Paxos will charge a commission on every trade of 18 bps of trade value, subject to a USD 1.75 minimum commission on any executed order. IBKR receives a portion of that commission as a referral fee from Paxos. Above the monthly volume tiers shown above (or for any order charged a commission exceeding 1% of trade value), customers will receive rebates from IBKR of a portion of the referral fee, such that the customer’s effective commission rate will be the lesser of the commission shown above or 1% of the trade value.
