Our transparent Cost-Plus Fixed pricing for futures in US markets includes our low broker commission plus exchange, regulatory and clearing fees. You are not charged a carrying fee for positions held overnight.1
Our transparent Cost Plus Tiered pricing for futures in US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and carrying fees.1
Our Flat Rate pricing for futures in non-US markets charges a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and carrying fees.
Our transparent Cost Plus Tiered pricing for futures in non-US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and carrying fees.1
Interactive Brokers has lower commission rates for larger volumes and comparable rates worldwide.
Interactive Brokers 69%
lower than our competitors
Rated Best Online Broker - 2014
Best for International Traders
Best for Frequent Traders
Low Cost for 10th Year in a Row 3
IB's Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to customers in IB's Cost Plus commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to customers. Likewise, rebates passed on to customers by IB may be less than the rebates IB receives from the relevant market.
Rates were obtained on July 1, 2014 from each firm's website. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Supporting documentation for any claims and statistical information will be provided upon request.
Interactive Brokers earned a 4.5 star ranking in the March 17, 2014 Barron's Annual Best Online Brokers. *Low Cost Rated by Barron's 10 Years Straight - Low cost broker 2005 through 2012 according to Barron's online broker review. 2005 - 5 Stars, 2006 - 5 Stars, 2007 - 4.8 Stars, 2008 - 4.5 Stars, 2009 - 4.5 Stars, 2010 - 4.2 stars, 2011 - 4.5 stars, 2012 - 4.3 Stars, 2013 - 4.3 Stars. When All Screens Lead to the Bull - March 17, 2014, Barron's ranked Interactive Brokers with a 4.5 star rating for cost. Criteria included Trade Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Report, Customer Service & Education, and Costs.
Futures Cost-Plus Fixed (US Markets)
Our transparent Cost-Plus Fixed pricing for futures in US markets includes our low broker commission plus exchange, regulatory and clearing fees. You are not charged a carrying fee for positions held overnight. 1
Cost-Plus Fixed Commission per Contract
USD
EUR
GBP
CAD
CHF
HKD
AUD
SEK
SGD
JPY
CNH
US-Future and Future Options
0.85
0.65
0.60
0.85
0.95
7.00
0.95
6.50
1.20
85.00
5.50
Globex e-mini FX Futures
0.50
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Globex e-micro FX Futures
0.15
N/A
N/A
0.15
0.15
N/A
N/A
N/A
N/A
15.00
1.00
United States - Fees to Offset Exchange, Regulatory, and Vendor Fees paid by IBKR 3, 4
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.
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 volume tiered pricing.
IB’s Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to customers in IB’s Cost Plus commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to customers. Likewise, rebates passed on to customers by IB may be less than the rebates IB receives from the relevant market.
Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts at the time of the trade. Only contracts that are traded while under the Volume 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 US contracts in a month, your IB execution costs would be: 1,000 contracts at USD 0.60 and 500 contracts at USD 0.45
Carrying 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 carrying fee for accounts with excess equity in between the minimum requirement and 3x the minimum will have their carry fees extrapolated based on the table above.
Non-member exchange and regulatory fees are applied, unless a customer is pre-qualified by IB. Contact your sales person for more information.
Exchange and Regulatory fees only apply for CFE.
For the purpose of determining the monthly volume tier, each Globex e-mini FX product will count as ½ the volume of one standard size future contract. Each Globex e-micro FX product will count as 1/10 the volume of one standard size future contract, i.e. for every 10 e-micro FX Globex product traded, the monthly volume will increase by 1.
Error 404 - File not found
Error 404 - File not found
Exchange Incentive Program
Members, arcades, and proprietary traders operating under a special exchange program may be entitled to special exchange fee pricing. At this time, IB supports pricing for several incentive programs available through the CME (electronic ECBOT, GLOBEX and NYMEX). While customers must contact the exchange directly regarding the application and approval process, IB strongly recommends that customers contact IB by email at memberpricing@interactivebrokers.com for details on the incentive programs currently supported by IB. Additionally it is the customer’s obligation to notify IB of any incentive program membership. IB will need to independently verify the account’s status with the exchange. If verified, reduced exchange fees will go into effect within 2 weeks of IB receiving verification. Reduced fees will not be retroactively applied for trading done prior to IB being notified and confirming the account’s incentive program status.
Futures Cost-Plus Tiered (Non-US)
Our transparent Cost Plus pricing for futures in non-US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and carrying fees. 11
Cost-Plus Tiered Commission per Contract (unless otherwise noted)
Contract Volume (per month) 1
USD
EUR
GBP
CAD
CHF
HKD
AUD
SGD
SEK
NOK
<=1,000
1.05
0.90
0.65
1.25
1.40
8.50
3.55
2.25
10
10
1,001-10,000
0.65
0.60
0.45
0.80
0.90
5.00
2.60
1.50
8
8
10,001-20,000
0.45
0.40
0.30
0.60
0.60
3.50
1.80
1.00
6
6
>20,000
0.25
0.25
0.15
0.30
0.35
2.00
1.00
0.65
4
4
Cost-Plus Tiered Commission per Contract for AEX/CAC40 Minis
Contract Volume (per month) 12
EUR
<=1,000
0.20
1,001-10,000
0.12
10,001-20,000
0.08
>20,000
0.05
Cost-Plus Tiered Commission per Contract (unless otherwise noted)
The below schedule of fees applies only to customers who execute futures trades with IB and then give them up for carrying by another broker.
Execution Fee per Contract
Volume (per month) 1
USD
EUR
GBP
CAD
CHF
HKD
AUD
SGD
SEK
JPY N225 / N225M FUT 4
JPY JGB
JPY MJ / SGXNKM / SGB
JPY TOPX
JPY MNTPX / TPXC30 /TSEREIT
JPY All Other
<=1,000 Contracts
0.75
0.65
0.45
0.90
1.00
6.00
2.65
1.60
7
200/20
270
42
200
30
130
1,001-10,000 Contracts
0.45
0.40
0.30
0.55
0.60
3.50
2.00
1.00
6
150/15
235
39
150
25
90
10,001-20,000 Contracts
0.35
0.30
0.20
0.45
0.45
2.75
1.50
0.75
5
110/11
215
37
110
21
70
>20,000 Contracts
0.25
0.25
0.15
0.30
0.35
2.00
1.00
0.65
4
80/8
205
36
80
18
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 see the IBKR Knowledge Base.
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 see the IBKR Knowledge Base.
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.
Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts 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 IB execution costs would be:
1,000 contracts at EUR 0.65
500 contracts at EUR 0.40
Carrying 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 carrying fee for accounts with margin in between the minimum requirement and 3x the minimum will have their carry fees extrapolated based on the table above.
Non-member regulatory fees are applied, unless a customer is pre-qualified by IB. Contact your sales person for more information.
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 futures contracts traded, the monthly volume will increase by 1.
Per Order minimum of YEN 100 applies.
Special introductory fee.
The carry cost on the following mini-future products Singapore-listed SGXNKM and SGB; Osaka-listed N225M; Tokyo-listed MJ and MNTPX will be:
JPY
3x Margin Requirements
0.00
2x Margin Requirements
0.50
Meets Margin Requirements
1.00
50 crore represents approximately 2,000 board lots; 125 crore represents approximately 5,000 board lots
IB commissions will be charged only on the opening leg in case of intra-day trades on the NSE (positions opened and closed on the same day). No commissions will be charged on the closing leg, other charges apply on both legs (such as STT, reg fees, exchange fees and etc).
Volumes considered for tiers will include only those trades for which commissions are charged.
IB’s Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to customers in IB’s Cost Plus commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to customers. Likewise, rebates passed on to customers by IB may be less than the rebates IB receives from the relevant market.
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.
US SSFs Pricing Structure
IB Commission per Contract
Volume (per month) 1
SSFs
ETFs with 1K Multiplier and Futures on Narrow-Based Indexes (NBI's)
<=20,000 Contracts
USD0.30
USD1.50
20,001-100,000 Contracts
USD0.20
USD1.00
100,001-200,000 Contracts
USD0.15
USD0.75
>200,000 Contracts
USD0.10
USD0.50
Exchange Fees
All SSFs, ETFs and Futures on Narrow-Based Indexes (NBI's)
OneChicago
0.002%Trade Value
Carry Fees
All SSFs, ETFs and Narrow-Based Indexes (NBI's)
OneChicago
0.0001%Open Position Value, charged daily
Regulatory Fees
All SSFs, ETFs and Narrow-Based Indexes (NBI's)
FINRA
USD0.00004per contract, min 0.05 per order
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 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.
IB's Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to customers in IB’s Cost Plus commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to customers. Likewise, rebates passed on to customers by IB may be less than the rebates IB receives from the relevant market.
Volume tiers are applied based on monthly cumulative trade volume summed across all SSF contracts at the time of the trade. These fees are applied on a marginal basis for a given calendar month. If for example you execute 300,000 contracts in a month, your commission (exclusive of exchange and regulatory fees) would be:
20,000 contracts at USD 0.30
80,000 contracts at USD 0.20
100,000 contracts at USD 0.15
100,000 contracts at USD 0.10
EFPs Pricing Structure
EFPs
Order Size 1
Flat Rate Commission per Contract
<100 Contracts
USD0.50
100-499 Contracts
USD0.30
500-1,999 Contracts
USD0.25
2,000+ Contracts
USD0.20
Commissions apply to all order types.
All exchange and regulatory fees 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 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.
IB’s Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to customers in IB’s Cost Plus commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to customers. Likewise, rebates passed on to customers by IB may be less than the rebates IB receives from the relevant market.
Rates are not tiered on cumulative contracts or execution size, but rather order size. A 250 contract order, executing 50 contracts would be charged USD 0.30 per EFP contract.
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.
VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
Or USD currency equivalent
1 basis point=0.0001.
Commissions for forex trades are calculated off the trade value and then converted and charged to the base currency of the account.
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 Cost Plus 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.
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 bonds with USD 20,000 Face Value is submitted and 10,000 face value executes, then you modify the order and another 10,000 face value executes, a commission minimum where applicable would be applied to both 10,000 face value executions. Orders that persist overnight will be considered a new order for the purposes of determining order minimums. >
1 basis point=$0.0001
Commissions are tiered. For example, for US corporate and muni bonds, the first 10K in face value is charged @ 0.1% and any remaining principal over 10K is charged at 0.025%.
Trade Value = Nominal*PriceInPercent/100.
For example:
Nominal = EUR 8000.
Price = 106.62 %
Total Value = 8000*106.62/100 = 8529.60
Commission 0.1 % = 8529.60 * 0.001 = EUR 8.53
The exchange levies a charge of EUR 2.00 per order for each order over the exchange-allowed 5:1 order to execution ratio. New orders and order modifications count in the ratio, cancels do not. For example:
Four orders are submitted, and each is modified one time. One execution results and the charge is EUR 6.00. The calculation is shown below:
4 orders + 4 modifications = 8 orders compared to 1 execution, giving an order to execution ratio of 8:1.
The difference between our order ratio of 8:1 and the exchange-allowed ratio of 5:1 is 3 (8:1 – 5:1 = 3)
3 x EUR 2.00 = EUR 6.00
Maximum USD 0.75 per trade.
Exchange and regulatory fees are not included.
Exchange trading fees, exchange trading tariff, CCASS settlement fees, and CCASS custody fees are included. Government stamp duty (0.1% rounded up to the nearest 1.00, applies to stocks only) and SFC transaction levy (0.003%, applies to stocks and warrants) are directly passed through to the customer.
For more information on how the monthly tiers are calculated, please click here.