Share CFDs
COMMISSIONS
Contract for Differences (CFD)
- Share CFDs use a Volume-Tiered pricing structure in which all exchange and regulatory fees are included. Commissions apply to all order types.
- Index CFDs use a Fixed pricing structure. Commissions apply to all order types.
- Forex CFDs use a volume tiered pricing structure. Tiers are based on the combined Monthly Trade Value of Forex CFD and Spot Forex trades.
- Metals CFDs use a Fixed pricing structure. Commissions apply to all order types.
Americas
Brazil Share CFDs
| Monthly Value (in BRL) | Per Trade Fee Exclusive of GST2 | Minimum per Order (BRL) Exclusive of GST2 |
|---|---|---|
| ≤ 40,000,000 | 0.12% | 15 |
| 40,000,000.01 – 400,000,000 | 0.10% | 10 |
| > 400,000,000 | 0.08% | 5 |
|
Example
Example Exclusive of GST2 BRL 50,000 Value CFD = BRL 60 Example Inclusive of GST2 BRL 50,000 Value CFD = BRL 66 |
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United States Share CFDs
| Volume (per Month) 1 | IBKR Commission per Share (USD) Exclusive of GST2 | Minimum per Order (USD) Exclusive of GST2 |
|---|---|---|
| ≤ 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 |
|
Example
Example Exclusive of GST2 If you execute 500,000 US Share CFDs in a month, your IBKR Commission would be USD 2,400: Example Inclusive of GST2 If you execute 500,000 US Share CFDs in a month, your IBKR Commission would be USD 2,640: |
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Brazil Share CFDs
| Monthly Value (in BRL) | Per Trade Fee Inclusive of GST2 | Minimum per Order (BRL) Inclusive of GST2 |
|---|---|---|
| ≤ 40,000,000 | 0.132% | 16.5 |
| 40,000,000.01 – 400,000,000 | 0.11% | 11 |
| > 400,000,000 | 0.088% | 5.5 |
|
Example
Example Exclusive of GST2 BRL 50,000 Value CFD = BRL 60 Example Inclusive of GST2 BRL 50,000 Value CFD = BRL 66 |
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United States Share CFDs
| Volume (per Month) 1 | IBKR Commission per Share (USD) Inclusive of GST2 | Minimum per Order (USD) Inclusive of GST2 |
|---|---|---|
| ≤ 300,000 | 0.0055 | 1.10 |
| 300,001 - 3,000,000 | 0.00495 | 1.10 |
| 3,000,001 - 20,000,000 | 0.0044 | 1.10 |
| 20,000,001 - 100,000,000 | 0.00385 | 1.10 |
| > 100,000,000 | 0.0033 | 0.715 |
|
Example
Example Exclusive of GST2 If you execute 500,000 US Share CFDs in a month, your IBKR Commission would be USD 2,400: Example Inclusive of GST2 If you execute 500,000 US Share CFDs in a month, your IBKR Commission would be USD 2,640: |
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Notes:
- 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.
- GST is only applied for Australian resident clients.
- 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.
- IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.
EMEA
Europe Share CFDs
See Product Listings for countries and shares covered.
| Monthly Value (in EUR) 1 | Per Trade Fee Exclusive of GST4 | Minimum per Order Fee Exclusive of GST4 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 10,000,000.01 – 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 |
|
Example
Example Exclusive of GST4 EUR 20,000 Value CFD = EUR 10 Example Inclusive of GST4 EUR 20,000 Value CFD = EUR 11 |
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Other Europe Share CFDs
| Per Trade Fee Exclusive of GST4 | Minimum (CZK) Exclusive of GST2,4 | |
|---|---|---|
| Czech Republic | 0.17% | 60 per Trade + 10 per Order |
|
Example
Example Exclusive of GST4 CZK 75,000 Value CFD = CZK 127.50 Example Inclusive of GST4 CZK 75,000 Value CFD = CZK 140.25 |
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South Africa Share CFDs
| Monthly Value (in ZAR) | Per Trade Fee Exclusive of GST4 | Minimum (ZAR) Exclusive of GST4 |
|---|---|---|
| ≤ 150,000,000 | 0.12% | 50 per Order |
| 150,000,000.01 - 1,500,000,000 | 0.10% | 35 per Order |
| > 1,500,000,000 | 0.09% | 15 per Order |
|
Example
Example Exclusive of GST4 ZAR 300,000 Value CFD = ZAR 360 Example Inclusive of GST4 ZAR 300,000 Value CFD = ZAR 396 |
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Europe Share CFDs
See Product Listings for countries and shares covered.
| Monthly Value (in EUR) 1 | Per Trade Fee Inclusive of GST4 | Minimum per Order Fee Inclusive of GST4 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GBP | EUR | CHF | USD | SEK | EUR (Finland) | DKK | NOK | RUB3 | ||
| ≤ 10,000,000 | 0.055% | 3.30 | 3.30 | 3.30 | 3.30 | 42.90 | 5.225 | 42.90 | 42.90 | N/A |
| 10,000,000.01 – 100,000,000 | 0.033% | 2.20 | 2.20 | 2.20 | 2.20 | 31.90 | 3.85 | 31.90 | 31.90 | N/A |
| > 100,000,000 | 0.022% | 1.10 | 1.10 | 1.10 | 1.10 | 31.90 | 3.85 | 31.90 | 31.90 | N/A |
|
Example
Example Exclusive of GST4 EUR 20,000 Value CFD = EUR 10 Example Inclusive of GST4 EUR 20,000 Value CFD = EUR 11 |
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Other Europe Share CFDs
| Per Trade Fee Inclusive of GST4 | Minimum (CZK) Inclusive of GST2,4 | |
|---|---|---|
| Czech Republic | 0.187% | 66 per Trade + 11 per Order |
|
Example
Example Exclusive of GST4 CZK 75,000 Value CFD = CZK 127.50 Example Inclusive of GST4 CZK 75,000 Value CFD = CZK 140.25 |
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South Africa Share CFDs
| Monthly Value (in ZAR) | Per Trade Fee Inclusive of GST4 | Minimum (ZAR) Inclusive of GST4 |
|---|---|---|
| ≤ 150,000,000 | 0.132% | 55 per Order |
| 150,000,000.01 - 1,500,000,000 | 0.110% | 38.5 per Order |
| > 1,500,000,000 | 0.099% | 16.5 per Order |
|
Example
Example Exclusive of GST4 ZAR 300,000 Value CFD = ZAR 360 Example Inclusive of GST4 ZAR 300,000 Value CFD = ZAR 396 |
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Notes:
- 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.
- 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.
- External Fees of 0.05% are added to the IB commission.
- GST is only applied for Australian resident clients.
- 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.
- IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.
Asia-Pacific
Australia Share CFDs
| Monthly Value (in AUD) | Per Trade Fee Exclusive of GST3 | Minimum per Order (AUD) Exclusive of GST3 |
|---|---|---|
| ≤ 10,000,000 | 0.05% | 5.00 |
| > 10,000,000 | 0.03% | 3.00 |
|
Example
Example Exclusive of GST3 AUD 25,000 Value CFD = AUD 12.50 Example Inclusive of GST3 AUD 25,000 Value CFD = AUD 13.75 |
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Hong Kong Pass-Through CFD Fees
| Fee | |
|---|---|
| Stamp Duty | 0.13% 1 |
| SFC Transaction Levy | 0.0027% |
Hong Kong Share CFDs
| Monthly Value (in HKD) | Per Trade Fee Exclusive of GST3 | Minimum per Order (HKD) Exclusive of GST3 |
|---|---|---|
| ≤ 300,000,000 | 0.05% | 12.00 |
| > 300,000,000 | 0.03% | 8.00 |
|
Example
Example Exclusive of GST3 HKD 50,000 Value CFD = IBKR Execution Fee HKD 25 + SFC Levy HKD 1.35 + Stamp Duty HKD 50 = HKD 76.35 Example Inclusive of GST3 HKD 50,000 Value CFD = IBKR Execution Fee HKD 27.5 + SFC Levy HKD 1.35 + Stamp Duty HKD 50 = HKD 78.85 |
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Japan Pass-Through CFD Fees
| Fee | |
|---|---|
| Clearing | JPY 2.95 + 0.0004% |
Japan Share CFDs
| Monthly Value (in JPY) 2 | Per Trade Fee Exclusive of GST3 | Minimum per Order (JPY) Exclusive of GST3 |
|---|---|---|
| ≤ 9,000,000,000 | 0.03% | 100 |
| 9,000,000,000.01 – 20,000,000,000 | 0.02% | 40 |
| > 20,000,000,000 | 0.015% | 30 |
|
Example
Example Exclusive of GST3 JPY 500,000 Value CFD = IBKR Execution Fee JPY 150 + Clearing Fixed JPY 2.95 + Clearing Variable JPY 2.00 = JPY 154.95 Example Inclusive of GST3 JPY 500,000 Value CFD = IBKR Execution Fee JPY 165 + Clearing Fixed JPY 2.95 + Clearing Variable JPY 2.00 = JPY 169.95 |
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Singapore Share CFDs
| Monthly Value (in SGD) | Per Trade Fee Exclusive of GST3 | Minimum per Order (SGD) Exclusive of GST3 |
|---|---|---|
| ≤ 50,000,000 | 0.11% | 2.50 |
| 50,000,000.01 – 150,000,000 | 0.09% | 1.60 |
| > 150,000,000 | 0.08% | 1.20 |
|
Example
Example Exclusive of GST3 SGD 50,000 Value CFD = IBKR Execution Fee SGD 55.00 Example Inclusive of GST3 SGD 50,000 Value CFD = IBKR Execution Fee SGD 60.50 |
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Australia Share CFDs
| Monthly Value (in AUD) | Per Trade Fee Inclusive of GST3 | Minimum per Order (AUD) Inclusive of GST3 |
|---|---|---|
| ≤ 10,000,000 | 0.055% | 5.50 |
| > 10,000,000 | 0.033% | 3.30 |
|
Example
Example Exclusive of GST3 AUD 25,000 Value CFD = AUD 12.50 Example Inclusive of GST3 AUD 25,000 Value CFD = AUD 13.75 |
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Hong Kong Pass-Through CFD Fees
| Fee | |
|---|---|
| Stamp Duty | 0.13% 1 |
| SFC Transaction Levy | 0.0027% |
Hong Kong Share CFDs
| Monthly Value (in HKD) | Per Trade Fee Inclusive of GST3 | Minimum per Order (HKD) Inclusive of GST3 |
|---|---|---|
| ≤ 300,000,000 | 0.055% | 13.20 |
| > 300,000,000 | 0.033% | 8.80 |
|
Example
Example Exclusive of GST3 HKD 50,000 Value CFD = IBKR Execution Fee HKD 25 + SFC Levy HKD 1.35 + Stamp Duty HKD 50 = HKD 76.35 Example Inclusive of GST3 HKD 50,000 Value CFD = IBKR Execution Fee HKD 27.5 + SFC Levy HKD 1.35 + Stamp Duty HKD 50 = HKD 78.85 |
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Japan Pass-Through CFD Fees
| Fee | |
|---|---|
| Clearing | JPY 2.95 + 0.0004% |
Japan Share CFDs
| Monthly Value (in JPY) 2 | Per Trade Fee Inclusive of GST3 | Minimum per Order (JPY) Inclusive of GST3 |
|---|---|---|
| ≤ 9,000,000,000 | 0.033% | 110 |
| 9,000,000,000.01 – 20,000,000,000 | 0.022% | 44 |
| > 20,000,000,000 | 0.0165% | 33 |
|
Example
Example Exclusive of GST3 JPY 500,000 Value CFD = IBKR Execution Fee JPY 150 + Clearing Fixed JPY 2.95 + Clearing Variable JPY 2.00 = JPY 154.95 Example Inclusive of GST3 JPY 500,000 Value CFD = IBKR Execution Fee JPY 165 + Clearing Fixed JPY 2.95 + Clearing Variable JPY 2.00 = JPY 169.95 |
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Singapore Share CFDs
| Monthly Value (in SGD) | Per Trade Fee Inclusive of GST3 | Minimum per Order (SGD) Inclusive of GST3 |
|---|---|---|
| ≤ 50,000,000 | 0.121% | 2.75 |
| 50,000,000.01 – 150,000,000 | 0.099% | 1.76 |
| > 150,000,000 | 0.088% | 1.32 |
|
Example
Example Exclusive of GST3 SGD 50,000 Value CFD = IBKR Execution Fee SGD 55.00 Example Inclusive of GST3 SGD 50,000 Value CFD = IBKR Execution Fee SGD 60.50 |
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Notes:
- Round up to the nearest 1.00
- 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.
- GST is only applied for Australian resident clients.
- 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.
- IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.