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Commissions

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

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

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 0.0000051 * Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.000119 * Quantity Sold 8

Trade Allocation Minimum Commissions

We charge a minimum fee for US stock trades allocated by Advisors or Brokers to their clients. 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. Advisors can elect to charge the allocation minimum fee to their 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
USD 0.008 per share11 USD 0.80 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 maximum per order will be assessed. For example, a purchase to buy 10 shares of a $0.20 stock will be charged $0.02 (10 shares x 0.005/share = 0.05 commission, minimum 1.00 per Order, capped at 10 shares x 0.20 x 1% = 0.02).
  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.
  11. For TSX USD denominated stocks only.

  • 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.



All Stock and ETF orders executed with IB SmartRoutingSM on venues in Belgium, France, Germany, Spain, Italy, Netherlands,
Switzerland, United Kingdom3
Fixed
EUR-denominated1 EUR 3.00 for trades up to EUR 6,000 0.05% of trade value for trades over EUR 6,000
GBP-denominated GBP 3.00 for trades up to GBP 6,000 0.05% of trade value for trades over GBP 6,000
CHF-denominated CHF 5.00 for trades up to CHF 10,000 0.05% of trade value for trades over CHF 10,000
USD-denominated2 USD 4.00 for trades up to USD 8,000 0.05% of trade value for trades over USD 8,000

EUR-denominated:
75 Shares @ EUR 80 Share Price = EUR 3.00

GBP-denominated:
150 Shares @ GBP 40 Share Price = GBP 3.00

CHF-denominated:
200 Shares @ CHF 50 Share Price = CHF 5.00

USD-denominated:
250 Shares @ USD 32 Share Price = USD 4.00



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

100 Shares @ EUR 40 Share Price = EUR 4.00


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
250 Shares @ EUR 25 Share Price = EUR 12.50


Belgium3
Fixed Minimum Per Order Maximum Per Order
Direct Routed 0.1% of trade value EUR 4.00 None

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25


France3
Fixed Minimum Per Order Maximum Per Order
Direct Routed 0.1% of trade value EUR 4.00
USD6.002
None

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25
200 Shares @ USD 30 Share Price = USD 6.00


Germany
Fixed Minimum Per Order Maximum Per Order
SWB, SWB Warrants 0.12% of trade value EUR 6.00 None
GETTEX - Stocks and Warrants 0.05% of trade value EUR 1.25 None
Other Direct Routed Orders 0.1% of trade value EUR 4.00 None

SWB:
100 Shares @ EUR 50 Share Price = EUR 6.00
400 Shares @ EUR 15 Share Price = EUR 7.20

GETTEX - Stocks and Warrants:
100 Shares @ EUR 25 Share Price = EUR 1.25
500 Shares @ EUR 12 Share Price = EUR 3.00

All Other Direct Routed:
100 Shares @ EUR 40 Share Price = EUR 4.00



Hungary
Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value HUF 200 None

800 Shares @ HUF 250 Share Price = HUF 200.00
1,000 Shares @ HUF 300 Share Price = HUF 300.00


Israel
Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value ILS 15 None

200 Shares @ ILS 75 Share Price = ILS 15.00


Italy3
Fixed Minimum Per Order Maximum Per Order
Warrants & Structured Products 0.1% of trade value EUR 6.00 None
Other Direct Routed Orders 0.1% of trade value EUR 4.00 None

Warrants & Structured Products:
120 Shares @ EUR 50 Share Price = EUR 6.00
150 Shares @ EUR 60 Share Price = EUR 9.00

All Other Direct Routed Orders:
100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 30 Share Price = EUR 7.50



Netherlands
Fixed Minimum Per Order Maximum Per Order
Direct Routed 0.1% of trade value EUR 4.00
USD 6.002
None

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25
120 Shares @ USD 50 Share Price = USD 6.00


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

100 Shares @ NOK 50 Share Price = NOK 49.00
1,000 Shares @ NOK 150 Share Price = NOK 75.00


Poland
Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value PLN 15.00 None

200 Shares @ PLN 75 Share Price = PLN 15.00
500 Shares @ PLN 55 Share Price = PLN 27.50


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


Spain3
Fixed Minimum Per Order Maximum Per Order
Direct Routed 0.1% of trade value EUR 4.00 None

100 Shares @ EUR 40 Share Price = EUR 4.00


Sweden
Fixed Minimum Per Order Maximum Per Order
SEK-denominated 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


Switzerland3
Fixed Minimum Per Order Maximum Per Order
USD-denominated ETFs, Warrants & Structured Products 0.1% of trade value USD 10.002 None
Other Direct Routed Orders 0.1% of trade value CHF6.00
EUR 4.00
GBP 6.00
USD 6.00
None

120 Shares @ CHF 50 Share Price = CHF 6.00
100 Shares @ EUR 50 Share Price = EUR 5.00
240 Shares @ GBP 25 Share Price = GBP 6.00
100 Shares @ USD 60 Share Price = USD 6.00


United Kingdom3
Fixed Minimum Per Order Maximum Per Order
Direct Routed 0.1% GBP 4.00
EUR 4.00
USD 6.002
None

100 Shares @ GBP 40 Share Price = GBP 4.00
500 Shares @ GBP 15 Share Price = GBP 7.50
80 Shares @ EUR 50 Share Price = EUR 4.00
100 Shares @ USD 60 Share Price = USD 6.00



Notes:

All exchange and regulatory fees are included in IB’s charges, except as noted below.

  1. Euronext (FR/NL/BE) – EUR 0.75 per execution exchange fee passed through on ETF products only.
  2. USD-Denominated products traded on the listed European venues.
  3. For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.

  • 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.


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.


Australia5
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 1,2,6
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

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 14.50
GBP 1.40
EUR 2.00
N/A

100 Shares @ SGD 50 Share Price= SGD 4


Notes:

  1. Click here for the fee schedule for SEHK shares.
  2. 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. For all products which are exclusively traded on Chi-x Australia IBKR will not monitor and provide clients with notice respecting changes to the underlying instrument throughout its lifecycle, including but not limited to, potential stop loss or strike events. The client has full responsibility for monitoring for changes to any such underlying instruments and for making independent investment decisions in response. In addition, IBKR will not review any documentation relating to any of these products, and it is the responsibility of the client to fully understand the operational impact of these products and their behavior. Clients should obtain their own professional legal or financial advice, if required.
  6. For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.

  • IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs. For trades in non-exchange-listed US stocks (e.g., Pink sheet and OTCBB), ETFs, warrants and other non-qualifying products, IBKR Lite accounts are subject to the Fixed Rate Pricing.
  • 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