IB offers two pricing structures for stocks and ETFs in the US, Canada, Europe and Hong Kong: bundled which is a fixed rate per contract, and unbundled which is cost plus based pricing. Unbundled pricing adds a fixed IB fee (which varies by volume) to the fees charged by the exchanges and regulators.
For a schedule of bundled and unbundled fees, see the tables listed under
the region sub-menus above. All accounts use the bundled pricing structure by default. To change to the unbundled structure, log into Account
Management/Funds Management. You may switch your pricing structure at any
time, and it will take effect as of the next statement date (cutoff is 16:00
ET).
For comparison examples of US stock and ETF bundled vs. unbundled fees, click here; for European stock bundled vs. unbundled fees click here and for Hong Kong stock bundled vs. unbundled fees click here.
Notes:
Scale orders are subject to the minimum commission at each price level increment
on any given day. Leftover partial orders executed on the subsequent day will
only be subject to the minimum commission once.
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.
Options North America
Options / North America
Your total US options commissions include IB fees, that are tiered based on
volume, plus exchange and regulatory fees.
Commissions are not charged for US exercise and assignment.
Because of Reg NMS regulations, we may not fill at an inferior price so
exchange fees will not be part of our order routing decision except in cases
where exchange quotes are equal.
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.
1The Options Regulatory Fee ("ORF") is charged by the following exchanges: CBOE, ISE, PHLX, BOX.
2Fee applies to the "Public Customer" Category only.
Futures Commissions
Futures and Futures Options / Overview
IB offers two pricing structures for futures and futures options. For US, we offer two cost-plus pricing structures: Flat Rate, which charges a flat IB rate per contract exclusive of exchange and regulatory fees, and Volume Tiered, which uses volume-tiered pricing. For all other (non-US) futures and futures options, we offer the choice between an all-in Bundled structure and the Unbundled structure. The Volume Tieredadds a fixed IB fee (which varies by volume) to the fees charged by the exchanges and regulators. In addition, institutions and members (or participants in a member program) of a US or Canadian Futures exchange may qualify for discounted exchange fees. Click the Exchange Incentive Program tab for more information.
For a schedule of pricing structures, see the links along the top of the page under the tabset. Customers select their pricing structure during the registration process, and can switch at any time through Account Management/Account Administration. Changes will take effect as of the next statement date (cutoff is 16:00 ET).
For a comparison of futures and futures options rates for customers who are not members of an exchange click here.
Note:
Modified orders will be treated as the cancellation and replacement of an
existing order with a new order. On certain exchanges, this may result in modified orders being charged commission minimums as if they were new orders.
For example, if you submit an order for 200 contracts 100 contracts fill,
then you modify an order parameter, resubmit the order and the other 100 contracts fill, a commission minimum
could be applied to both 100 contract orders.
Single Stock Futures
US SSFs
US Single Stock Futures are only offered on an unbundled or
"Cost Plus" basis with discounts for volume. Your total unbundled
commission will include IB unbundled, exchange, and regulatory fees.
IB Fees:
SSFs
ETFs with 1K Multiplier
Volume (per month)(1)
<=20,000 Contracts
USD 0.30
USD 1.50
20,001-100,000 Contracts
USD 0.20
USD 1.00
100,001-200,000 Contracts
USD 0.15
USD 0.75
>200,000 Contracts
USD 0.10
USD 0.50
Exchange Fees:
OneChicago
USD 0.14
USD 0.50
Regulatory Fees:
FINRA
USD 0.02 per contract
USD 0.02 per contract
Notes:
Commissions apply to all order types.
1Volume tiers are applied based on monthly
cumulative trade volume summed across all SSF contracts at the time of the
trade. These fees are applied on a marginal basis for a given calendar month.
If,
for example, you execute 300,000 contracts in a month, your IB unbundled
fee would be:
20,000 contracts at USD 0.30
80,000 contracts at USD 0.20
100,000 contracts at USD 0.15
100,000 contracts at USD 0.10
EFP Commissions
EFPs
IB offers bundled or all-in pricing for EFPs which includes the cost of the
stock and SSF legs. (1)
Bundled Fee per EFP Contract(2)
<100 Contracts
USD 0.50 per EFP Contract
100-499 Contracts
USD 0.30 per EFP Contract
500-1,999 Contracts
USD 0.25 per EFP Contract
2,000+ Contracts
USD 0.20 per EFP Contract
Notes:
Commissions apply to all order types.
All exchange and regulatory fees included.
1In order to receive bundled EFP rates, it is recommended that orders are
executed through the main trading window using IBEFP as the market destination.
Orders entered as spreads/combos may or may not receive the bundled rate depending
on the availability of native EFPs. For more information on trading EFPs from
the spread/combo window, see the TWS Users' Guide.
2Rates 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.
FX Commissions
Forex
IB provides the best bid/offer from multiple large banks and charges a separate
low commission. We do this in the interest of transparent pricing instead of
marking up our quotes and charging nothing in commissions as is the practice
with many forex brokers. Because quote markups at other brokers are generally
much larger than our explicit low commissions, our forex customers benefit
from lower forex trading costs.
Trading Currency
Monthly Trade Amount
Commissions
Minimum per Order
Examples
IDEALPRO (Trading, trades > USD 25,000)
<=USD 1,000,000,000
0.2 basis point(1) *Trade Value(2)
USD 2.50(3)
USD 50,000 daily volume for EUR = USD 2.50
USD 1,000,000,000 monthly volume for EUR = USD 20,000
USD 1,000,000,001 - 2,000,000,000
0.15 basis point(1) *Trade Value(2)
USD 2.50(3)
USD 1,250,000,000 monthly volume for EUR =
USD 23,750
>USD 2,000,000,000
0.10 basis point(1) *Trade Value(2)
USD 2.50(3)
USD 2,500,000,000 monthly volume for
EUR = USD 40,000
IDEAL (Conversions, trades < USD 25,000)
All
1 basis point(1) *Trade Value(2)
USD 2.50(3)
USD 10,000 for EUR = USD 2.50
Notes:
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 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.
11 basis point=0.0001.
2Commissions for forex trades are calculated off the trade value
and then converted and charged to the base currency of the account.
0.05% of trade value + 1.5% per annum open interest charge
AUD 6.00
All CFDs
USD
0.05% of trade value + 1.5%
per annum open interest charge
USD 4.00
Notes:
Commissions apply to all order types.
All exchange and regulatory fees included.
Mutual Funds
Fees
Price
IB Transaction Fee
USD 14.95 Per Transaction
Notes:
Commissions apply to all order types.
All exchange and regulatory fees included.
Only no-load funds with no early redemption fee are offered.
Minimum size on initial fund order is USD 3,000, subsequent minimum order size
is USD 100.
Trade Desk
Broker assisted trading is available for US stocks, options, futures, and
futures options with minimum order size of 10,000 shares or 100 contracts.
Use IB’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.
Product
Commissions
Minimum per Order
United States
Stocks and ETFs
USD 0.01 per share
USD 100
Options
USD 0.95 per contract
USD 95
Futures
USD 3.00 per contract
USD 300
Futures Options
USD 3.00 per contract
USD 300
Notes:
Flat rate commissions include all regulatory and exchange fees, and no
ticket charges apply. Unbundled rates +/- fees are also available. To discuss how
IB can help with your trading needs, please contact our trading desk at 203-618-4030,
or via email at kfischer@interactivebrokers.com.
AQS Borrow/Loan
Commissions
Minimum
Maximum
United States
IB Daily Carry Charge(1)
10% * Borrow/Lend
Fee(2)
0.1% * Collateral Amount/ 360
1% * Collateral Amount/ 360
IB Ticket Charge(3)
USD 5.00
Examples
Example 1 - The Carry Charge is Capped at the Calculated Maximum
[1] Fees are accrued daily through the end of the month on a 360 day/year
basis, and are charged at the beginning of next month. IB Carry Charge includes the AQS fee.
[2] The Borrow/Lend Fee is similar to the bid/ask on a stock contract, and is calculated as follows: Collateral Amount * Borrow/Lend Rate / 360.
[3] The $5.00 IB Ticket Charge is a one-time fee, and is only charged on the first day
that the contract is opened. The IB Ticket Charge includes the AQS ticket charge.
North American Stocks Commissions
Stocks, ETFs and Warrants / Bundled North America
Tier
Commissions
Minimum
per Order
Maximum
per Order
Examples
United States
All products not listed below
USD 0.005(1)
per share
USD 1.00
0.5% of trade value plus exchange, ECN,
and specialist fees
0.5% of trade value plus exchange, ECN,
and specialist fees
100 Shares @ USD 50 Share Price = USD 1.00
Canada
All
CAD 0.01
per share
CAD 1.00
0.5% of Trade Value plus exchange fees(2)
100 Shares @ CAD 50 Share Price = CAD 1.00
Mexico
All
MXN 0.2% of trade value
MXN 60.00
700 Shares @ MXN 50 Share Price = MXN 70.00
Notes:
Commissions apply to all order types.
All exchange and regulatory fees included.
For customers who send an extraordinary number of non-marketable limit orders
to the NYSE, and who route such orders directly 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 customers.
1For CSFB ALGO and JEFFALGO IB will charge an additional USD 0.0010 per
share.
2For 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 Unbundled North America section for the details
of the exchange fees.
Unbundled Stocks Commissions
Stocks, ETFs and Warrants / Unbundled
Your total unbundled commission will
include IB unbundled, exchange, clearing, and transaction fees. Click
here for examples of US unbundled pricing.
CAD 0.00011 per share/capped at CAD 3.30 per trade
(not per order)
Notes:
Commissions apply to all order types.
IB's unbundled fee will be capped at 0.5% of trade value.
When using SMART routing, clients should be aware that the routing may deliver
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 prices stocks (under
USD 2.50).
All exchange, special and other fees are charged on a per-share basis.
Please note that direct-routed API orders cannot use the unbundled fee
structure. Smart-routed API orders can use either the unbundled or bundled
fee structure.
1Volume tiers are applied based on monthly cumulative trade volume summed
across all stock and ETF shares at the time of the trade. Only shares that
are traded while under the unbundled 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
unbundled fees would be:
300,000 shares at USD 0.0035
200,000 shares at USD 0.002
2USD 0.7 minimum per order.
3CAD 1.00 minimum per order.
4Transaction fees are only charged for sell orders.
5Transaction fee is changing from USD 0.0000127 to USD 0.0000169 beginning with trades settling on April 1, 2010.
European Bundle Stock Commissions
Stocks, ETFs and Warrants / Europe
Tier
Commissions
Minimum
per Order
Maximum
per Order
Examples
Austria
All
0.1% of trade value
EUR 4.00
EUR 120.00
100 Shares @ EUR 50 Share Price = EUR 5.00
Belgium
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
Euro-denominated
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
USD-denominated
0.1 % of trade value
USD 5.00
USD 42.00
100 Shares @ USD 75 Share Price = USD 7.50
Germany
SWB
0.12% of trade value
EUR 6.00
None
100 Shares @ EUR 50 Share Price = EUR 6.00
FWB(3)
0.1% of trade value
EUR 4.00
EUR 39.00
100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 39.00
Chi-X/NURO/Turqoise DE
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
Xetra - ETFs
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
Xetra - Stocks
0.1% of trade value
EUR 4.00
EUR 99.00
100 Shares @ EUR 50 Share Price = EUR 5.00
1,000 Shares @ EUR 50 Share Price = EUR 50.00
Italy
All(4)
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
Netherlands
Euro-denominated
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
USD-denominated
0.1 % of trade value
USD 5.00
USD 42.00
100 Shares @ USD 75 Share Price = USD 7.50
Spain
All
0.1%
of trade value
EUR 4.00
None
100 Shares @ EUR 50 Share Price = EUR 5.00
Sweden
All
0.1% of trade value
SEK 30.00
SEK 300 .00
100 Shares @ SEK 50 Share Price = SEK 30.00
10,000 Shares @ SEK 50 Share Price = SEK 300.00
Switzerland
All
0.1% of trade value
CHF 10.00
None
100 Shares @ CHF 50 Share Price = CHF 10.00
United Kingdom (1), (2)
Up to GBP 50,000 Trade Value
GBP 6.00
GBP 6.00
GBP 6.00
100 Shares @ GBP 50 Share Price= 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
30,000 Shares @ GBP 2 Share Price= GBP 11.00
Notes:
Commissions apply to all order types.
All exchange and regulatory fees included.
1Stamp taxes (UK=0.5%, Ireland=1%) are directly passed through to the
customer.
2Products denominated in USD on UK exchanges will be charged at the US rates.
3Plus specialist fees.
4Available to non-Italian residents only.
Stocks and ETFs / Unbundled Europe
Your total unbundled commission will
include IB unbundled fees, plus exchange/ECN, clearing, and regulatory fees. Click here for an example.
IB Unbundled Fees
Monthly Trade Value (EUR)
Fee Per Trade Value
EUR-Denominated Products
CHF-Denominated Products
Minimum per Order
Maximum per Order
Minimum per Order
Maximum per Order
<=1,000,000
0.080%
EUR 1.25
EUR 29.00
CHF 1.90
CHF 49.00
1,000,001 – 10,000,000
0.060%
EUR 1.25
EUR 29.00
CHF 1.90
CHF 49.00
10,000,001 – 50,000,000
0.050%
EUR 1.25
EUR 29.00
CHF 1.90
CHF 49.00
50,000,001 – 100,000,000
0.030%
EUR 1.25
EUR 29.00
CHF 1.90
CHF 49.00
100,000,001 – 500,000,000
0.020%
EUR 1.25
EUR 29.00
CHF 1.90
CHF 49.00
> 500,000,000
0.015%
EUR 1.25
EUR 29.00
CHF 1.90
CHF 49.00
Exchange / ECN, Clearing and Regulatory Fees (per exchange)
Volume tiers are applied based on monthly cumulative trade volume summed across all stock and ETF shares at the time of the trade. Only shares that are traded while under the unbundled 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.
Asian Stocks Bundled Commissions
Stocks, ETFs and Warrants / Asia Pacific
Tier
Commissions
Minimum
per Order
Maximum
per Order
Examples
Australia
All
0.08% of trade value
AUD 6
400 shares@ AUD 50 Share Price= AUD 16
India (plus
Securities Transaction Tax, Exchange Charges, Statutory Tax and Service
Tax)
All
0.05% of trade value
INR 75
2.5%
400 shares@ INR 400 Share Price= INR 80
Hong Kong (1), (2)
All
0.088% of trade value
HKD 18
400 shares@ HKD 70 Share Price= HKD 24.64
Japan
All
0.08% of trade value
JPY 450
100 Shares @ JPY 10,000 Share Price= JPY 800
Notes:
Commissions apply to all order types.
1All exchange and regulatory fees included except in Hong
Kong.
2For Hong Kong, exchange trading fees, exchange trading tariff,
CCASS settlement fees, and CCASS custody fees are included. Government stamp
duty (0.1% rounded up to the nearest 1.00, applies to stocks only) and SFC
transaction levy (0.004%, applies to stocks and warrants) are directly passed
through to the customer.
Stocks and Warrants / Unbundled Asia-Pacific
Your total unbundled commission will
include IB unbundled fees, plus exchange, clearing, and pass-through fees. Click here for examples.
IB Unbundled Fees
Monthly Trade Value (HKD)
Fee Per Trade Value
Minimum per Order
Maximum per Order
<=15,000,000
0.090%
$18 HKD
N/A
15,000,001 – 300,000,000
0.050%
$18 HKD
N/A
300,000,001 – 900,000,000
0.030%
$18 HKD
N/A
900,000,001 – 2,000,000,000
0.020%
$18 HKD
N/A
>2,000,000,000
0.015%
$18 HKD
N/A
Exchange, Clearing and Pass-through Fees (per exchange)
Volume tiers are applied based on monthly cumulative trade volume summed across all stock and ETF shares at the time of the trade. Only shares that are traded while under the unbundled 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.
European Options
Options / Europe
Tier
Commissions
Minimum per Order
Example
Belgium
All
EUR 3.00 per contract
EUR 3.00
1 Contract = EUR 3.00
France
All not listed below
EUR 0.30 per contract
EUR 0.30
1 Contract = EUR 0.30
CAC40
EUR 0.50 per contract
EUR 0.50
1 Contract = EUR 0.50
Germany
Stock Options
EUR 1.10 per contract
EUR 1.10
1 Contract = EUR 1.10
All Index Options not listed below
EUR 1.50 per contract
EUR 1.50
1 Contract = EUR 1.50
DAX
EUR 1.70 per contract
EUR 1.70
1 Contract = EUR 1.70
Netherlands
All
EUR 2.00 per contract
EUR 2.00
1 Contract = EUR 2.00
Spain
Stock Options
EUR 0.90 per contract
EUR 4.50
1 Contract = EUR 0.90
Sweden
Stock Options
SEK 15.00
SEK 15.00
1 Contract = SEK 15.00
Index Options
SEK 20.00
SEK 20.00
1 Contract = SEK 20.00
Switzerland
Stock Options
CHF 1.70 per contract
CHF 1.70
1 Contract = CHF 1.70
Index Options
CHF 2.80 per contract
CHF 2.80
1 Contract = CHF 2.80
United Kingdom
All
GBP 1.70 per contract(1)
GBP 1.70
1 Contract = GBP 1.70
Notes:
Commissions apply to all order types.
All exchange and regulatory fees included.
Commissions are charged for exercise
and assignment.
Unbundled pricing available for index options. See futures
commissions for more information.
1Stamp duty on option exercise (UK=0.5%) is directly passed through
to the customer.
Asia-Pacific Options
Options / Asia-Pacific
Tier
Commissions
Minimum per Order
Example
Australia
All
AUD 3.00(1) per contract
AUD 3.00
1 Contract = AUD 3.00
India(2)(plus
Securities Transaction Tax, Exchange Charges, and Service Tax)
All exchange and regulatory fees included except for Hong Kong stock options.
Commissions are not charged for exercise and assignment, except in Australia.
Unbundled pricing available for index options. See futures
commissions for more information.
1Australia commission includes AUD 1.88 commission + AUD 1.12 Australian
Clearing House (ACH) fee. Also, AUD 2.75 will be added for exercise/assignment
(includes
ACH fee
of
AUD 0.55).
2The sliding scale for Indian commissions is incremental per
tier per month.
4For all exercise and assignments standard stock commissions apply plus Stock Exchange Options Clearing House (SEOCH) fee of HKD 2.00 per contract.
North American Futures Commissions
Futures and Futures Options / US
IB Flat Rate per Currency
Your total flat rate comprises the IB Flat Rate (which includes IB Execution, Clearing, and Carrying Fees) plus applicable exchange and regulatory fees.
US
EUR
GBP
CAD
CHF
HKD
AUD
SEK
SGD
JPY
All
0.85
0.65
0.60
0.85
0.95
7.00
0.95
6.50
1.20
85.00
IB Volume Tiered Fees per Currency
Your total Volume Tiered commission will include IB Execution, IB Clearing, IB Carrying, and exchange and regulatory fees.
All fees are charged in the currency of the traded product.
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.
1Volume 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 IB
execution costs would be:
1,000 contracts at USD 0.60
500 contracts at USD 0.45
2Carrying 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.
3Non-member exchange and regulatory fees are applied, unless a customer is pre-qualified
by IB. Contact your sales person for more information.
Futures and Futures Options / Bundled Canada and Mexico
Futures and Futures Options / Unbundled - Canada, Europe, Asia-Pacific
Your total unbundled commission will include IB execution and IB clearing fees (which vary by volume), IB carrying fee, and exchange and regulatory fees.
All fees are charged in the currency of the traded product.
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 unbundled pricing.
European and Asian Index Options are available for unbundled pricing.
1Volume 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 unbundled 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 IB
execution costs would be:
1,000 contracts at EUR 0.65
500 contracts at EUR 0.40
2Carrying 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.
3Non-member regulatory fees are applied, unless a customer is pre-qualified
by IB. Contact your sales person for more information.
Exchange Incentive Program
Members, arcades, and proprietary traders operating under a
special exchange program are entitled to special pricing. In
order to participate, you must choose IB unbundled
futures pricing and complete the required exchange documentation.
Please see the table below for applications and information.
Exchange
Program
Qualifications
Type
CME
Electronic
Corporate Membership Program (ECMP)
Electronic
proprietary trading groups and trading arcades that are not
eligible for other CME membership categories and fee incentives.
Asian Incentive Program (AIP)
Hedge
funds and banks located in the Pacific Rim
International
Incentive Program(1)
Proprietary trading firms and trading arcades located
outside of North America.
Latin American Fund Manager Incentive Program
Registered Latin American-based funds.
Montreal Exchange
Frequent
Trader Program
All individual
clients actively engaged in trading Montreal Exchange’s
(MX) products may qualify for the frequent trader program.
NYMEX
NYMEX Programs
IB will honor NYMEX Members and Lessee Participants, and Incentive Program Participants. For details, please visit the NYMEX.
N/A
All applications may be submitted to:
Kevin Keller
Attn: Incentive Programs
Interactive Brokers LLC
2 Pickwick Plaza
Greenwich, CT 06830
Please allow two weeks from submission for IB to fully process
your application with the applicable exchange. Questions may
be directed to memberpricing@interactivebrokers.com.
Notes:
1 The European Incentive Program was replaced by the International
Incentive Program in the beginning of 2009.
Mexico
Australia
United States 
Austria
Belgium
Italy
Netherlands
Sweden
Switzerland
India 
Hong Kong (1), (2)
Japan
South Korea
Netherlands
Singapore 