Commissions Stock Europe

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COMMISSIONS

Stocks and ETFs

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

Austria flag

Austria

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None3

None

Exchange, Clearing and Regulatory Fees

Fixed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00

Estonia flag Latvia flag Lithuania flag

Baltic Region (Estonia, Latvia, Lithuania)

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.2% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 10.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None

Fixed Examples:

100 Shares @ EUR 50 Share Price = EUR 10.00
250 Shares @ EUR 25 Share Price = EUR 12.50

Tiered Examples

Belgium flag

Belgium

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None3

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

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

Tiered Examples

Czech Republic flag

Czech Republic

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 N/A 0.15% of Trade Value
50,000,000.01 - 100,000,000 N/A
100,000,000.01 - 500,000,000 N/A
> 500,000,000 N/A
Minimum per order N/A CZK 70
Maximum per order N/A None
IB SmartRoutingSM
Third Party Fees2 N/A

Third Party Pass Through Fees

Exchange, Clearing, Custody and Regulatory Fees
PRA

Fixed Example:

100 Shares @ CZK 500 Share Price = CZK 75

1000 Shares @ CZK 1000 Share Price = CZK 1500

Denmark flag

Denmark

Monthly Trade Value (DKK)1 Tiered Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 400,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
400,000,000.01 - 800,000,000 0.03% of Trade Value
800,000,000.01 - 4,000,000,000 0.02% of Trade Value
> 4,000,000,000 0.015% of Trade Value
Minimum per order DKK 10.00 DKK 49.00 DKK 65.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Exchange, Clearing and Regulatory Fees

Fixed Example:

100 Shares @ DKK 50 Share Price = DKK 49


France flag

France

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None3

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

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

Tiered Examples

Germany flag

Germany

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing Fixed - Direct Routing (SWB) Fixed - Direct Routing (GETTEX)
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value 0.12% of Trade Value 0.05% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00 EUR 6.00 EUR 1.25
Maximum per order EUR 29.00 None None None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

None

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

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

Tiered Examples

Hungary flag

Hungary

Monthly Trade Value (HUF)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value Buys: 0.4% of Trade Value4
Sells: 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order HUF 200.00 HUF 200.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
BUX

Fixed Examples:

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

Israel flag

Israel

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order ILS 5.25 ILS 15.00
Maximum per order ILS 120.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees

Fixed Example:

200 Shares @ ILS 75 Share Price = ILS 15.00

Italy flag

Italy

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing Fixed - Direct Routing (Warrants and Structured Products)
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00 EUR 6.00
Maximum per order EUR 29.00 None None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

None

Exchange, Clearing and Regulatory Fees

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

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:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 30 Share Price = EUR 7.50

Tiered Examples

Netherlands flag

Netherlands

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None3

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order USD 1.70 USD 4.00 USD 6.00
Maximum per order USD 39.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

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

Tiered Examples

Norway flag

Norway

Monthly Trade Value (NOK) Tiered Fixed
≤ 400,000,000 0.05% of Trade Value 0.05% of Trade Value
400,000,000.01 - 800,000,000 0.03% of Trade Value
800,000,000.01 - 4,000,000,000 0.02% of Trade Value
> 4,000,000,000 0.015% of Trade Value
Minimum per order NOK 10.00 NOK 49.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees

Fixed Examples:

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

Poland flag

Poland

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order PLN 5.00 PLN 15.00
Maximum per order PLN 125.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
WSE

Fixed Examples:

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

Portugal flag

Portugal

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.15% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 6.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees

None

Exchange Fees
BVL

Fixed Examples:

100 Shares @ EUR 50 Share Price = EUR 7.50

Tiered Examples

Russia flag

Russia

NOTES:

  • Due to restrictions imposed by Russia, IBKR clients cannot open or close positions on the Moscow Stock Exchange at this time.
  • AS of July 28, 2022, any long or short RUB balances in an account auto-convert to USD or EUR, depending on the entity holding an account. Visit our Knowledge Base for additional info.
Monthly Trade Value (RUB) Tiered Fixed
≤ 3,700,000,000 0.05% of Trade Value N/A
3,700,000,000.01 - 7,500,000,000 0.03% of Trade Value
7,500,000,000.01 - 37,000,000,000 0.02% of Trade Value
> 37,000,000,000 0.015% of Trade Value
Minimum per order RUB 95.00 N/A
Maximum per order RUB 2,200.00 N/A
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees
N/A

Exchange, Clearing and Regulatory Fees
Spain flag

Spain

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 N/A 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 N/A
100,000,000.01 - 500,000,000 N/A
> 500,000,000 N/A
Minimum per order N/A EUR 3.00 EUR 4.00
Maximum per order N/A None None
IB SmartRoutingSM N/A
Third Party Fees2 N/A

None

None

Exchange, Clearing and Regulatory Fees

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Example:

100 Shares @ EUR 40 Share Price = EUR 4.00

Tiered Examples

Sweden flag

Sweden

Monthly Trade Value (SEK)1 Tiered5 Fixed
≤ 400,000,000 0.05% of Trade Value 0.05% of Trade Value
400,000,000.01 - 800,000,000 0.03% of Trade Value
800,000,000.01 - 4,000,000,000 0.02% of Trade Value
> 4,000,000,000 0.015% of Trade Value
Minimum per order SEK 10.00 SEK 49.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees

None

Monthly Trade Value (EUR)1 Tiered5 Fixed
≤ 50,000,000 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 4.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Fixed Example:

100 Shares @ SEK 50 Share Price = SEK 49.00

Switzerland flag

Switzerland

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order CHF 1.50 CHF 5.00 CHF 6.00
Maximum per order CHF 49.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Monthly Trade Value (GBP)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 40,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
40,000,000.01 - 80,000,000 0.03% of Trade Value
80,000,000.01 - 400,000,000 0.02% of Trade Value
> 400,000,000 0.015% of Trade Value
Minimum per order GBP 1.00 GBP 3.00 GBP 6.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing Fixed - Direct Routing (ETFs, Warrants, & Structured Products)
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order USD 1.70 USD 4.00 USD 6.00 USD 10.00
Maximum per order USD 39.00 None None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

None

Fixed Examples:

75 Shares @ EUR 80 Share Price = EUR 3.00
150 Shares @ GBP 40 Share Price = GBP 3.00
200 Shares @ CHF 50 Share Price = CHF 5.00
250 Shares @ USD 32 Share Price = USD 4.00

Tiered Examples

United Kingdom flag

United Kingdom

Monthly Trade Value (GBP)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 40,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
40,000,000.01 - 80,000,000 0.03% of Trade Value
80,000,000.01 - 400,000,000 0.02% of Trade Value
> 400,000,000 0.015% of Trade Value
Minimum per order GBP 1.00 GBP 3.00 GBP 4.00
IB SmartRoutingSM
Third Party Fees2
  • Regulatory Fees
  • Exchange Fees
  • Clearing Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00

None

None

IB SmartRoutingSM
Third Party Fees2
  • Regulatory Fees
  • Exchange Fees
  • Clearing Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order USD 1.70 USD 4.00 USD 6.00
Maximum per order USD 39.00

None

None

IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None

None

Exchange Fees

Clearing Fees - EUR, GBP and CHF Denominated Products External Fees

Fixed Examples:

75 Shares @ EUR 80 Share Price = EUR 3.00
150 Shares @ GBP 40 Share Price = GBP 3.00
250 Shares @ USD 32 Share Price = USD 4.00

Tiered Examples

Disclosures

  1. For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
  2. For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.
  3. Euronext (FR/NL/BE) - EUR 0.75 per execution exchange fee passed through on ETF products only.
  4. To a maximum value of HUF 3,333,333 thereafter .1%
  5. View tiered - direct routing commission pricing on the EUIBSI exchange.

  • Commissions apply to all order types.
  • 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 Tiered 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.
  • IBKR's Tiered (i.e., commission plus external venue fees/rebates) 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. In certain circumstances, IBKR may receive discounts with respect to third party fees, including exchange and/or clearing fees, that may not pass-through to 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.
  • Please note that directed API orders cannot use the Tiered fee structure. SmartRouted API orders can use either the Tiered or Fixed structure.
  • For European stock Algo orders, IB will apply the commission cap as follows:
        For EUR-denominated stocks every EUR 75,000 of executed value a new per order cap will be applied
        For CHF-denominated stocks every CHF 100,000 of executed value a new per order cap will be applied
        For GBP-denominated stocks every GBP 65,000 of executed value a new per order cap will be applied
  • Clients using a tiered commission structure are charged 1% of the fractional share value, with a minimum charge of 0.01 in the trading currency. Any whole (non-fractional) shares are charged the respective tiered rate.
  • 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.

* 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 Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO 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 CIRO AdvisorReport