokers (IBKR) posted strong March metrics with daily trading volume up and client numbers growing sharply. The brokerage saw a 44% year-over-year rise in Daily Average Revenue Trades (DARTs), totaling 3.471 million for the month. Despite a 4% dip from February, trading activity remains high.
Client Account Growth Continues
IBKR ended March with 3.62 million client accounts, up 32% year-over-year. The firm added 87,700 new accounts in the month, though 13,300 were escheated to authorities, lowering net growth to 74,400.
Customer Assets and Balances Stay Strong
- Total client equity: $573.5 billion (+23% YoY)
- Margin loan balances: $63.7 billion (+24% YoY)
- Credit balances: $125.2 billion (+19% YoY)
These figures stayed mostly stable month-over-month, reflecting continued investor activity.
Breakdown of Commissions and Fees
Interactive Brokers reported an average commission of $2.85 per cleared order, including all fees. Here’s the product-specific breakdown:
- Stock trades: $2.17
- Equity options: $3.89
- Futures: $3.90
Futures trading costs included 57% in exchange, clearing, and regulatory fees. IBKR PRO clients saw an average execution cost of 3.3 basis points for U.S. Reg-NMS stock trades.
Interactive Brokers Expands Crypto Offerings
In March, IBKR added four new cryptocurrencies to its trading platform:
- Solana (SOL)
- Cardano (ADA)
- Ripple (XRP)
- Dogecoin (DOGE)
IBKR clients can now trade eight cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Access depends on provider: Zero Hash LLC supports most tokens, and Paxos Trust Company also supports SOL.
Q1 Financial Updates
- U.S. government securities portfolio saw a $462,000 gain
- GLOBAL metric rose 0.61% in March and 0.75% for the quarter
These updates highlight Interactive Brokers’ steady performance across both traditional and digital markets.
