Broker Margin Rates Compared
Representative margin interest rates across major brokers, side by side. Margin lets you borrow against your portfolio — the rate is what that loan costs you per year.
Reviewed June 2026. Rates are tiered by balance and change often — these are representative figures for a mid-size balance. Always verify the current rate with your broker.
| Broker | Representative APR | Notes | Live sync |
|---|---|---|---|
| Robinhood | ~5.00% | Among the lowest; requires Robinhood Gold. ~5% up to $50k, variable to the Fed Funds upper bound; first $1k of margin included with Gold. | Yes |
| Interactive Brokers | ~5.83% | Tiered; benchmark (Fed Funds effective) + ~1.5% under $100k, lower spreads on large balances. YieldLens syncs positions only. | CSV |
| Webull | ~6.49% | Tiered (~6.99% under $25k). YieldLens reads balance only — no dividend transactions. | CSV |
| Public | ~6.60% | Formula tied to the Fed Funds upper bound; competitive for Premium members. Verify current schedule. | Yes |
| tastytrade | ~6.96% | Tiered; ~6.96% under $100k, ~6.46% above. Competitive for active options/income traders. | Yes |
| Charles Schwab | ~8.08% | Tiered base-rate schedule (~9.575% under $25k). Negotiable for large balances. | CSV |
| Fidelity | ~8.58% | Tiered (~10.075% under $25k, ~7.5% above $1M). Negotiable for large balances. | Yes |
| E*Trade / Morgan Stanley | ~9.70% | Tiered base-rate schedule (~10.70% under $25k, ~7.70% at $500k+). | Yes |
| Vanguard | ~12.00% | Base ~11%; tiered roughly 10.25–13.5%. Built for long-term investors, not active margin use. | CSV |
| Chase (J.P. Morgan) | ~12.00% | Starts ~12.25% under $25k; Prime/SOFR based. Higher end of the range. | Yes |
Not financial advice. Figures are representative published rates for a mid-size debit balance and are for high-level comparison only. Actual rates depend on your balance, broker, and current schedule. Verify before borrowing.
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