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Commissions

North America

Our Fixed pricing model for options charges a fixed amount per contract and includes all IB commissions and exchange fees. It does not include transaction, regulatory, surcharge, and clearing fees, all of which are passed through to clients.



United States
Fixed Minimum Per Order Maximum Per Order
USD 0.65 per contract1 USD 1.00 N/A


United States - Surcharge Fees
Symbol Surcharge Fee
SPX (Non-Weekly)
Premium < USD 1.00 USD 0.40 per contract
Premium > USD 1.00 USD 0.50 per contract
SPX (Weekly)
Premium < USD 1.00 USD 0.49 per contract
Premium > USD 1.00 USD 0.58 per contract
VIX
Premium < USD 0.11 USD 0.10 per contract
Premium < USD 1.00 USD 0.25 per contract
Premium < USD 2.00 USD 0.45 per contract
Premium >= USD 2.00 USD 0.50 per contract
Complex VIX
Premium < USD 0.11 USD 0.05 per contract
Premium < USD 1.00 USD 0.17 per contract
Premium < USD 2.00 USD 0.35 per contract
Premium >= USD 2.00 USD 0.50 per contract
RUT
CBOE USD 0.18 per contract
CBOE2 USD 0.15 per contract
OEX
OEX (Monthly) USD 0.40 per contract
OEX (Weekly) USD 0.30 per contract
XEO
XEO (Monthly) USD 0.40 per contract
XEO (Weekly) USD 0.30 per contract
DJX
DJX USD 0.15 per contract


Options trading fees: USAUnited States - Regulatory Fees
Commissions
Options Regulatory Fee ("ORF") 2, 3 USD 0.0388 per contract


Options trading fees: USAUnited States - Transaction Fees
Commissions
Transaction Fees 4 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 - 999 contracts USD 0.055 per contract
Trades of > 999 contracts USD 55.00 per trade


Options trading fees: MexicoMexico
Commissions Minimum Per Order
AMXL MXN 25 per contract MXN 25
NAFTRAC MXN 20 per contract MXN 20
QQQQ MXN 30 per contract MXN 30
All Others MXN 40 per contract MXN 40

1 AMXL Contract = MXN 25
1 NAFTRAC Contract = MXN 20
1 QQQQ Contract = MXN 30


Notes:

  1. IBKR Lite accounts are charged a fixed rate commission on the first 1,000 U.S. option contracts traded per month. For U.S. options volume in excess of 1,000 contract per month, IBKR will apply the IBKR Pro U.S. options tiered commission model. More information on the tiered model is here.
  2. 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.
  3. Fee applies to executions which clear in the "Customer" account with OCC. This will generally include Public Customer and Professional Customer transactions.
  4. Transaction fees are only charged for sell orders.

  • IBKR's 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 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.
  • 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.
  • 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

In the Fixed commission structure, you will be charged a single flat rate per contract that includes all commissions and all exchange, regulatory and other third party fees. VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.



Options trading fees: BelgiumBelgium
Commissions Minimum Per Order
All EUR 1.50 per contract EUR 1.50

1 Contract = EUR 1.50


Options trading fees: FranceFrance
Commissions Minimum Per Order
Index Options EUR 1.50 per contract EUR 1.50
Stock Options (Multiplier >= 100) EUR 1.50 per contract EUR 1.50
Stock Options (Multiplier < 100) EUR 0.20 per contract EUR 0.20

1 Index Option Contract = EUR 1.50


Options trading fees: GermanyGermany
Commissions Minimum Per Order
Stock Options EUR 1.10 per contract EUR 1.10
All Index Options not listed below EUR 1.50 per contract EUR 1.50
DJ200 / DJ600 EUR 2.00 per contract EUR 2.00
DAX EUR 1.70 per contract EUR 1.70

1 Stock Options Contract = EUR 1.10


Options trading fees: ItalyItaly
Commissions Minimum Per Order
Stock Options EUR 2.00 per contract EUR 2.00
Index Options EUR 3.00 per contract EUR 3.00

1 Index Option Contract = EUR 3.00


Options trading fees: NetherlandsNetherlands
Commissions Minimum Per Order
USD-denominated Options USD 2.00 per contract USD 2.00
Mini-AEX Options EUR 0.30 per contract EUR 0.30
All Other EUR 1.50 per contract EUR 1.50

1 EUR-denominated Contract = EUR 1.50


Options trading fees: NorwayNorway
Commissions Minimum Per Order
Index Options NOK 12 per contract NOK 12
Stock Options NOK 15 per contract NOK 15

1 Index Option Contract = NOK 12.00


Options trading fees: SpainSpain
Commissions Minimum Per Order
Stock Options EUR 0.90 per contract EUR 4.50
Index Options EUR 0.80 per contract N/A

1 Contract = EUR 0.90


Options trading fees: SwitzerlandSwitzerland
Commissions Minimum Per Order
Stock Options CHF 1.70 per contract CHF 1.70
Index Options CHF 2.80 per contract CHF 2.80

1 Contract = CHF 2.80


Options trading fees: United KingdomUnited Kingdom
Commissions Minimum Per Order
All GBP 1.70 per contract 1 GBP 1.70

1 Contract = GBP 1.70


Notes:

  1. Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • Commissions are charged for exercise and assignment.
  • 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.
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
    Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please refer here.

Asia-Pacific

Our Fixed pricing for options in non-US markets charges a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and overnight position fees.




Options pricing: AustraliaAustralia
Commissions Minimum Per Order
Index options (ASX) AUD 2.00 per contract 1 AUD 2.00
Stock Options AUD 0.30 per contract 1 AUD 1.00

1 ASX-listed Contract = AUD 2.00


Options pricing: Hong KongHong Kong
Commissions Minimum Per Order
Index Options HKD 30.00 per contract HKD 30.00
Stock Options 2
SEHK Tier II Options 3 0.2% of option value + exchange fee of HKD 1.00per contract HKD 18.00
SEHK Tier III Options3 0.2% of option value + exchange fee of HKD 0.50per contract HKD 18.00
All other stock options 0.2% of option value + exchange fee of HKD 3.00per contract HKD 18.00
HHI HKD 20.00 per contract HKD 20.00
MHI HKD 17.00 per contract HKD 17.00

1 Index Option = HKD 30.00


Options pricing: IndiaIndia

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Options4 1 bps INR 6 INR 20 5


Options pricing: JapanJapan
Commissions Minimum
N225 Options (weekly and monthly) 6 12bps per Trade Value plus external fees JPY 100 per order
Stock Options (TSEJ) 7 JPY 90 per contract JPY 90 per contract

1 Stock Option (TSEJ) Contract = YEN 90


Options pricing: SingaporeSingapore
Commissions Minimum
NIFTY USD 2.85 per contract USD 2.85
SGD-denominated options SGD 5.00 per contract SGD 5.00

1 Option (NIFTY) Contract = USD 2.85


Options pricing: South KoreaSouth Korea
Commissions Minimum Per Order
All 0.2% of option value KRW 1,000

10 Contracts @ KRW 0.75 Premium (100,000 Multiplier) = KRW 1,500


Notes:

  1. 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.
  2. For all exercise and assignments standard stock commissions apply plus Stock Exchange Options Clearing House (SEOCH) fee of HKD 2.00 per contract.
  3. Tier II stock options are options on the following underlying symbols: 3, 4, 11, 17, 66, 135, 267, 293, 386, 489, 762, 788, 883, 914, 1088(CSB only), 1171, 1211, 1339, 1816, 1928, 1988, 2328, 2388, 2628, 2800, 3323, 3888, 3968, 6030, 6837.
    Tier III stock options are options on the following underlying symbols: 23, 151, 330, 358, 390, 494, 728, 939, 998, 1088(CSE only), 1186, 1398, 1800, 1880, 1898, 1919, 2038, 2282, 2333, 2600, 2777, 2888, 2899, 3328, 3800, 3988.
  4. For first 100 lots. Portion of order above 100 lots will be charged at INR 5 per lot.
  5. The maximum per order for NRIs will be INR 150
  6. The cost of an exercise or assignment of the monthly Nikkei contract is 6 bps with a maximum of JPY 420 per contract regardless of commission model. The cost of an exercise or assignment of the weekly Nikkei contract is 130 JPY regardless of commission model.
  7. Introductory rate. This rate is subject to change.

  • 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 - Fixed Pricing Structure