What happens to my investments when I close my IBKR account?

You must sell all holdings or transfer them to another broker via ACATS (in the US) or an equivalent transfer process before closing. Interactive Brokers supports full account transfers to other brokers if you don't want to sell.

Are there fees for closing an Interactive Brokers account?

IBKR doesn't charge an account closure fee. However, outgoing ACATS transfers cost $35 per transfer. Minimum activity fees may apply if your account hasn't met the monthly minimum — check your fee schedule.

How long does it take to close an Interactive Brokers account?

The closure process can take 2–4 weeks, especially if you need to transfer assets. Fund withdrawals are typically processed within 1–3 business days, but the full account deactivation can take additional time.

How to Cancel Interactive Brokers (2026)

Interactive Brokers plans start from $0.00/month. Follow our 5-step guide to cancel your subscription in about 20 minutes — with tips to avoid retention offers.

Updated: March 2026

from $0.00/month

Medium

Estimated Time:20 minutes

Cancel Method:Website

Log in to Account Management

Go to interactivebrokers.com and log in to Client Portal / Account Management.

Close All Open Positions

Navigate to your portfolio and close all open positions, options, and futures contracts. You cannot close an account with active positions.

Cancel Any Pending Orders

Make sure there are no pending orders. Go to 'Orders' and cancel any open or pending orders.

Withdraw All Funds

Go to 'Transfer & Pay' → 'Transfer Funds' → 'Withdraw Funds' and withdraw your entire cash balance to your bank account.

Submit Account Closure Request

Go to 'Settings' → 'Account Settings' → 'Close Account'. Complete the account closure form and submit. You'll receive a confirmation email from IBKR support.

Retention Tips

Before closing your Interactive Brokers account, consider that IBKR offers some of the lowest commissions in the industry, and you can transfer your entire portfolio to or from IBKR via ACATS rather than selling everything. If cost is a concern, IBKR's IBKR Lite tier has $0 commissions on US stocks and ETFs. Would you like to explore a portfolio transfer or a plan downgrade instead of closing your account?