If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more.

Commissions

North America

Our transparent Tiered pricing for options in US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and overnight position fees. 1



Discount options brokers: USAUnited States - Smart Routed 2: Tiered Commissions

Access to IB SmartRoutingSM for US listed securities is generally available only to IBKR Pro accounts.

Contract Volume (per month)3 Commissions Minimum Per Order
<= 10,000
< USD 0.05 USD 0.25 per contract USD 1.00
=> USD 0.05 and Premium < USD 0.10 USD 0.50 per contract USD 1.00
=> USD 0.10 USD 0.65 per contract USD 1.00
10,001 - 50,000
< USD 0.05 USD 0.25 per contract USD 1.00
=> USD 0.05 USD 0.50 per contract USD 1.00
50,001 - 100,000
USD 0.25 per contract USD 1.00
=> 100,001
USD 0.15 per contract USD 1.00

Contract Volume <= 10,000 per month:
1 Contract @ USD 2 Premium = USD 1.00
2 Contracts @ USD 5 Premium = USD 1.30
3 Contracts @ USD 0.075 Premium = USD 1.50
5 Contracts @ USD 0.03 Premium = USD 1.25

Contract Volume 10,001 - 50,000 per month:
1 Contract @ USD 2 Premium = USD 1.00
2 Contracts @ USD 5 Premium = USD 1.00
3 Contracts @ USD 0.075 Premium = USD 1.50
5 Contracts @ USD 0.03 Premium = USD 1.25


Contract Volume 50,001 - 100,000 per month:
1 Contract @ USD 2 Premium = USD 1.00
2 Contracts @ USD 5 Premium = USD 1.00
5 Contracts @ USD 2 Premium = USD 1.25

Contract Volume =>100,001 per month:
1 Contract @ USD 2 Premium = USD 1.00
5 Contracts @ USD 5 Premium = USD 1.00
7 Contracts @ USD 2 Premium = USD 1.05



Options pricing: USAUnited States - Direct Routed
Commissions Minimum Per Order
All Premiums USD 1.00 per contract USD 1.00

1 Contract = USD 1.00


Options trading fees: USAUnited States - Exchange Fees


Options trading fees: USAUnited States - Regulatory Fees
Commissions
Options Regulatory Fee ("ORF") 4, 5 USD 0.0388 per contract


Options trading fees: USAUnited States - Transaction Fees
Commissions
Transaction Fees 6 USD 0.0000221 * Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.002 * Quantity Sold


Options trading fees: USAUnited States - OCC Clearing Fees
Tier Fee
Trades of 1 - 1,222 contracts USD 0.045 per contract
Trades of > 1,222 contracts USD 55.00 per trade


Options trading fees: CanadaCanada: Tiered Commissions
Contract Volume (per month)3 Commissions Minimum Per Order
<= 10,000
CAD 1.25 per contract CAD 1.50
10,001 - 50,000
CAD 1.15 per contract CAD 1.50
50,001 - 100,000
CAD 1.05 per contract CAD 1.50
=> 100,001
CAD 1.00 per contract CAD 1.50


Notes:

  1. IBKR's Tiered commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IBKR’s Tiered commission schedule may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For example, IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
  2. Access to IB SmartRouting for US Listed Securities is generally available only to IBKR Pro accounts.
  3. Volumes on both US and Canadian markets contribute to sliding scale.
  4. The Options Regulatory Fee ("ORF") is charged by the following exchanges: AMEX, BATS, BOX, CBOE, CBOE2, EDGX, EMERALD, ISE, GEMINI, MERCURY, MIAX, MERCURY, NOM, NASDAQBX, PSE, PHLX.
  5. Fee applies to executions which clear in the "Customer" account with OCC. This will generally include Public Customer and Professional Customer transactions.
  6. Transaction fees are only charged for sell orders.

  • Commissions apply to all order types.
  • Commissions are not charged for US exercise and assignment.
  • Commissions are not charged for US cabinet buy-to-close trades. This is applicable only when the option minimum tick is > $0.01. Complex orders are excluded.
  • IBKR considers exchange fees and/or rebates in determining where to route an order. Under certain circumstances, IBKR may route a marketable order to an exchange that is not currently posting the national best bid or offer (NBBO) but which may be willing to "step up" and execute the order at the NBBO, in order to avoid or reduce the exchange fee for executing the order. If this routing method is used, the client generally will pay a lower execution fee than client would have otherwise paid. In those cases where IBKR routes to an exchange that is not currently posting the NBBO in order to reduce or avoid exchange fees, IBKR will guarantee the client a fill at the NBBO at the time that IBKR routed the order.
  • Volume breaks are applied based on monthly cumulative trade volume summed across all options contracts at the time of the trade. Contract volumes for advisor, separate trading limit, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month. If for example, you execute 12,000 US contracts in a month, your execution costs would be:
    10,000 contracts at USD 0.65
    2,000 contracts at USD 0.50
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders.
  • Order minimums will be applied to the individual legs of a COMBO order.

Europe

Our transparent Tiered pricing for options includes our low broker commissions, plus exchange, and clearing fees. VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.1,2



European Stock Options – Single Tier
Product Commissions Minimum Per Order
Swedish options 0.35% of trade value,
minimum 0.50 per contract plus external fees
SEK 10.00 3

10 Swedish Stock Options @ 5.00 = IBKR Execution Fee SEK 17.50 + Exchange Fee SEK 37.50 = Total 55.00


European Stock Options – Volume Incentive Tiers 4, 5
Contract Volume (per month) EUR GBP CHF Mini Options Euronext Paris EUR 6
<= 8,000 1.00 1.00 1.35 0.15
8,001 - 40,000 0.70 0.70 0.95 0.10
40,001 - 80,000 0.40 0.40 0.60 0.05
> 80,000 0.25 0.25 0.35 0.03

1 UK Stock Option = IBKR Execution Fee GBP 1.00 + Exchange Fee GBP 0.37 + Clearing Fee GBP 0.03 + Regulatory Fee GBP 0.00 = GBP 1.40


European Index Options 4
Contract Volume (per month) USD EUR GBP CHF SEK NOK
<= 1,000 1.05 0.90 0.60 1.40 10 10
1,001 - 10,000 0.65 0.60 0.45 0.90 8 8
10,001 - 20,000 0.45 0.40 0.30 0.60 6 6
> 20,000 0.25 0.25 0.15 0.35 4 4

1 CAC40 Index Option = IBKR Execution Fee EUR 0.90 + Exchange Fee EUR 0.20 + Clearing Fee EUR 0.13 + Regulatory Fee EUR 0.00 = EUR 1.23


Exchange and Regulatory Fees
Options pricing: Belgium Belgium
Euronext.Liffe
Options pricing: France France
Euronext.Liffe (Monep)
Options pricing: Germany Germany
Eurex
Options pricing: Italy Italy
IDEM
Options pricing: Netherlands Netherlands
Euronext.Liffe
Options pricing: Spain Spain
MEFF
Options pricing: Sweden Sweden
Stockholm Derivatives Exchange (OMS)
Options pricing: Switzerland Switzerland
Eurex
Options pricing: United Kingdom United Kingdom
Euronext.Liffe


Notes:

  1. IBKR's Tiered commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IBKR’s Tiered commission schedule may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For example, IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
  2. Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer.
  3. Exchange fees for Swedish options are not used to determine the minimum per order. Exchange fees are passed through in addition to the stated IBKR commissions.
  4. Note, index options traded under the tiered pricing structure are combined with futures and option on futures trading for volume tiers. They will not be included with the monthly volume of stock options when determining commissions.
  5. The minimum per order for European stock options traded under the cost plus volume tier model will be:
    • EUR 1.00 per Order
    • GBP 1.00 per Order
    • CHF 1.35 per Order
  6. For the purpose of determining the monthly volume tier, each mini stock option contract traded on Euronext Paris will count as 1/10 of the volume of one standard size stock option contract.

  • Commissions apply to all order types.
  • Commissions are charged for exercise and assignment.
  • Cost-Plus Tiered pricing available for index options with the exception of index options in Sweden. See futures commissions for more information.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Volume breaks are applied based on monthly cumulative trade volume summed across all options contracts at the time of the trade. Contract volumes for advisor, separate trading limit, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month. If for example, you execute 12,000 European stock options contracts in a month, your execution costs would be:
    8,000 contracts at EUR 1.00
    4,000 contracts at EUR 0.70

Asia-Pacific

Our transparent Tiered pricing for options in non-US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and overnight position fees. 1



Options pricing: AustraliaAustralia

Australian Index Options – Volume Incentive Tiers2,3

Tiered plans charge our low broker commissions, decrease based on volume, plus exchange, regulatory, and clearing fees, plus VAT where applicable. In cases where an exchange provides a rebate, we pass some or all of the savings directly back to you.1

Contract Volume (per month) Commissions (per contract) Minimum Per Order
<= 1,000 AUD 1.50 AUD 1.50
1,001 - 10,000 AUD 1.00 AUD 1.50
10,001 - 20,000 AUD 0.70 AUD 1.50
> 20,000 AUD 0.50 AUD 1.50

1 Index Option = IBKR Execution Fee AUD 1.50 + Exchange Fee AUD 0.45 = AUD 1.95

Exchange and Regulatory Fees
Options pricing: Australia Australia
ASX


Notes:

  1. IBKR's Tiered commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IBKR’s Tiered commission schedule may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For example, IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
  2. The cost for exercise/assignments of ASX options will be 0.275 per contract for stock options and 0.75 per contract for index options.
  3. Index Option volume will be combined with the Future and FOP trading volume for the tier break consideration.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included except for Hong Kong stock options.
  • Commissions are not charged for exercise and assignment, except in Australia.
  • Tiered pricing available for index options. See futures commissions for more information.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

Commissions

Options - Tiered Pricing Structure