Our tight spreads and substantial liquidity are a result of combining quotation streams from 17 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 currency brokers. Tiers are based on the combined Monthly Trade Value of Spot Currency trades.
|Monthly Trade Value (USD)2||Tiered|
|≤ 1,000,000,000||0.20 basis point 3 * Trade Value 4|
|1,000,000,000.01 - 2,000,000,000||0.15 basis point 3 * Trade Value 4|
|2,000,000,000.01 - 5,000,000,000||0.10 basis point 3 * Trade Value 4|
|> 5,000,000,000||0.08 basis point 3 * Trade Value 4|
|Minimum per order 2||
Tier I - USD 2.00
Tier II - USD 1.50
Tier III - USD 1.25
Tier IV - USD 1.00
Interactive Brokers Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the IIROC AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.
Know Your Advisor: View the IIROC AdvisorReport