Commissions Stock Europe
Commissions
Stocks and ETFs
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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 | ||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Maximum per order | EUR 29.00 | None | None |
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None3 |
None |
Exchange, Clearing and Regulatory Fees
Fixed Examples:
100 Shares @ EUR 40 Share Price = EUR 4.00
Tiered Examples
Cost and Charge Illustration
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
Tiered Examples
Cost and Charge Illustration
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 | ||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Maximum per order | EUR 29.00 | None | 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
Tiered Examples
Cost and Charge Illustration
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, Custody 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 | ||
| Minimum per order | DKK 10.00 | DKK 49.00 | DKK 65.00 |
| 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 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 | ||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Maximum per order | EUR 29.00 | None | 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
Tiered Examples
Cost and Charge Illustration
Germany
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing | Fixed - Direct Routing (SWB) | Fixed - Direct Routing (GETTEX) |
|---|---|---|---|---|---|
| ≤ 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 | ||||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 | EUR 6.00 | EUR 1.25 |
| Maximum per order | EUR 29.00 | None | None | None | 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:
100 Shares @ EUR 25 Share Price = EUR 1.25
500 Shares @ EUR 12 Share Price = EUR 3.00
All Other Direct Routed:
100 Shares @ EUR 40 Share Price = EUR 4.00
Tiered Examples
Cost and Charge Illustration
Hungary
| Monthly Trade Value (HUF)1 | Tiered | Fixed |
|---|---|---|
| ≤ 50,000,000 | 0.05% of Trade Value | Buys: 0.4% 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 |
|
None |
| 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 |
|
None |
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
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 |
|
None |
Exchange, Clearing and Regulatory Fees
Fixed Example:
200 Shares @ ILS 75 Share Price = ILS 15.00
Italy
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing | Fixed - Direct Routing (Warrants and Structured Products) |
|---|---|---|---|---|
| ≤ 50,000,000 | 0.05% of Trade Value | 0.05% of Trade Value | 0.10% 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 | |||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 | EUR 6.00 |
| Maximum per order | EUR 29.00 | None | None | None |
| IB SmartRoutingSM | ||||
| Third Party Fees2 |
|
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:
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
Tiered Examples
Cost and Charge Illustration
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 | ||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Maximum per order | EUR 29.00 | None | 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 | ||
| Minimum per order | USD 1.70 | USD 4.00 | USD 6.00 |
| Maximum per order | USD 39.00 | None | 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
Tiered Examples
Cost and Charge Illustration
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 |
|
None |
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
Fixed Examples:
100 Shares @ EUR 50 Share Price = EUR 7.50
Tiered Examples
Cost and Charge Illustration
Russia
NOTES:
- Due to restrictions imposed by Russia, IBKR clients cannot open or close positions on the Moscow Stock Exchange at this time.
- AS of July 28, 2022, any long or short RUB balances in an account auto-convert to USD or EUR, depending on the entity holding an account. Visit our Knowledge Base for additional info.
| Monthly Trade Value (RUB) | Tiered | Fixed |
|---|---|---|
| ≤ 3,700,000,000 | 0.05% of Trade Value | N/A |
| 3,700,000,000.01 - 7,500,000,000 | 0.03% of Trade Value | |
| 7,500,000,000.01 - 37,000,000,000 | 0.02% of Trade Value | |
| > 37,000,000,000 | 0.015% of Trade Value | |
| Minimum per order | RUB 95.00 | N/A |
| Maximum per order | RUB 2,200.00 | N/A |
| IB SmartRoutingSM | ||
| Third Party Fees2 |
|
N/A |
Exchange, Clearing and Regulatory Fees
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 | ||
| Minimum per order | N/A | EUR 3.00 | EUR 4.00 |
| Maximum per order | N/A | None | 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
Tiered Examples
Cost and Charge Illustration
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 | |
| Minimum per order | SEK 10.00 | SEK 49.00 |
| 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 | |
| Minimum per order | EUR 1.25 | EUR 4.00 |
| Maximum per order | 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 (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 | ||
| Minimum per order | CHF 1.50 | CHF 5.00 | CHF 6.00 |
| Maximum per order | CHF 49.00 | None | 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 | ||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Maximum per order | EUR 29.00 | None | None |
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
| 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 | ||
| Minimum per order | GBP 1.00 | GBP 3.00 | GBP 6.00 |
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
| Monthly Trade Value (EUR)1 | Tiered5 | Fixed - IB SmartRoutingSM | Fixed - Direct Routing | Fixed - Direct Routing (ETFs, Warrants, & Structured Products) |
|---|---|---|---|---|
| ≤ 50,000,000 | 0.05% of Trade Value | 0.05% of Trade Value | 0.10% 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 | |||
| Minimum per order | USD 1.70 | USD 4.00 | USD 6.00 | USD 10.00 |
| Maximum per order | USD 39.00 | None | None | None |
| IB SmartRoutingSM | ||||
| Third Party Fees2 |
|
None |
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
Tiered Examples
Cost and Charge Illustration
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 | ||
| Minimum per order | GBP 1.00 | GBP 3.00 | GBP 4.00 |
| 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 | ||
| Minimum per order | EUR 1.25 | EUR 3.00 | EUR 4.00 |
| Maximum per order | EUR 29.00 | None |
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 | ||
| Minimum per order | USD 1.70 | USD 4.00 | USD 6.00 |
| Maximum per order | USD 39.00 | None |
None |
| IB SmartRoutingSM | |||
| Third Party Fees2 |
|
None |
None |
Clearing Fees - EUR, GBP and CHF Denominated Products External 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
Tiered Examples
Cost and Charge Illustration
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 3,333,333 thereafter .1%
- View tiered - direct routing commission pricing on the EUIBSI exchange.
- 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.
- In the Tiered 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, IB 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, IB does not pass to customers all of the rebates IB may receive for orders in pink sheet or OTCBB stocks.
- 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 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 - Clients using a tiered commission structure are charged 1% of the fractional share value, with a minimum charge of 0.01 in the trading currency. Any whole (non-fractional) shares are charged the respective tiered rate.
* Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.
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.