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Commissions Fixed Income

Bonds Commissions

Minimize Your Costs to Maximize Your Returns*. Low commissions with no added spreads, ticket charges, platform fees, or account minimums.

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United States

United States - Corporate & CDs
Trade Value Commissions Minimum Maximum
First USD 10,000 in Face Value 0.1%* Face Value (10 bps) 1, 2 USD 1.00 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
United States - Municipal Bonds
Trade Value Commissions Minimum Maximum
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
United States - Treasuries (Bills, Notes, Bonds)
Trade Value Commissions Minimum Maximum
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

United States - External Fees

External fees are passed through at cost.

BondDesk
IBKRATS
MuniCenter
NYSE Bonds
VALUBOND
Fees
FINRA Trading Activity Fee USD 0.00082 * Quantity Sold 3

Maximum USD 0.82 per trade.

Disclosures

  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 0.82 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. >

* Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.

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

IIROC