US Stock Trading Costs for UK and EU Residents

Zero Commissions Doesn't Mean Free Trades Zero Commissions Doesn't Mean Free Trades

Zero Commissions
Doesn't Mean Free Trades

Interactive Brokers clients receive
significant savings vs. other brokers

US Stock Trading Costs for UK Residents

The comparison to other providers is based on the rates published on their websites as of July 19, 2024 for deals in US stocks. Providers' account types used for this illustration are what we consider default standard tier.1

See Notes and Disclaimers for complete information.

Total Trade Cost2 Advertised Rates3
Broker 100 shares
£5,000		 200 shares
£10,000		 US Stock
Commission		 EXTRA FX FEE
Interactive Brokers £1.45 £2.90 USD 0.00354 0.03%4
Robinhood UK £2.13 £4.25 USD 0.005 0.03%5
Saxo £13.27 £25.77 USD 0.0056 0.25%6
Degiro £14.19 £26.69 €1.007 0.25%7
IG £25.00 £50.00 USD 0.008 0.50%8
AJ Bell £42.50 £80.00 £9.959 0.75%9
FreeTrade £49.50 £99.00 USD 0.0010 0.99%10
Hargreaves Lansdown £61.95 £86.95 £11.9511 0.75%-1.00%11
Interactive Investor £78.99 £153.99 £3.9912 1.50%12

  1. DISCLAIMER: Comparison to other providers is based on our understanding of their published rates for trading US shares available on their websites as of 19 July 2024. Some providers offer multi currency accounts which were not considered in the comparison. We assumed account base currency is GBP and that a FX conversion to USD is required. The comparison is shown for illustrative purposes only. For confirmation of the most up to date competitor rates on different account types and product information you should visit their websites.
  2. Total cost considers execution commission and FX conversion costs charged by the providers. In the case of IBKR, and some other providers where readily disclosed, we have additionally included regulatory, clearing and exchange fees that are passed through to the client on a transactional basis.
  3. For comparison purposes, we have converted "Advertised Rates" to GBP. The USD/GBP FX rate we used in the comparison table is 0.77423.
  4. IBKR, tiered stock commissions of $0.0035 per share + exchange, regulatory and clearing fees. Assumed auto currency conversion charge of 0.03%. Full rate card is available by visiting IBKR Commissions.
  5. Robinhood passes through third-party costs of 0.03% related to FX fees when exchanging from GBP to USD. Assumed a market order which is assessed a spread fee estimated at 0.0125%.
  6. Saxo's VIP account type used. Minimum US stock commission is $1.00 per order for all account tiers.
  7. Degiro fees effective April 18, 2024, per fee schedule on Degiro UK website. €1.00 per trade transaction fee + €1.00 per trade handling fee. Assumed that the trade is placed via Auto FX Trader.
  8. We assumed client has traded at least 3 times in the previous calendar month to meet IG's requirement for £0 US stocks commission.
  9. AJ Bell's £5.00 fee for trades on US shares per deal is based on less than 10 deals in the previous month. FX conversion rates are tiered based on trade value.
  10. Rate for Basic Investment Account type at Freetrade.
  11. Hargreaves Lansdown's £11.95 commission rate is based on 0-9 deals in the previous month. FX conversion rates are tiered based on the deal value.
  12. Interactive Investor's £3.99 commission rate is for the Investor account type. FX conversion rates are tiered based on the deal value. The illustration does not include cost of the account monthly service plan.

When you invest, your capital is at risk. The value of your portfolio can go down as well as up, and you may get back less than you invest.

US Stock Trading Costs for European Residents

The comparison to other providers is based on the rates published on their websites as of July 19, 2024 for deals in US stocks. Providers' account types used for this illustration are what we consider default standard tier.1

See Notes and Disclaimers for complete information.

  Total Trade Cost2 Advertised Rates3
Broker 100 shares
€5,000		 200 shares
€10,000		 US Stock
Commission		 EXTRA FX FEE
Interactive Brokers €1.72 €3.44 USD 0.00354 0.03%4
InvestoPro €9.90 €9.90 €9.905 0.00%5
Saxo €13.42 €25.92 USD 0.0056 0.25%6
Degiro €14.50 €27.00 €1.007 0.25%7
Flatex €25.90 €45.90 €5.908 0.40%8
Fineco €26.00 €52.00 0.19% trade value9 0.00%9
ING Diba €44.80 €69.80 €4.90 + 0.25%10 0.25%10
Swissquote €59.95 €104.95 0.10% trade value11 0.00%11

  1. DISCLAIMER: Comparison to other providers is based on our understanding of their published rates for trading US shares available on their websites as of 19 July 2024. Some providers offer multi currency accounts which were not considered in the comparison. We assumed account base currency is EUR and that a FX conversion to USD is required. The comparison is shown for illustrative purposes only. For confirmation of the most up to date competitor rates on different account types and product information you should visit their websites.
  2. Total cost considers execution commission and FX conversion costs charged by the providers. In the case of IBKR, and some other providers where readily disclosed, we have additionally included regulatory, clearing and exchange fees that are passed through to the client on a transactional basis.
  3. For comparison purposes, we have converted "Advertised Rates" to EUR. The USD/EUR FX rate we used in the comparison table is 0.91895.
  4. IBKR, tiered stock commissions of $0.0035 per share + exchange, regulatory and clearing fees. Assumed auto currency conversion charge of 0.03%. Full rate card is available by visiting IBKR Commissions.
  5. Rate of InvestoPro GO platform is €9.90.
  6. Saxo's VIP account type used. Minimum US stock commission is $1.00 per order for all account tiers.
  7. Degiro fees effective April 18, 2024, per fee schedule on Degiro IE website. €1.00 per trade transaction fee + €1.00 per trade handling fee. Assumed that the trade is placed via Auto FX Trader.
  8. Flatex €5.90 commission for USA/Canadian orders. Flatex adds a charge of 0.40% on the exchange rate for buying and selling USD stock from a main EUR account.
  9. Fineco variable commissions schedule used. Spread fee of 0.33% applied for conversion from EUR to USD.
  10. ING Diba's commission is a basic fee of €4.90 + 0.25% of the order market value. The basic fee is charged once per order - a maximum of €69.90. FX conversion fee is 0.25%. ING Diba charges a €14.90 fee for trades on foreign trading venues (exchanges).
  11. Swissquote rates are 0.10% of trade value with a minimum of €14.95 per order. Currency conversion fee between USD, CHF, and EUR is 0.90% of trade value.

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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.