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Commissions

North America

Our Fixed pricing model for options charges a fixed amount per contract and includes all IB commissions and exchange fees. It does not include transaction, regulatory, surcharge, and clearing fees, all of which are passed through to clients. This fixed commission structure is only available to IBKR Lite clients.
United States
Fixed Minimum Per Order Maximum Per Order
USD 0.65 per contract1 USD 1.00 N/A


United States - Surcharge Fees
Symbol Surcharge Fee
SPX (Non-Weekly)
Premium < USD 1.00 USD 0.40 per contract
Premium > USD 1.00 USD 0.50 per contract
SPX (Weekly)
Premium < USD 1.00 USD 0.49 per contract
Premium > USD 1.00 USD 0.58 per contract
VIX
Premium < USD 0.11 USD 0.10 per contract
Premium < USD 1.00 USD 0.25 per contract
Premium < USD 2.00 USD 0.45 per contract
Premium >= USD 2.00 USD 0.50 per contract
Complex VIX
Premium < USD 0.11 USD 0.05 per contract
Premium < USD 1.00 USD 0.17 per contract
Premium < USD 2.00 USD 0.35 per contract
Premium >= USD 2.00 USD 0.50 per contract
RUT
CBOE USD 0.18 per contract
CBOE2 USD 0.15 per contract
OEX
OEX (Monthly) USD 0.40 per contract
OEX (Weekly) USD 0.30 per contract
XEO
XEO (Monthly) USD 0.40 per contract
XEO (Weekly) USD 0.30 per contract
DJX
DJX USD 0.15 per contract


Options trading fees: USAUnited States - Regulatory Fees
Commissions
Options Regulatory Fee ("ORF") 2, 3 USD 0.0388 per contract


Options trading fees: USAUnited States - Transaction Fees
Commissions
Transaction Fees 4 USD 0.0000221 * Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.002 * Quantity Sold


Options trading fees: USAUnited States - OCC Clearing Fees
Tier Fee
Trades of 1 - 999 contracts USD 0.055 per contract
Trades of > 999 contracts USD 55.00 per trade


Notes:

  1. IBKR Lite accounts are charged a fixed rate commission on the first 1,000 U.S. option contracts traded per month. For U.S. options volume in excess of 1,000 contract per month, IBKR will apply the IBKR Pro U.S. options tiered commission model. More information on the tiered model is here.
  2. The Options Regulatory Fee ("ORF") is charged by the following exchanges: AMEX, BATS, BOX, CBOE, CBOE2, EDGX, EMERALD, ISE, GEMINI, MERCURY, MIAX, MERCURY, NOM, NASDAQBX, PSE, PHLX.
  3. Fee applies to executions which clear in the "Customer" account with OCC. This will generally include Public Customer and Professional Customer transactions.
  4. Transaction fees are only charged for sell orders.

  • IBKR's 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 IBKR's commission schedule may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For example, IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
  • Commissions apply to all order types.
  • Commissions are not charged for US exercise and assignment.
  • Commissions are not charged for US cabinet buy-to-close trades.
  • IBKR considers exchange fees and/or rebates in determining where to route an order. Under certain circumstances, IBKR may route a marketable order to an exchange that is not currently posting the national best bid or offer (NBBO) but which may be willing to "step up" and execute the order at the NBBO, in order to avoid or reduce the exchange fee for executing the order. If this routing method is used, the client generally will pay a lower execution fee than client would have otherwise paid. In those cases where IBKR routes to an exchange that is not currently posting the NBBO in order to reduce or avoid exchange fees, IBKR will guarantee the client a fill at the NBBO at the time that IBKR routed the order.
  • 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 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders.
  • Order minimums will be applied to the individual legs of a COMBO order.