Commissions Stocks

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COMMISSIONS

Stocks, ETFs, Warrants and Certificates

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

United States flag

UNITED STATES

Monthly Volume (shares)1,5 Tiered Fixed
≤ 300,000 USD 0.0035 USD 0.005
300,001 - 3,000,000 USD 0.0020
3,000,001 - 20,000,000 USD 0.0015
20,000,001 - 100,000,000 USD 0.0010
> 100,000,000 USD 0.0005
Minimum per order USD 0.35 USD 1.00
Maximum per order 1% of Trade Value2,6 1% of Trade Value2,6
IB SmartRoutingSM
Eligibility All All
Third Party Fees
  • Regulatory Fees
  • Exchange Fees
  • Clearing Fees
  • Pass-Through Fees
  • Regulatory Fees

Regulatory Fees

SEC Transaction Fee: USD 0.0000278 * Value of Aggregate Sales

FINRA Trading Activity Fee: USD 0.000166 * Quantity Sold3

FINRA Consolidated Audit Trail Fees: USD 0.000048 * Quantity to 0.0000729 * Quantity


Exchange Fees


Clearing Fees

NSCC, DTC Fees: USD 0.00020 per share4


Pass Through Fees

NYSE Pass Through Fees: Commissions * 0.000175

FINRA Pass Through Fees: Commissions * 0.000563

Alternate Exchange Commissions:

API Direct Routed Orders, DARK, IBKRATS, and ALGOS

Fixed Examples:

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

Tiered Examples

Canada flag

CANADA

Monthly Volume (shares)1,5 Tiered Fixed
≤ 300,000 CAD 0.008 CAD 0.01
300,001 - 3,000,000 CAD 0.005
3,000,001 - 20,000,000 CAD 0.004
20,000,000 CAD 0.003
Minimum per order CAD 1.00 CAD 1.00
Maximum per order 0.5% of Trade Value2,7 0.5% of Trade Value2,7
IB SmartRoutingSM
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Monthly Volume (shares)1,5 Tiered8 Fixed8
≤ 300,000 USD 0.006 USD 0.008
300,001 - 3,000,000 USD 0.004
3,000,001 - 20,000,000 USD 0.003
20,000,000 USD 0.002
Minimum per order USD 0.80 USD 0.80
Maximum per order 0.4% of Trade Value2,7 0.4% of Trade Value2,7
IB SmartRoutingSM
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange Fees


Clearing Fees

All not listed below: CAD 0.00017 per share/capped at CAD 2.00 per order

VENTURE: CAD 0.00010 per share/capped at CAD 2.00 per order


Regulatory Fees

SEC Transaction Fee: CAD 0.00011 per share/capped at CAD 3.30 per trade (not per order)

Fixed Example:

100 Shares @ CAD 25 Share Price = CAD 1.00

Mexico flag

MEXICO

Monthly Volume (shares) Tiered Fixed
All N/A MXN 0.1% * trade value
Minimum per order N/A MXN 60.00
IB SmartRoutingSM N/A
Third Party Fees N/A

None

Fixed Example:

700 Shares @ MXN 100 Share Price = MXN 70.00

Disclosures

  1. Volume tiers are applied based on monthly cumulative trade volume summed across all US and Canadian stock and ETF shares at the time of the trade. Only shares that are traded while under the Tiered 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 Tiered fees would be:
    • 300,000 shares at USD 0.0035
    • 200,000 shares at USD 0.002
  2. Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
  3. Maximum USD 8.30 per trade. In the case of partial executions, each execution is considered one trade.
  4. Maximum 0.5% of trade value.
  5. Orders where the commission cap is applied do not count towards the monthly volume tiers.
  6. 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).
  7. 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.
  8. For TSX USD denominated stocks only.
  9. The higher rate applies to venues where FINRA is the SRO which are all off exchange OTC venues. The lower rate applies to listed exchanges who are currently absorbing a portion of the CAT fees; this is subject to change in the future as they have applied to the SEC for rate changes. The venues with the lower rate are: AMEX, ARCA, BATS, BEX, BYX, CBOE, CHX, DRCTEDGE, EDGEA, EDGX, IEX, IEXMID, ISE, ISLAND, LTSE, MEMX, NASDDARK, NYSE, NYSEDARK, NYSEFLOOR, NYSENAT, PEARL, PHLX, and PSX. Currently, the fees include Prospective CAT Fees (on-going fee) as well as Historical CAT Assessment Fee that will expire once the historical cost is collected. Note that FINRA CAT will reevaluate the Prospective CAT Fees twice a year to reflect actual CAT costs.

  • Commissions apply to all order types.
  • Tiered commissions will be capped at 0.5% of trade value
  • When using IB SmartRoutingSM, clients should be aware that IB may route 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 priced stocks (under USD 2.50).
  • In the Tiered (i.e., commission plus external venue fees/rebates) commission structure, clients may or may not be eligible to receive direct credit for rebates paid for certain types of orders executed at various market centers. For example, IBKR may receive enhanced rebate payments as a result of exceeding volume thresholds on particular markets, but typically will not directly pass these enhancements to customers. Likewise, IBKR does not pass to customers all of the rebates IBKR may receive for orders in pink sheet or other OTC stocks. 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.
  • Please note that directed API orders cannot use the Tiered fee structure. SmartRouted API orders can use either the Tiered or Fixed structure.
  • Goods and services tax (GST) and provincial sales tax (PST) where applicable, will be separately applied to eligible services. (commissions, market data, research, other fees page only)
  • 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.
  • If IBKR receives a rebate payment for a pink sheet or other OTC stock execution, this rebate is not passed to the client.
  • A minimum commission of USD 0.01 per trade is assessed to non-recurring fractional share trades.
  • 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.

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