IB offers two pricing structures for stocks and ETFs in the US, Canada and Europe: bundled which is a fixed rate per contract, and unbundled which is cost plus based pricing. Unbundled pricing adds a fixed IB fee (which varies by volume) to the fees charged by the exchanges and regulators. At this time bundled pricing is only available for Asia on a percent of trade value or fixed rate per contract basis.
For a schedule of bundled and unbundled fees, see the tables listed under the region sub-menus above. All accounts use the bundled pricing structure by default. To change to the unbundled structure, log into Account Management/Funds Management. You may switch your pricing structure at any time, and it will take effect as of the next statement date (cutoff is 16:00 ET).
For comparison examples of US stock and ETF bundled vs. unbundled fees, click here, and for European stock bundled vs. unbundled fees click here.
Your total unbundled commission will include IB unbundled fees, plus exchange/ECN, clearing, and regulatory fees. Click here for an example.
Your total unbundled commission will include IB unbundled, exchange, clearing, and regulatory fees. Click here for examples of US unbundled pricing.
Your total US options commissions include IB fees, that are tiered based on volume, plus exchange fees.
IB offers two pricing structures for futures and futures options: bundled, which charges a fixed rate per contract, and unbundled, which uses cost-plus based pricing. Unbundled pricing adds a fixed IB fee (which varies by volume) to the fees charged by the exchanges and regulators. In addition, institutions and members (or part of a member program) of a US or Canadian Futures exchange may qualify for discounted exchange fees. If you are a US or Canadian Futures exchange member or part of an incentive pricing program, click here for more information.
For a schedule of bundled and unbundled fees, see the links along the top of the page under the tabset. New customers will use the bundled futures pricing structure by default, and can change their futures pricing structure to unbundled through Account Management/Account Administration. You may switch your pricing structure at any time, and it will take effect as of the next statement date (cutoff is 16:00 ET).
For a comparison of futures and futures options bundled vs. unbundled fees for customers who are not members of an exchange, click here.
Members, arcades, and proprietary traders operating under a special exchange program are entitled to special pricing. In order to participate, you must choose IB unbundled futures pricing and complete the required exchange documentation. Please see the table below for applications and information.
All applications may be submitted to: Kevin Keller Attn: Incentive Programs Interactive Brokers LLC 2 Pickwick Plaza Greenwich, CT 06830
Please allow two weeks from submission for IB to fully process your application with the applicable exchange. Questions may be directed to memberpricing@interactivebrokers.com.
Your total unbundled commission will include IB execution, IB clearing, IB carrying, exchange and regulatory fees.
300 contracts at USD 0.90 700 contracts at USD 0.70
US Single Stock Futures are only offered on an unbundled or "Cost Plus" basis with discounts for volume. Your total unbundled commission will include IB unbundled, exchange, and regulatory fees.
Notes:
IB offers bundled or all-in pricing for EFPs which includes the cost of the stock and SSF legs. (1)
IB provides the best bid/offer from multiple large banks and charges a separate low commission. We do this in the interest of transparent pricing instead of marking up our quotes and charging nothing in commissions as is the practice with many forex brokers. Because quote markups at other brokers are generally much larger than our explicit low commissions, our forex customers benefit from lower forex trading costs.
Broker assisted trading is available for US stocks, options, futures, and futures options with minimum order size of 10,000 shares or 100 contracts. Use IB’s trade desk when you are away from your computer, or if you just want another set of eyes watching your orders and updating you on market changes. Enjoy direct access to the trade desk with no phone queue or hold time.
Example 1 - The Carry Charge is Capped at the Calculated Maximum
Collateral Amount = $50,000; Borrow Fee Rate = 100%; Borrow Fee(2) = $138.90.
Total Initial Commissions = $1.39 + $5.00 = $6.39 Daily Cost = $1.39
Example 2 - The Carry Charge is Rounded Up to the Calculated Minimum
Collateral Amount = $50,000 and Borrow Fee Rate = .5% and Borrow Lend Fee(2) = $0.69.
Total Initial Commissions = $0.14 + $5.00 = $5.14 Daily Cost = $0.14
