Commissions

Tiered

Transparent Volume-Tiered Pricing
  • Our low broker commission, which decreases depending on volume, plus exchange, regulatory, and clearing fees.
  • In cases where an exchange provides a rebate, we pass some or all of the savings directly back to you.1


View Pricing Structure



Fixed

Fixed Rate Pricing
  • Charges a fixed rate low commission per share or a set percent of trade value.
  • Includes all exchange and regulatory fees.
  • For US stocks, ETFs and warrants, the transaction fees are passed through on all stock sales.

View Pricing Structure



Stocks commission rates:

__% lower than our competitors.

US Commission Rates Comparison 2 100 Shares
Interactive Brokers
$1.00
E-Trade
$6.95
Fidelity
$4.95
Schwab
$4.95
TD Ameritrade
$6.95

Interactive Brokers has lower commission rates for larger volumes and comparable rates worldwide.



Barron's Best Online Broker Award

2019 Awards

Rated #1 - Best Online Broker
Best for Mobile Traders
Best for Frequent Traders
Best for International Traders
Lowest Cost Broker
Rated Low Cost Online Broker for 18 Years in a Row 3

Disclosures
  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. Rates were obtained on September 3, 2019 from each firm's website. Services vary by firms. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Supporting documentation for any claims and statistical information will be provided upon request.
  3. Low Cost Rated by Barron's 18 Years Straight - Low cost broker 2002 through 2019 according to Barron's online broker review. 2002 - 5 Stars, 2003 - 4.9 Stars, 2004 - 5 Stars, 2005 - 5 Stars, 2006 - 5 Stars, 2007 - 4.8 Stars, 2008 - 4.5 Stars, 2009 - 4.5 Stars, 2010 - 4.2 stars, 2011 - 4.5 stars, 2012 - 4.3 stars, 2013 - 4.5 stars, 2014 - 4.5 stars, 2015 - 4.5 stars, 2016 - 4.5 stars, 2017 - 4.5 stars, 2018 - 4.5 stars, 2019 - "Interactive Brokers continues to lead as well in terms of pricing". Interactive Brokers earned a 4.5 star ranking in the February 25, 2019 Barron's Annual Best Online Brokers - “Best Online Brokers of 2019”. Criteria included Trade Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Education and Security, and Costs. Barron's is a registered trademark of Dow Jones & Co. Inc.

Commissions

Stocks, ETFs (ETPs) and Warrants - Overview

North America

Our Fixed pricing for stocks, ETFs (Exchange Traded Products, or ETPs) and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and most regulatory fees with the exception of the transaction fees, which are passed through on all stock sales. In the event that IB receives a rebate for executing a trade in a Regulation NMS stock at a market-maker, dark pool, or with a liquidity provider in the IB ATS, IB will pass the full amount of that rebate to Fixed-commission customers as a commission discount.


United States 6
Fixed Minimum Per Order Maximum Per Order
No Transaction Fee ETFs USD 0.00 USD 0.00
USD 0.005 per share USD 1.00 1.0% of trade value 1, 7

100 Shares @ USD 25 Share Price = USD 1.00
1,000 Shares @ USD 25 Share Price = USD 5.00
1,000 Shares @ USD 0.25 Share Price = USD 2.50


US API Directed Orders 3
Value Fixed Minimum Per Order Maximum Per Order
All USD 0.0075 per share USD 1.00 1% of trade value 1

500 Shares @ USD 25 Share Price = USD 3.75

Guaranteed VWAP Orders
Fixed Minimum Per Order Maximum Per Order
USD 0.02 per share USD 1.00 1% of trade value 1

100 Shares @ USD 25 Share Price = USD 2.00

DARK
Remove Liquidity Add Liquidity
Directed orders N/A 4 N/A
Smart-routed orders9 Variable (see note) N/A

IBDARK
Remove Liquidity Add Liquidity
Directed orders N/A 4 Normal commission applies
Smart-routed orders Normal commission applies minus 0.0007 per share Normal commission applies minus 0.0007 per share

IBKRATS
Remove Liquidity Add Liquidity
Directed orders N/A 4 Normal commission applies
Smart-routed orders10 Variable (see note) Variable (see note)

CSFB ALGO, CSFB PATH, JEFFALGO and FOXRIVER ALGO
Fee
Normal commission applies plus USD 0.0010 per share
Transaction Fees
(Stocks, ETF, Warrants, Rights, Voting Trust Certificates) USD 0.0000207 * Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.000119 * Quantity Sold 8

Trade Allocation Minimum Commissions

We charge a minimum commission for US stock trades allocated by Advisors and Brokers to their clients. Advisors and Brokers can choose to charge the allocation minimum fee to their master account or to the client account. By default, the allocation minimum is charged to the client account unless there is a specific rate arrangement between the client and the master account.

US Stocks Minimum (trade value * 0.0005, USD 1)

100 Shares executed at a price of USD 100.00 allocated to two accounts (50/50):
Allocation Size = 50
Trade Value Per Allocation = USD 5,000
Minimum (5000 * 0.0005, USD 1) = Minimum (2.5, 1)
New Total Fixed Commission Per Allocation = 1.00

100 Shares executed at a price of USD 24.00 allocated to two accounts (50/50):
Allocation Size = 50
Trade Value Per Allocation = USD 1200
Minimum (1200 * 0.0005, USD 1) = (0.6, 1)
New Total Fixed Commission Per Allocation = 0.60


Canada
Fixed Minimum Per Order Maximum Per Order
CAD 0.01 per share CAD 1.00 0.5% of trade value 1, 2

100 Shares @ CAD 25 Share Price = CAD 1.00


Mexico
Fixed Minimum Per Order Maximum Per Order
MXN 0.1% of trade value MXN 60.00 N/A

700 Shares @ MXN 100 Share Price = MXN 70.00


Notes:

  1. Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
  2. For orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee will be added. See the Tiered North America section for details of the exchange fees.
  3. This charge does not apply to relative, pegged to market and pegged to midpoint orders.
  4. Directed orders to IBKRATS/IBDARK that are marketable will generally be rejected.
  5. Transaction fees are only charged for sell orders.
  6. Includes NMS, OTCBB, NextShares and Pink Sheet Stocks.
  7. In the event the calculated maximum per order is less than the minimum per order, the minimum per order will be assessed.
  8. Maximum USD 5.95 per trade. In the case of partial executions, each execution is considered one trade.
  9. In the event IBKR receives a rebate from a liquidity provider, the full rebate will be passed through in the form of a reduction to the standard U.S. Stock commission. Should IBKR receive no rebate on the execution, standard U.S. Stock commissions will apply.
  10. In the event your order crosses another IBKR Client order, the standard U.S. Stock commission minus 0.0007 per share will be charged. In the event IBKR receives a rebate from a liquidity provider, the full rebate will be passed through in the form a reduction to the standard U.S. Stock commission. Should IBKR receive no rebate on the execution, standard U.S. Stock commissions will apply.

  • Commissions apply to all order types.
  • All exchange fees are included.
  • For clients who send an extraordinary number of non-marketable limit orders to the NYSE, and who route such orders direct to NYSE, rather than using IB Smart routing, IB reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, IB will provide notice to affected clients.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.



Europe

Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and regulatory fees.


Austria
Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value EUR 4.00 EUR 120.00

100 Shares @ EUR 50 Share Price = EUR 5.00


Baltic Region (Estonia, Latvia, Lithuania)
Fixed Minimum Per Order Maximum Per Order
All 0.2% of trade value EUR 10.00 None

100 Shares @ EUR 50 Share Price = EUR 10.00
1,000 Shares @ EUR 50 Share Price = EUR 100.00


Belgium
Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value EUR 4.00 EUR 29.00

100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 29.00


France
Fixed Minimum Per Order Maximum Per Order
Euro-denominated 0.1% of trade value EUR 4.00 EUR 29.00
USD-denominated 0.1% of trade value USD 5.00 USD 42.00

100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 29.00
100 Shares @ USD 75 Share Price = USD 7.50


Germany
Fixed Minimum Per Order Maximum Per Order
SWB 0.12% of trade value EUR 6.00 None
SWB Warrants 0.12% of trade value EUR 6.00 EUR 49.00
FWB 2 0.1% of trade value EUR 4.00 EUR 99.00
FWB Warrants 0.1% of trade value EUR 4.00 EUR 49.00
TradeLink Warrants (currently SocGen products only) 0.1% of trade value EUR 4.00 EUR 29.00
Chi-X / BATS / Turquoise DE / Tradegate 0.1% of trade value EUR 4.00 EUR 29.00
Xetra - ETFs 0.1% of trade value EUR 4.00 EUR 29.00
Xetra - Stocks 0.1% of trade value EUR 4.00 EUR 99.00

100 Shares @ EUR 50 Share Price = EUR 6.00

FWB:
100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 50.00

Chi-X / BATS / Turquoise DE / Tradegate:
100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 29.00

Xetra - ETFs:
100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 29.00

Xetra - Stocks:
100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 50.00


Hungary
Fixed Minimum Per Order Maximum Per Order
Stocks 0.1% of trade value HUF 200 No Maximum

100 Shares @ HUF 50 Share Price = HUF 200
1,000 Shares @ HUF 500 Share Price = HUF 500


Israel
Fixed Minimum Per Order Maximum Per Order
Stocks 0.1% of trade value ILS 15 No Maximum

100 Shares @ ILS 50 Share Price = ILS 15


Italy
Fixed Minimum Per Order Maximum Per Order
Stocks, ETFs & Funds 0.1% of trade value EUR 4.00 EUR 29.00
Warrants & Structured Products 0.1% of trade value EUR 6.00 EUR 29.00

100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 29.00


Netherlands
Fixed Minimum Per Order Maximum Per Order
Euro-denominated 0.1% of trade value EUR 4.00 EUR 29.00
USD-denominated 0.1% of trade value USD 5.00 USD 42.00

100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 29.00
100 Shares @ USD 75 Share Price = USD 7.50


Norway
Fixed Minimum Per Order Maximum Per Order
All 0.05% of trade value NOK 49.00 None


Poland
Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value PLN 15.00 N/A

100 Shares @ PLN 50 Share Price = PLN 15.00
1,000 Shares @ PLN 50 Share Price = PLN 50.00


Portugal
Fixed Minimum Per Order Maximum Per Order
All 0.15% of trade value EUR 6.00 None

100 Shares @ EUR 50 Share Price = EUR 7.50


Spain
Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value EUR 4.00 None

100 Shares @ EUR 50 Share Price = EUR 5.00


Sweden
Fixed Minimum Per Order Maximum Per Order
All Other 0.05% of trade value SEK 49.00 None
EUR-denominated 0.10% of trade value EUR 4.00 None

100 Shares @ SEK 50 Share Price = SEK 49.00


Switzerland
Fixed Minimum Per Order Maximum Per Order
CHF-denominated 3 0.1% of trade value CHF 10.00 None
EUR-denominated 0.1% of trade value EUR 10.00 None
USD-denominated ETF, Warrants & Structure Products 0.1% of trade value USD 10.00 None
GBP-denominated 0.1% of trade value GBP 6.00 None
USD-denominated Other 0.1% of trade value USD 5.00 USD 42.00

100 Shares @ CHF 50 Share Price = CHF 10.00


United Kingdom 1, 4
Fixed Minimum Per Order Maximum Per Order
Up to GBP 50,000 Trade Value GBP 6.00 GBP 6.00 GBP 6.00
> GBP 50,000 Trade Value GBP 6.00 + 0.05%
of incremental trade value > GBP 50,000
GBP 6.00 GBP 29.00
LSE International Order Book and USD-denominated stocks USD 0.05% of trade value USD 5.00 None
EUR-denominated stocks 0.1% of trade value EUR 4.00 EUR 29.00

100 Shares @ GBP 50 Share Price= GBP 6.00
30,000 Shares @ GBP 2 Share Price= GBP 11.00
100 Shares @ USD 100 Share Price = USD 5.00


United Kingdom - Commission-Free ETPs
Product Fixed Minimum Per Order Maximum Per Order
Leverage Shares ETPs USD 0% of trade value
GBP 0% of trade value
EUR 0% of trade value
USD 0.00
GBP 0.00
EUR 0.00
USD 0.00
GBP 0.00
EUR 0.00


Notes:

  1. Stamp taxes (UK=0.5%, Ireland=1%) are directly passed through to the client.
  2. Plus Trade Fee. Click here for more details.
  3. In addition to the standard commissions, IB will pass thru a trade reporting fee of CHF 1.00 per Trade.
  4. IB is also required to charge the Panel of Takeovers and Mergers Levy of GBP 1.00 on all orders over GBP 10,000 on shares of companies registered in the United Kingdom, Isle of Man or Channel Islands.

  • Commissions apply to all order types.
  • All exchange and regulatory fees are included.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Effective August 1, 2012, securities issued by French companies with a market capitalization of 1 billion EUR as of January 1, 2012 will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
  • 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.

  • For European stock Algo orders, IB will apply the commission cap as follows:

    For EUR-denominated stocks every EUR 75,000 of executed value a new per order cap will be applied
    For CHF-denominated stocks every CHF 100,000 of executed value a new per order cap will be applied
    For GBP-denominated stocks every GBP 65,000 of executed value a new per order cap will be applied


Asia-Pacific

Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and regulatory fees.


Australia
Tier Fixed Minimum Per Order Maximum Per Order
All 0.08% of trade value AUD 6.00 N/A

400 shares@ AUD 50 Share Price= AUD 16


Hong Kong 1,2
Tier Fixed Minimum Per Order Maximum Per Order
SEHK Stocks 0.08% of trade value HKD 18 N/A
SEHK Warrants, Structured Products 0.08% of trade value HKD 10 N/A
Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect Stocks 0.08% of trade value CNH 15 N/A

400 shares@ HKD 70 Share Price= HKD 22.40


India 3,4,5

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Stocks4 1 bps INR 6 INR 20


Japan
Tier Fixed Minimum Per Order Maximum Per Order
All 0.08% of trade value JPY 80 N/A

100 Shares @ JPY 10,000 Share Price= JPY 800


Singapore
Tier Fixed Minimum Per Order Maximum Per Order
All 0.08% of trade value SGD 2.50
USD 2.00
HKD 18.00
N/A

100 Shares @ SGD 50 Share Price= SGD 4


Notes:

  1. For stocks, warrants and structured products traded on the SEHK, government stamp duty (0.1% rounded up to the nearest 1.00 for SEHK stocks, normally applies only to stocks) and SFC transaction levy (0.0027%, normally applies to stocks and warrants) will be passed through to all clients regardless of commission model. Click here for SEHK shares.
  2. For stocks traded on Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect, all external costs will be passed through to clients regardless of commission model. This includes exchange trading fees, clearing fees and government stamp duty. Click here for the fee schedule for Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect shares.
  3. Stocks on the NSE are only available to Indian residents.
  4. Up to per order value of INR 1,000,000. Portion of order above INR 1,000,000 will be charged 2 bps.
  5. The maximum per order for NRIs will be INR 150.

  • All exchange and regulatory fees are included, except where noted above.
  • Commissions apply to all order types.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

Commissions

Stocks, ETFs (ETPs) and Warrants - Fixed Pricing Structure

North America

Our transparent Tiered pricing for stocks, ETFs (Exchange Traded Products, or ETPs) and warrants includes our low broker commission, which decreases depending on volume, plus exchange, regulatory, and clearing fees. In cases where an exchange provides a rebate, we pass some or all of the savings directly back to you. 1

In the event that IB receives a rebate for executing a trade in a Regulation NMS stock at a market-maker, dark pool, or with a liquidity provider in the IB ATS, IB will pass the full amount of that rebate to Tiered-commission customers as a venue rebate.

Click here for some examples.



United States - Tiered
Volume (per month) 2, 7 IB Commission per Share
US Stocks, ETFs, ETPs and Warrants Minimum per Order Maximum per Order
<= 300,000 Shares USD 0.0035 USD 0.35 1.0% of trade value
300,001 - 3,000,000 Shares USD 0.002 USD 0.35 1.0% of trade value
3,000,001 - 20,000,000 Shares USD 0.0015 USD 0.35 1.0% of trade value
20,000,001 - 100,000,000 Shares USD 0.001 USD 0.35 1.0% of trade value
> 100,000,000 Shares USD 0.0005 USD 0.35 1.0% of trade value


United States - Commission-Free ETFs
Product Volume (per month) 2 IB Commission per Share
Aberdeen Standard ETFs Any USD 0.00 4
ACSI ETFs Any USD 0.00 4
Cambria ETFs Any USD 0.00 4
Eaton Vance NextShares Exchange-Traded Managed Funds Any USD 0.00 4
Global X ETFs Any USD 0.00 4
Hull Tactical ETFs Any USD 0.00 4
Infrastructure ETFs Any USD 0.00 4
Legg Mason ETFs Any USD 0.00 4
O'Shares ETFs Any USD 0.00 4
Reality Shares ETFs Any USD 0.00 4
Salt Financials ETFs Any USD 0.00 4


United States - Exchange Fees


United States - Clearing Fees (per share)
NSCC, DTC Fees USD 0.00020 6


United States - Transaction Fees
Transaction Fees 3
(Stocks, ETFs, ETPs, Warrants, Rights, Voting Trust Certificates)
USD 0.0000207*Value of Aggregate Sales
NYSE Pass-Through Fees IB Tiered Commissions *0.000175
FINRA Pass-Through Fees IB Tiered Commissions *0.00056
FINRA Trading Activity Fee USD 0.000119 * Quantity Sold 5


United States - Trade Allocation Minimum Commissions

We charge a minimum fee for US stock trades allocated by Advisors to their clients. Advisors can choose to charge the allocation minimum fee to their master account or to the client account. By default, the allocation minimum is charged to the client account unless there is a specific rate arrangement between the client and the master account.

Minimum Trade Allocation Fees Minimum (trade value * 0.0005, USD 0.35)

100 Shares executed at a price of USD 10.00 allocated to two accounts (50/50):
Allocation Size = 50
Trade Value = USD 500
Minimum (500 * 0.0005, USD 0.35) = Minimum (0.25, 0.35)
New Tiered Commisions Per Allocation = 0.25

50 Shares executed at a price of USD 100.55 allocated to two accounts (30/20):
30 Share Allocation Trade Value = USD 3016.50
Minimum (3016.50 * 0.0005, USD 0.35) = Minimum (1.50, 0.35)
New Tiered Commission for 30 Share Allocation = USD 0.35

20 Share Allocation Trade Value = USD 2011
Minimum (2011 * 0.0005, USD 0.35) = Minimum (1, 0.35)
New Tiered Commission for 20 Share Allocation = 0.35


Canada - Tiered
Volume (per month) 2, 7 IB Commission per Share
Canada Stocks, ETFs, and Warrants Minimum per Order Maximum per Order
<= 300,000 Shares CAD 0.008 CAD 1.00 0.5% of trade value
300,001 - 3,000,000 Shares CAD 0.005 CAD 1.00 0.5% of trade value
3,000,001 - 20,000,000 Shares CAD 0.004 CAD 1.00 0.5% of trade value
20,000,001 - 100,000,000 Shares CAD 0.003 CAD 1.00 0.5% of trade value
> 100,000,000 Shares CAD 0.003 CAD 1.00 0.5% of trade value


Canada - Exchange Fees


Canada - Clearing Fees (per Share)
All not listed below CAD 0.00017 per share/capped at CAD 2.00 per order
VENTURE CAD 0.00010 per share/capped at CAD 2.00 per order


Canada - Transaction Fees
Regulatory Fee CAD 0.00011 per share/capped at CAD 3.30 per trade (not per order)


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. Average per Share Rebate Amounts for Regulation NMS Stocks are reported on the Interactive Brokers Rule 606 Quarterly Order Routing Report. Click here to view copy of the Report.
  2. Volume tiers are applied based on monthly cumulative trade volume summed across all US and Canadian stock and ETF shares at the time of the trade. Only shares that are traded while under the Tiered pricing structure will count towards the monthly volume. Share volumes for advisor, institutions, 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 500,000 US shares in a month, your IB Tiered fees would be:
    • 300,000 shares at USD 0.0035
    • 200,000 shares at USD 0.002
  3. Transaction fees are only charged for sell orders.
  4. No exchange, clearing or transaction fees charged.
  5. Maximum USD 5.95 per trade. In the case of partial executions, each execution is considered one trade.
  6. Maximum 0.5% of trade value.
  7. Orders where the commission cap is applied do not count towards the monthly volume tiers.

  • Commissions apply to all order types.
  • IB's Tiered fee will be capped at 0.5% of trade value.
  • When using SmartRouting, clients should be aware that IB may route the order to an exchange with a better quoted price but with substantially higher fees. In particular, clients should understand the ECN charges for removing liquidity when sending marketable orders for low priced stocks (under USD 2.50).
  • All exchange, special and other fees are charged on a per-share basis.
  • In the Tiered commission structure, clients may or may not be eligible to receive direct credit for rebates paid for certain types of orders executed at various market centers. For example, IB may receive enhanced rebate payments as a result of exceeding volume thresholds on particular markets, but typically will not directly pass these enhancements to customers. Likewise, IB does not pass to customers all of the rebates IB may receive for orders in pink sheet or OTCBB stocks.
  • Please note that directed API orders cannot use the Tiered fee structure. Smart-routed API orders can use either the Tiered or Fixed structure.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • If IB receives a rebate payment for a pink sheet or OTCBB execution, this rebate is not passed to the clients.
  • Accumulate/Distribute and Scale Orders will be subject to standard IB Order minimums for each new slice of the algorithm which is submitted.


Europe

Our transparent Tiered pricing for stocks, ETFs and warrants includes our low broker commission, which decreases depending on volume, plus exchange, regulatory, and clearing fees. In cases where an exchange provides a rebate, we pass some or all of the savings directly back to you 1. Click here for an example.

Tiered pricing is not available for all exchanges. Please review the list of exchanges below.



EUR, CHF, USD, PLN, ILS and HUF-Denominated Products Tiered 3
Monthly Trade Value (EUR) Fee per Trade Value EUR-Denominated Products 2 CHF-Denominated Products USD-Denominated Products 2 PLN-Denominated Products ILS-Denominated Products HUF-Denominated Products
Minimum per Order Maximum per Order Minimum per Order Maximum per Order Minimum per Order Maximum per Order Minimum per Order Maximum per Order Minimum per Order Maximum per Order Minimum per Order Maximum per Order
<= 50,000,000 0.050% EUR 1.25 EUR 29.00 CHF 1.50 CHF 49.00 USD 1.70 USD 39.00 PLN 5.00 PLN 125.00 ILS 5.25 ILS 120.00 HUF 200.00 No Maximum
50,000,001 – 100,000,000 0.030% EUR 1.25 EUR 29.00 CHF 1.50 CHF 49.00 USD 1.70 USD 39.00 PLN 5.00 PLN 125.00 ILS 5.25 ILS 120.00 HUF 200.00 No Maximum
100,000,001 – 500,000,000 0.020% EUR 1.25 EUR 29.00 CHF 1.50 CHF 49.00 USD 1.70 USD 39.00 PLN 5.00 PLN 125.00 ILS 5.25 ILS 120.00 HUF 200.00 No Maximum
> 500,000,000 0.015% EUR 1.25 EUR 29.00 CHF 1.50 CHF 49.00 USD 1.70 USD 39.00 PLN 5.00 PLN 125.00 ILS 5.25 ILS 120.00 HUF 200.00 No Maximum


European Dark Pools - EUR, GBP and CHF-Denominated Products
Product Execution Fee Clearing Fee
Stocks Between 0.00 and 0.20 bps 0.00 per Trade


Austria - EUR Denominated Products External Fees
VSE


Baltic Region (Estonia, Latvia, Lithuania) - EUR Denominated Products External Fees


Belgium - EUR, GBP and CHF Denominated Products External Fees


France - EUR, GBP and CHF Denominated Products External Fees


Germany - EUR, GBP and CHF Denominated Products External Fees


Hungary - HUF Denominated Products External Fees
BUX


Israel - ILS Denominated Products External Fees


Italy - EUR Denominated Products External Fees


Netherlands - EUR, GBP and CHF Denominated Products External Fees


Portugal - EUR-Denominated Products External Fees
BVL


Switzerland - EUR, GBP and CHF Denominated Products External Fees


Poland - External Fees
WSE


Norway Tiered 3
Monthly Trade Value (NOK) Fee per Trade Value NOK-Denominated Products
Minimum per Order Maximum per Order
>= 400,000,000 0.050% NOK 10.00 N/A
400,000,001 – 800,000,000 0.030% NOK 10.00 N/A
800,000,001 – 4,000,000,000 0.020% NOK 10.00 N/A
> 4,000,000,000 0.015% NOK 10.00 N/A


Norway - External Fees


Russia Tiered 3
Monthly Trade Value (RUB) Fee per Trade Value RUB-Denominated Products
Minimum per Order Maximum per Order
<= 3,700,000,000 0.05% RUB 95.00 RUB 2,200.00
3,700,000,000.01 – 7,500,000,000 0.03% RUB 95.00 RUB 2,200.00
7,500,000,000.01 – 37,000,000,000 0.02% RUB 95.00 RUB 2,200.00
> 37,000,000,000 0.015% RUB 95.00 RUB 2,200.00


Russia - External Fees


Sweden Tiered 3
Monthly Trade Value (SEK) Fee per Trade Value SEK-Denominated Products
Minimum per Order Maximum per Order
<= 400,000,000 0.050% SEK 10.00 N/A
400,000,001 – 800,000,000 0.030% SEK 10.00 N/A
800,000,001 – 4,000,000,000 0.020% SEK 10.00 N/A
> 4,000,000,000 0.015% SEK 10.00 N/A


Sweden - External Fees


United Kingdom - EUR, GBP and CHF Denominated Products External Fees


United Kingdom - Tiered 3,4,5
Monthly Trade Value (GBP) Fee per Trade Value GBP-Denominated Products 2
Minimum per Order Maximum per Order
<= 40,000,000 0.050% GBP 1.00 N/A
40,000,001 – 80,000,000 0.030% GBP 1.00 N/A
80,000,001 – 400,000,000 0.020% GBP 1.00 N/A
> 400,000,000 0.015% GBP 1.00 N/A


United Kingdom - Commission-Free ETPs
Product Trade Value (per month) IB Commission per Trade Value
Leverage Shares ETPs Any USD 0%
GBP 0%
EUR 0%


United Kingdom - External Fees


Notes:

  1. IB's Tiered commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IB's Tiered commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IB may be less than the rebates IB receives from the relevant market. Additionally, IB may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
  2. Tiered pricing is not available for all European exchanges. Please review the list of exchanges above.
  3. For more information on how the monthly tiers are calculated, please click here.
  4. Stamp taxes (UK=0.5%, Ireland=1%) are directly passed through to the clients.
  5. IB is also required to charge the Panel of Takeovers and Mergers Levy of GBP 1.00 on all orders over GBP 10,000 on shares of companies registered in the United Kingdom, Isle of Man or Channel Islands.

  • Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Tiered pricing structure will count towards the monthly volume. Share volumes for advisor, institution, 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.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Effective August 1, 2012, securities issued by French companies with a market capitalization of 1 billion EUR as of January 1, 2012 will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
  • Please note that directed API orders cannot use the Tiered fee structure. Smart-routed API orders can use either the Tiered or Fixed structure.
  • 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.

  • For European stock Algo orders, IB will apply the commission cap as follows:

    For EUR-denominated stocks every EUR 75,000 of executed value a new per order cap will be applied
    For CHF-denominated stocks every CHF 100,000 of executed value a new per order cap will be applied
    For GBP-denominated stocks every GBP 65,000 of executed value a new per order cap will be applied


Asia-Pacific

Our transparent Tiered pricing for stocks, ETFs and warrants includes our low broker commission, which decreases depending on volume, plus exchange, regulatory, and clearing fees. In cases where an exchange provides a rebate, we pass some or all of the savings directly back to you 1. Click here for examples.

Tiered pricing is not available for all exchanges. Please review the list of exchanges offered below.



Australia - Tiered Fees
Monthly Trade Value (AUD) 5 Execution Fee 6 Minimum per Order
First 3,000,000 0.08% of trade value AUD 5
3,000,000 - 30,000,000 0.05% of trade value AUD 4
30,000,000 - 100,000,000 0.03% of trade value AUD 3
100,000,000 - 300,000,000 0.025% of trade value AUD 2
> 300,000,000 0.015% of trade value AUD 1


Australia - Exchange and Clearing Fees (per exchange)


Hong Kong- Tiered Fees
Monthly Trade Value (HKD) 5 Fee per Trade Value Minimum per Order
Hong Kong Warrants,
Structured Products
CNH-Denominated All Other
<= 15,000,000 0.080% HKD 12.00 CNH 15.00 HKD 18.00
15,000,001 – 300,000,000 0.050% HKD 10.00 CNH 10.00 HKD 12.00
300,000,001 – 900,000,000 0.030% HKD 8.00 CNH 7.00 HKD 8.00
900,000,001 – 2,000,000,000 0.020% HKD 6.00 CNH 5.00 HKD 6.00
> 2,000,000,000 0.015% HKD 4.00 CNH 3.00 HKD 4.00


Hong Kong - Exchange, Clearing and Pass-through Fees (per exchange)


India 2

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Stocks7 1 bps INR 6 INR 20


Japan - Tiered Fees
Monthly Trade Value (JPY) 6 Fee per Trade Value Minimum per Order
<= 150,000,000 0.050% JPY 80
150,000,001 – 3,000,000,000 0.040% JPY 70
3,000,000,001 – 9,000,000,000 0.030% JPY 60
9,000,000,001 – 20,000,000,000 0.020% JPY 40
20,000,000,001 - 100,000,000,000 0.015% JPY 30
> 100,000,000,000 0.010% JPY 20


Japan - Exchange and Clearing Fees (per exchange)


Singapore - Tiered Fees
Monthly Trade Value (SGD) 5 Fee per Trade Value Minimum per Order
SGD-Denominated Products USD-Denominated Products
<= 2,500,000 0.080% SGD 2.50 USD 2.00
2,500,001 – 50,000,000 0.050% SGD 1.60 USD 1.30
50,000,001 – 150,000,000 0.030% SGD 1.20 USD 1.00
> 150,000,000 0.020% SGD 0.90 USD 0.70


Singapore - External Fees (per exchange)


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. Stocks on the NSE are only available to Indian residents.
  3. IB commissions will be charged only on the opening leg in case of intra-day trades on the NSE (positions opened and closed on the same day). No commissions will be charged on the closing leg, other charges apply on both legs (such as STT, reg fees, exchange fees and etc).
  4. In cases where the IB minimum exceeds the 2.5% of trade value maximum permitted by the Securities Exchange Board of India (SEBI) and the National Stock Exchange (NSE) the minimum will be 2.5% of trade value.
  5. Volumes considered for tiers will include only those trades for which commissions are charged.
  6. In addition, IB will pass through external exchange and clearing costs.
  7. Up to per order value of INR 1,000,000. Portion of order above INR 1,000,000 will be charged 2 bps.

  • Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Tiered pricing structure will count towards the monthly volume. Share volumes for advisor, institution, 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.
  • Please note that directed API orders cannot use the Tiered fee structure. Smart-routed API orders can use either the Tiered or Fixed structure.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

Commissions

Stocks, ETFs (ETPs) and Warrants - Tiered Pricing Structure

For options, we offer Fixed and Tiered commissions that depend on region.

Options pricing structures are defined per region/denomination and cannot be changed by the client.


Fixed Plans

Fixed plans charge a single flat rate per contract that includes all commissions and all exchange, regulatory and other third party fees, plus VAT (also referred to as consumption tax or goods and services tax) where applicable.



Tiered Plans

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



Options commission rates:

__% lower than our competitors.

US Commission Rates Comparison 2 1 Stock Option
Interactive Brokers
$1.00
E-Trade
$6.95
Fidelity
$4.95
Schwab
$4.95
TD Ameritrade
$6.95

Interactive Brokers has lower commission rates for larger volumes and comparable rates worldwide.



Barron's Best Online Broker Award

2019 Awards

Rated #1 - Best Online Broker
Best for Mobile Traders
Best for Frequent Traders
Best for International Traders
Lowest Cost Broker
Rated Low Cost Online Broker for 18 Years in a Row 3

Disclosures
  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. Rates were obtained on September 3, 2019 from each firm's website. Services vary by firms. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Supporting documentation for any claims and statistical information will be provided upon request.
  3. Low Cost Rated by Barron's 18 Years Straight - Low cost broker 2002 through 2019 according to Barron's online broker review. 2002 - 5 Stars, 2003 - 4.9 Stars, 2004 - 5 Stars, 2005 - 5 Stars, 2006 - 5 Stars, 2007 - 4.8 Stars, 2008 - 4.5 Stars, 2009 - 4.5 Stars, 2010 - 4.2 stars, 2011 - 4.5 stars, 2012 - 4.3 stars, 2013 - 4.5 stars, 2014 - 4.5 stars, 2015 - 4.5 stars, 2016 - 4.5 stars, 2017 - 4.5 stars, 2018 - 4.5 stars, 2019 - "Interactive Brokers continues to lead as well in terms of pricing". Interactive Brokers earned a 4.5 star ranking in the February 25, 2019 Barron's Annual Best Online Brokers - “Best Online Brokers of 2019”. Criteria included Trade Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Education and Security, and Costs. Barron's is a registered trademark of Dow Jones & Co. Inc.

Commissions

Options - Overview

Discount options brokers: USAUnited States - Smart Routed: Tiered Commissions
Contract Volume (per month)5 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 0.70 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 1.40
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") 2, 3 USD 0.03790 per contract


Options trading fees: USAUnited States - Transaction Fees
Commissions
Transaction Fees 4 USD 0.0000207 * 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: CanadaCanada: Tiered Commissions
Contract Volume (per month)5 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


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'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 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.
  5. Volumes on both US and Canadian markets contribute to sliding scale.

  • 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.
  • 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 0.70
    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.

Commissions

Options - North America Pricing Structure

Tiered

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.


View Pricing Structure

Fixed

Fixed plans charge a single flat rate per contract that includes all commissions and all exchange, regulatory and other third party fees, plus VAT (also referred to as consumption tax or goods and services tax) where applicable.


View Pricing Structure

Tiered Pricing Structure

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.



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 2

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 3
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. Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer.
  2. 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.
  3. Note, index options traded under the cost+ model 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.
  4. Index and stock options will not be combined for the determination of the monthly tiers. Index options will continue to be combined with the monthly volume tiers for future and future options.
  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.

  • 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.
  • 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

Fixed Pricing Structure

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.

Commissions

Options - Europe Pricing Structure

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


Australian Index Options – Volume Incentive Tiers1,9

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.10

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


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 5 0.2% of option value + exchange fee of HKD 1.00per contract HKD 18.00
SEHK Tier III Options5 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
Options7 1 bps INR 6 INR 20 8


Options pricing: JapanJapan
Commissions Minimum
N225 Options (weekly and monthly) 3 12bps per Trade Value plus external fees JPY 100 per order
Stock Options (TSEJ) 4 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. The cost of an exercise or assignment of the monthly Nikkei contract is 6 bps with a maximum of JPY 420 per contract for both Tiered Fixed and Tiered Volume Incentive models. The cost of an exercise or assignment of the weekly Nikkei contract is 130 JPY for both Tiered Fixed and Tiered Volume Incentive models.
  4. Introductory rate. This rate is subject to change.
  5. Tier II stock options are options on the following underlying symbols: 3, 4, 11, 17, 66, 135, 267, 293, 386, 388, 489, 762, 788, 857, 883, 902, 914, 1088(CSB only), 1171, 1211, 1339, 1359, 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, 992, 998, 1088(CSE only), 1186, 1398, 1800, 1880, 1898, 1919, 2038, 2282, 2333, 2600, 2777, 2888, 2899, 3328, 3800, 3988.
  6. IBKR's commission models are not guaranteed 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.
  7. For first 100 lots. Portion of order above 100 lots will be charged at INR 5 per lot.
  8. The maximum per order for NRIs will be INR 150
  9. Index Option volume will be combined with the Future and FOP trading volume for the tier break consideration.
  10. 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.

  • 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.
  • Cost-Plus 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 - Asia-Pacific Pricing Structure

Non-Trading Permit Holders, non-broker/dealer and professional customers may be eligible for the CBOE Frequent Trader program. Under the program, rebates may be provided on certain CBOE proprietary products. Clients must contact the exchange directly regarding the application and approval process. Once enrolled, clients should notify IBKR by email at memberpricing@interactivebrokers.com to ensure their orders are routed with the proper FTID designation. Once enrolled, rebates will be provided directly from the CBOE.



Commissions

Options - Exchange Incentive Program

Tiered

Transparent Volume-Tiered Pricing
  • Our low broker commission, which decreases depending on volume, plus exchange, regulatory and overnight position fees.
  • If you trade in large volumes or tend to add liquidity, generally you will benefit from our Tiered structure. 1
  • Same for both US and non-US markets.



Fixed

Fixed Rate Pricing
  • US Markets - Charges a fixed rate low commission plus exchange, regulatory and clearing fees.
  • Non-US Markets - Single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and overnight position fees.



Futures commission rates:

__% lower than our competitors.

US Commission Rates Comparison 2 1 E-Mini S&P 500 Future
Interactive Brokers
$0.85
E-Trade
$6.95
Fidelity
$4.95
Schwab
$4.95
TD Ameritrade
$6.95

Interactive Brokers has lower commission rates for larger volumes and comparable rates worldwide.



Barron's Best Online Broker Award

2019 Awards

Rated #1 - Best Online Broker
Best for Mobile Traders
Best for Frequent Traders
Best for International Traders
Lowest Cost Broker
Rated Low Cost Online Broker for 18 Years in a Row 3

Disclosures
  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. Rates were obtained on September 3, 2019 from each firm's website. Services vary by firms. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Supporting documentation for any claims and statistical information will be provided upon request.
  3. Low Cost Rated by Barron's 18 Years Straight - Low cost broker 2002 through 2019 according to Barron's online broker review. 2002 - 5 Stars, 2003 - 4.9 Stars, 2004 - 5 Stars, 2005 - 5 Stars, 2006 - 5 Stars, 2007 - 4.8 Stars, 2008 - 4.5 Stars, 2009 - 4.5 Stars, 2010 - 4.2 stars, 2011 - 4.5 stars, 2012 - 4.3 stars, 2013 - 4.5 stars, 2014 - 4.5 stars, 2015 - 4.5 stars, 2016 - 4.5 stars, 2017 - 4.5 stars, 2018 - 4.5 stars, 2019 - "Interactive Brokers continues to lead as well in terms of pricing". Interactive Brokers earned a 4.5 star ranking in the February 25, 2019 Barron's Annual Best Online Brokers - “Best Online Brokers of 2019”. Criteria included Trade Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Education and Security, and Costs. Barron's is a registered trademark of Dow Jones & Co. Inc.

Commissions

Futures and FOPs - Overview

North America

Our transparent Fixed pricing for futures in US markets includes our low broker commission plus exchange, regulatory and clearing fees. You are not charged a overnight position fee for positions held overnight. 1



United States
Commission per Contract
USD EUR GBP CAD CHF HKD AUD SEK SGD JPY CNH
US-Future and Future Options 0.85 0.65 0.60 0.85 0.95 7.00 0.95 6.50 1.20 85.00 5.50
NYBOT Russell 1000 and 2000 Index 0.45 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Globex e-mini FX Futures 0.50 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Globex e-micro FX Futures 0.15 N/A N/A 0.15 0.15 N/A N/A N/A N/A 15.00 1.00
CFE Bitcoin - GXBT 5.00 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
CME Bitcoin - BRR 10.00 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
CME: MES, MNQ, M2K
CBOT: MYM
NYMEX: MGC, SIL
0.25 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

1 ES Futures Contract = IBKR Execution Fee USD 0.85 + Exchange Fee USD 1.18 + Clearing Fee USD 0.00 + Regulatory Fee USD 0.02 = USD 2.05


United States - Exchange, Regulatory, and Vendor Fees 4


Canada
Commissions per Contract Minimum per Order
All CAD 2.40 CAD 2.40

1 Roundturn = CAD 4.80


Mexico
Commissions per Contract Minimum per Order
Forex Futures (USD) MXN 20.00 MXN 20.00
AMXL, CEMEXCPO, FEMSAUBD, GCARSOA1, TELMEXL, Forex Futures (EUR) MXN 25.00 MXN 25.00
BONO3, IPC Options MXN 40.00 MXN 40.00
IPC, BONO10 MXN 50.00 MXN 50.00

Forex Futures (USD):
1 Roundturn = MXN 40.00

AMXL, CEMEXCPO, FEMSAUBD, GCARSOA1, TELMEXL, Forex Futures (EUR):
1 Roundturn = MXN 50.00

BONO3, IPC Options:
1 Roundturn = MXN 80.00

PC, BONO10:
1 Roundturn = MXN 100.00



Europe

Our Fixed pricing for futures 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.




Belgium
Commissions per Contract Minimum per Order
All EUR 4.50 EUR 4.50

1 Roundturn = EUR 9.00


France
Commissions per Contract Minimum per Order
Mini-CAC40 Futures EUR 0.40 EUR 0.40
All Other EUR 2.00 EUR 2.00

1 Roundturn = EUR 4.00


Germany
Commissions per Contract Minimum per Order
All (including SSF) EUR 2.00 EUR 2.00
Mini-DAX Index EUR 0.80 EUR 0.80

1 Roundturn = EUR 4.00


Italy
Commissions per Contract Minimum per Order
SPMIB30, MFIB EUR 3.00 EUR 3.00
Mini MFIB30 EUR 2.00 EUR 2.00

SPMIB30, MFIB:
1 Roundturn = EUR 6.00

Mini MFIB30:
1 Roundturn = EUR 4.00


Netherlands
Commissions per Contract Minimum per Order
Mini-AEX Futures EUR 0.55 EUR 0.55
Index Futures EUR 2.80 EUR 2.80
Single Stock Futures EUR 2.00 EUR 2.00
All Other Futures EUR 3.00 EUR 3.00

Index Futures
1 Roundturn = EUR 5.60


Norway
Commissions per Contract Minimum per Order
Index Futures NOK 12.00 NOK 12.00
Stock Futures 0.05% of Trade Value N/A

1 Index Futures Roundturn = NOK 24.00


Spain
Commissions per Contract Minimum per Order
IBEX35 EUR 3.00 EUR 3.00
Mini IBEX35 Futures EUR 0.90 EUR 0.90
Mini IBEX35 Options EUR 0.80 EUR 0.80
Single Stock Futures EUR 2.00 EUR 2.00

IBEX35:
1 Roundturn = EUR 6.00

Mini IBEX35 Futures:
1 Roundturn = EUR 1.80

Mini IBEX35 Options:
1 Roundturn = EUR 1.60

Single Stock Futures:
1 Roundturn = EUR 4.00


Sweden
Commissions per Contract Minimum per Order
All not listed below SEK 20.00 SEK 20.00
Index Futures SEK 12.00 SEK 12.00
Stock Futures 0.05% of Trade Value N/A

1 Roundturn = SEK 40.00


Switzerland
Commissions per Contract Minimum per Order
All (including SSF) CHF 4.00 CHF 4.00

1 Roundturn = CHF 8.00


United Kingdom
Commissions per Contract Minimum per Order
All not listed below GBP 1.70 GBP 1.70
CHF-denominated not listed below CHF 2.50 CHF 2.50
EUR-denominated not listed below EUR 2.00 EUR 2.00
LIFFE Coffee and Sugar USD 3.10 USD 3.10
Intercontinental Exchange (USD Denominated Contracts) USD 2.40 USD 2.40
LME OTC Lookalike Platform: AH, CA, ZSLME, PB USD 7.30 USD 7.30
LME OTC Lookalike Platform: NI USD 7.05 USD 7.05
LME OTC Lookalike Platform: SNLME USD 6.05 USD 6.05
Single Stock Futures (GBP Denominated Contracts) GBP 1.70 GBP 1.70
Single Stock Futures (USD Denominated Contracts) USD 2.75 USD 2.75
Single Stock Futures (EUR Denominated Contracts) EUR 2.50 EUR 2.50
Single Stock Futures (CHF Denominated Contracts) CHF 3.75 CHF 3.75
IPE - UCA, UCX, NCF, RDAM USD 9.75 USD 9.75
IPE – Emissions Contracts EUR 6.00 EUR 6.00

All Not Listed Below:
1 Roundturn = GBP 3.40

LIFFE Coffee and Sugar:
1 Roundturn = USD 6.20

Intercontinental Exchange (USD Denominated Contracts):
1 Roundturn = USD 4.80

Single Stock Futures (GBP Denominated Contracts):
1 Roundturn = GBP 3.40

Single Stock Futures (USD Denominated Contracts):
1 Roundturn = USD 5.50

Single Stock Futures (EUR Denominated Contracts):
1 Roundturn = EUR 5.00

Single Stock Futures (CHF Denominated Contracts):
1 Roundturn = CHF 7.50

LME OTC Lookalike Platform SNLME:
1 Roundturn = USD 12.10



Asia-Pacific

Our Fixed pricing for futures 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.




Australia
Commissions per Contract Minimum per Order
VW, WH and BA AUD 6.25 AUD 6.25
SPI - Mini Futures AUD 1.00 AUD 1.00
All Other AUD 5.00 AUD 5.00

1 Roundturn = AUD 10.00


Hong Kong
Commissions per Contract Minimum per Order
HSI, CHH, CES120 HKD 30.00 HKD 30.00
MHI HKD 17.00 HKD 17.00
HFI.HK, HHI, MCH HKD 20.00 HKD 20.00
CNH - Denominated CNH 13.00 CNH 13.00
USD - Denominated USD 2.40 USD 2.40
Single Stock Futures HKD 20.00 HKD 20.00

HSI:
1 Roundturn = HKD 60.00

MHI:
1 Roundturn = HKD 34.00

HFI.HK, HHI, MCH:
1 Roundturn = HKD 40.00

HKG, HKS
1 Roundturn = USD 2.60

Single Stock Futures:
1 Roundturn = HKD 40.00


India

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Futures3 1 bps INR 6 INR 205


Japan
Commissions per Contract Minimum per Order
JGB and all products not listed below JPY 500 JPY 500
TOPX, NKVI, N225 (futures) JPY 400 JPY 400
N225 Mini (futures) JPY 40 JPY 40
MNTPX, TPXC30, TSEREIT, JPNK400, TSEMOTHR JPY 50 JPY 50
MJ JPY 85 JPY 85

All Products Not Listed Below:
1 Roundturn = JPY 1000

JGB:
1 Roundturn = JPY 1000

N225:
1 Roundturn = JPY 800

N225 Mini:
1 Roundturn = JPY 80

MNTPX:
1 Roundturn = JPY 100

MJ:
1 Roundturn = JPY 170


Singapore
Commissions per Contract Minimum per Order
SSG SGD 4.00 SGD 4.00
US SGD 3.60 SGD 3.60
SEY and all JPY products not listed below JPY 300 JPY 300
UJ JPY 360 JPY 360
AJ and KJ JPY 285 JPY 285
SGXNK (NIY on SGXCME) (futures only) JPY 225 JPY 225
SGXNKM JPY 50 JPY 50
SGB JPY 85 JPY 85
CN (XINA50 China Index Futures) USD 2.85 USD 2.85
SCI future (Iron Ore) USD 3.25 USD 3.25
TH USD 2.25 USD 2.25
MD USD 3.25 USD 3.25
CY USD 1.80 USD 1.80
USD-denominated products not listed above USD 2.85 USD 2.85
UC CNH 11.20 CNH 11.20

SSG:
1 Roundturn = SGD 10.00

SEY:
1 Roundturn = JPY 600

SGXNKM :
1 Roundturn = JPY 100


South Korea
Commissions Minimum per Order
All not listed below 0.004% of Trade Value N/A
Stock futures 0.04% of Trade Value N/A
KWY futures 1,500 per contract N/A

1 Roundturn = 2 Contracts @ KRW 200 (500,000 Multiplier) = 200,000,000 x 0.004% = KRW 8,000


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. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts at the time of the trade. Only contracts that are traded while under the Volume Tiered pricing structure will count towards the monthly volume. Contract volumes for advisor, institutions, 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 1,500 US contracts in a month, your IBKR execution costs would be: 1,000 contracts at USD 0.60 and 500 contracts at USD 0.45
  3. For first 100 lots. Portion of order above 100 lots will be charged at INR 5 per lot.
  4. Non-member exchange and regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
  5. The maximum per order for NRIs will be INR 150.

  • Commissions apply to all order types.
  • All fees are charged in the currency of the traded product.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.

  • The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. Click here for details.
  • Single Stock Futures are not available for volume tiered pricing.

Commissions

Futures and FOPs - Fixed Pricing Structure

North America

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


United States - Cost-Plus Tiered Commission per Contract
Volume (per month) 2 USD EUR GBP CAD CHF HKD AUD SEK SGD JPY CNH
<= 1,000 Contracts 0.85 0.65 0.60 0.85 0.95 7.00 0.95 6.50 1.20 85.00 5.50
1,001 - 10,000 Contracts 0.65 0.50 0.45 0.65 0.75 5.50 0.75 5.00 1.00 65.00 4.50
10,001 - 20,000 Contracts 0.45 0.40 0.30 0.45 0.55 4.00 0.55 3.75 0.65 45.00 3.00
> 20,000 Contracts 0.25 0.20 0.15 0.25 0.30 2.00 0.30 2.00 0.35 25.00 2.00

1 ES Futures Contract = IBKR Execution Fee USD 0.85 + Exchange Fee USD 1.18 + Clearing Fee USD 0.00 + Regulatory Fee USD 0.02 = USD 2.05


United States - Cost-Plus Tiered Commission per Contract for CME Group E-mini and E-micro Products 6
E-mini FX Futures CME: MES, MNQ, M2K
CBOT: MYM
NYMEX: MGC, SIL
E-micro FX Futures
Volume (per month) 2 USD USD USD CAD CHF JPY CNH
<= 1,000 Contracts 0.50 0.25 0.15 0.15 0.15 15.00 1.00
1,001-10,000 Contracts 0.40 0.20 0.12 0.12 0.12 12.00 0.75
10,001-20,000 Contracts 0.30 0.15 0.08 0.08 0.08 8.00 0.50
> 20,000 Contracts 0.15 0.10 0.05 0.05 0.05 5.00 0.35

1 E7 Futures Contract = IBKR Execution Fee USD 0.5 + Exchange Fee USD 0.85 + Clearing Fee USD 0.00 + Regulatory Fee USD 0.02 = USD 1.37


Canada - Cost-Plus Tiered Commission per Contract
Volume (per month) 2 CAD
<= 1,000 Contracts 1.25
1,001 - 10,000 Contracts 0.80
10,001 - 20,000 Contracts 0.60
> 20,000 Contracts 0.30

1 TSE60 Futures Contract = IBKR Execution Fee CAD 0.85 + Exchange Fee CAD 1.12 + Clearing Fee CAD 0.00 + Regulatory Fee CAD 0.03 = CAD 2.00


United States - Overnight Position Fee per Contract 3
USD EUR GBP CAD CHF HKD AUD SEK SGD JPY CNH
3x Margin Requirements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2x Margin Requirements 0.05 0.04 0.035 0.05 0.05 0.40 0.075 0.40 0.10 5.00 0.325
Meets Margin Requirements 0.10 0.08 0.07 0.10 0.10 0.80 0.15 0.80 0.20 10.00 0.65


United States - Overnight Position Fee per Contract 3 for Globex FX E-mini and E-micro Products
E-mini FX Futures E-micro FX Futures
US USD CAD CHF JPY CNH
3x Margin Requirements 0.00 0.00 0.00 0.00 0.00 0.00
2x Margin Requirements 0.025 0.005 0.005 0.005 0.50 0.0325
Meets Margin Requirements 0.05 0.01 0.01 0.01 1.00 0.065

If held overnight, additional USD 0.01 per contract.


Canada - Overnight Position Fee per Contract 3
USD EUR GBP CAD CHF HKD AUD SEK SGD JPY CNH
3x Margin Requirements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2x Margin Requirements 0.05 0.04 0.035 0.05 0.05 0.40 0.075 0.40 0.10 5.00 0.325
Meets Margin Requirements 0.10 0.08 0.07 0.10 0.10 0.80 0.15 0.80 0.20 10.00 0.65

If held overnight, additional CAD 0.10 per contract.


United States - Exchange, Regulatory, and Vendor Fees 4


Canada - Exchange and Regulatory Fees


Execution Only 5

The below schedule of fees applies only to clients who execute futures trades with IBKR and then give them up for carrying by another broker.


IBKR Execution Fee per Contract
Volume (per month) 2 USD EUR GBP CAD CHF HKD AUD SEK SGD JPY
<= 1,000 Contracts 0.60 0.45 0.40 0.60 0.65 5.00 0.65 4.50 0.85 60.00
1,001 - 10,000 Contracts 0.45 0.35 0.30 0.45 0.50 4.00 0.50 3.50 0.70 45.00
10,001 - 20,000 Contracts 0.35 0.30 0.20 0.35 0.40 3.00 0.40 3.00 0.50 35.00
> 20,000 Contracts 0.25 0.20 0.15 0.25 0.30 2.00 0.30 2.00 0.35 25.00

One Execution Only Futures Contract = USD 0.60


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. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts, regardless of the exchange on which they trade, at the time of the trade. Only contracts that are traded while under the Volume Tiered pricing structure will count towards the monthly volume. Contract volumes for advisor, institutions, 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 1,500 US contracts in a month, your IBKR execution costs would be: 1,000 contracts at USD 0.60 and 500 contracts at USD 0.45
  3. Overnight position charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight. The overnight position fee for accounts with excess equity in between the minimum requirement and 3x the minimum will have their overnight position fees extrapolated based on the table above.
  4. Non-member exchange and regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
  5. Exchange and Regulatory fees only apply for CFE.
  6. For the purpose of determining the monthly volume tier, each Globex e-mini FX product will count as ½ the volume of one standard size future contract. Each CME Group e-micro product will count as 1/10 the volume of one standard size future contract, i.e. for every 10 e-micro Globex product traded, the monthly volume will increase by 1.

  • Commissions apply to all order types.
  • All fees are charged in the currency of the traded product.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.
  • The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. Click here for details.
  • Single Stock Futures are not available for volume tiered pricing.



Europe

Our transparent Tiered pricing for futures in non-US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and overnight position fees. 5



Cost-Plus Tiered Commission per Contract (unless otherwise noted)
Contract Volume (per month) 1 USD EUR GBP CAD CHF HKD AUD SGD SEK NOK CNH
<= 1,000 1.05 0.90 0.65 6 1.25 1.40 8.50 3.55 2.25 10 10 5.50
1,001 - 10,000 0.65 0.60 0.45 0.80 0.90 5.00 2.60 1.50 8 8 4.50
10,001 - 20,000 0.45 0.40 0.30 0.60 0.60 3.50 1.80 1.00 6 6 3.00
> 20,000 0.25 0.25 0.15 0.30 0.35 2.00 1.00 0.65 4 4 2.00

1 CAC40 Futures Contract = IBKR Execution Fee EUR 0.90 + Exchange Fee EUR 0.17 + Clearing Fee EUR 0.13 + Regulatory Fee EUR 0.00 = EUR 1.20


Cost-Plus Tiered Commission per Contract for AEX/CAC40 Minis and IBEX Minis
Contract Volume (per month) AEX/CAC40 Minis: EUR DAX/IBEX Minis: EUR 4
<= 1,000 0.20 0.50
1,001 - 10,000 0.12 0.35
10,001 - 20,000 0.08 0.30
> 20,000 0.05 0.28

1 Mini CAC40 Futures Contract = IBKR Execution Fee EUR 0.20 + Exchange Fee EUR 0.03 + Clearing Fee EUR 0.015 + Regulatory Fee EUR 0.00 = EUR 0.245


Europe - Overnight Position Fee per Contract 2
Product Currency US EUR GBP CAD CHF HKD AUD SGD SEK NOK INR JPY 6 CNH
3x Margin Requirements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2x Margin Requirements 0.05 0.04 0.035 0.05 0.05 0.40 0.075 0.10 0.35 0.35 0.00 5.00 0.325
Meets Margin Requirements 0.10 0.08 0.07 0.10 0.10 0.80 0.15 0.20 0.70 0.70 0.00 10.00 0.65

If held overnight, additional EUR 0.08 per contract.


Exchange and Regulatory Fees - Europe 3


Execution Only

The below schedule of fees applies only to clients who execute futures trades with IBKR and then give them up for carrying by another broker.


Execution Fee per Contract
Volume (per month) 1 USD EUR GBP CAD CHF HKD AUD SGD SEK JPY
<= 1,000 Contracts 0.75 0.65 0.45 0.90 1.00 6.00 2.65 1.60 7 130
1,001 - 10,000 Contracts 0.45 0.40 0.30 0.55 0.60 3.50 2.00 1.00 6 90
10,001 - 20,000 Contracts 0.35 0.30 0.20 0.45 0.45 2.75 1.50 0.75 5 70
> 20,000 Contracts 0.25 0.25 0.15 0.30 0.35 2.00 1.00 0.65 4 60

1 Execution Only Futures Contract = EUR 0.65


Notes:

  1. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts, regardless of the exchange on which they trade, at the time of the trade. Only contracts that are traded while under the Cost-Plus Tiered pricing structure will count towards the monthly volume. Contract volumes for advisor, institutions, 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 1,500 EUR contracts in a month, your IBKR execution costs would be:
    1,000 contracts at EUR 0.65
    500 contracts at EUR 0.40

  2. Overnight position charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight. The overnight position fee for accounts with margin in between the minimum requirement and 3x the minimum will have their overnight position fees extrapolated based on the table above.
  3. Non-member regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
  4. For the purpose of determining the monthly volume tier, each mini future contract will count as 1/10 of the volume of one standard size future contract, i.e. for every 10 N225M / MJ / MNTPX / JPNK400 futures contracts traded, the monthly volume will increase by 1.
  5. 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.
  6. GBP index option Cost+ commissions will start at 0.60.

  • Commissions apply to all order types.
  • All fees are charged in the currency of the traded product.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.

  • The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. Click here for details.
  • Single Stock Futures are not available for Cost-Plus pricing.
  • European Index Options are available for Cost-Plus Tiered pricing.



Asia-Pacific

Our transparent Tiered pricing for futures in non-US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and overnight position fees. 7



Cost-Plus Tiered Commission per Contract (unless otherwise noted)
Contract Volume (per month) 1 USD EUR GBP CAD CHF HKD AUD SGD SEK NOK CNH
<= 1,000 1.05 0.90 0.65 9 1.25 1.40 8.50 3.55 2.25 10 10 5.50
1,001 - 10,000 0.65 0.60 0.45 0.80 0.90 5.00 2.60 1.50 8 8 4.50
10,001 - 20,000 0.45 0.40 0.30 0.60 0.60 3.50 1.80 1.00 6 6 3.00
> 20,000 0.25 0.25 0.15 0.30 0.35 2.00 1.00 0.65 4 4 2.00

1 SPI Futures Contract = IBKR Execution Fee AUD 3.55 + Exchange Fee AUD 1.10 + Clearing Fee AUD 0.20 + Regulatory Fee AUD 0.00 = AUD 4.85


Australia - Cost-Plus Tiered Commission per Contract for SPI Minis
Contract Volume (per month) 8 SPI Minis: AUD
<= 1,000 0.75
1,001 - 10,000 0.55
10,001 - 20,000 0.35
> 20,000 0.20

1 Mini SPI Futures Contract = IBKR Execution Fee AUD 0.75 + Exchange Fee AUD 0.275 + Clearing Fee AUD 0.04 + Regulatory Fee AUD 0.00 = AUD 1.065


India

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Futures10 1 bps INR 6 INR 2011


Japan - Cost-Plus Tiered Commission per Contract (unless otherwise noted)
JPY
Contract Volume (per month) 1 NKVI / N225 / N225M FUT 4 JGB MJ / SGXNKM / SGB TOPX MNTPX / TPXC30 / TSEREIT / JPNK400 / TSEMOTHR N225 OPT 5 All Other
<= 1,000 280 / 28 350 50 280 38 12 bps 230
1,001 - 10,000 210 / 21 295 45 210 31 10 bps 160
10,001 - 20,000 150 / 15 255 41 150 25 8 bps 115
> 20,000 100 / 10 225 38 100 20 6 bps 60

1 N225 Futures Contract = IBKR Execution Fee JPY 280 + Exchange Fee JPY 110 + Clearing Fee JPY 20 + Regulatory Fee JPY 0.00 = JPY 410.

If held overnight, additional JPY 10 per contract.


Asia-Pacific - Overnight Position Fee per Contract 2
Product Currency US EUR GBP CAD CHF HKD AUD SGD SEK NOK INR JPY CNH
3x Margin Requirements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2x Margin Requirements 0.05 0.04 0.035 0.05 0.05 0.40 0.075 0.10 0.35 0.35 0.00 5.00 0.325
Meets Margin Requirements 0.10 0.08 0.07 0.10 0.10 0.80 0.15 0.20 0.70 0.70 0.00 10.00 0.65

If held overnight, additional AUD 0.15 per contract.


Exchange and Regulatory Fees - Asia-Pacific 3
Australia
SNFE
Hong Kong
HKFE
Japan
OSE
Singapore
SGX


Execution Only

The below schedule of fees applies only to clients who execute futures trades with IBKR and then give them up for carrying by another broker.


Execution Fee per Contract
Volume (per month) 1 USD EUR GBP CAD CHF HKD AUD SGD SEK JPY
<= 1,000 Contracts 0.75 0.65 0.45 0.90 1.00 6.00 2.65 1.60 7 130
1,001 - 10,000 Contracts 0.45 0.40 0.30 0.55 0.60 3.50 2.00 1.00 6 90
10,001 - 20,000 Contracts 0.35 0.30 0.20 0.45 0.45 2.75 1.50 0.75 5 70
> 20,000 Contracts 0.25 0.25 0.15 0.30 0.35 2.00 1.00 0.65 4 60


Notes:

  1. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts, regardless of the exchange on which they trade, at the time of the trade. Only contracts that are traded while under the Cost-Plus Tiered pricing structure will count towards the monthly volume. Contract volumes for advisor, institutions, 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 1,500 EUR contracts in a month, your IBKR execution costs would be:
    1,000 contracts at EUR 0.65
    500 contracts at EUR 0.40

  2. Overnight position charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight. The overnight position fee for accounts with margin in between the minimum requirement and 3x the minimum will have their overnight position fees extrapolated based on the table above.
  3. Non-member regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
  4. For the purpose of determining the monthly volume tier, each mini future contract will count as 1/10 of the volume of one standard size future contract, i.e. for every 10 N225M / MJ / MNTPX / JPNK400 futures contracts traded, the monthly volume will increase by 1.
  5. per Order minimum of YEN 100 applies.
  6. The overnight position cost on the following mini-future products Singapore-listed SGXNKM and SGB; Osaka-listed N225M; Tokyo-listed MJ, MNTPX and JPNK400 will be:

    JPY
    3x Margin Requirements 0.00
    2x Margin Requirements 0.50
    Meets Margin Requirements 1.00

  7. 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.
  8. For the purpose of determining the monthly volume tier, each Euronext mini product will count as 1/10 the volume of one standard size future contract, i.e. for every 10 mini contracts traded, the monthly volume will increase by 1. Each mini DAX contract will count as 1/2 the volume of one standard size future contract.
  9. GBP index option Cost+ commissions will start at 0.60.
  10. For first 100 lots. Portion of order above 100 lots will be charged at INR 5 per lot.
  11. The maximum per order for NRIs will be INR 150.

  • Commissions apply to all order types.
  • All fees are charged in the currency of the traded product.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.

  • The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. Click here for details.
  • Single Stock Futures are not available for Cost-Plus pricing.
  • European and Asian Index Options are available for Cost-Plus Tiered pricing.

Commissions

Futures and FOPs - Tiered Pricing Structure

Members, arcades, and proprietary traders operating under a special exchange program may be entitled to special exchange fee pricing. At this time, IBKR supports pricing for several incentive programs available through the CME (electronic ECBOT, GLOBEX and NYMEX). While clients must contact the exchange directly regarding the application and approval process, IBKR strongly recommends that clients contact IBKR by email at memberpricing@interactivebrokers.com for details on the incentive programs currently supported by IBKR. Additionally it is the client's obligation to notify IBKR of any incentive program membership. IBKR will need to independently verify the account’s status with the exchange. If verified, reduced exchange fees will go into effect within 2 weeks of IBKR receiving verification. Reduced fees will not be retroactively applied for trading done prior to IBKR being notified and confirming the account’s incentive program status.



Commissions

Futures and FOPs - Exchange Incentive Program

US SSFs


US Single Stock Futures (SSFs), and Futures on NBIs are only offered on the Tiered pricing structure, which calculates commissions based on volume. Your total cost will include IBKR commissions plus any exchange, regulatory and carrying fees.


View Pricing Structure



SGX SSFs


India Single Stock Futures (SSFs) on SGX. Your total cost will include IBKR commissions plus any exchange, and clearing fees.




View Pricing Structure



EFPs


EFP orders routed to IBEFP receive all-in Fixed pricing. EFP orders that are not routed to the IBEFP may be charged commissions and daily carrying fees on the stock leg and SSF leg separately.



View Pricing Structure



South Korea


Our Fixed pricing for futures 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.


View Pricing Structure




Hong Kong Futures Exchange


Our Fixed pricing for futures 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.


View Pricing Structure



Commissions

SSFs/EFPs - Overview

IBKR Commission per Trade Value
Volume (per month) SSFs
<= 1,000,000 .70 bps
1,000,000 – 5,000,000 0.525 bps
> 5,000,000 0.35 bps


Exchange Fees
All SSFs
OneChicago Products 0.0005% Trade Value


Carry Fees
All SSFs
OneChicago Products 0.0000875% Open Position Value, charged daily


Delivery Fees
All SSFs
OneChicago Products 0.00% Delivery Value


Clearing Fees
All SSFs
OCC USD 0.55 per contract, max 55.00 per trade


Regulatory Fees
All SSFs
FINRA USD 0.00004 per contract, min 0.05 per order
Transaction Fees USD 0.0021 per contract


Notes:

  • Commissions apply to all order types.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.
  • 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.
  • IBKR's Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IBKR’s Cost Plus 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.

Commissions

US SSFs - Pricing Structure

IBKR Commission
India Single Stock Futures on SGX 1 bps


Exchange Fees
India Single Stock Futures on SGX 1 bps


Clearing Fees
India Single Stock Futures on SGX 0.50 bps



Notes:

  • Commissions apply to all order types.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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

SGX SSFs - Pricing Structure

EFPs
Order Size 1 Flat Rate Commission per Contract
< 100 Contracts USD 0.50
100 - 499 Contracts USD 0.30
500 - 1,999 Contracts USD 0.25
2,000+ Contracts USD 0.20


Carry Fees
All SSFs
OneChicago Products 0.0000875% Open Position Value, charged daily


Delivery Fees
All SSFs
OneChicago Products 0.00% Delivery Value


Notes:

  1. Rates are not tiered on cumulative contracts or execution size, but rather order size. A 250 contract order, executing 50 contracts would be charged USD 0.30 per EFP contract.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included on the execution. External carry fees and delivery fees will apply to the stock future leg.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.
  • 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.
  • IBKR’s Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IBKR’s Cost Plus 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.

Commissions

EFPs - Pricing Structure

Our tight spreads and substantial liquidity are a result of combining quotation streams from 16 of the world's largest foreign exchange dealers which constitute more than 60%1 of the market share in the global interbank market. This results in displayed quotes as small as 0.1 PIP. IBKR passes through the prices that it receives and charges a separate low commission. We do this in the interest of providing a transparent pricing structure instead of marking up our quotes and charging nothing in commissions as is the practice with many forex brokers. Tiers are based on the combined Monthly Trade Value of Forex CFD and Spot Forex trades.


Monthly Trade Amount 2 Commissions Minimum per Order 2
USD <= 1,000,000,000 0.20 basis point 3 * Trade Value 4 USD 2.00
USD 1,000,000,001 - 2,000,000,000 0.15basis point 3 * Trade Value 4 USD 1.50
USD 2,000,000,001 - 5,000,000,000 0.10basis point 3 * Trade Value 4 USD 1.25
USD > 5,000,000,000 0.08basis point 3 * Trade Value 4 USD 1.00

100,000 USD.EUR Forex Contracts = USD 2.00
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
67% of retail investor accounts lose money when trading CFDs with IBKR (UK).
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Notes:

  1. Source: Euromoney FX survey FX Poll 2018: The Euromoney FX survey is the largest global poll of foreign exchange service providers.
  2. Or USD currency equivalent
  3. 1 basis point=0.0001.
  4. Commissions for forex trades are calculated off the trade value and then converted and charged to the base currency of the account.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • 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.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.

Commissions

Forex - Pricing Structure

Gold USD/oz. (loco London), Silver USD/oz. (loco London)

Commissions apply to all order types and use a Fixed pricing structure in which all exchange and regulatory fees are included.


IBKR Commissions
Monthly Trade Amount Commissions Minimum per Order
All 0.15 basis point 1 *Trade Value USD 2.00

Storage Cost Fees
All Storage cost 0.10% per annum.

Borrow Fees
Balance Cutoffs Borrow Fees Charged
Product Currency Tier I Tier II Below Tier I Between Tier I and Tier II Above Tier II
All USD 1,000,000 10,000,000 3.112%
(BM + 1%)
2.612%
(BM + 0.5%)
2.412%
(BM + 0.3%)

Assumes Benchmark is 1.183% and closing price 1275

Buy 500 XAUUSD Contracts at 1275 = IBKR Execution Fee 9.56 + Storage 1.77 = 11.33

Sell 500 XAUUSD Contracts at 1275 = IBKR Execution Fee 9.56 + Borrow Fee 38.66 = 48.22


Notes:

  1. 1 basis point=0.0001.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • 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 ounces is submitted and 100 ounces execute, then you modify the order and another 100 ounces execute, a commission minimum would be applied to both 100 ounces orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.

Commissions

Metals - Pricing Structure

Fixed Income uses a Tiered commission structure. Commissions are calculated based on volume and any external fees are added on.

North America


United States - Corporate & CDs
Commissions Minimum Maximum
First USD 10,000 in Face Value 0.1%* Face Value (10 bps) 1, 2 USD 1.00 per Order The smaller of $250 or 1% of Trade Value
Additional Face Value > USD 10,000 0.025%* Face Value (2.5 bps) 1, 2 None The smaller of $250 or 1% of Trade Value

USD 5,000 Face Value Order:
USD 5,000 Face Value = USD 5.00

USD 20,000 Face Value Order:
USD 20,000 Face Value = (0.1% x 10,000) + (0.025% x 10,000)
= USD 10.00 + USD 2.50
= USD 12.50


United States - Municipal Bonds
Commissions Minimum per Order Maximum per Order
First USD 10,000 in Face Value 0.05% * Face Value (5 bps) 1, 2 USD 1.00 The smaller of $125 or 1% of Trade Value
Additional Face Value > USD 10,000 0.0125% * Face Value (1.25 bps) 1, 2 None The smaller of $125 or 1% of Trade Value

USD 5,000 Face Value Order:
USD 5,000 Face Value = USD 2.50

USD 20,000 Face Value Order:
USD 20,000 Face Value = (0.05% x 10,000) + (0.0125% x 10,000)
= USD 5.00 + USD 1.25
= USD 6.25


United States - Treasuries (Bills, Notes, Bonds)
Commissions Minimum per Order Maximum per Order
First USD 1,000,000 in Face Value 0.002%* Face Value (0.2 bps) 1 USD 5.00 None
Additional Face Value > USD 1,000,000 0.0001%* Face Value (0.01 bps) 1 USD 5.00 None

USD 1,000,000 Face Value Order:
USD 1,000,000 Face Value = (0.002% x 1,000,000)
= USD 20.00

USD 2,000,000 Face Value Order:
USD 2,000,000 Face Value = (0.002% x 1,000,000) + (0.0001% x 1,000,000)
= USD 20.00 + USD 1.00
= USD 21.00


United States - External Fees

External fees are passed through at cost.



United States - Transaction Fees
Fees
FINRA Trading Activity Fee USD 0.00075 * Quantity Sold 3


Notes:

  1. 1 basis point=$0.0001
  2. Commissions are tiered. For example, for US corporate and muni bonds, the first 10K in face value is charged @ 0.1% and any remaining principal over 10K is charged at 0.025%.
  3. Maximum USD 0.75 per trade.

  • Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Cost Plus pricing structure will count towards the monthly volume. Share volumes for advisor, institution, 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.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.
  • 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 bonds with USD 20,000 Face Value is submitted and 10,000 face value executes, then you modify the order and another 10,000 face value executes, a commission minimum where applicable would be applied to both 10,000 face value executions. Orders that persist overnight will be considered a new order for the purposes of determining order minimums. >


Europe

Commissions Minimum per Order Maximum per Order
Trade Value =< 50,000 1 0.1%* Trade Value (10 bps) EUR 2.00 None
Trade Value > 50,000 and <= 5,000,000 1 0.035%* Trade Value (3.5 bps) EUR 2.00 None
Trade Value > 5,000,000 1 0.015% * Trade Value (1.5 bps) EUR 2.00 None

Europe - External Fees

External fees are passed through at cost 2.



Notes:

  1. Trade Value = Nominal*PriceInPercent/100.
    For example:
    Nominal = EUR 8000.
    Price = 106.62 %
    Total Value = 8000*106.62/100 = 8529.60
    Commission 0.1 % = 8529.60 * 0.001 = EUR 8.53
  2. The exchange levies a charge of EUR 2.00 per order for each order over the exchange-allowed 5:1 order to execution ratio. New orders and order modifications count in the ratio, cancels do not.
    For example:
    Four orders are submitted, and each is modified one time. One execution results and the charge is EUR 6.00. The calculation is shown below:
    4 orders + 4 modifications = 8 orders compared to 1 execution, giving an order to execution ratio of 8:1.
    The difference between our order ratio of 8:1 and the exchange-allowed ratio of 5:1 is 3 (8:1 – 5:1 = 3)
    3 x EUR 2.00 = EUR 6.00

  • Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Cost Plus pricing structure will count towards the monthly volume. Share volumes for advisor, institution, 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.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.
  • 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 bonds with USD 20,000 Face Value is submitted and 10,000 face value executes, then you modify the order and another 10,000 face value executes, a commission minimum where applicable would be applied to both 10,000 face value executions. Orders that persist overnight will be considered a new order for the purposes of determining order minimums. >


Asia-Pacific


Hong Kong - Flat Rate 1, 2
Flat Rate Minimum per Order Maximum per Order
Government Bonds 0.08%of trade value HKD 18 None


Hong Kong - Cost Plus Fees
Monthly Trade Value (HKD) 3 Fee per Trade Value Minimum per Order Maximum per Order
<= 15,000,000 0.080% HKD 18.00 None
15,000,001 – 300,000,000 0.050% HKD 12.00 None
300,000,001 – 900,000,000 0.030% HKD 8.00 None
900,000,001 – 2,000,000,000 0.020% HKD 6.00 None
> 2,000,000,000 0.015% HKD 4.00 None


Hong Kong - Exchange, Clearing and Pass-through Fees (per exchange)


Notes:

  1. Exchange and regulatory fees are not included.
  2. Exchange trading fees, exchange trading tariff, CCASS settlement fees, and CCASS custody fees are included. SFC transaction levy (0.003%, applies to stocks and warrants) is directly passed through to the customer.
  3. For more information on how the monthly tiers are calculated, please click here.

  • Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Cost Plus pricing structure will count towards the monthly volume. Share volumes for advisor, institution, 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.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.
  • 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 bonds with USD 20,000 Face Value is submitted and 10,000 face value executes, then you modify the order and another 10,000 face value executes, a commission minimum where applicable would be applied to both 10,000 face value executions. Orders that persist overnight will be considered a new order for the purposes of determining order minimums. >

Commissions

Fixed Income - Pricing Structure

Share CFDs


Share CFDs use a Volume-Tiered pricing structure in which all exchange and regulatory fees are included. Commissions apply to all order types.


View Pricing Structure



Index CFDs


Index CFDs use a Fixed pricing structure. Commissions apply to all order types.



View Pricing Structure



Forex CFDs


Forex CFDs use a volume tiered pricing structure. Tiers are based on the combined Monthly Trade Value of Forex CFD and Spot Forex trades.


View Pricing Structure



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
67% of retail investor accounts lose money when trading CFDs with IBKR (UK).
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Commissions

CFDs - Overview

Share CFDs use a Volume-Tiered pricing structure in which all exchange and regulatory fees are included. Commissions apply to all order types.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
67% of retail investor accounts lose money when trading CFDs with IBKR (UK).
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Americas


Brazil Share CFDs
Monthly Value (in BRL) Per Trade Fee Minimum per Order (BRL)
<= 40,000,000 0.12% 15
40,000,001 – 400,000,000 0.10% 10
> 400,000,000 0.08% 5

BRL 50,000 Value CFD = BRL 60


United States Share CFDs
Volume (per Month) 1 IBKR Commission per Share (USD) Minimum per Order (USD)
<= 300,000 0.0050 1.00
300,001 - 3,000,000 0.0045 1.00
3,000,001 - 20,000,000 0.0040 1.00
20,000,001 - 100,000,000 0.0035 1.00
> 100,000,000 0.0030 0.65

If you execute 500,000 US Share CFDs in a month, your IBKR Commission would be USD 2,400:

300,000 CFDs at USD 0.0050 = USD 1,500

200,000 CFDs at USD 0.0045 = USD 900


Notes:

  1. Volume tiers are applied based on monthly cumulative trade volume summed across US Share CFDs at the time of the trade. European Share CFD trades will not count towards the monthly volume (and vice versa). The above commissions include all fees and are applied on a marginal basis for a given calendar month.

  • All exchange and regulatory fees included.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.


EMEA


Europe Share CFDs

See Product Listings for countries and shares covered.

Monthly Value (in EUR) 1 Per Trade Fee Minimum per Order
GBP EUR CHF USD SEK EUR (Finland) DKK NOK RUB3
<= 10,000,000 0.05% 3.00 3.00 3.00 3.00 39.00 4.75 39.00 39.00 N/A
10,000,001 – 100,000,000 0.03% 2.00 2.00 2.00 2.00 29.00 3.50 29.00 29.00 N/A
> 100,000,000 0.02% 1.00 1.00 1.00 1.00 29.00 3.50 29.00 29.00 N/A

EUR 20,000 Value CFD = EUR 10


Other Europe Share CFDs
Per Trade Fee Minimum (CZK) 2
Czech Republic 0.17% 60 per Trade + 10 per Order

CZK 75,000 Value CFD = CZK 127.50


South Africa Share CFDs
Per Trade Fee Minimum (ZAR)
<= 150,000,000 0.12% 50 per Order
150,000,001 - 1,500,000,000 0.10% 35 per Order
> 1,500,000,000 0.09% 15 per Order

ZAR 300,000 Value CFD = ZAR 360


Notes:

  1. The CFD tiers are based on the Monthly Trade Value as expressed in EUR. When calculating the Monthly Trade Value in EUR, IBKR converts any non-EUR denominated CFD trade to its EUR-equivalent using the most recent exchange rate. In this way, stock trades denominated in non-EUR currencies will be counted towards the monthly value for commission breaks.
  2. The minimum fees are additive. For example, an order resulting in a single execution carries a minimum fee of CZK 70. An order executed in two tranches carries a minimum fee of CZK 130.
  3. External Fees of 0.05% are added to the IB commission.

  • Commissions apply to all order types. In addition a surcharge is applied to IBKR Algo orders (VWAP, DarkIce, etc.) for CFDs on European shares as follows:
    • GBP denominated 0.015%
    • EUR denominated 0.01%
    • CHF denominated 0.025%
    • EUR (Finnish only) denominated 0.025%
    • SEK and DKK denominated 0.10%
  • All exchange and regulatory fees included.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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.


Asia-Pacific


Australia Share CFDs
Monthly Value (in AUD) Per Trade Fee Minimum per Order (AUD)
<= 10,000,000 0.05% 5.00
10,000,000 0.03% 3.00

AUD 25,000 Value CFD = AUD 12.50


Hong Kong Pass-Through CFD Fees
Fee
Stamp Duty 0.10% 1
SFC Transaction Levy 0.0027%


Hong Kong Share CFDs
Monthly Value (in HKD) Per Trade Fee Minimum per Order (HKD)
<= 300,000,000 0.05% 12.00
> 300,000,001 0.03% 8.00

HKD 50,000 Value CFD = IBKR Execution Fee HKD 25 + SFC Levy HKD 1.35 + Stamp Duty HKD 50 = HKD 76.35


Japan Pass-Through CFD Fees
Fee
Clearing JPY 2.95 + 0.0004%


Japan Share CFDs
Monthly Value (in JPY) 2 Per Trade Fee Minimum per Order (JPY)
<= 9,000,000,000 0.03% 100
9,000,000,001 – 20,000,000,000 0.02% 40
> 20,000,000,000 0.015% 30

JPY 500,000 Value CFD = IBKR Execution Fee JPY 150 + Clearing Fixed JPY 2.95 + Clearing Variable JPY 2.00 = JPY 154.95


Singapore Share CFDs
Monthly Value (in SGD) Per Trade Fee Minimum per Order (SGD)
<= 50,000,000 0.11% 2.50
50,000,001 – 150,000,000 0.09% 1.60
> 150,000,000 0.08% 1.20

SGD 50,000 Value CFD = IBKR Execution Fee SGD 55.00


Notes:

  1. Round up to the nearest 1.00
  2. Tiers are based on the combined Monthly Trade Value expressed in JPY of CFD and Share trades. The per trade fee is applied on a marginal basis, in the same way as for Europe and the US.

  • Commissions apply to all order types. In addition a surcharge is applied to IBKR Algo orders (VWAP, DarkIce, etc.) for CFDs on Asian shares as follows:
    • AUD, HKD, and SGD denominated 0.10%
  • All exchange and regulatory fees included.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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

Share CFDs - Pricing Structure

Index CFDs use a Fixed pricing structure. Commissions apply to all order types.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
67% of retail investor accounts lose money when trading CFDs with IBKR (UK).
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

North America


Contract IBKR Symbol Per Trade Fee Minimum per Order Multiplier 1
US 500 IBUS500 0.005% USD 1.00 1
US 30 IBUS30 0.005% USD 1.00 1
US Tech 100 IBUST100 0.010% USD 1.00 1

1 IBUS30 Contract with Trade Value USD 25,000 = USD 1.25


Europe


Contract IBKR Symbol Per Trade Fee Minimum per Order Multiplier 1
UK 100 IBGB100 0.005% GBP 1.00 1
EURO 50 IBEU50 0.010% EUR 1.00 1
GERMANY 30 IBDE30 0.005% EUR 1.00 1
FRANCE 40 IBFR40 0.010% EUR 1.00 1
SPAIN 35 IBES35 0.010% EUR 1.00 1
NETHERLANDS 25 IBNL25 0.010% EUR 1.00 1
SWITZERLAND 20 IBCH20 0.010% CHF 1.00 1

1 IBNL25 Contract with Trade Value EUR 25,000 = EUR 2.5


Asia-Pacific


Contract IBKR Symbol Per Trade Fee Minimum per Order Multiplier 1
JAPAN 225 IBJP225 0.010% JPY 40.00 1
HONG KONG 50 IBHK50 0.010% HKD 10.00 1
AUSTRALIA 200 IBAU200 0.010% AUD 1.00 1

1 IBHK50 Contract with Trade Value HKD 30,000 = HKD 10.00


Note:

  1. Times index level. For example: If the index level for IBUS500 is 1550
    Minimum order size 1 unit x 1550 = USD 1550

Commissions

Index CFDs - Pricing Structure

Our tight spreads and substantial liquidity are a result of combining quotation streams from 16 of the world's largest foreign exchange dealers which constitute more than 60%1 of the market share in the global interbank market. This results in displayed quotes as small as 0.1 PIP. IBKR passes through the prices that it receives and charges a separate low commission. We do this in the interest of providing a transparent pricing structure instead of marking up our quotes and charging nothing in commissions as is the practice with many forex brokers. Tiers are based on the combined Monthly Trade Value of Forex CFD and Spot Forex trades.


Monthly Trade Amount 2 Commissions Minimum per Order 2
USD <= 1,000,000,000 0.20 basis point 3 * Trade Value 4 USD 2.00
USD 1,000,000,001 - 2,000,000,000 0.15basis point 3 * Trade Value 4 USD 1.50
USD 2,000,000,001 - 5,000,000,000 0.10basis point 3 * Trade Value 4 USD 1.25
USD > 5,000,000,000 0.08basis point 3 * Trade Value 4 USD 1.00

100,000 USD.EUR Forex Contracts = USD 2.00
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
67% of retail investor accounts lose money when trading CFDs with IBKR (UK).
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Notes:

  1. Source: Euromoney FX survey FX Poll 2018: The Euromoney FX survey is the largest global poll of foreign exchange service providers.
  2. Or USD currency equivalent
  3. 1 basis point=0.0001.
  4. Commissions for forex trades are calculated off the trade value and then converted and charged to the base currency of the account.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • 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.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.

Commissions

Forex - Pricing Structure

For mutual funds, we offer Fixed and Tiered commissions that depend on region.

Mutual fund pricing structures are defined per region and cannot be changed by the client.


Fixed Plans

US Funds use a fixed rate low commission structure including all regulatory and exchange fees. Commissions apply to all mutual funds except No Transaction Fee Funds. Fixed rate pricing for European mutual funds charges a set percent of trade value and includes all IBKR commissions, exchange and regulatory fees.



Tiered Plans

Our transparent volume-tiered pricing for European mutual funds includes our low commission, which decreases depending on volume, plus exchange, regulatory and clearing fees.



Commissions

Mutual Funds - Overview

Fixed Pricing Structure

US Funds use a fixed rate low commission structure including all regulatory and exchange fees. Commissions apply to all mutual funds except No Transaction Fee Mutual Funds. Our Fixed pricing for US mutual funds is shown below.



United States
Fees Price
No Transaction Fee Funds USD 0.00
IBKR Transaction Fee Lesser of 3% * Trade Value or USD 14.95, per Transaction

Purchase USD 50,000 Value in Fund = USD 14.95

Notes:

  • Minimum size on initial fund order is USD 3,000, subsequent minimum order size is USD 100.



Commissions

Mutual Funds - North America Pricing Structure

Fixed

Our Fixed pricing for European mutual funds charges a set percent of trade value, and includes all IBKR commissions, exchange and regulatory fees.


View Pricing Structure

Tiered

Our transparent Tiered pricing for European mutual funds includes our low broker commission, which decreases depending on volume, plus exchange, regulatory, and clearing fees.


View Pricing Structure

Fixed Pricing Structure

Our Fixed pricing for European mutual funds charges a set percent of trade value, and includes all IBKR commissions, exchange and regulatory fees.

Fixed Rate Minimum per Order Maximum per Order
EUR-denominated 0.1% of trade value EUR 4.00 EUR 29.00

Purchase EUR 20,000 Value in Fund = EUR 20.00

Tiered Pricing Structure

Our transparent Tiered pricing for European mutual funds includes our low broker commission, which decreases depending on volume, plus exchange, regulatory, and clearing fees.

Monthly Trade Value (EUR) Fee per Trade Value Minimum per Order Maximum per Order
<= 1,000,000 0.080% EUR 1.25 EUR 29.00
1,000,001 – 10,000,000 0.060% EUR 1.25 EUR 29.00
10,000,001 – 50,000,000 0.050% EUR 1.25 EUR 29.00
50,000,001 – 100,000,000 0.030% EUR 1.25 EUR 29.00
100,000,001 – 500,000,000 0.020% EUR 1.25 EUR 29.00
> 500,000,000 0.015% EUR 1.25 EUR 29.00

Purchase EUR 20,000 Value in Fund = IBKR Execution EUR 16 + Exchange EUR 4.00 + Clearing EUR 0.1 = EUR 20.10


External Fees


Notes:

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • Only no-load funds with no early redemption fee are offered.
  • 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.
  • Minimum size on initial fund order is USD 3,000, subsequent minimum order size is USD 100.


Commissions

Mutual Funds - Europe Pricing Structure

Fixed Pricing Structure

Offshore Funds use a fixed rate low commission structure including all regulatory and exchange fees. Commissions apply to all mutual funds. Our Fixed pricing for Offshore mutual funds is shown below.



Fees Price
IBKR Transaction Fee Lesser of 3% * Trade Value or USD 14.95, per Transaction

Purchase USD 50,000 Value in Fund = USD 14.95

Notes:

  • Minimum size on initial fund order is USD 3,000, subsequent minimum order size is USD 100.


Commissions

Mutual Funds - Global Pricing Structure

Broker-assisted trading is available for US stocks, options, futures and futures options with minimum order size of 10,000 shares or 100 contracts. Commissions for this service are charged at the rates detailed in the table on the "Pricing Structure" tab plus third party fees passed through regardless of the standard commission model the account has selected. To discuss how IBKR can help with your trading needs, please contact our trading desk at 203-618-4030, or via email at kfischer@interactivebrokers.com.

Use IBKR's trade desk when you are away from your computer, or if you just want another set of eyes watching your orders and updating you on market changes. Enjoy direct access to the trade desk with no phone queue or hold time.


United States
Product Commissions Minimum per Order Third-party Fees
Stocks and ETFs USD 0.01 per share USD 100 Exchange Fees
Clearing Fees
Transaction Fees
Options USD 0.95 per contract USD 95 Exchange Fees
Regulatory Fees
Clearing Fees
Transaction Fees
Futures USD 3.00 per contract USD 300 Exchange and Regulatory Fees
Carrying Fees
Futures Options USD 3.00 per contract USD 300 Exchange and Regulatory Fees
Carrying Fees


Canada
Product Commissions Minimum per Order Third-party Fees
Stocks and ETFs CAD 0.015 per share CAD 150 Exchange Fees
Clearing Fees
Transaction Fees


Commissions

Trade Desk - Pricing Structure