Our tight spreads and substantial liquidity are a result of combining quotation streams from 17 of the world's largest foreign exchange dealers which constitute more than 60%1 of the market share in the global interbank market. This results in displayed quotes as small as 0.1 PIP. IBKR passes through the prices that it receives and charges a separate low commission. We do this in the interest of providing a transparent pricing structure instead of marking up our quotes and charging nothing in commissions as is the practice with many currency brokers. Tiers are based on the combined Monthly Trade Value of Spot Currency trades.
|Commissions||Minimum per Order 2||USD Monthly Trade Amount 2|
|0.20 basis point × Trade Value||USD 2.00||≤ 1,000,000,000|
|0.15 basis point × Trade Value||USD 1.50||1,000,000,000.01 - 2,000,000,000|
|0.10 basis point × Trade Value||USD 1.25||2,000,000,000.01 - 5,000,000,000|
|0.08 basis point × Trade Value||USD 1.00||> 5,000,000,000|
Commissions for currency trades are calculated off the trade value and then converted and charged to the base currency of the account.