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Gold USD/oz. (loco London), Silver USD/oz. (loco London)

Commissions apply to all order types and use a pricing structure in which all exchange and regulatory fees are included.

London Gold

Order Amount USD Commissions Minimum per Order
0 – 500,000 1.5 basis points1 *Trade Value USD 2.00
500,000.01 – 1,000,000 1.0 basis points1 *Trade Value N/A
> 1,000,000 0.7 basis points1 *Trade Value N/A

London Silver

Order Amount USD Commissions Minimum per Order
0 – 250,000 3.0 basis points1 *Trade Value USD 2.00
250,000.01 – 500,000 2.0 basis points1 *Trade Value N/A
> 500,000 1.5 basis points1 *Trade Value N/A

Storage Cost Fees
All Storage cost 0.10% per annum.

Borrow Fees
Balance Cutoffs Borrow Fees Charged
Product Currency Tier I Tier II Below Tier I Between Tier I and Tier II Above Tier II
All USD 1,000,000 10,000,000 1.072%
(BM + 1%)
(BM + 0.5%)
(BM + 0.3%)

Assumes Benchmark is 1.183% and closing price 1275

Buy 500 XAUUSD Contracts at 1275 = IBKR Execution Fee 9.56 + Storage 1.77 = 11.33

Sell 500 XAUUSD Contracts at 1275 = IBKR Execution Fee 9.56 + Borrow Fee 38.66 = 48.22


  1. 1 basis point=0.0001.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • 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 ounces is submitted and 100 ounces execute, then you modify the order and another 100 ounces execute, a commission minimum would be applied to both 100 ounces orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.


Metals - Pricing Structure

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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.

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