Commissions Stocks
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
| Monthly Volume (shares)1,7 | IBKR Pro - Tiered | IBKR Pro - Fixed | IBKR Lite |
|---|---|---|---|
| ≤ 300,000 | USD 0.0035 | USD 0.005 | USD 0.002 |
| 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 (shares) | USD 0.35 | USD 1.00 | USD 0.003 |
| Maximum per order | 1% of Trade Value4,8 | 1% of Trade Value4,8 | USD 0.00 |
| IB SmartRoutingSM | |||
| Eligibility | All | All | Singapore Retail Investors |
| Third Party Fees |
|
|
|
| Fractional Shares 12,13 | Commissions charged for fractional share trades and whole share trades are the same unless otherwise noted. | ||
Regulatory Fees
SEC Transaction Fee: USD 0.0000206 * Value of Aggregate Sales
FINRA Trading Activity Fee: USD 0.000195 * Quantity Sold5
FINRA Consolidated Audit Trail Fees: USD 0.000003 * Quantity11
Exchange Fees
Clearing Fees
NSCC, DTC Fees: USD 0.00020 per share6
Pass Through Fees
NYSE Pass Through Fees: Commissions * 0.000175
FINRA Pass Through Fees: Commissions * 0.000565
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
Canada
| Monthly Volume (shares)1,7 | 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 Value4,9 | 0.5% of Trade Value4,9 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
| Monthly Volume (shares)1,7 | Tiered10 | Fixed10 |
|---|---|---|
| ≤ 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 Value4,9 | 0.4% of Trade Value4,9 |
| IB SmartRoutingSM | ||
| Third Party 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
| 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
BRAZIL
| Monthly Trade Value (BRL)1,7 | Tiered | Fixed |
|---|---|---|
| ≤ 300,000,000 | 0.07% of Trade Value | N/A |
| 300,000,000.01 – 500,000,000 | 0.05% of Trade Value | |
| > 500,000,000 | 0.03% of Trade Value | |
| Minimum per order | N/A | N/A |
| IB SmartRoutingSM | N/A | |
| Third Party Fees |
|
None |
Disclosures
- 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
- 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 other OTC stocks), de-listed ETPs, warrants, and other non-qualifying products, and recurring investment instructions, IBKR Lite accounts are subject to Fixed Pricing. IBKR Lite is available to Singapore retail investors who hold individual, joint, or trust accounts. These accounts can be cash or margin. Standalone trust accounts with legal entity trustees are not eligible for IBKR Lite .
-
For US exchange-listed stocks and ETFs, there is unlimited commission-free trading during regular US trading hours ("RTH") and US extended hours ("ETH") (RTH and ETH together run from 4 am to 8 pm New York City time, Monday through Friday) for stocks and ETFs priced at or above USD 1.00. Relevant US Securities and Exchange Commission (SEC) & Financial Industry Regulatory Authority (FINRA) fees may apply.
For trades in non-exchange-listed US stocks (e.g. Pink sheet), ETFs, warrants, and other non-qualifying products, and recurring investment instructions, IBKR Lite accounts are subject to Fixed Pricing.
Trades during the Overnight Trading Hours ("OTH") and US listed stock orders executed at a price under USD 1.00 ("Sub-Dollar" trades) are commission-free in any given month for IBKR Lite clients so long as the total monthly volume of shares executed via any combination of OTH and Sub-Dollar trade(s) does not exceed 10% of an account's monthly US stock trading volume (excluding trades subject to Fixed Pricing); otherwise your account will be charged the lesser of (i) USD 0.005 per share or (ii) 1% of trade value for such trades.
- Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
- Maximum USD 9.79 per trade. In the case of partial executions, each execution is considered one trade.
- Maximum 0.5% of trade value.
- Orders where the commission cap is applied do not count towards the monthly volume tiers.
- 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).
- 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.
- For TSX USD denominated stocks only.
- 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.
- Fractional share trades are subject to the same commission rates as whole share trades, with a minimum commission of USD 0.01. For each fractional share trade, you will be charged the greater of 1% of the trade value or USD 0.01.
Examples:- When buying 50% of a share at a full share price of USD 10.00 (USD 5.00 trade value): Commission = USD 0.05
- When buying 5% of a share at a full share price of USD 15.00 (USD 0.75 trade value): Commission = USD 0.01
- Dividend Reinvestment shares for Tiered are subject to a minimum commission lesser of 0.35 USD or 0.1% of Trade Value per Order. Dividend Reinvestment shares for Fixed are subject to a minimum commission lesser of 1 USD or 0.1% of Trade Value per Order.
- 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 (currently 9%, or other prevailing rate as determined by the Inland Revenue Authority of Singapore), where applicable, will be separately applied to eligible services. The commissions and fees that we charge you may be subject to GST even for services provided and consumed outside of Singapore. IBKR does not give tax advice, please consult a tax professional.
- 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.
- 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.
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |
| Maximum per order (shares) | EUR 29.00 | None |
None |
| Maximum per order (fractional shares) | None |
||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None3 |
None |
Exchange, Clearing and Regulatory Fees
Fixed Examples:
100 Shares @ EUR 40 Share Price = EUR 4.00
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 |
|
None |
Exchange, Clearing and Regulatory Fees
Fixed Examples:
100 Shares @ EUR 50 Share Price = EUR 10.00
250 Shares @ EUR 25 Share Price = EUR 12.50
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |
| Maximum per order (shares) | EUR 29.00 | None |
None |
| Maximum per order (fractional shares) | None |
||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None3 |
None |
Exchange and Clearing Fees
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
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 and Regulatory Fees
Fixed Example:
100 Shares @ CZK 500 Share Price = CZK 75
1000 Shares @ CZK 1000 Share Price = CZK 1500
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | DKK 10.00 | DKK 49.00 | DKK 65.00 |
| Minimum per order (fractional shares) | DKK 10.00 | DKK 10.00 | |
| Maximum per order (shares) | None |
None |
None |
| Maximum per order (fractional shares) | |||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
Exchange, Clearing and Regulatory Fees
Fixed Example:
100 Shares @ DKK 50 Share Price = DKK 49
France
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing6 |
|---|---|---|---|
| ≤ 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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |
| Maximum per order (shares) | EUR 29.00 | None |
None |
| Maximum per order (fractional shares) | None |
||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None3 |
None |
Exchange and Clearing Fees
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
Germany
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing6 | Fixed - Direct Routing (SWB)6 | Fixed - Direct Routing (GETTEX)6 |
|---|---|---|---|---|---|
| ≤ 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 | ||||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |||
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 | EUR 6.00 | EUR 3.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |||
| Maximum per order (shares) | EUR 29.00 | None |
None |
None |
None |
| Maximum per order (fractional shares) | None |
||||
| IB SmartRoutingSM | |||||
| Third Party Fees2 |
|
None |
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:
SWB:
100 Shares @ EUR 50 Share Price = EUR 6.00
400 Shares @ EUR 15 Share Price = EUR 7.20
GETTEX - Stocks and Warrants:
500 Shares @ EUR 12 Share Price = EUR 3.00
All Other Direct Routed:
100 Shares @ EUR 40 Share Price = EUR 4.00
Hungary
| Monthly Trade Value (EUR)1 | Tiered | Fixed |
|---|---|---|
| ≤ 50,000,000 | 0.05% of Trade Value | Buys: 0.55% 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 |
|
Third Party Pass-Through Fees |
| 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 |
|
Third Party Pass-Through Fees |
Exchange, Clearing and Regulatory Fees
Fixed Examples:
800 Shares @ HUF 250 Share Price = HUF 200.00
1,000 Shares @ HUF 300 Share Price = HUF 300.00
Italy
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing6 |
|---|---|---|---|
| ≤ 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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |
| Maximum per order (shares) | EUR 29.00 | None |
None |
| Maximum per order (fractional shares) | None |
||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
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
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |
| Maximum per order (shares) | EUR 29.00 | None |
None |
| Maximum per order (fractional shares) | None |
||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | USD 1.70 | USD 4.00 | USD 6.00 |
| Minimum per order (fractional shares) | USD 1.70 | USD 1.70 | |
| Maximum per order (shares) | USD 39.00 | None |
None |
| Maximum per order (fractional shares) | USD 39.00 | None |
|
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
Exchange Fees
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
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 |
|
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
| 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 |
|
Third Party Pass-Through Fees |
Exchange, Clearing and Regulatory Fees
Fixed Examples:
200 Shares @ PLN 75 Share Price = PLN 15.00
500 Shares @ PLN 55 Share Price = PLN 27.50
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 |
|
None |
Exchange Fees
Romania
| Monthly Trade Value (EUR)1 | Tiered | Fixed |
|---|---|---|
| ≤ 50,000,000 | N/A | 0.28% 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 | RON 10.00 |
| Maximum per order | N/A | None |
| IB SmartRoutingSM | ||
| Third Party Fees2 | N/A | N/A |
Fixed Example:
100 Shares @ RON 500 Share Price = RON 140
1000 Shares @ RON 1000 Share Price = RON 2800
Slovenia
| Monthly Trade Value (EUR)1 | Tiered | Fixed |
|---|---|---|
| ≤ 50,000,000 | N/A | 0.35% 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 |
| Maximum per order | N/A | None |
| IB SmartRoutingSM | ||
| Third Party Fees2 | N/A | Third Party Pass Through Fees |
Exchange, Clearing and Regulatory Fees
Fixed Example:
100 Shares @ EUR 50 Share Price = EUR 17.50
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 | ||
| Fractional Shares | N/A | 0.05% of Trade Value | |
| Minimum per order (shares) | N/A | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | N/A | EUR 1.25 | |
| Maximum per order (shares) | N/A | None |
None |
| Maximum per order (fractional shares) | 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
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 | |
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value |
| Minimum per order (shares) | SEK 10.00 | SEK 49.00 |
| Minimum per order (fractional shares) | SEK 10.00 | SEK 10.00 | Maximum per order (shares) | None |
None |
| Maximum per order (fractional shares) | ||
| IB SmartRoutingSM | ||
| Third Party Fees2 |
|
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 | |
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value |
| Minimum per order (shares) | EUR 1.25 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 |
| Maximum per order (shares) | EUR 29.00 | None |
| Maximum per order (fractional shares) | EUR 29.00 | None |
| IB SmartRoutingSM | ||
| Third Party Fees2 |
|
None |
Exchange Fees
Fixed Example:
100 Shares @ SEK 50 Share Price = SEK 49.00
Switzerland
| Monthly Trade Value (CHF)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing6 |
|---|---|---|---|
| ≤ 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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | CHF 1.50 | CHF 5.00 | CHF 6.00 |
| Minimum per order (fractional shares) | CHF 1.50 | CHF 1.50 | |
| Maximum per order (shares) | CHF 49.00 | None |
None |
| Maximum per order (fractional shares) | None |
||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing6 |
|---|---|---|---|
| ≤ 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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |
| Maximum per order (shares) | EUR 29.00 | None |
None |
| Maximum per order (fractional shares) | EUR 29.00 | None |
|
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
| Monthly Trade Value (GBP)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing6 |
|---|---|---|---|
| ≤ 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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | GBP 1.00 | GBP 3.00 | GBP 6.00 |
| Minimum per order (fractional shares) | GBP 1.00 | GBP 1.00 | |
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing6 | |
|---|---|---|---|---|
| ≤ 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 | |||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | ||
| Minimum per order (shares) | USD 1.70 | USD 4.00 | USD 6.00 | |
| Minimum per order (fractional shares) | USD 1.70 | USD 1.70 | ||
| Maximum per order (shares) | USD 39.00 | None |
None |
|
| Maximum per order (fractional shares) | USD 39.00 | None |
||
| IB SmartRoutingSM | ||||
| Third Party Fees2 |
|
None |
None |
|
Exchange Fees
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
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | GBP 1.00 | GBP 3.00 | GBP 4.00 |
| Minimum per order (fractional shares) | GBP 1.00 | GBP 1.00 | Maximum per order (shares) | None |
None |
None |
| Maximum per order (fractional shares) | |||
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Minimum per order (fractional shares) | EUR 1.25 | EUR 1.25 | |
| Maximum per order (shares) | EUR 29.00 | None |
None |
| Maximum per order (fractional shares) | EUR 29.00 | None |
|
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
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 | ||
| Fractional Shares | Tiered Pricing | 0.05% of Trade Value | |
| Minimum per order (shares) | USD 1.70 | USD 4.00 | USD 6.00 |
| Minimum per order (fractional shares) | USD 1.70 | USD 1.70 | |
| Maximum per order (shares) | USD 39.00 | None |
None |
| Maximum per order (fractional shares) | USD 39.00 | None |
|
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
Exchange Fees and Clearing 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
Disclosures
- For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
- For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.
- Euronext (FR/NL/BE) - EUR 0.75 per execution exchange fee passed through on ETF products only.
- To a maximum value of HUF 4,444,444 thereafter .1%
- View tiered - direct routing commission pricing on the EUIBSI exchange.
- IB SmartRoutingSM is not available for Warrants and Certificates. Warrants and Certificates can use Direct Routing only.
- 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.
- Goods and services tax (currently 9%, or other prevailing rate as determined by the Inland Revenue Authority of Singapore), where applicable, will be separately applied to eligible services. The commissions and fees that we charge you may be subject to GST even for services provided and consumed outside of Singapore. IBKR does not give tax advice, please consult a tax professional.
- 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 - 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.
- The Panel on Takeovers and Mergers (PTM) Levy is a regulatory charge applicable to buy and sell trades in securities of eligible companies. This flat-rate levy of 1.50 GBP per qualifying trade applies conditionally. See conditions.
* Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.
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 |
|
Third Party Pass-Through Fees |
Exchange, Clearing and Regulatory Fees
Fixed Example:
200 Shares @ ILS 75 Share Price = ILS 15.00
Saudi Arabia
| Monthly Trade Value (SAR)1 | Tiered | Fixed |
|---|---|---|
| ≤ 200,000,000 | 0.05% of Trade Value | 0.10% of Trade Value |
| 200,000,000.01 - 400,000,000 | 0.04% of Trade Value | |
| > 400,000,000 | 0.03% of Trade Value | |
| IB SmartRoutingSM | ||
| Third Party Fees2 | Regulatory Fees Exchange Fees |
|
Exchange, Clearing and Regulatory Fees
United Arab Emirates
ADX
| Monthly Trade Value 1 | Tiered | Fixed |
|---|---|---|
| All | 0.10% of Trade Value | 0.10% of Trade Value |
| Minimum Per Order | 5 AED | 5 AED |
| IB SmartRoutingSM | ||
| Third Party Fees2 | Exchange Fees | Exchange Fees |
DFM
| Monthly Trade Value 1 | Tiered | Fixed |
|---|---|---|
| All | 0.25% of Trade Value | 0.25% of Trade Value |
| Minimum Per Order | 5 AED | 5 AED |
| IB SmartRoutingSM | ||
| Third Party Fees2 | Exchange Fees | Exchange Fees |
Disclosures
- For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
- For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.
- 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.
- Goods and services tax (currently 9%, or other prevailing rate as determined by the Inland Revenue Authority of Singapore), where applicable, will be separately applied to eligible services. The commissions and fees that we charge you may be subject to GST even for services provided and consumed outside of Singapore. IBKR does not give tax advice, please consult a tax professional.
- 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.
- 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.
Australia
| Monthly Trade Value (AUD)1,2 | Tiered | Fixed |
|---|---|---|
| ≤ 3,000,000 | Tier I - 0.08% of Trade Value | 0.08% of Trade Value |
| 3,000,000.01 - 30,000,000 | Tier II - 0.05% of Trade Value | |
| 30,000,000.01 - 100,000,000 | Tier III - 0.03% of Trade Value | |
| 100,000,000.01 - 300,000,000 | Tier IV - 0.025% of Trade Value | |
| > 300,000,000 | Tier V - 0.015% of Trade Value | |
| Minimum per order | Tier I - AUD 5.00 Tier II - AUD 4.00 Tier III - AUD 3.00 Tier IV - AUD 2.00 Tier V - AUD 1.00 |
AUD 6.00 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
Exchange, Clearing and Regulatory Fees
Fixed Example:
400 Shares @ AUD 50 Share Price = AUD 16.00
Hong Kong
| Monthly Trade Value (HKD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 15,000,000 | Tier I - 0.05% of Trade Value | 0.08% of Trade Value |
| 15,000,000.01 - 300,000,000 | Tier II - 0.05% of Trade Value | |
| 300,000,000.01 - 900,000,000 | Tier III - 0.03% of Trade Value | |
| 900,000,000.01 - 2,000,000,000 | Tier IV - 0.02% of Trade Value | |
| > 2,000,000,000 | Tier V - 0.015% of Trade Value | |
| Minimum per order SEHK Stocks | Tier I - HKD 18.00 Tier II - HKD 12.00 Tier III - HKD 8.00 Tier IV - HKD 6.00 Tier V - HKD 4.00 |
HKD 18.00 |
| Minimum per order SEHK Warrants, Structred Products | Tier I - HKD 12.00 Tier II - HKD 10.00 Tier III - HKD 8.00 Tier IV - HKD 6.00 Tier V - HKD 4.00 |
HKD 10.00 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
Regulatory Fees |
| Monthly Trade Value (HKD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 15,000,000 | Tier I - 0.05% of Trade Value | 0.08% of Trade Value |
| 15,000,000.01 - 300,000,000 | Tier II - 0.05% of Trade Value | |
| 300,000,000.01 - 900,000,000 | Tier III - 0.03% of Trade Value | |
| 900,000,000.01 - 2,000,000,000 | Tier IV - 0.02% of Trade Value | |
| > 2,000,000,000 | Tier V - 0.015% of Trade Value | |
| Minimum per order | Tier I - USD 2.25 Tier II - USD 1.50 Tier III - USD 1.00 Tier IV - USD 0.75 Tier V - USD 0.50 |
USD 2.25 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
Regulatory Fees |
| Monthly Trade Value (HKD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 15,000,000 | Tier I - 0.05% of Trade Value | 0.08% of Trade Value |
| 15,000,000.01 - 300,000,000 | Tier II - 0.05% of Trade Value | |
| 300,000,000.01 - 900,000,000 | Tier III - 0.03% of Trade Value | |
| 900,000,000.01 - 2,000,000,000 | Tier IV - 0.02% of Trade Value | |
| > 2,000,000,000 | Tier V - 0.015% of Trade Value | |
| Minimum per order | Tier I - CNH 15.00 Tier II - CNH 10.00 Tier III - CNH 7.00 Tier IV - CNH 5.00 Tier V - CNH 3.00 |
CNH 15.00 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
Regulatory Fees |
Exchange, Clearing and Regulatory Fees
India
| Monthly Trade Volume | Tiered | Fixed |
|---|---|---|
| All3,4 | N/A | 1 bps |
| Minimum per order | N/A | INR 6.00 |
| Maximum per order | N/A | INR 20.00 |
| IB SmartRoutingSM | N/A | |
| Third Party Fees | N/A |
|
Securities Transaction Tax, Exchange Charges, Statutory Tax and GST, and Regulatory Fees
Japan
| Monthly Trade Value (JPY)1 | Tiered | Fixed |
|---|---|---|
| ≤ 150,000,000 | Tier I - 0.05% of Trade Value | 0.08% of Trade Value |
| 150,000,000.01 - 3,000,000,000 | Tier II - 0.04% of Trade Value | |
| 3,000,000,000.01 - 9,000,000,000 | Tier III - 0.03% of Trade Value | |
| 9,000,000,000.01 - 20,000,000,000 | Tier IV - 0.02% of Trade Value | |
| 20,000,000,000.01 - 100,000,000,000 | Tier V - 0.015% of Trade Value | |
| > 100,000,000,000 | Tier VI - 0.01% of Trade Value | |
| Minimum per order | Tier I - JPY 80.00 Tier II - JPY 70.00 Tier III - JPY 60.00 Tier IV - JPY 40.00 Tier V - JPY 30.00 Tier VI - JPY 20.00 |
JPY 80.00 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
Exchange and Clearing Fees
Fixed Example:
100 Shares @ JPY 10,000 Share Price = JPY 800
Malaysia
| Monthly Trade Value (MYR)1 | Tiered | Fixed |
|---|---|---|
| ≤ 10,000,000 | Tier I - 0.08% of Trade Value | N/A |
| 10,000,000.01 - 200,000,000 | Tier II - 0.06% of Trade Value | |
| 200,000,000.01 - 500,000,000 | Tier III - 0.05% of Trade Value | |
| > 500,000,000 | Tier IV - 0.03% of Trade Value | |
| Minimum per order | Tier I - MYR 12.00 Tier II - MYR 10.00 Tier III - MYR 9.00 Tier IV - MYR 8.00 |
N/A |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
Exchange, Clearing and Regulatory Fees
Singapore
| Monthly Trade Value (SGD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 2,500,000 | Tier I - 0.08% of Trade Value | 0.08% of Trade Value |
| 2,500,000.01 - 50,000,000 | Tier II - 0.05% of Trade Value | |
| 50,000,000.01 - 150,000,000 | Tier III - 0.03% of Trade Value | |
| > 150,000,000 | Tier IV - 0.02% of Trade Value | |
| Minimum per order | Tier I - SGD 2.50 Tier II - SGD 1.60 Tier III - SGD 1.20 Tier IV - SGD 0.90 |
SGD 2.50 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
| Monthly Trade Value (SGD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 2,500,000 | Tier I - 0.08% of Trade Value | 0.08% of Trade Value |
| 2,500,000.01 - 50,000,000 | Tier II - 0.05% of Trade Value | |
| 50,000,000.01 - 150,000,000 | Tier III - 0.03% of Trade Value | |
| > 150,000,000 | Tier IV - 0.02% of Trade Value | |
| Minimum per order | Tier I - USD 2.00 Tier II - USD 1.30 Tier III - USD 1.00 Tier IV - USD 0.70 |
USD 2.00 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
| Monthly Trade Value (SGD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 2,500,000 | Tier I - 0.08% of Trade Value | 0.08% of Trade Value |
| 2,500,000.01 - 50,000,000 | Tier II - 0.05% of Trade Value | |
| 50,000,000.01 - 150,000,000 | Tier III - 0.03% of Trade Value | |
| > 150,000,000 | Tier IV - 0.02% of Trade Value | |
| Minimum per order | Tier I - GBP 1.40 Tier II - GBP 0.90 Tier III - GBP 0.70 Tier IV - GBP 0.50 |
GBP 1.40 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
| Monthly Trade Value (SGD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 2,500,000 | Tier I - 0.08% of Trade Value | 0.08% of Trade Value |
| 2,500,000.01 - 50,000,000 | Tier II - 0.05% of Trade Value | |
| 50,000,000.01 - 150,000,000 | Tier III - 0.03% of Trade Value | |
| > 150,000,000 | Tier IV - 0.02% of Trade Value | |
| Minimum per order | Tier I - HKD 14.50 Tier II - HKD 9.50 Tier III - HKD 7.00 Tier IV - HKD 6.00 |
HKD 14.50 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
| Monthly Trade Value (SGD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 2,500,000 | Tier I - 0.08% of Trade Value | 0.08% of Trade Value |
| 2,500,000.01 - 50,000,000 | Tier II - 0.05% of Trade Value | |
| 50,000,000.01 - 150,000,000 | Tier III - 0.03% of Trade Value | |
| > 150,000,000 | Tier IV - 0.02% of Trade Value | |
| Minimum per order | Tier I - EUR 2.00 Tier II - EUR 1.30 Tier III - EUR 1.00 Tier IV - EUR 0.70 |
EUR 2.00 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
Exchange and Clearing Fees
Fixed Example:
100 Shares @ SGD 50 Share Price = SGD 4.00
South Korea
| Monthly Trade Value (KRW)1 | Tiered | Fixed |
|---|---|---|
| ≤ 2,250,000,000 | Tier I - 0.06% of Trade Value | N/A |
| 2,250,000,001 - 45,000,000,000 | Tier II - 0.05% of Trade Value | |
| 45,000,000,001 - 135,000,000,000 | Tier III - 0.04% of Trade Value | |
| > 135,000,000,000 | Tier IV - 0.03% of Trade Value | |
| Minimum per order | Tier I - KRW 4000 Tier II - KRW 3400 Tier III - KRW 3000 Tier IV - KRW 2700 |
N/A |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
Exchange, Clearing and Regulatory Fees
Taiwan
| Monthly Trade Value (TWD)1 | Tiered | Fixed |
|---|---|---|
| ≤ 50,000,000 | Tier I - 0.08% of Trade Value | N/A |
| 50,000,000.01 - 1,000,000,000 | Tier II - 0.06% of Trade Value | |
| 1,000,000,000.01 - 3,000,000,000 | Tier III - 0.05% of Trade Value | |
| > 3,000,000,000 | Tier IV - 0.03% of Trade Value | |
| Minimum per order | Tier I - TWD 80.00 Tier II - TWD 60.00 Tier III - TWD 30.00 Tier IV - TWD 30.00 |
N/A |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
Exchange, Clearing and Regulatory Fees
Disclosures
- For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
- For all products which are exclusively traded on Cboe 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.
- Stocks on the NSE are only available to Indian residents.
- Up to per order value of INR 1,000,000. Portion of order above INR 1,000,000 will be charged 2 bps.
- 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.
- Please note that directed API orders cannot use the Tiered fee structure. Smart-routed API orders can use either the Tiered or Fixed structure.
- 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.
- Goods and services tax (currently 9%, or other prevailing rate as determined by the Inland Revenue Authority of Singapore), where applicable, will be separately applied to eligible services. The commissions and fees that we charge you may be subject to GST even for services provided and consumed outside of Singapore. IBKR does not give tax advice, please consult a tax professional.
- 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.