Commissions

Notes:

1. Source: Euromoney FX survey FX Poll 2018: The Euromoney FX survey is the largest global poll of foreign exchange service providers.
2. Or USD currency equivalent
3. 1 basis point=0.0001.
4. Commissions for forex trades are calculated off the trade value and then converted and charged to the base currency of the account.

• Commissions apply to all order types.
• All exchange and regulatory fees included.
• IB's Tiered commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IB’s Tiered 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 clients. Likewise, rebates passed on to clients by IB may be less than the rebates IB receives from the relevant market. For example, IB may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
• 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.