IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs. Relevant U.S. Securities and Exchange Commission (SEC) & Financial Industry Regulatory Authority (FINRA) fees may apply. For trades in non-exchange-listed US stocks (e.g. Pink sheet and OTCBB), ETFs, warrants, and other non-qualifying products, IBKR Lite accounts are subject to Fixed Pricing.
IBKR Pro offers clients the choice between a fixed rate commission structure and a tiered commission structure for stocks and ETFs.
For the US market, IBKR's fixed stock commission rate is USD 0.005 per share with a minimum of USD 1.00 per order and capped at 1% of the trade value plus external fees. IBKR's tiered commission structure for stocks begins at USD 0.0035 per share with a minimum of USD 0.35 per order and capped at 1% of the trade value. External fees are passed through to clients trading under the tiered commission model.
| US market | commission, USD per share | minimum per order, USD |
| fixed rate | 0.005, capped at 1% of trade value | 1.00 |
| tiered rate | begins at 0.0035, capped at 1% of trade value | 0.35 |
Please Note
- A buy-write or any combination order done in an IBKR Lite account will be charged IBKR’s standard commission schedule on both the option and stock portion of the order
- A sell order of a U.S. exchange-listed stock or ETF in an IBKR Lite account is commission free but still subject to the U.S. Securities and Exchange Commission (SEC) & Financial Industry Regulatory Authority (FINRA) fees
- Trades resulting from OnClose, OnOpen, or outside regular trading hours ("Outside-RTH") US listed stock orders, or US listed stock orders executed at a price under $1.00 ("Sub-Dollar" orders) are commission-free for IBKR Lite clients so long as the total monthly volume of shares executed via any combination of Open auction, Close auction, Outside-RTH, or Sub-Dollar order(s) does not exceed 10% of an account's monthly US stock trading volume (excluding trades subject to Fixed Pricing2), otherwise your account will be charged the lesser of (i) USD 0.005 per share or (ii) 1% of trade value for such trades. In addition, IBKR Lite clients will be charged the lesser of (i) USD 0.005 per share or (ii) 1% of trade value for all trades executed during Overnight Trading Hours. Market orders placed prior to regular trading hours will be treated as Market OnOpen orders and count towards the threshold.
- Certain order types and algos available to IBKR Lite clients might not be eligible for commission-free trading. In this case clients will be notified before order submission.
- In the event the calculated 1% of trade value maximum per order is less than the minimum per order, you will only be charged the 1% of trade value maximum per order. For example, under the fixed rate commission, a purchase to buy 10 shares of a $0.20 stock will be charged $0.02 (10 shares x 0.005/share = 0.05 commission, minimum 1.00 per order, capped at 10 shares x 0.20 x 1% = 0.02).
Additional Information
- Refer to the Commissions page of the IBKR website for complete information on stock and ETF commissions in all markets offered for trading.
- How can I choose the tiered commission pricing structure?
- What is the commission structure with IBKR Lite?
- What are your commission costs?