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Commissions Stocks

Stocks Commissions

Tiered Pricing
  • Transparent and low broker commission, which decreases based on volume, plus exchange, regulatory and clearing fees.
  • If exchange provides a rebate, we pass some or all of savings back to you.1
Fixed Pricing
  • Transparent amount per share or a set percentage of trade value.
  • Includes all IBKR commissions, exchange and most regulatory fees excluding transaction fees, which are passed through on all stock sales.

Stocks, ETFs & Warrants: North America

In the event that IBKR receives a rebate for executing a trade in a Regulation NMS stock at a market-maker, dark pool, or with a liquidity provider in the IBKR ATS, IBKR will pass the full amount of that rebate to Tiered-commission clients as a venue rebate or as a commission discount for Fixed-commission clients.


United States flag

United States

United States Tiered Commissions

Commission per Share Share Volume (per month) 2, 3, 4
USD 0.0035 ≤ 300,000
USD 0.002 300,001 - 3,000,000
USD 0.0015 3,000,001 - 20,000,000
USD 0.001 20,000,001 - 100,000,000
USD 0.0005 > 100,000,000

Minimum USD 0.35 per order. Maximum 1.0% of trade value.

United States Fixed Commissions

USD 0.005

Minimum USD 1.00 per order. Maximum 1.0% of trade value. 4,5,10

United States No Transaction Fee ETFs

USD 0.00 for US exchange-listed ETFs

No exchange, clearing or transaction fees charged.
ETFs are commission-free or commission rebated based on ETF provider. 13

United States API Directed Orders 7
Value Fixed Minimum Per Order Maximum Per Order
All USD 0.0075 per share USD 1.00 1% of trade value 5

DARK
Remove Liquidity Add Liquidity
Directed orders N/A 8 N/A
Smart-routed orders11 Variable (see note) N/A

IBKRATS
Remove Liquidity Add Liquidity
Directed orders N/A 8 Normal commission applies
Smart-routed orders12 Variable (see note) Variable (see note)

CSFB ALGO, CSFB PATH, JEFFALGO and FOXRIVER ALGO
Fee
Normal commission applies plus USD 0.0010 per share

We charge a minimum commission for US stock trades allocated by Advisors and Brokers to their clients. Advisors and Brokers can choose to charge the allocation minimum fee to their master account or to the client account. By default, the allocation minimum is charged to the client account unless there is a specific rate arrangement between the client and the master account.

US Stocks Minimum (trade value * 0.0005, USD 1)
Canada flag

Canada

Canada Tiered Commissions

CANADA STOCKS, ETFS, AND WARRANTS
Commission per Share Share Volume (per month) 2, 3
CAD 0.008 ≤ 300,000
CAD 0.005 300,001 - 3,000,000
CAD 0.004 3,000,001 - 20,000,000
CAD 0.003 > 20,000,001

Minimum CAD 1.00 per order. Maximum 0.5% of trade value.

USD-DENOMINATED STOCKS
Commission per Share Share Volume (per month) 2, 3
USD 0.006 ≤ 300,000
USD 0.004 300,001 - 3,000,000
USD 0.003 3,000,001 - 20,000,000
USD 0.002 > 20,000,001

Minimum USD 0.08 per order. Maximum 0.5% of trade value.

Canada Fixed Commissions

Commission per Share
CAD 0.01
USD 0.08

Minimum CAD 1.00 per order. Maximum 0.5% of trade value. 5,6
Minimum USD 0.80 per order. Maximum 0.5% of trade value. 5,6

Mexico flag

Mexico

Mexico Fixed Commissions

MXN 0.1% * trade value

Minimum MXN 60.00 per order. Maximum per order N/A.

Fees & Expenses

United States Clearing Fees

USD 0.00020 per share NSCC, DTC Fees

Maximum 0.5% of trade value.

United States Transaction Fees

USD 0.0000051 * Value of Aggregate Sales Transaction Fees9
(Stocks, ETFs, ETPs, Warrants, Rights, Voting Trust Certificates)
IBKR Tiered Commissions * 0.000175 NYSE Pass-Through Fees
IBKR Tiered Commissions * 0.00056 FINRA Pass-Through Fees
USD 0.000119 * Quantity Sold FINRA Trading Activity Fee

Maximum USD 5.95 per trade. In the case of partial executions, each execution is considered one trade.

United States Trade Allocation Minimum Commissions

We charge a minimum fee for US stock trades allocated by Advisors to their clients. Advisors can choose to charge the allocation minimum fee to their master account or to the client account. By default, the allocation minimum is charged to the client account unless there is a specific rate arrangement between the client and the master account. The minimum trade allocation fees are the the minimum of (trade value * 0.0005) or USD 0.35.

Minimum (trade value * 0.0005, USD 0.35) Minimum Trade Allocation Fees

Canada Clearing Fees

CAD 0.00017 per share/capped at CAD 2.00 per order All not listed below
CAD 0.00010 per share/capped at CAD 2.00 per order VENTURE

Canada Transaction Fees

CAD 0.00011 per share
capped at CAD 3.30 per trade (not per order)
Regulatory Fee

Disclosures

  1. Average per Share Rebate Amounts for Regulation NMS Stocks are reported on the Interactive Brokers Rule 606 Quarterly Order Routing Report. Click here to view copy of the Report.
  2. Volume tiers are applied based on monthly cumulative trade volume summed across all US and Canadian stock and ETF shares at the time of the trade. Only shares that are traded while under the Tiered pricing structure will count towards the monthly volume. Share volumes for advisor, institutions, 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 500,000 US shares in a month, your IBKR Tiered fees would be:
    • 300,000 shares at USD 0.0035
    • 200,000 shares at USD 0.002
  3. Orders where the commission cap is applied do not count towards the monthly volume tiers.
  4. In the event the calculated maximum per order is less than the minimum per order, the maximum per order will be assessed. For example, a purchase to buy 10 shares of a $0.20 stock will be charged $0.02 (10 shares x 0.0035/share = 0.035 commission, minimum 0.35 per Order, capped at 10 shares x 0.20 x 1% = 0.02). Note, external fees will be added to the IBKR commission for those on the Tiered commission structure.
  5. Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
  6. For orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee will be added. See the Tiered North America section for details of the exchange fees.
  7. This charge does not apply to relative, pegged to market and pegged to midpoint orders.
  8. Directed orders to IBKR ATS that are marketable will generally be rejected.
  9. Transaction fees are only charged for sell orders.
  10. Includes NMS, OTCBB, NextShares and Pink Sheet Stocks.
  11. In the event IBKR receives a rebate from a liquidity provider, the full rebate will be passed through in the form of a reduction to the standard U.S. Stock commission. Should IBKR receive no rebate on the execution, standard U.S. Stock commissions will apply.
  12. In the event your order crosses another IBKR Client order, the standard U.S. Stock commission minus 0.0007 per share will be charged. In the event IBKR receives a rebate from a liquidity provider, the full rebate will be passed through in the form a reduction to the standard U.S. Stock commission. Should IBKR receive no rebate on the execution, standard U.S. Stock commissions will apply.
  13. Interactive Brokers will reimburse clients for commissions paid on ETF shares held for at least 30 days as part of the no transaction fee (NTF) program.
  14. OnClose or OnOpen US listed stock orders are free for IBKR Lite clients so long as the order does not exceed 10% of an account's monthly US stock trading volume, otherwise your account will be charged USD 0.005 per share. Market orders placed prior to regular trading hours will be treated as Market OnOpen orders and count towards client threshold.

  • Commissions apply to all order types.
  • IBKR’s Tiered fee will be capped at 1% of trade value.
  • When using SmartRouting, clients should be aware that IBKR may route the order to an exchange with a better quoted price but with substantially higher fees. In particular, clients should understand the ECN charges for removing liquidity when sending marketable orders for low priced stocks (under USD 2.50).
  • All exchange, special and other fees are charged on a per-share basis.
  • In the Tiered commission structure, clients may or may not be eligible to receive direct credit for rebates paid for certain types of orders executed at various market centers. For example, IBKR may receive enhanced rebate payments as a result of exceeding volume thresholds on particular markets, but typically will not directly pass these enhancements to customers. Likewise, IBKR does not pass to customers all of the rebates IBKR may receive for orders in pink sheet or OTCBB stocks.
  • Please note that directed API orders cannot use the Tiered fee structure. Smart-routed API orders can use either the Tiered or Fixed structure.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • If IBKR receives a rebate payment for a pink sheet or OTCBB execution, this rebate is not passed to the clients.
  • A minimum commission of 0.01 per trade is assessed to fractional shares trades.
  • IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs. 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 the Fixed Rate Pricing.
  • For clients who send an extraordinary number of non-marketable limit orders to the NYSE, and who route such orders direct to NYSE, rather than using IB SmartRouting, IBKR reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, IBKR will provide notice to affected clients.