MiFID II Disclosures

Forms and Disclosures

MiFID II Disclosures

This page provides useful information and regulatory disclosures regarding the EU Markets in Financial Instruments Directive ("MiFID II").

Product Governance

MiFID II lays down product governance requirements that apply to manufacturers and distributors of financial instruments. IBKR entities subject to MiFID requirements ("IBKR") have established a Product Governance framework defining the steps that IBKR takes for products that IBKR manufactures and for products that IBKR distributes.

Target Market and Distribution Strategy Table for Manufactured and Distributed Products

In accordance with the MIFID II Product Governance requirements, Interactive Brokers (U.K.) Limited ("IBUK") has identified the potential target market for the financial instruments that IBUK manufactures, and financial instruments that are distributed, but not manufactured by IBUK.

The Target Market and Distribution Strategy table below provides the generic target market assessment performed by IBUK and other IBKR entities in relation to all products offered to their clients. Not all entities offer all products. Information on product coverage by entity is included in the below table. Further information on financial instruments can be found on the dedicated pages of the IBKR website.

Distributors should make their own determination in relation to the specific target market for the instruments and on an on-going basis raise any issue with IBUK of material discrepancy between the target market generically identified and the specific target market.

Target Market and Distribution Strategy Table for Manufactured and Distributed Products Download

Key Information Documents for Products Manufactured by IBUK

Key Information Documents for IBUK CFDs (KID) Link
Key Information Documents for IBUK LME OTC (KID) Link

Policies and Disclosures

Interactive Brokers (U.K.) Limited Order Execution Policy Link
Interactive Brokers (U.K) Limited Summary of the Conflicts of Interest Policy
November 7, 2019
Link

Best Execution: Top 5 Execution Summary

2017 Top 5 Venue and Execution Summary Link
2018 Top 5 Venue and Execution Summary Link
2019 Top 5 Venue and Execution Summary Download
2020 Top 5 Venue and Execution Summary Link

Costs and Charges Disclosure

Costs and Charges Disclosure Link
Costs and Charges Illustrations Link

Client Categorisation

Professional Client Categorisation Notification Download
Retail Client Categorisation Notification Download

Complaints

IBUK/IBUKL Complaints for Q3-Q4 of 2020 Download
IBUK/IBUKL Complaints for Q1-Q2 of 2020 Download

Transaction Reporting

Overview of MiFIR Transaction Reporting Link
MiFIR Enriched and Delegated Transaction Reporting for EEA Investment Firm Link
MiFIR Information Required from Account Holders that do not have Reporting Obligations Link

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options".

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

For a list of IBG memberships worldwide, see our exchange listings.