Interactive Brokers Withdrawal Fee: The Monthly Free Allowance
Interactive Brokers allows one free withdrawal per calendar month, with charges applying to any withdrawal beyond that (as of August 2026). The structure rewards consolidating withdrawals into a single monthly transfer rather than taking money out piecemeal.
Reviewed by Yaniv Barshaf, CPA · Fees verified August 2026 · Our methodology
Disclosure: FeesWizard may earn a commission if you open an account through links on this page. This never affects our fee data or rankings — how we make money.
How the monthly allowance works
The allowance resets on a calendar-month basis, so a withdrawal taken on the 30th and another on the 1st are counted in different months and both fall inside their respective free allowances. Within a single month, the first withdrawal is free and subsequent ones are charged. The practical consequence is a planning one rather than a cost one: if you can predict roughly what you need, taking it in one transfer per month keeps withdrawals free indefinitely. Investors who withdraw irregularly and in small amounts are the group who end up paying, and the fix is simply to batch.
IBKR's real cost advantage is elsewhere
Withdrawal charges are a rounding error next to Interactive Brokers' headline strength, which is currency conversion at 0.03% with a $2 minimum per conversion — the lowest rate of any broker in this comparison by a wide margin. To put that in context, Trading 212 charges 0.15%, DEGIRO 0.25%, Revolut 0.5%, eToro around 0.75% and Freetrade 0.99% on its Basic plan. For anyone regularly converting currency, that gap will outweigh every withdrawal fee in this article combined. Commission is tiered by market: UK shares 0.05% of trade value with a £3 minimum, European shares 0.05% with a €3 minimum, US shares from $0.005 per share with a $1 minimum on Fixed pricing. There is no percentage platform or custody fee.
How the withdrawal structure compares
A monthly free allowance is an unusual model in this market. Most brokers either charge nothing on every withdrawal — Trading 212, Capital.com, DEGIRO, Revolut, AvaTrade and Plus500 — or charge on a specific route: eToro $5 per USD-account withdrawal with a $30 minimum, Webull $25 for a wire and $75 to transfer out, Robinhood 1.75% for instant and $100 to transfer out, Freetrade £5 for same-day. IBKR is the only one that meters by frequency. For a long-term investor withdrawing occasionally it is effectively free; for someone drawing income in small regular amounts it is worth restructuring how you take it (as of August 2026).
The bottom line
IBKR meters withdrawals by frequency rather than charging every time, so batching keeps them free. Choose it for the 0.03% currency conversion, which is the lowest in this comparison and dwarfs any withdrawal cost.
Interactive Brokers
The cheapest FX and the widest market access, for confident investors
Visit the Interactive Brokers website →We earn no commission from Interactive Brokers. It is listed here because a fee comparison that leaves out the market leaders is not a fee comparison.
Frequently Asked Questions
How many free withdrawals do I get with Interactive Brokers?
One per calendar month. Withdrawals beyond the first in a given month attract a charge (as of August 2026).
How do I avoid Interactive Brokers withdrawal fees?
Consolidate into a single withdrawal per calendar month. The allowance resets monthly, so batching what you need keeps withdrawals free.
Does Interactive Brokers charge an inactivity fee?
No. The inactivity fee was removed from the standard account in 2021 (as of August 2026).