Yes, Trader Workstation (TWS) is provided free of charge to clients of Interactive Brokers.
Interactive Brokers' powerful trading platform, Trader Workstation (TWS), is made available without a direct cost to all active clients. This means you do not pay a separate subscription fee or usage charge for downloading, installing, or accessing the comprehensive features of the TWS software. It serves as the primary interface for clients to manage their accounts, conduct research, and execute trades across various global markets.
Understanding Related Costs
While the TWS software itself is free, it's crucial to distinguish between the platform's cost and the fees associated with trading activities. Engaging in trading through TWS, like buying or selling stocks, options, or other financial instruments, will incur commissions and other transaction fees as charged by Interactive Brokers. For example, Interactive Brokers charges a minimum fee for US stock trades, particularly when these trades are allocated by Advisors to their clients. These trading-related fees are standard operational costs in brokerage accounts and are separate from the platform's accessibility.
In essence:
- The TWS software: No direct charge for Interactive Brokers clients.
- Trading activities via TWS: Subject to standard brokerage commissions and fees.
