Notes:

1. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts, regardless of the exchange on which they trade, at the time of the trade. Only contracts that are traded while under the Cost-Plus Tiered pricing structure will count towards the monthly volume. Contract 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 1,500 EUR contracts in a month, your IBKR execution costs would be:
   1,000 contracts at EUR 0.65
   500 contracts at EUR 0.40

2. Overnight position charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight. The overnight position fee for accounts with margin in between the minimum requirement and 3x the minimum will have their overnight position fees extrapolated based on the table above.
3. Non-member regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
4. For the purpose of determining the monthly volume tier, each mini future contract will count as 1/10 of the volume of one standard size future contract, i.e. for every 10 N225M / MJ / MNTPX / JPNK400 futures contracts traded, the monthly volume will increase by 1.
5. 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.
6. GBP index option Cost+ commissions will start at 0.60.

• Commissions apply to all order types.
• All fees are charged in the currency of the traded product.
• 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 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

• Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
  Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please refer here.

• The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. Click here for details.
• Single Stock Futures are not available for Cost-Plus pricing.
• European Index Options are available for Cost-Plus Tiered pricing.

Notes:

1. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts, regardless of the exchange on which they trade, at the time of the trade. Only contracts that are traded while under the Cost-Plus Tiered pricing structure will count towards the monthly volume. Contract 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 1,500 EUR contracts in a month, your IBKR execution costs would be:
   1,000 contracts at EUR 0.65
   500 contracts at EUR 0.40

2. Overnight position charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight. The overnight position fee for accounts with margin in between the minimum requirement and 3x the minimum will have their overnight position fees extrapolated based on the table above.
3. Non-member regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
4. For the purpose of determining the monthly volume tier, each mini future contract will count as 1/10 of the volume of one standard size future contract, i.e. for every 10 N225M / MJ / MNTPX / JPNK400 futures contracts traded, the monthly volume will increase by 1.
5. per Order minimum of YEN 100 applies.
6. The overnight position cost on the following mini-future products Singapore-listed SGXNKM and SGB; Osaka-listed N225M; Tokyo-listed MJ, MNTPX and JPNK400 will be:
   
   

   	JPY
   3x Margin Requirements	0.00
   2x Margin Requirements	0.50
   Meets Margin Requirements	1.00

   
   
7. 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.
8. For the purpose of determining the monthly volume tier, each Euronext mini product will count as 1/10 the volume of one standard size future contract, i.e. for every 10 mini contracts traded, the monthly volume will increase by 1. Each mini DAX contract will count as 1/2 the volume of one standard size future contract.
9. GBP index option Cost+ commissions will start at 0.60.
10. For first 100 lots. Portion of order above 100 lots will be charged at INR 5 per lot.
11. The maximum per order for NRIs will be INR 150.

• Commissions apply to all order types.
• All fees are charged in the currency of the traded product.
• 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 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

• Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
  Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please refer here.

• The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. Click here for details.
• Single Stock Futures are not available for Cost-Plus pricing.
• European and Asian Index Options are available for Cost-Plus Tiered pricing.