North America

Our Flat Rate 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 Example 100 Shares @ USD 25 Share Price = USD 1.00 1,000 Shares @ USD 25 Share Price = USD 5.00 1,000 Shares @ USD 0.25 Share Price = USD 1.25
Flat Rate	Minimum Per Order	Maximum Per Order
USD0.005 per share	USD 1.00	0.5% of trade value¹

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

Global X ETFs
	Flat Rate	Minimum Per Order	Maximum Per Order
All	USD0.00per share	USD 0.00	USD 0.00

US API Directed Orders³ Example 500 Shares @ USD 25 Share Price = USD 3.75
Value	Flat Rate	Minimum Per Order	Maximum Per Order
All	USD0.0075per share	USD 1.00	0.5% of trade value¹

Guaranteed VWAP Orders Example 100 Shares @ USD 25 Share Price = USD 2.00
Flat Rate	Minimum Per Order	Maximum Per Order
USD0.02per share	USD 1.00	0.5% of trade value¹

DARK, IBDARK
	Remove Liquidity	Add Liquidity
Directed orders	N/A⁴	Normal commission applies minus 0.001 per share
Smart-routed orders	Normal commission applies minus 0.001 per share	Normal commission applies minus 0.001 per share

CSFB ALGO, CSFB PATH and JEFFALGO

Fee

Normal commission applies plus USD 0.0010 per share

Transaction Fees

United States
Transaction Fees⁵ (Stocks, ETF, Warrants, Rights, Voting Trust Certificates)	USD0.0000221*Value of Aggregate Sales

Canada Example 100 Shares @ CAD 25 Share Price = CAD 1.00
Flat Rate	Minimum Per Order	Maximum Per Order
CAD0.01per share	CAD 1.00	0.5% of trade value^{1, 2}

Mexico Example 700 Shares @ MXN 100 Share Price = MXN 70.00
Flat Rate	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.

Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
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 Cost Plus North America section for details of the exchange fees.
This charge does not apply to relative, pegged to market and pegged to midpoint orders.
Directed orders to DARK and IBDARK that are marketable will generally be rejected.
Transaction fees are only charged for sell orders.
Includes NMS, OTCBB, and Pink Sheet Stocks

Europe

Our Flat Rate 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 Example 100 Shares @ EUR 50 Share Price = EUR 5.00
	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.1%of trade value	EUR 4.00	EUR 120.00

Belgium Example 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00
	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.1%of trade value	EUR 4.00	EUR 29.00

France Example 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 100 Shares @ USD 75 Share Price = USD 7.50
	Flat Rate	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 Example 100 Shares @ EUR 50 Share Price = EUR 6.00 FWB: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 50.00 Chi-X / NURO / Turquoise DE: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 Xetra - ETFs: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 Xetra - Stocks: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 50.00
	Flat Rate	Minimum Per Order	Maximum Per Order
SWB	0.12%of trade value	EUR 6.00	None
FWB²	0.1%of trade value	EUR 4.00	EUR 99.00
Chi-X / NURO / Turquoise DE	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 Example 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00
	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.1%of trade value	EUR 4.00	EUR 29.00

Netherlands Example 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 100 Shares @ USD 75 Share Price = USD 7.50
	Flat Rate	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
	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.05%of trade value	NOK 49.00	None

Spain Example 100 Shares @ EUR 50 Share Price = EUR 5.00
	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.1%of trade value	EUR 4.00	None

Sweden Example 100 Shares @ SEK 50 Share Price = SEK 49.00
	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.05%of trade value	SEK 49.00	None

Switzerland Example 100 Shares @ CHF 50 Share Price = CHF 10.00
	Flat Rate	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 Kingdom¹ Example 100 Shares @ GBP 50 Share Price= GBP 6.00 30,000 Shares @ GBP 2 Share Price= GBP 11.00 100 Shares @ USD 100 Share Price = USD 5.00
	Flat Rate	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 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.
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

Stamp taxes (UK=0.5%, Ireland=1%) are directly passed through to the customer.
Plus Trade Fee.

Asia-Pacific

Our Flat Rate 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 Example 400 shares@ AUD 50 Share Price= AUD 16
Tier	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.08%of trade value	AUD 6.00 (NZD 8.00)	N/A

Hong Kong^{1, 2} Example 400 shares@ HKD 70 Share Price= HKD 22.40
Tier	Flat Rate	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 Example 100 Shares @ JPY 10,000 Share Price= JPY 800
Tier	Flat Rate	Minimum Per Order	Maximum Per Order
All	0.08%of trade value	JPY 80	N/A

Singapore Example 100 Shares @ SGD 50 Share Price= SGD 4
Tier	Flat Rate	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.

All exchange and regulatory fees are included, except in Hong Kong.
For Hong Kong, 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.

Stocks, ETFs and Warrants / Flat Rate

North America

Europe

Asia-Pacific

North America

Europe

Asia-Pacific