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Commissions Options

Options Commissions

Tiered Pricing
  • Transparent and low broker commission, which decreases based on volume, plus exchange and regulatory fees.1
Fixed Pricing
  • Transparent, fixed amount per contract.
  • Includes all IBKR commissions and exchange fees.
  • Transaction, regulatory, surcharge and clearing fees are passed through to clients.

Options: North America

United States flag

United States

United States Smart Routed 2 Tiered Commissions

Commissions
per contract
Contract Volume (per month)3
≤ 10,000
USD 0.25 Premium < USD 0.05
USD 0.50 Premium ≥ USD 0.05 and Premium < USD 0.10
USD 0.65 Premium ≥ USD 0.10
10,001 - 50,000
USD 0.25 Premium < USD 0.05
USD 0.50 Premium ≥ USD 0.05
50,001 - 100,000
USD 0.25 All Premiums
≥ 100,001
USD 0.15 All Premiums

Minimum USD 1.00 per order.

United States Direct Routed

Commissions per contract
USD 1.00 All Premiums

Minimum USD 1.00 per order.

Canada flag

Canada

Canada Tiered Commissions

Commissions
per contract
Contract Volume (per month)3
≤ 10,000
CAD 1.25 All Premiums
10,001 - 50,000
CAD 1.15 All Premiums
50,001 - 100,000
CAD 1.05 All Premiums
≥ 100,001
CAD 1.00 All Premiums

Minimum CAD 1.50 per order.

Mexico flag

Mexico

Mexico Fixed Commissions

Commissions
per contract
Minimum Per Order Options Contact
MXN 25 MXN 25 AMXL
MXN 20 MXN 20 NAFTRAC
MXN 30 MXN 30 QQQQ
MXN 40 MXN 40 All Others

Fees & Expenses

Our transparent Tiered pricing for options in US markets includes our low broker commission, which decreases depending on volume, plus exchange and regulatory fees. 1

United States Regulatory Fees

USD 0.0330 per contract Options Regulatory Fee ("ORF")

The Options Regulatory Fee ("ORF") is charged by the following exchanges: AMEX, BATS, BOX, CBOE, CBOE2, EDGX, EMERALD, ISE, GEMINI, MERCURY, MIAX, NOM, NASDAQBX, PSE, PHLX.

Fee applies to executions which clear in the “Customer” account with OCC. This will generally include Public Customer and Professional Customer transactions.

United States Transaction Fees

USD 0.000051 * Value of Aggregate Sales Transaction Fees *
USD 0.002 * Quantity Sold FINRA Trading Activity Fee

* Transaction fees are only charged for sell orders.

United States OCC Clearing Fees

USD 0.02 per contract Trades of 1 - 2,750 contracts
USD 55.00 per trade Trades of > 2,750 contracts

United States Fixed Commissions Surcharge Fees

Surcharge Fee per contract Symbol
SPX (Non-Weekly)
USD 0.40 Premium < USD 1.00
USD 0.50 Premium > USD 1.00
SPX (Weekly)
USD 0.49 Premium < USD 1.00
USD 0.58 Premium > USD 1.00
VIX
USD 0.10 Premium < USD 0.11
USD 0.25 Premium < USD 1.00
USD 0.45 Premium < USD 2.00
USD 0.50 Premium ≥ USD 2.00
Complex VIX
USD 0.05 Premium < USD 0.11
USD 0.17 Premium < USD 1.00
USD 0.35 Premium < USD 2.00
USD 0.50 Premium ≥ USD 2.00
RUT
USD 0.18 CBOE
USD 0.15 CBOE2
MRUT
USD 0.02 CBOE
OEX
USD 0.40 OEX (Monthly)
USD 0.30 OEX (Weekly)
XEO
USD 0.40 XEO (Monthly)
USD 0.30 XEO (Weekly)
DJX
USD 0.15 DJX

Exchange Incentive Program

Non-Trading Permit Holders, non-broker/dealer and professional customers may be eligible for the CBOE Frequent Trader program. Under the program, rebates may be provided on certain CBOE proprietary products. Clients must contact the exchange directly regarding the application and approval process. Once enrolled, clients should notify IBKR by email at memberpricing@interactivebrokers.com to ensure their orders are routed with the proper FTID designation. Once enrolled, rebates will be provided directly from the CBOE.

Disclosures

  1. 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.
  2. Access to IB SmartRouting is available to IBKR clients.
  3. Volumes on both US and Canadian markets contribute to sliding scale.

  • 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. This is applicable only when the option minimum tick is > $0.01. Complex orders are excluded.
  • 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.
  • 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 US contracts in a month, your execution costs would be:
    10,000 contracts at USD 0.65
    2,000 contracts at USD 0.50
  • 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.