Commissions Metals
COMMISSIONS
Metals
Gold USD/oz. (Loco London) and Silver USD/oz. (Loco London)
Commissions apply to all order types and use a pricing structure in which all exchange and regulatory fees are included.
London Gold2
| Order Amount (USD) | Tiered |
|---|---|
| 0 – 500,000 | 1.5 basis points1 *Trade Value |
| 500,000.01 – 1,000,000 | 1.0 basis points1 *Trade Value |
| > 1,000,000 | 0.7 basis points1 *Trade Value |
| Minimum Per Order | Tier 1: USD 2.00 Tiers 2 and 3: N/A |
London Silver
| Order Amount (USD) | Tiered |
|---|---|
| 0 – 250,000 | 3.0 basis points1 *Trade Value |
| 250,000.01 – 500,000 | 2.0 basis points1 *Trade Value |
| > 500,000 | 1.5 basis points1 *Trade Value |
| Minimum Per Order | Tier 1: USD 2.00 Tiers 2 and 3: N/A |
Storage Cost Fees
| London Gold, London Silver | Storage cost 0.10% per annum. |
Borrow Fees All Products
| Balance Cutoffs USD | Borrow Fees Charged |
|---|---|
| 0 – 1,000,000 | 5.33% (BM + 1%) |
| 1,000,000.01 – 10,000,000 | 4.83% (BM + 0.5%) |
| > 10,000,000 | 4.63% (BM + 0.3%) |
| Example
Assumes Benchmark USD is 5.08% and XAUUSD closing price is USD 1900 Example 1: Buy 500 oz. XAUUSD at USD 1900 IBKR Execution Fee = (Tier1 500000*1.5*0.0001 + Tier2 (1900*500-500000)*1.0*0.0001) = 75+45 = USD 120 Storage fee = (1900*500*0.1%/360) = USD 2.64 per day Example 2: Shortsell 500 oz. XAUUSD at USD 1900 IBKR Execution Fee = USD 120 Borrow Fee = (1900*500*(5.08+1)%/360) = USD 160.44 per day |
|
Notes:
- 1 basis point=0.0001.
- Commissions apply to all order types.
- All exchange and regulatory fees included.
- 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 ounces is submitted and 100 ounces execute, then you modify the order and another 100 ounces execute, a commission minimum would be applied to both 100 ounces orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
- 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.
- 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.