If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more.

Margin Reference Benchmark Rates

Margin Trading

Reference Benchmark Rates


IBKR's benchmark for each currency is the reference rate around which our credit, debit, stock loan and other interest rate linked calculations are determined. IBKR uses a combination of internationally recognized reference rates (such as Fed Funds), bank deposit rates, and dynamic interbank rates determined from foreign exchange and money markets to calculate an IBKR Reference Benchmark rate.

For more information about IBKR Reference Benchmark, visit the IBKR Knowledge Base.

For information regarding the various external reference rates that contribute to the IBKR Reference Benchmark rate see Benchmark Interest Calculation Reference Rate Descriptions.


CurrencyDescription for Effective Date 20240522 Rate Effective Date
USD
Reference Benchmark USD
5.330%
20240522
AED
Reference Benchmark AED
5.166%
20240522
AUD
Reference Benchmark AUD
4.248%
20240522
BGN
Reference Benchmark BGN
3.780%
20240522
BRL
Reference Benchmark BRL
10.400%
20240522
CAD
Reference Benchmark CAD
4.859%
20240522
CHF
Reference Benchmark CHF
1.359%
20240522
CNH
Reference Benchmark CNH
2.217%
20240522
CZK
Reference Benchmark CZK
5.124%
20240522
DKK
Reference Benchmark DKK
3.492%
20240522
EUR
Reference Benchmark EUR
3.911%
20240522
GBP
Reference Benchmark GBP
5.158%
20240522
HKD
Reference Benchmark HKD
4.146%
20240522
HUF
Reference Benchmark HUF
7.027%
20240522
ILS
Reference Benchmark ILS
4.191%
20240522
INR
Reference Benchmark INR
6.850%
20240522
JPY
Reference Benchmark JPY
(0.045)%
20240522
KRW
Reference Benchmark KRW
3.500%
20240522
MXN
Reference Benchmark MXN
11.224%
20240522
NOK
Reference Benchmark NOK
4.380%
20240522
NZD
Reference Benchmark NZD
5.431%
20240522
PLN
Reference Benchmark PLN
5.725%
20240522
RON
Reference Benchmark RON
5.757%
20240522
RUB
Reference Benchmark RUB
15.850%
20240522
SAR
Reference Benchmark SAR
5.878%
20240522
SEK
Reference Benchmark SEK
3.560%
20240522
SGD
Reference Benchmark SGD
3.670%
20240522
TRY
Reference Benchmark TRY
34.845%
20240522
ZAR
Reference Benchmark ZAR
8.115%
20240522
Prior Period Benchmark Rates

IBKR accrues interest daily and posts actual interest monthly on the third business day of the following month. For detailed examples on how we calculate interest, open the Interest Paid to You and Interest Rates Charged to You on Margin Loan Balances sections on this page.


Futures trading at IBKR

Start trading like a professional today!