If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more.

Lower Your Costs to Maximize Your Return1

Rated Lowest Cost2 by StockBrokers.com

IBKR Lite

$0 Commissions3

IBKR Pro

with enhanced price execution4

Stocks & ETFs5

$0.0005 - $0.0035 per share

(plus exchange, regulatory clearing & transaction fees)

Options5

$0.15 - $0.65 per contract

(plus exchange, regulatory clearing & transaction fees)

Futures5

$0.25 - $0.85 per contract

(plus exchange, regulatory & carrying fees)

Currencies5

We deliver price quotes in 1/10 of a PIP

Interactive Brokers has lower commission rates for larger volumes an comparable rates worldwide.
View Commission Rates
IBKR Lite or IBKR Pro Pick the Pricing Plan Best for You.
  1. Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.
  2. According to StockBrokers.com Online Broker Survey 2022: Read the full article Online Broker Reviews, January 11, 2022. "Professionals can take advantage of industry-leading commissions, including the lowest margin rates across all balance tiers."
  3. IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs routed to select market makers. IBKR may charge non-commission related fees. For more information, see ibkr.com/liteinfo
  4. For more information see, ibkr.com/bestexecution
  5. Equities: USD 0.35 minimum per order. Options: commissions shown above are for IBKR Pro orders; minimum USD 1.00 on US options. Forex: 0.2 basis points with a USD 2.00 minimum. No extra ticket charges. No technology surcharges. Transparent volume-tiered commissions above are for US products; international products available at comparable rates. For complete details, see ibkr.com/commissions

IB SmartRouting for IBKR Pro Clients1

IB SmartRoutingSM helps support best execution by searching for the best available prices for stocks, options and combinations across exchanges and dark pools. SmartRouting continuously evaluates changing market conditions and dynamically re-routes all or part of your order, seeking immediate electronic execution.

What Other Online Brokers Conveniently Leave Out

Our results are even more impressive when you consider that other industry-touted statistics don't give you the whole picture. They only discuss the percentage of orders that saw price improvement, and conveniently ignore the percentage of their orders that were dis-improved or had no improvement. In contrast, our statistics are netted, showing the true bottom-line price improvement including all improved, dis-improved and unimproved amounts.

  • Unlike smart routers from other online brokers, IB SmartRouting never routes and forgets about your order. It continuously evaluates fast changing market conditions and dynamically re-routes all or parts of your order seeking to achieve optimal execution and maximize your rebate.
  • IB SmartRouting represents each leg of a spread order independently and submits each leg at the best possible venue.
  • IB SmartRouting AutorecoverySM re-routes your US options order in the case of an exchange malfunction, with IBKR undertaking the risk of double executions.
  • To help provide price improvement on large volume and block orders and take advantage of hidden institutional order flows that may not be available at exchanges, IBKR includes eight dark pools in its SmartRouting logic.

IB SmartRouting takes into account transaction costs along with the fee or rebate for taking/adding liquidity when determining where to route your marketable order when the inside market is shared by multiple exchanges. For clients who want even more control of their orders, TWS clients can specify stock and options smart routing strategies for non-marketable orders. For stocks, clients with the Cost Plus pricing structure can elect to have their non-marketable orders routed to:

  • The exchange with the highest rebate.
  • The listing exchange on the symbol.
  • The highest volume exchange that has a rebate for adding liquidity.
  • The highest volume exchange that charges the lowest fee for taking liquidity.

For options, clients can choose to send their non-marketable Smart routed orders to the exchange offering the highest rebate. These routing directives can be set on a per-order basis from the "Misc" tab of the Order Ticket, or as a global default setting from the Smart Routing configuration page.

Disclosures
  1. Access to IB SmartRoutingSM for US listed securities is generally available only to IBKR Pro accounts.