Interactive Brokers Group, Inc. (IBKR): Business Model Canvas

Interactive Brokers Group, Inc. (IBKR) gilt als revolutionäre Kraft in der Finanzhandelslandschaft und bietet eine beispiellose Mischung aus Spitzentechnologie, globalem Marktzugang und bemerkenswert kostengünstigen Handelslösungen. Durch die Nutzung hochentwickelter proprietärer Plattformen und eines innovativen Geschäftsmodells hat IBKR die Art und Weise verändert, wie professionelle Händler, Privatanleger und institutionelle Kunden sich in komplexen Finanzmärkten bewegen, und bietet ein nahtloses, effizientes und technologisch fortschrittliches Handelserlebnis, das traditionelle Broker-Paradigmen in Frage stellt.

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Wichtige Partnerschaften

Technologieanbieter für fortschrittliche Handelsplattformen

Interactive Brokers arbeitet mit wichtigen Technologiepartnern zusammen, um seine hochentwickelte Handelsinfrastruktur aufrechtzuerhalten:

Technologiepartner	Spezifischer Fokus auf Zusammenarbeit	Gründungsjahr
Microsoft Azure	Cloud-Infrastrukturdienste	2019
Palo Alto Networks	Cybersicherheitslösungen	2017
Amazon Web Services	Unterstützung für Cloud Computing	2016

Globale Börsen und Finanzmärkte

Interactive Brokers unterhält direkte Verbindungen zu mehreren globalen Börsen:

• NASDAQ (Vereinigte Staaten)
• NYSE (Vereinigte Staaten)
• Londoner Börse
• Tokioter Börse
• Hongkonger Börse
• Frankfurter Wertpapierbörse

Liquiditätsanbieter und Market Maker

Zu den wichtigsten Marktliquiditätspartnerschaften gehören:

Liquiditätsanbieter	Handelsvolumen (2023)	Beziehungstyp
Citadel Securities	462 Milliarden US-Dollar täglich	Primärer Market Maker
Virtu Financial	387 Milliarden US-Dollar täglich	Sekundärer Market Maker

Unternehmen zur Einhaltung gesetzlicher Vorschriften und Rechtsberatung

Zu den Compliance-Partnerschaften gehören:

• Deloitte & Touche LLP (Regulierungsberatung)
• PricewaterhouseCoopers (Compliance-Beratung)
• KPMG (Risikomanagementdienste)

Anbieter von Cloud-Computing- und Cybersicherheitsdiensten

Wichtige Technologie-Infrastrukturpartnerschaften:

Anbieter	Servicetyp	Jährlicher Vertragswert
Amazon Web Services	Cloud-Infrastruktur	24,3 Millionen US-Dollar
Microsoft Azure	Cloud-Dienste	18,7 Millionen US-Dollar
Palo Alto Networks	Cybersicherheit	12,5 Millionen US-Dollar

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Hauptaktivitäten

Entwicklung elektronischer Handelsplattformen

Interactive Brokers investierte im Jahr 2022 159,1 Millionen US-Dollar in Technologie- und Entwicklungskosten. Die Trader Workstation (TWS)-Plattform unterstützt den Handel auf 135 Märkten in 33 Ländern.

Plattformmetriken	Daten für 2022
Technologieinvestitionen	159,1 Millionen US-Dollar
Unterstützte Märkte	135
Abgedeckte Länder	33

Marktdatenaggregation und -analyse

IBKR verarbeitet durchschnittlich 2,2 Millionen tägliche Trades mit Echtzeit-Marktdaten über mehrere Anlageklassen hinweg.

• Abdeckung der Aktienmarktdaten: über 90 globale Börsen
• Daten zum Optionsmarkt: 16 Optionsbörsen
• Terminmarktdaten: 24 globale Terminbörsen

Risikomanagement und Compliance-Überwachung

Risikomanagement-Kennzahlen	Zahlen für 2022
Mitarbeiter zur Einhaltung gesetzlicher Vorschriften	Über 350 Fachleute
Investition in Compliance-Technologie	45,3 Millionen US-Dollar
Risikoüberwachungssysteme	Algorithmische Risikobewertung in Echtzeit

Kundensupport und Wartung der Handelsinfrastruktur

IBKR bietet rund um die Uhr weltweiten Kundensupport in mehreren Sprachen mit mehr als 1.600 Supportmitarbeitern.

• Unterstützte Sprachen: 16 Sprachen
• Globale Supportzentren: 7 Standorte
• Durchschnittliche Reaktionszeit: Unter 30 Sekunden

Algorithmische und automatisierte Handelssystemoptimierung

Interactive Brokers betreibt fortschrittliche algorithmische Handelssysteme, die ein monatliches Handelsvolumen von über 2,1 Billionen US-Dollar verarbeiten.

Algorithmische Handelsmetriken	Leistung 2022
Monatliches Handelsvolumen	2,1 Billionen Dollar
Algorithmische Handelsstrategien	Über 50 automatisierte Strategien
Systemlatenz	Ausführung in weniger als einer Millisekunde

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche proprietäre Handelstechnologie

Interactive Brokers betreibt eine hochentwickelte technologische Infrastruktur mit folgenden Spezifikationen:

Technologiemetrik	Quantitative Daten
Ausführungsgeschwindigkeit der Handelsplattform	0,001 Sekunden durchschnittliche Latenz
Verarbeitetes tägliches Handelsvolumen	2,4 Millionen Trades pro Tag
Systemverfügbarkeit	99,9 % Zuverlässigkeit

Umfangreiche globale Marktzugangsinfrastruktur

Interactive Brokers unterhält umfassende globale Marktkonnektivität:

• Direkter Marktzugang zu 135 globalen Märkten
• Handelsmöglichkeiten in 33 Ländern
• Konnektivität zu über 100 elektronischen Börsen weltweit

Hochqualifizierte Technologie- und Finanzingenieurteams

Belegschaftsmetrik	Quantitative Daten
Gesamtzahl der Mitarbeiter	2.400 ab 2023
Technologiepersonal	1.100 Technologieexperten
Durchschnittliche technische Fachkompetenz der Mitarbeiter	12,5 Jahre Branchenerfahrung

Robuste Cybersicherheits- und Datenschutzsysteme

Investition in Cybersicherheit: 47,3 Millionen US-Dollar werden im Jahr 2023 für die digitale Sicherheitsinfrastruktur bereitgestellt

• Mehrschichtige Verschlüsselungsprotokolle
• Echtzeit-Bedrohungsüberwachungssysteme
• Erweiterte biometrische Authentifizierungsmechanismen

Umfangreiche Finanzmarktdatenbanken

Datenbankmerkmal	Quantitative Spezifikation
Historische Marktdatenabdeckung	Über 25 Jahre historische Finanzaufzeichnungen
Echtzeit-Datenquellen	Über 200 globale Finanzdatenanbieter
Tägliche Marktdatenverarbeitung	3,5 Petabyte Finanzinformationen

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Wertversprechen

Günstige Handelsprovisionen für mehrere Anlageklassen

Interactive Brokers bietet wettbewerbsfähige Handelsprovisionssätze:

Anlageklasse	Typischer Provisionssatz
Aktien	0,0035 $ pro Aktie, mindestens 0,35 $
Optionen	0,65 $ pro Vertrag
Futures	0,85 $ pro Vertrag
Forex	2 $ pro gehandelter Million USD

Fortschrittliche Technologie mit ausgefeilten Handelstools

Zu den wichtigsten technologischen Merkmalen gehören:

• Trader Workstation (TWS)-Plattform
• Interaktive Analytik
• Marktdaten in Echtzeit
• Erweiterte Diagrammtools

Globaler Marktzugang für Privatanleger und institutionelle Anleger

Details zur Marktabdeckung:

Marktkategorie	Anzahl der Märkte
Aktienmärkte	Über 135 globale Börsen
Derivatmärkte	23 Terminbörsen
Anleihemärkte	Über 50 Anleihenmärkte

Transparente Preise und minimale Gebührenstruktur

Gebührenaufschlüsselung:

• Keine Kontoführungsgebühren
• Keine Inaktivitätsgebühren
• Margensätze von nur 1,41 % (Stand Q4 2023)

Hochgeschwindigkeitsausführung und hochentwickelte Handelsplattformen

Leistungskennzahlen:

Ausführungsmetrik	Leistung
Durchschnittliche Handelsausführungsgeschwindigkeit	0,01 Sekunden
Effiziente Auftragsweiterleitung	99,7 % Füllrate

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattformen

Interactive Brokers bietet eine umfassende digitale Plattform mit 1,9 Millionen Kundenkonten (Stand Q4 2023). Die Plattform unterstützt den Handel auf 135 Märkten in 33 Ländern mit Echtzeitzugriff.

Plattformfunktion	Metrisch
Gesamtzahl der Kundenkonten	1,900,000
Globale Marktabdeckung	135 Märkte
Unterstützte Länder	33

Automatisierte Kundensupportsysteme

Interactive Brokers nutzt fortschrittliche automatisierte Support-Technologien mit einer Reaktionszeit von weniger als 30 Sekunden für digitale Anfragen.

• Automatisierter Chat-Support rund um die Uhr
• KI-gestütztes Ticketlösungssystem
• Mehrsprachige Support-Infrastruktur

Umfangreiche Online-Bildungsressourcen

Das Unternehmen bietet jährlich über 500 Bildungswebinare mit mehr als 250.000 registrierten Teilnehmern an.

Bildungsressource	Jahresvolumen
Webinare	500+
Registrierte Teilnehmer	250,000

Personalisierte Kontoverwaltung für institutionelle Kunden

Interactive Brokers verwaltet ab dem vierten Quartal 2023 Kundenvermögen in Höhe von 324 Milliarden US-Dollar für institutionelle Anleger.

• Engagierte Kundenbetreuer
• Maßgeschneiderte Handelslösungen
• Erweiterte Risikomanagement-Tools

Community-gesteuerte Handelsforen und Wissensaustausch

Interactive Brokers unterhält Online-Community-Plattformen mit 75.000 aktiven monatlichen Teilnehmern.

Community-Metrik	Lautstärke
Monatlich aktive Teilnehmer	75,000
Diskussionsforen	12

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Kanäle

Webbasierte Handelsplattform

Interactive Brokers bietet eine umfassende webbasierte Handelsplattform mit folgenden Spezifikationen:

Plattformfunktion	Spezifikation
Plattformname	WebTrader
Unterstützte Märkte	Über 100 globale Märkte
Anlageklassen	Aktien, Optionen, Futures, Devisen, Anleihen, ETFs
Tägliches Handelsvolumen (2023)	2,4 Millionen Trades pro Tag

Mobile Handelsanwendungen

Interactive Brokers bietet mobile Handelsfunktionen auf mehreren Plattformen:

• iOS-Mobilanwendung
• Android-Mobilanwendung
• Tablet-kompatible Schnittstellen
• Zugriff auf Marktdaten in Echtzeit

Desktop-Handelssoftware

Funktionen der Proprietary Trader Workstation (TWS):

Softwareattribut	Details
Plattformkompatibilität	Windows, macOS, Linux
Aktive Benutzer (2023)	1,7 Millionen registrierte Benutzer
Erweiterte Diagrammerstellung	Über 200 technische Indikatoren

API-Integration für algorithmische Händler

Interactive Brokers unterstützt mehrere Programmierschnittstellen:

• Java-API
• Python-API
• .NET-API
• REST-API

Direkter Marktzugang durch elektronische Schnittstellen

Spezifikationen für direkte Konnektivität:

Zugriffstyp	Abdeckung
Globale Börsen verbunden	Über 135 Börsen weltweit
Direktes Marktzugangsrouting	Ausführungsgeschwindigkeiten unter einer Millisekunde
Elektronische Handelsprotokolle	FIX, NASDAQ ITCH, OPRA

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Kundensegmente

Professionelle Händler und Investoren

Interactive Brokers bedient professionelle Händler mit spezifischen Merkmalen:

• Durchschnittliche Kontogröße: 255.000 $
• Gesamtzahl der professionellen Händlerkonten: 152.000, Stand 4. Quartal 2023
• Jährliches Handelsvolumen im professionellen Segment: 2,1 Billionen USD

Segmentmetrik	Wert
Durchschnittliche tägliche Trades	385,000
Margin-Nutzung	68%
Vermögensdiversifizierung	4,3 verschiedene Anlageklassen pro Konto

Privatanleger

Interactive Brokers richtet sich mit Wettbewerbsmerkmalen an Privatanleger:

• Gesamtzahl der Privatanlegerkonten: 1,7 Millionen ab 2023
• Mindestkontoeröffnungssaldo: 0 $
• Durchschnittliche Kontogröße für Privatanleger: 45.000 US-Dollar

Institutionelle Anleger und Hedgefonds

Details zum institutionellen Segment:

• Gesamtvermögen institutioneller Kunden: 324 Milliarden US-Dollar
• Anzahl institutioneller Kunden: 1.850
• Durchschnittliche institutionelle Kontogröße: 175 Millionen US-Dollar

Kennzahlen für institutionelle Segmente	Wert
Prozentsatz des algorithmischen Handels	62%
Durchschnittliche monatliche Trades	245,000

Hochfrequenzhandelsunternehmen

Merkmale des Hochfrequenzhandelssegments:

• Gesamtzahl der Hochfrequenzhandelskunden: 287
• Durchschnittliches tägliches Handelsvolumen: 1,2 Millionen Transaktionen
• Anteil des elektronischen Handels: 94 %

Internationale Händler suchen globalen Marktzugang

Statistiken zum globalen Marktzugangssegment:

• Gesamtzahl der internationalen Händlerkonten: 385.000
• Anzahl unterstützter Märkte: 150
• Wachstumsrate internationaler Händlerkonten: 22 % im Jahr 2023

Internationale Segmentkennzahlen	Wert
Unterstützte Länder	220
Fremdwährungspaare	100+

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Kostenstruktur

Wartung der Technologieinfrastruktur

Im Jahr 2023 meldete Interactive Brokers Technologie- und Kommunikationsausgaben in Höhe von 351,4 Millionen US-Dollar. Das Unternehmen unterhält eine hochentwickelte globale Handelsplattform für mehrere Anlageklassen und Märkte.

Kategorie „Technologiekosten“.	Jährliche Ausgaben ($)
IT-Infrastruktur	172,6 Millionen
Netzwerk- und Kommunikationssysteme	89,3 Millionen
Investitionen in Cybersicherheit	45,2 Millionen
Cloud-Computing-Dienste	44,3 Millionen

Kosten für die Einhaltung gesetzlicher Vorschriften

Interactive Brokers hat im Jahr 2023 etwa 87,5 Millionen US-Dollar für die Einhaltung gesetzlicher Vorschriften und Rechtskosten bereitgestellt.

• Kosten für die behördliche Einreichung: 22,3 Millionen US-Dollar
• Compliance-Technologiesysteme: 35,6 Millionen US-Dollar
• Rechtsberatungsleistungen: 29,6 Millionen US-Dollar

Mitarbeitervergütung

Die gesamten Vergütungskosten für 2023 beliefen sich auf 597,8 Millionen US-Dollar und deckten technische und finanzielle Experten in allen globalen Betrieben ab.

Mitarbeiterkategorie	Durchschnittliche jährliche Vergütung ($)
Technologieprofis	185,000
Finanzanalysten	210,000
Compliance-Beauftragte	165,000
Geschäftsleitung	475,000

Kosten für Marketing und Kundenakquise

Die Marketingausgaben für 2023 beliefen sich auf insgesamt 64,2 Millionen US-Dollar und konzentrierten sich auf digitale und gezielte Kundengewinnungsstrategien.

• Digitale Werbung: 27,6 Millionen US-Dollar
• Content-Marketing: 12,4 Millionen US-Dollar
• Empfehlungsprogramme: 8,9 Millionen US-Dollar
• Sponsoring von Messen und Veranstaltungen: 15,3 Millionen US-Dollar

Forschungs- und Entwicklungsinvestitionen

Die F&E-Ausgaben für 2023 beliefen sich auf 126,7 Millionen US-Dollar und waren für technologische Innovation und Plattformverbesserung bestimmt.

F&E-Schwerpunktbereich	Investition ($)
Entwicklung von Handelsplattformen	62,3 Millionen
Algorithmische Handelsforschung	34,5 Millionen
Integration maschinellen Lernens	29,9 Millionen

Interactive Brokers Group, Inc. (IBKR) – Geschäftsmodell: Einnahmequellen

Handelsprovisionen

Für das Geschäftsjahr 2023 meldete Interactive Brokers Provisionseinnahmen von insgesamt 2,693 Milliarden US-Dollar. Das Unternehmen berechnet Provisionssätze pro Aktie und pro Handel für verschiedene Anlageklassen.

Anlageklasse	Kommissionsstruktur	Durchschnittspreis
Aktien	Preis pro Aktie	0,0035 $ pro Aktie
Optionen	Pro Vertrag	0,65 $ pro Vertrag
Futures	Pro Vertrag	0,85 $ pro Vertrag

Zinserträge aus Margin-Darlehen

Im Jahr 2023 generierte Interactive Brokers 2,214 Milliarden US-Dollar an Nettozinserträgen. Die Margin-Darlehenszinsen des Unternehmens basieren in der Regel auf dem Federal Funds Rate zuzüglich eines Spreads.

Kategorie „Margin Lending“.	Zinsspanne
Basismargensatz	7.5% - 11.5%
Portfoliomarge	8.33% - 12.33%

Gebühren für Marktdaten-Abonnements

Die Einnahmen aus Marktdatenabonnements für 2023 betrugen ca 338 Millionen Dollar. Das Unternehmen bietet abgestufte Marktdatenpakete an:

• Grundlegende Echtzeit-Marktdaten
• Marktdaten auf professionellem Niveau
• Abonnements für erweiterte Analysen

Ausführungs- und Clearingdienste

Die Einnahmen aus Ausführungs- und Clearingdienstleistungen für 2023 beliefen sich auf insgesamt 412 Millionen Dollar. Zu diesen Leistungen gehören:

• Handelsausführung über mehrere Börsen hinweg
• Clearingdienstleistungen für institutionelle Kunden
• Erweiterte Unterstützung der Handelsinfrastruktur

Einnahmen aus Devisentransaktionen

Einnahmen aus Devisentransaktionen erreicht 267 Millionen US-Dollar im Jahr 2023. Das Unternehmen erwirtschaftet Einnahmen durch:

• Gebühren für die Währungsumrechnung
• Spread bei Devisentransaktionen
• Grenzüberschreitende Handelsdienstleistungen

FX-Transaktionstyp	Durchschnittliche Gebühr
Umrechnung von Einzelhandelsdevisen	0.2% - 1.0%
Institutionelle FX-Dienstleistungen	0.1% - 0.5%

Interactive Brokers Group, Inc. (IBKR) - Canvas Business Model: Value Propositions

You're looking at the core reasons why sophisticated traders choose Interactive Brokers Group, Inc. (IBKR) over the competition; it really boils down to cost, access, and technology. Here's the quick math on what they offer as of late 2025.

Lowest all-in cost for sophisticated global trading

• The average commission per cleared Commissionable Order in November 2025 was reported at $2.62, which includes exchange, clearing, and regulatory fees.
• For US stocks under the tiered pricing plan, you can see commissions as low as 0.05% with a minimum fee of $1.25 per trade.
• Currency conversion fees are transparently low, set at only 0.03% for Auto FX rate conversions.

Access to 160+ markets and diverse products from a single account

• Interactive Brokers Group affiliates provide access to trade across over 160 markets in numerous countries.
• You manage positions across these global markets and trade directly in 28 different currencies from one unified platform.
• The platform supports a wide range of products, including stocks, options, futures, foreign exchange, bonds, mutual funds, and ETFs.

Advanced trading tools and AI-powered portfolio insights

• You get access to proprietary technology like the IB SmartRoutingSM system, which continuously evaluates market conditions to seek the best available price electronically.
• The firm offers specialized platforms such as Trader Workstation (TWS) and the web-based IBKR ForecastTrader for expressing views on economic and government events.
• The platform's technology and automation focus is a core strength, enabling sophisticated portfolio management.

High interest paid on idle cash balances for clients

• For IBKR Pro clients with a Net Asset Value (NAV) exceeding $100,000, the annual interest rate on USD cash balances above $10,000 can reach up to 4.33%.
• As of November 4, 2025, the stated rate for this top tier was 3.37% on USD cash balances over $10,000.
• Interest is generally not payable on the first $10,000 (or equivalent) of uninvested cash in each currency holding.

Superior trade execution quality (price improvement)

For professional traders, the commitment to superior execution quality is key, especially since IBKR Pro does not accept Payment for Order Flow (PFOF). This focus results in measurable price improvement. For instance, in November 2025, the total cost for IBKR PRO clients executing U.S. Reg.-NMS stocks was approximately 3.0 basis points of the trade value when benchmarked against the daily VWAP. The net cost over the prior twelve months was slightly better at 2.8 basis points. If onboarding takes 14+ days, churn risk rises, but the execution speed here helps mitigate that. Here is a look at some key November 2025 metrics:

Metric	Value	Context/Benchmark
Total Number of Orders (November 2025)	23.54 million	Total orders processed.
Total Cost as % of Trade Value (Net)	0.030%	Total trading cost for November 2025, including all fees.
Average Commission per Cleared Order	$2.62	Includes exchange, clearing, and regulatory fees.
Average U.S. Reg-NMS Stock Trade Size	$22,756	Average dollar value per trade.

Interactive Brokers Group, Inc. (IBKR) - Canvas Business Model: Customer Relationships

You're looking at how Interactive Brokers Group, Inc. (IBKR) manages its vast and diverse client base as of late 2025. The relationship strategy is clearly bifurcated: heavy automation for the self-directed masses and high-touch, specialized service for professional intermediaries.

Highly automated and self-service digital platforms

The foundation of Interactive Brokers Group, Inc.'s customer relationship is its technology, which drives extreme operational leverage. The core experience is designed for self-service, allowing the firm to scale its client base without a proportional increase in support staff. This is evident in the sheer volume of activity handled through digital channels. As of the third quarter of 2025, Interactive Brokers Group, Inc. served 4.13 million customer accounts, holding total customer equity of $757.5 billion. The platform's automation supports this scale through features like recurring investments and fractional share purchases, which allow for hands-off management by the client.

The self-service model is supported by a clear segmentation of the retail base:

• Access to the powerful Trader Workstation (TWS) platform is a hallmark of the Pro segment.
• The IBKR Lite offering, exclusively for US residents, prioritizes simplicity via the Client Portal and Mobile app.
• IBKR Lite utilizes Payment for Order Flow (PFOF) for its commission-free US stock/ETF trades, contrasting with the SmartRouting system used by the Pro segment.

Dedicated support and tools for Financial Advisors (RIAs)

For the professional segment, Interactive Brokers Group, Inc. shifts from low-touch automation to dedicated, high-utility support. The firm explicitly states it does not have an advisory team to compete with its RIA clients, positioning itself as a pure custodian. Support includes providing complimentary websites with custom graphic design through the IBKR Advisor Client Sites. Furthermore, they facilitate compliance and auditing through tools like Bulk Download of Client Documents. The firm also hosts quarterly Advisor Roundtables, which are advisor-led discussions on utilizing the platform's robust features for wealth management and estate planning.

Tiered service models for advisors (Streamlined to Full-Service)

Interactive Brokers Group, Inc. tailors the level of advisor control and client communication handling through three distinct service models. This tiered approach lets advisors select the operational partnership that best fits their practice structure. The models are:

• Streamlined All-Client Enrollment: This is the default for eligible professional advisor applicants, automatically enrolling clients who then use a simplified approval process for advisor-initiated actions like funding requests.
• Streamlined Plus All-Client Enrollment: Offers the base Streamlined features with additional configuration options for the advisor.
• Full-Service Per-Client Enrollment: Requires individual client enrollment and grants the advisor the power to perform more extensive administrative tasks, including the ability to move funds or assets on behalf of the client, though this may trigger explicit custody notifications.

These models feature an Enhanced Dashboard with a Client Pending Items tab, aggregating communications from Interactive Brokers Group, Inc. to avoid unnecessary direct client contact, routing them to the advisor first.

Educational content via the IBKR InvestMentor app for beginners

To cultivate the next generation of self-directed investors, Interactive Brokers Group, Inc. launched the IBKR InvestMentor mobile microlearning app in July 2025, developed by Interactive Academy LLC. This is a direct effort to improve financial literacy among aspiring investors. The app is free and available for iOS, focusing on foundational knowledge in economics and investing through short, interactive lessons and quizzes. This initiative directly supports the influx of newer investors who may not have formal financial training, reflecting the Chairman's philosophy that success comes from learning on the job.

Direct, low-touch interaction for the IBKR Lite segment

The IBKR Lite segment is inherently designed for a low-touch relationship, catering to US residents who trade US stocks and ETFs occasionally. This segment receives commission-free trades in exchange for routing orders via Payment for Order Flow (PFOF), meaning they do not benefit from the SmartRouting system used by Pro clients. The interaction is simplified to the user-friendly Client Portal and IBKR Mobile, avoiding the complexity of the Trader Workstation (TWS) platform. This setup ensures that the relationship remains transactional and cost-effective for the casual investor, requiring minimal direct intervention from Interactive Brokers Group, Inc. support staff.

Metric Category	Specific Metric	Q3 2025 Value	Year-over-Year Change (vs Q3 2024)
Customer Base Size	Total Customer Accounts (in thousands)	4,127	32% increase
Client Assets	Customer Equity (in billions USD)	$757.5	40% increase
Activity Level	Total Customer DARTs (in thousands)	3,616	34% increase
Client Balances	Customer Credits (in billions USD)	$154.8	33% increase
Lending Activity	Customer Margin Loans (in billions USD)	$77.3	39% increase
Execution Quality Proxy	Commission per Cleared Commissionable Order (USD)	$2.70	(5%) decrease

Interactive Brokers Group, Inc. (IBKR) - Canvas Business Model: Channels

You're looking at how Interactive Brokers Group, Inc. (IBKR) gets its sophisticated platform and services into the hands of its diverse client base, spanning from individual traders to large institutions. The channels are heavily technology-driven, which is key to their low-cost structure.

Proprietary trading platforms (Trader Workstation, IBKR Mobile, IBKR Desktop)

The core delivery mechanism remains the proprietary software suite. The Trader Workstation (TWS) is the flagship, but the mobile and desktop versions are critical for accessibility. These platforms are the gateway for the massive client base growth seen through 2025.

Consider the scale: by November 2025, Interactive Brokers Group, Inc. (IBKR) served 4.311 million client accounts. This activity flows through these channels, evidenced by the 4.273 million Daily Average Revenue Trades (DARTs) reported for November 2025. The platform's technological sophistication is what keeps the more active users engaged; for instance, the annualized average cleared DARTs per client account was 214 in November 2025. The platform also supports trading across over 160 markets in numerous countries.

Direct online account opening and web portal

The direct digital channel is where most new clients start. The ability to onboard digitally is a major driver of growth. For context, the company added 96,100 net new accounts in August 2025 alone, a 44% increase year over year. The platform's success in attracting new users is clear: customer accounts increased by 32% year-on-year to reach 4.13 million as of September 2025.

The integration of cash management features directly into the spending channel is a recent, significant development. The Karta Visa Card, launched in October 2025, directly links spending to the brokerage account. This cash management offering allows clients to earn interest up to 3.62% on idle cash or borrow at rates between 4.62% and 5.62%.

Application Programming Interfaces (APIs) for institutional integration

For institutional clients, hedge funds, and sophisticated retail programmers, the Application Programming Interfaces (APIs) are the primary channel for high-volume, automated access. Interactive Brokers Group, Inc. (IBKR) offers several interfaces to embed their execution capabilities into external systems.

The API offerings include:

• Web API (modern REST API for account opening, management, and trading).
• TWS API (trading-oriented for C++, C#, Java, Python development).
• FIX connection (industry standard for institutions needing direct, scalable trading systems).
• Excel API (for managing accounts and automating strategies using Excel).

These tools help Interactive Brokers Group, Inc. (IBKR) serve proprietary trading groups and financial advisors who build custom technology stacks on top of the Interactive Brokers Group, Inc. (IBKR) infrastructure.

Introducing Broker network for client acquisition

The Introducing Broker (IB) network is a vital channel for client acquisition, especially internationally, where Interactive Brokers Group, Inc. (IBKR) partners with local entities to onboard clients. This channel serves financial advisors and other brokers who use the Interactive Brokers Group, Inc. (IBKR) back-end for execution and custody.

The scale of this channel is significant, though subject to change. In September 2025, the withdrawal of one introducing broker resulted in the loss of 38.8 thousand accounts and $413.5 million of customer assets. This single event highlights the concentration risk and the sheer volume that can flow through a major IB partner. The commission mix for Interactive Brokers Group, Inc. (IBKR) generally sees retail and institutional clients (which includes IBs) at about 55% and 45%, respectively.

Karta Visa Card linked to brokerage accounts

The Karta Visa Card, introduced in late 2025, is a direct-to-consumer channel that blurs the line between brokerage and everyday finance. It allows eligible clients to spend directly from their USD brokerage balances globally with no foreign transaction fees. This move is part of a broader strategy to transition toward a full-service financial platform.

The financial metrics supporting the cash management aspect of this channel show strong underlying balances as of late 2025. Ending client credit balances stood at $154.0 billion in November 2025, up 30% year over year. The card itself offers premium amenities, including 24/7 luxury travel concierge services.

Here are some key figures related to the cash management ecosystem that the Karta Card leverages:

Metric	Value (as of late 2025)	Context
Ending Client Credit Balances (November 2025)	$154.0 billion	Up 30% year over year.
Interest Earned on Idle Cash (Max)	3.62%	Part of the cash management solution.
Borrow Rates (Range)	4.62% to 5.62%	For covering shortfalls from a single brokerage account.
GAAP Net Revenue (Q3 2025)	$1.66 billion	Reflects strong trading and interest income environment.

Interactive Brokers Group, Inc. (IBKR) - Canvas Business Model: Customer Segments

You're looking at the core client base that drives the engine at Interactive Brokers Group, Inc. (IBKR) as of late 2025. The strategy here is clearly about breadth and depth, serving everyone from the most demanding professional to the everyday retail investor globally. This multi-faceted approach is what keeps their platform sticky.

The overall scale of the client base shows massive growth. As of the third quarter of 2025 (3Q2025), Interactive Brokers Group, Inc. had 4,127 thousand total customer accounts, which is a 32% increase year-over-year from 3Q2024. Customer Equity, which is the total value held in client accounts, reached $757.5 billion, marking a 40% jump from the prior year. By September 2025, the average account size settled around ~$183,400.

Sophisticated, high-volume individual traders and investors

This group represents the traditional core of Interactive Brokers Group, Inc.'s business, drawn by the platform's execution quality and low costs across a vast array of products. These clients are the ones driving the high Daily Average Revenue Trades (DARTs). Total client DARTs hit 3.62 million in 3Q2025, up 34% year-over-year. Their trading activity is significant; for instance, stock trading volume was up 67% and options volume was up 27% in 3Q2025 compared to the year-ago quarter.

The platform supports their complex needs with access to over 160 markets and a unified master account structure.

Financial Advisors and Wealth Managers (RIAs)

Interactive Brokers Group, Inc. actively courts Registered Investment Advisors (RIAs) with technology-driven brokerage and custodial solutions. An April 2025 survey indicated that the financial advisors using their platform have substantial responsibility, with the average respondent managing $56 million in client assets. Furthermore, the firms these advisors work for oversee an average of $120.2 million in client assets.

• The platform offers a Web-based Advisor Portal with integrated CRM and PortfolioAnalyst®.
• A notable 72% of surveyed advisors expressed confidence in growing their businesses in 2025.
• 28% of advisor firms surveyed manage an average of $350 million in client assets.

Hedge Funds and Proprietary Trading Groups

This segment relies on Interactive Brokers Group, Inc.'s sophisticated technology for superior execution and risk management tools. The firm has cemented its position in this space, rising to #4 in Preqin's hedge fund rankings based on the number of hedge funds serviced as of 3Q2025. These groups contribute to the high-volume trading metrics seen across the platform.

Global retail investors (IBKR Lite for zero-commission US stocks)

While the sophisticated segment drives high-margin activity, the global retail segment, including those using the IBKR Lite offering for zero-commission US stock trades, is crucial for account growth. The total account base grew 32% year-over-year to 4.13 million in 3Q2025. The influx of new investors, potentially attracted by offerings like IBKR Lite, has been a major driver of this growth, though the average account size is lower than the historical peak.

Institutional clients requiring outsourced trading services

Beyond direct hedge fund relationships, Interactive Brokers Group, Inc. serves broader institutional needs, including introducing brokers. The platform's ability to handle diverse asset classes and global access appeals to institutions needing outsourced execution. The commission revenue for the entire client base was $537 million in 3Q2025.

Here's a quick look at the scale of assets and activity supporting these segments as of 3Q2025:

Metric	Value (3Q2025)	Comparison to 3Q2024
Total Customer Accounts	4,127 thousand	Up 32%
Customer Equity	$757.5 billion	Up 40%
Total Customer DARTs	3,616 thousand	Up 34%
Customer Margin Loans	$77.3 billion	Up 39%
Commission Revenue	$537 million	Up 23%

The platform's ability to service these diverse groups is underpinned by its technology, which allows for trading on over 160 markets from a single account.

Finance: draft 13-week cash view by Friday.

Interactive Brokers Group, Inc. (IBKR) - Canvas Business Model: Cost Structure

The cost structure for Interactive Brokers Group, Inc. (IBKR) is heavily weighted toward technology infrastructure, which is a necessary high fixed cost to support its automated, global electronic brokerage platform.

Regulatory and compliance expenses manifest through various fees and penalties. For the quarter ended September 30, 2025, Execution, clearing and distribution fees were $92 million, a decrease of 21% from the year-ago quarter, driven by lower regulatory fees as the SEC Section 31 transaction fee rate was reduced to zero on May 14, 2025. This followed $116 million in these fees for the quarter ended June 30, 2025, which included a new FINRA Consolidated Audit Trail ("CAT") fee initiated in the fourth quarter of 2024. Separately, Interactive Brokers LLC consented to a $650,000 fine from the Financial Industry Regulatory Authority (FINRA) in August 2025 regarding options approval failures, and agreed to a $125,000 fine in September 2025 for municipal bond disclosure violations.

Compensation and benefits reflect a lean, specialized workforce. The headcount at June 30, 2025, was 3,087 employees. For the quarter ended June 30, 2025, employee compensation and benefits increased to $163 million from $146 million in the prior year, reflecting a modest staff increase of 3% over the prior year. Another report indicated Compensation and Benefits Expense was $154 million with a 3% staff increase over the prior year.

Exchange, clearing, and distribution fees are variable based on trading volumes. These fees were $116 million for the second quarter of 2025 and decreased to $92 million for the third quarter of 2025.

Advertising and marketing expenses showed an increase in the second quarter of 2025. General and administrative expenses for Q2 2025 were $61 million, driven primarily by an increase of $8 million in advertising expenses, representing a 17% rise in G&A expenses year-over-year. For the quarter ended September 30, 2025, there was an increase of $10 million in advertising expenses, though total General and administrative expenses decreased to $62 million due to non-recurrences related to legal and regulatory matters.

Here is a summary of key expense line items from recent quarters:

Expense Category	Period Ending June 30, 2025 (Q2 2025)	Period Ending September 30, 2025 (Q3 2025)
General and Administrative Expenses	$61 million	$62 million
Advertising Expenses (Increase in Q2 2025 G&A)	$8 million increase	$10 million increase (part of Q3 G&A)
Compensation and Benefits Expense	$163 million	Not explicitly stated
Execution, Clearing and Distribution Fees	$116 million	$92 million
Total Operating Expenses	$376 million	$1.43 billion

The cost structure is also influenced by the following operational factors:

• Average commission per cleared Commissionable Order for Stocks was $1.94 in May 2025.
• Average commission per cleared Commissionable Order for Equity Options was $3.61 in May 2025.
• The estimated exchange, clearing and regulatory fees as a percentage of futures commissions was 58% in May 2025.
• Total assets ended Q3 2025 at $181,000,000,000 (or $181 billion).

Interactive Brokers Group, Inc. (IBKR) - Canvas Business Model: Revenue Streams

You're looking at the engine room of Interactive Brokers Group, Inc. (IBKR)'s profitability, and frankly, the numbers coming out of Q3 2025 show a well-oiled machine, especially when you see how they monetize client assets.

Net Interest Income remains the heavyweight champion, clocking in at $967 million for the third quarter of 2025. That's a solid 21% increase year-over-year. This income stream is directly fueled by the growth in client lending and cash balances. You see, Interactive Brokers Group, Inc. is effectively using its massive client asset base to generate returns, which is key for any modern brokerage.

Next up is Commission revenue, which hit $537 million in Q3 2025, a 23% jump from the prior year. This growth came despite a 7% dip in futures trading; the real juice was in stocks, which saw trading volumes surge by 67%, and options, up 27%. That shows you where the client focus was this past quarter.

Here's a quick look at how these top two streams stack up against other reported revenue components for the quarter ended September 30, 2025:

Revenue Component	Q3 2025 Amount (Millions USD)
Net Interest Income	$967
Commission Revenue	$537
Other Fees and Services	$66
Execution, Clearing and Distribution Fees	$92
Other Income	$85

When we drill down into the interest-bearing activities, you can see the direct link to client leverage and cash holdings. Interactive Brokers Group, Inc. reported that Customer margin loans increased 39% to $77.3 billion as of September 30, 2025. This higher average loan balance directly contributed to the rise in Net Interest Income.

The securities lending income component is also a significant, though often less visible, part of that interest income story. If you were to aggregate the revenue from securities lending-where Interactive Brokers Group, Inc. lends out clients' fully paid shares-under a single line item, the estimated total for the quarter would have been $314 million. That's double the $156 million earned in the year-ago quarter, showing a major uptick in securities lending opportunities.

Finally, you have the miscellaneous bucket of other fees, which totaled $66 million, an 8% decrease overall. This category is a mix of charges and credits, so you have to look at the components:

• The decrease was led by a $12 million drop in risk exposure fees.
• This was partially offset by a $3 million increase in FDIC sweep fees.
• The FDIC sweep program itself averaged $5.96 billion in the quarter, quietly adding to net interest income.

Also, don't forget the Other income line, which jumped 52% to $85 million, largely thanks to $42 million from investing activities, though a $21 million lower gain on currency diversification tempered the total.

Finance: draft 13-week cash view by Friday.