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Commissions Stock Europe

Stocks and ETFs 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.

Tiered pricing is not available for all exchanges. Please review the list of exchanges below. Click here for Tiered vs. Fixed examples

Europe

EUR, CHF, USD, PLN, ILS and HUF-Denominated Products
- Tiered Commissions2


FEE PER TRADE VALUE

MONTHLY TRADE VALUE (EUR)
0.050% ≤ 50,000,000
0.030% 50,000,000.01 – 100,000,000
0.020% 100,000,000.01 – 500,000,000
0.015% > 500,000,000

ALL TIERS

MINIMUM PER ORDER

MAXIMUM PER ORDER
EUR-Denominated product* EUR 1.25 EUR 29.00
CHF-Denominated product CHF 1.50 CHF 49.00
USD-Denominated product* USD 1.70 USD 39.00
PLN-Denominated product PLN 5.00 PLN 125.00
ILS-Denominated product ILS 5.25 ILS 120.00
HUF-Denominated product HUF 200.00 HUF N/A

*Tiered pricing is not available for all European exchanges. Please review the list of exchanges.

European Dark Pools EUR, GBP and CHF-Denominated Products

0.00 per trade Stocks

Execution fee between 0.00 and 0.20 bps

Fixed Commission for All Stock and ETF Orders Executed with IB SmartRoutingSM on Venues in Belgium, France, Germany, Spain, Italy, Netherlands, Switzerland, United Kingdom5

Fixed
EUR-denominated3 EUR 3.00 for trades up to EUR 6,000 0.05% of trade value for trades over EUR 6,000
GBP-denominated GBP 3.00 for trades up to GBP 6,000 0.05% of trade value for trades over GBP 6,000
CHF-denominated CHF 5.00 for trades up to CHF 10,000 0.05% of trade value for trades over CHF 10,000
USD-denominated4 USD 4.00 for trades up to USD 8,000 0.05% of trade value for trades over USD 8,000
Austria flag

Austria

Austria - Fixed Commissions

0.1% of trade value All

Minimum EUR 4.00 per order. Maximum None.

EUR Denominated Products External Fees
VSE
EstoniaLatviaLithuania

Baltic Region (Estonia, Latvia, Lithuania)

Baltic Region (Estonia, Latvia, Lithuania) - Fixed Commissions

0.2% of trade value All

Minimum EUR 10.00 per order. Maximum None.

Belgium flag

Belgium

Belgium - Fixed Commissions5

0.1% of trade value Direct Routed

Minimum EUR 4.00 per order. Maximum None.

France flag

France

France - Fixed Commissions5

Minimum Per Order
0.1% of trade value EUR 4.00
USD4 6.00
Direct Routed

Maximum None.

EUR, GBP and CHF Denominated Products External Fees
Germany flag

Germany

Germany - Fixed Commissions

Minimum Per Order Product
0.12% of trade value EUR 6.00 SWB, SWB Warrants
0.05% of trade value EUR 1.25 GETTEX - Stocks and Warrants
0.1% of trade value EUR 4.00 Other Direct Routed Orders

All products have no maximum per order.

Hungary flag

Hungary

Hungary - Fixed Commissions

0.1% of trade value All

Minimum HUF 200 per order. Maximum None.

HUF Denominated Products External Fees
BUX
Israel flag

Israel

Israel - Fixed Commissions

0.1% of trade value All

Minimum ILS 15 per order. Maximum None.

ILS Denominated Products External Fees
Italy flag

Italy

Italy - Fixed Commissions5

Minimum Per Order Product
0.1% of trade value EUR 6.00 Warrants & Structured Products
0.1% of trade value EUR 4.00 Other Direct Routed Orders

All products have no maximum per order.

EUR Denominated Products External Fees
Netherlands flag

Netherlands

Netherlands - Fixed Commissions

Minimum Per Order
0.1% of trade value EUR 4.00
USD4 6.00
Direct Routed

Maximum None.

Norway flag

Norway

Norway - Tiered Commissions2

FEE PER TRADE VALUE MONTHLY TRADE VALUE (NOK)
0.050% ≤ 400,000,000
0.030% 400,000,000.01 – 800,000,000
0.020% 800,000,000.01 – 4,000,000,000
0.015% > 4,000,000,000

Minimum NOK 10.00 per order. Maximum None.

Norway - Fixed Commissions

0.05% of trade value All

Minimum NOK 49.00 per order. Maximum None.

External Fees
Russia flag

Russia

Russia - Tiered Commissions2

FEE PER TRADE VALUE MONTHLY TRADE VALUE (RUB)
0.050% ≤ 3,700,000,000
0.030% 3,700,000,000.01 – 7,500,000,000
0.020% 7,500,000,000.01 – 37,000,000,000
0.015% > 37,000,000,000

Minimum RUB 95.00 per order. Maximum RUB 2,200.00 per order.

Poland flag

Poland

Poland - Fixed Commissions

0.1% of trade value All

Minimum PLN 15.00 per order. Maximum None.

External Fees
WSE
Portugal flag

Portugal

Portugal - Fixed Commissions

0.15% of trade value All

Minimum EUR 6.00 per order. Maximum None.

EUR-Denominated Products External Fees
BVL
Spain flag

Spain

Spain - Fixed Commissions5

0.1% of trade value Direct Routed

Minimum EUR 4.00 per order. Maximum None.

Sweden flag

Sweden

Sweden - Tiered Commissions2

FEE PER TRADE VALUE MONTHLY TRADE VALUE (SEK)
0.050% ≤ 400,000,000
0.030% 400,000,000.01 – 800,000,000
0.020% 800,000,000.01 – 4,000,000,000
0.015% > 4,000,000,000

Minimum SEK 10.00 per order. Maximum None.

Sweden - Fixed Commissions

Minimum Per Order Product
0.05% of trade value SEK 49.00 SEK-denominated
0.10% of trade value EUR 4.00 EUR-denominated

All products have no maximum per order.

Switzerland flag

Switzerland

Switzerland - Fixed Commissions5

Minimum Per Order Product
0.1% of trade value USD 10.00 USD-denominated ETFs, Warrants & Structured Products
0.1% of trade value CHF6.00
EUR 4.00
GBP 6.00
USD4 6.00
Other Direct Routed Orders

All products have no maximum per order.

EUR, GBP and CHF Denominated Products External Fees
United Kingdom flag

United Kingdom

United Kingdom - Tiered Commissions2,5

FEE PER TRADE VALUE MONTHLY TRADE VALUE (GBP)
0.050% ≤ 40,000,000
0.030% 40,000,000.01 – 80,000,000
0.020% 80,000,000.01 – 400,000,000
0.015% > 400,000,000

Minimum GBP 1.00 per order. Maximum None.
Tiered pricing is not available for all European exchanges. Please review the list of exchanges above.

United Kingdom - Fixed Commissions5

Minimum Per Order
0.1% of trade value GBP 4.00
EUR 4.00
USD4 6.00
Direct Routed

Maximum None.

Disclosures

  1. IBKR’s Tiered commission models are not guaranteed 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. Additionally, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
  2. For more information on how the monthly tiers are calculated, please click here.
  3. Euronext (FR/NL/BE) – EUR 0.75 per execution exchange fee passed through on ETF products only.
  4. USD-Denominated products traded on the listed European venues.
  5. For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.

  • Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Tiered pricing structure will count towards the monthly volume. Share volumes for advisor, institution, 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.
  • 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.
  • Please note that directed API orders cannot use the Tiered fee structure. Smart-routed API orders can use either the Tiered or Fixed structure.
  • For European stock Algo orders, IBKR will apply the commission cap as follows:
    For EUR-denominated stocks every EUR 75,000 of executed value a new per order cap will be applied
    For CHF-denominated stocks every CHF 100,000 of executed value a new per order cap will be applied
    For GBP-denominated stocks every GBP 65,000 of executed value a new per order cap will be applied
  • All exchange and regulatory fees are included, except where noted above.
  • Commissions apply to all order types.