Commissions Stock Europe

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COMMISSIONS

Stocks, ETFs, Warrants and Structured Products

Minimize Your Costs to Maximize Your Returns*. Low commissions with no added spreads, ticket charges, platform fees, or account minimums.

Austria flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None3

None

Exchange, Clearing and Regulatory Fees

Fixed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00


Tiered Examples

Cost and Charge Illustration
Estonia flag Latvia flag Lithuania flag

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
  • Exchange Fees
  • Clearing Fees

None

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 flag

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
  • Exchange Fees
  • Clearing Fees

None3

None

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 flag

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
PRA

Fixed Example:

100 Shares @ CZK 500 Share Price = CZK 75

1000 Shares @ CZK 1000 Share Price = CZK 1500

Denmark flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Exchange, Clearing and Regulatory Fees

Fixed Example:

100 Shares @ DKK 50 Share Price = DKK 49

France flag

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
  • Exchange Fees
  • Clearing Fees

None3

None

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 flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

None

None

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


Tiered Examples

Cost and Charge Illustration
Hungary flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
BUX

Fixed Examples:

800 Shares @ HUF 250 Share Price = HUF 200.00

1,000 Shares @ HUF 300 Share Price = HUF 300.00

Israel flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees

Fixed Example:

200 Shares @ ILS 75 Share Price = ILS 15.00

Italy flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

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 flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

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 flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

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 flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
WSE

Fixed Examples:

200 Shares @ PLN 75 Share Price = PLN 15.00
500 Shares @ PLN 55 Share Price = PLN 27.50

Portugal flag

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
  • Exchange Fees

None

Exchange Fees
BVL

Fixed Examples:

100 Shares @ EUR 50 Share Price = EUR 7.50


Tiered Examples

Cost and Charge Illustration
Russia flag

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.
  • As of June 21, 2024, we no longer receive pricing data for MOEX listed securities or securities with a MOEX listed component.
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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees
N/A

Exchange, Clearing and Regulatory Fees
Saudi Arabia flag

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, Custody and Regulatory Fees
Spain flag

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

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 flag

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
  • Exchange Fees

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Fixed Example:

100 Shares @ SEK 50 Share Price = SEK 49.00

Switzerland flag

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

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
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

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 flag

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
  • Regulatory Fees
  • Exchange Fees
  • Clearing Fees

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
  • Regulatory Fees
  • Exchange Fees
  • Clearing Fees

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
  • Exchange Fees
  • Clearing Fees

None

None

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

  1. For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
  2. For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.
  3. Euronext (FR/NL/BE) – EUR 0.75 per execution exchange fee passed through on ETF products only.
  4. To a maximum value of HUF 4,444,444 thereafter .1%
  5. View tiered - direct routing commission pricing on the EUIBSI exchange.
  6. IB SmartRoutingSM is not available for Warrants and Structured products. Warrants and Structured Products can use Direct Routing only.

  • Commissions apply to all order types.
  • Commissions on Western European stocks is just £3/€3 per trade for typical trade sizes. For larger trades (those over £6000/€6000) the cost is .05% of trade value.
  • UK stamp duty will be applied to all UK share purchases.
  • 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.
  • Our Tiered commission schedules (which cover commissions plus external venue fees/rebates) 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 to the relevant exchange or third party by the IBKR entity responsible for execution (Executing Broker), subject to applicable laws. For example, the Executing Broker may pay lower fees than the fees paid by clients to IBKR; likewise, rebates passed on to clients by IBKR may be less than the rebates the Executing Broker receives from the relevant exchange or third party. For example, if the Executing Broker receives higher rebates (or pays lower fees) for exceeding volume thresholds on a particular exchange / third party, it typically will not pass these volume-based incremental rebates/fee discounts directly to clients.
  • Value-Added Tax (VAT), Goods and Service Tax (GST) or other consumption taxes will be separately applied to commissions and services, where applicable, based on the prevailing rates.
  • 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.

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.

Cryptoassets are unregulated in the UK. Interactive Brokers (U.K) Limited ("IBUK") is registered with the Financial Conduct Authority as a cryptoassets firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

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.