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Stocks, ETFs and Warrants

North America Europe Asia-Pacific

North America

Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and most regulatory fees with the exception of the transaction fees, which are passed through on all stock sales.


United States 6
Fixed Minimum Per Order Maximum Per Order
USD0.005 per share USD 1.00 0.5% of trade value 1, 7


Exceptions (API, Global X ETFs, VWAP, DARK, IBKRATS, IBDARK, CSFB ALGO, CSFB PATH, JEFFALGO)

Transaction Fees

Canada
Fixed Minimum Per Order Maximum Per Order
CAD0.01per share CAD 1.00 0.5% of trade value 1, 2
Mexico
Fixed Minimum Per Order Maximum Per Order
MXN0.1%of trade value MXN 60.00 N/A

Notes:

  • Commissions apply to all order types.
  • All exchange fees are included.
  • For customers who send an extraordinary number of non-marketable limit orders to the NYSE, and who route such orders direct to NYSE, rather than using IB Smart routing, IB reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, IB will provide notice to affected customers.
  • 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.
  1. Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
  2. For orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee will be added. See the Tiered North America section for details of the exchange fees.
  3. This charge does not apply to relative, pegged to market and pegged to midpoint orders.
  4. Directed orders to IBKRATS/IBDARK that are marketable will generally be rejected.
  5. Transaction fees are only charged for sell orders.
  6. Includes NMS, OTCBB, and Pink Sheet Stocks.
  7. In the event the calculated maximum per order is less than the minimum per order, the minimum per order will be assessed.

Europe

Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and regulatory fees.


Austria

Fixed Minimum Per Order Maximum Per Order
All 0.1%of trade value EUR 4.00 EUR 120.00
Belgium

Fixed Minimum Per Order Maximum Per Order
All 0.1%of trade value EUR 4.00 EUR 29.00
France

Fixed Minimum Per Order Maximum Per Order
Euro-denominated 0.1%of trade value EUR 4.00 EUR 29.00
USD-denominated 0.1%of trade value USD 5.00 USD 42.00
Germany

Fixed Minimum Per Order Maximum Per Order
SWB 0.12%of trade value EUR 6.00 None
FWB 2 0.1%of trade value EUR 4.00 EUR 99.00
Chi-X / BATS / Turquoise DE / Tradegate 0.1%of trade value EUR 4.00 EUR 29.00
Xetra - ETFs 0.1%of trade value EUR 4.00 EUR 29.00
Xetra - Stocks 0.1%of trade value EUR 4.00 EUR 99.00
Italy

Fixed Minimum Per Order Maximum Per Order
All 0.1%of trade value EUR 4.00 EUR 29.00
Netherlands

Fixed Minimum Per Order Maximum Per Order
Euro-denominated 0.1%of trade value EUR 4.00 EUR 29.00
USD-denominated 0.1%of trade value USD 5.00 USD 42.00
Norway

Fixed Minimum Per Order Maximum Per Order
All 0.05%of trade value NOK 49.00 None
Spain

Fixed Minimum Per Order Maximum Per Order
All 0.1%of trade value EUR 4.00 None
Sweden

Fixed Minimum Per Order Maximum Per Order
All 0.05%of trade value SEK 49.00 None
Switzerland

Fixed Minimum Per Order Maximum Per Order
CHF-denominated 0.1%of trade value CHF 10.00 None
USD-denominated 0.1%of trade value USD 5.00 USD 42.00
United Kingdom 1

Fixed Minimum Per Order Maximum Per Order
Up to GBP 50,000 Trade Value GBP 6.00 GBP 6.00 GBP 6.00
> GBP 50,000 Trade Value GBP6.00 + 0.05% of incremental trade value > GBP 50,000 GBP 6.00 GBP 29.00
LSE International Order Book and USD-denominated stocks USD 0.05% of trade value USD 5.00 None
EUR-denominated stocks 0.1% of trade value EUR 4.00 EUR 29.00

Notes:

  • Commissions apply to all order types.
  • All exchange and regulatory fees are included.
  • 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.
  • Effective August 1, 2012, securities issued by French companies with a market capitalization of 1 billion EUR as of January 1, 2012 will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
  • 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.
  • 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
  1. Stamp taxes (UK=0.5%, Ireland=1%) are directly passed through to the customer.
  2. Plus Trade Fee.

Asia-Pacific

Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and regulatory fees.


Australia
Tier Fixed Minimum Per Order Maximum Per Order
All 0.08%of trade value AUD 6.00 (NZD 8.00) N/A
Hong Kong 1, 2
Tier Fixed Minimum Per Order Maximum Per Order
Stocks 0.08%of trade value HKD 18 N/A
Warrants, Structured Products 0.08%of trade value HKD 10 N/A

Japan
Tier Fixed Minimum Per Order Maximum Per Order
All 0.08%of trade value JPY 80 N/A
Singapore
Tier Fixed Minimum Per Order Maximum Per Order
All 0.08%of trade value SGD 2.50
(USD 2.00)
(HKD 18.00)
N/A

Notes:

  • Commissions apply to all order types.
  • 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.
  1. All exchange and regulatory fees are included, except in Hong Kong.
  2. For Hong Kong, exchange trading fees, exchange trading tariff, CCASS settlement fees, and CCASS custody fees are passed through to all customers on the receipt or delivery of stock as a result of an option exercise. Government stamp duty (0.1% rounded up to the nearest 1.00, applies to stocks only) and SFC transaction levy (0.0027%, applies to stocks and warrants) are directly passed through to the customer on all applicable activity regardless of commission model. Click here for fee schedule.

The IB Pre-Borrow program allows customers to pre-borrow stocks in anticipation of a short sale to decrease the chances of being bought-in on settlement date. Portfolio Margin customers are eligible, and can join from within Account Management. Portfolio margin customers can also borrow and lend stocks via the AQS exchange.



IB Pre-Borrow
United States
Rate Minimum Maximum
IB Ticket Charge 1 USD 20.00 N/A N/A
AQS Borrow/Loan
United States
Rate Minimum Maximum
IB Daily Carry Charge 2 10% * Borrow / Lend Fee 3 0.1% * Collateral Amount / 360 1% * Collateral Amount / 360
IB Ticket Charge 4 USD5.00 N/A N/A
  1. The IB Ticket Charge for IB Pre-Borrows is a one-time fee charged per executed order.
  2. Fees are accrued daily through the end of the month on a 360 day/year basis, and are charged at the beginning of next month. IB Carry Charge includes the AQS fee and applies to both borrow and lend transactions.
  3. The Borrow/Lend Fee is similar to the bid/ask on a stock contract, and is calculated as follows: Collateral Amount * Borrow/Lend Rate / 360.
  4. The $5.00 IB Ticket Charge for AQS orders is a one-time fee, and is only charged on the first day that the contract is opened. The IB Ticket Charge includes the AQS ticket charge and applies to both borrow and lend transactions.

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We would like to remind you that although trading of derivatives on margin may offer many benefits, it is important to note that it also carries a high level of risk. Please click here to read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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