Commissions

Fixed

Fixed plans charge a single flat rate per contract that includes all commissions and all exchange, regulatory and other third party fees, plus VAT (also referred to as consumption tax or goods and services tax) where applicable.


View Pricing Structure

Tiered

Tiered plans charge our low broker commissions, decrease based on volume, plus exchange, regulatory, and clearing fees, plus VAT where applicable. In cases where an exchange provides a rebate, we pass some or all of the savings directly back to you.


View Pricing Structure

Fixed Pricing Structure

In the Fixed commission structure, you will be charged a single flat rate per contract that includes all commissions and all exchange, regulatory and other third party fees. VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.



Options trading fees: BelgiumBelgium
Commissions Minimum Per Order
All EUR 1.50 per contract EUR 1.50

1 Contract = EUR 1.50


Options trading fees: FranceFrance
Commissions Minimum Per Order
Index Options EUR 1.50 per contract EUR 1.50
Stock Options (Multiplier >= 100) EUR 1.50 per contract EUR 1.50
Stock Options (Multiplier < 100) EUR 0.20 per contract EUR 0.20

1 Index Option Contract = EUR 1.50


Options trading fees: GermanyGermany
Commissions Minimum Per Order
Stock Options EUR 1.10 per contract EUR 1.10
All Index Options not listed below EUR 1.50 per contract EUR 1.50
DJ200 / DJ600 EUR 2.00 per contract EUR 2.00
DAX EUR 1.70 per contract EUR 1.70

1 Stock Options Contract = EUR 1.10


Options trading fees: ItalyItaly
Commissions Minimum Per Order
Stock Options EUR 2.00 per contract EUR 2.00
Index Options EUR 3.00 per contract EUR 3.00

1 Index Option Contract = EUR 3.00


Options trading fees: NetherlandsNetherlands
Commissions Minimum Per Order
USD-denominated Options USD 2.00 per contract USD 2.00
Mini-AEX Options EUR 0.30 per contract EUR 0.30
All Other EUR 1.50 per contract EUR 1.50

1 EUR-denominated Contract = EUR 1.50


Options trading fees: NorwayNorway
Commissions Minimum Per Order
Index Options NOK 12 per contract NOK 12
Stock Options NOK 15 per contract NOK 15

1 Index Option Contract = NOK 12.00


Options trading fees: SpainSpain
Commissions Minimum Per Order
Stock Options EUR 0.90 per contract EUR 4.50
Index Options EUR 0.80 per contract N/A

1 Contract = EUR 0.90


Options trading fees: SwitzerlandSwitzerland
Commissions Minimum Per Order
Stock Options CHF 1.70 per contract CHF 1.70
Index Options CHF 2.80 per contract CHF 2.80

1 Contract = CHF 2.80


Options trading fees: United KingdomUnited Kingdom
Commissions Minimum Per Order
All GBP 1.70 per contract 1 GBP 1.70

1 Contract = GBP 1.70


Notes:

  1. Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer.

  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • Commissions are charged for exercise and assignment.
  • 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. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
    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 refer here.

Tiered Pricing Structure

Our transparent Tiered pricing for options includes our low broker commissions, plus exchange, and clearing fees. VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.



European Stock Options – Single Tier
Product Commissions Minimum Per Order
Swedish options 0.35% of trade value,
minimum 0.50 per contract plus external fees
SEK 10.00 2

10 Swedish Stock Options @ 5.00 = IBKR Execution Fee SEK 17.50 + Exchange Fee SEK 37.50 = Total 55.00


European Stock Options – Volume Incentive Tiers 4, 5
Contract Volume (per month) EUR GBP CHF Mini Options Euronext Paris EUR 6
<= 8,000 1.00 1.00 1.35 0.15
8,001 - 40,000 0.70 0.70 0.95 0.10
40,001 - 80,000 0.40 0.40 0.60 0.05
> 80,000 0.25 0.25 0.35 0.03

1 UK Stock Option = IBKR Execution Fee GBP 1.00 + Exchange Fee GBP 0.37 + Clearing Fee GBP 0.03 + Regulatory Fee GBP 0.00 = GBP 1.40


European Index Options 3
Contract Volume (per month) USD EUR GBP CHF SEK NOK
<= 1,000 1.05 0.90 0.60 1.40 10 10
1,001 - 10,000 0.65 0.60 0.45 0.90 8 8
10,001 - 20,000 0.45 0.40 0.30 0.60 6 6
> 20,000 0.25 0.25 0.15 0.35 4 4

1 CAC40 Index Option = IBKR Execution Fee EUR 0.90 + Exchange Fee EUR 0.20 + Clearing Fee EUR 0.13 + Regulatory Fee EUR 0.00 = EUR 1.23


Exchange and Regulatory Fees
Options pricing: Belgium Belgium
Euronext.Liffe
Options pricing: France France
Euronext.Liffe (Monep)
Options pricing: Germany Germany
Eurex
Options pricing: Italy Italy
IDEM
Options pricing: Netherlands Netherlands
Euronext.Liffe
Options pricing: Norway Norway
EDXNO
Options pricing: Spain Spain
MEFF
Options pricing: Sweden Sweden
Stockholm Derivatives Exchange (OMS)
Options pricing: Switzerland Switzerland
Eurex
Options pricing: United Kingdom United Kingdom
Euronext.Liffe


Notes:

  1. Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer.
  2. Exchange fees for Swedish options are not used to determine the minimum per order. Exchange fees are passed through in addition to the stated IBKR commissions.
  3. Note, index options traded under the cost+ model are combined with futures and option on futures trading for volume tiers. They will not be included with the monthly volume of stock options when determining commissions.
  4. Index and stock options will not be combined for the determination of the monthly tiers. Index options will continue to be combined with the monthly volume tiers for future and future options.
  5. The minimum per order for European stock options traded under the cost plus volume tier model will be:
    • EUR 1.00 per Order
    • GBP 1.00 per Order
    • CHF 1.35 per Order
  6. For the purpose of determining the monthly volume tier, each mini stock option contract traded on Euronext Paris will count as 1/10 of the volume of one standard size stock option contract.

  • IBKR'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 IBKR’s Tiered 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 charged for exercise and assignment.
  • Cost-Plus Tiered pricing available for index options with the exception of index options in Sweden. See futures commissions for more information.
  • 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. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Volume breaks are applied based on monthly cumulative trade volume summed across all options contracts at the time of the trade. Contract volumes for advisor, separate trading limit, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month. If for example, you execute 12,000 European stock options contracts in a month, your execution costs would be:
    8,000 contracts at EUR 1.00
    4,000 contracts at EUR 0.70

Commissions

Options - Europe Pricing Structure