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Commissions

Austria flag

Austria

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 4.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
VSE
Fixed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00


Tiered Examples

Cost and Charge Illustration
Estonia flag Latvia flag Lithuania flag

Baltic Region (Estonia, Latvia, Lithuania)

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.2% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 10.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None

Belgium flag

Belgium

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None3

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25


Tiered Examples

Cost and Charge Illustration
France flag

France

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None3

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25
200 Shares @ EUR 30 Share Price = EUR 6.00


Tiered Examples

Cost and Charge Illustration
Germany flag

Germany

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing Fixed - Direct Routing (SWB) Fixed - Direct Routing (GETTEX)
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value 0.12% of Trade Value 0.05% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00 EUR 6.00 EUR 1.25
Maximum per order EUR 29.00 None None None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

None

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

SWB:

100 Shares @ EUR 50 Share Price = EUR 6.00
400 Shares @ EUR 15 Share Price = EUR 7.20

GETTEX - Stocks and Warrants:

100 Shares @ EUR 25 Share Price = EUR 1.25
500 Shares @ EUR 12 Share Price = EUR 3.00

All Other Direct Routed:

100 Shares @ EUR 40 Share Price = EUR 4.00


Tiered Examples

Cost and Charge Illustration
Hungary flag

Hungary

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value Buys: 0.4% of Trade Value4
Sells: 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order HUF 200.00 HUF 200.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
BUX
Fixed Examples:

800 Shares @ HUF 250 Share Price = HUF 200.00

1,000 Shares @ HUF 300 Share Price = HUF 300.00

Israel flag

Israel

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order ILS 5.25 ILS 15.00
Maximum per order ILS 120.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
Fixed Example:

200 Shares @ ILS 75 Share Price = ILS 15.00

Italy flag

Italy

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing Fixed - Direct Routing (Warrants and Structured Products)
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00 EUR 6.00
Maximum per order EUR 29.00 None None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

None

Exchange, Clearing and Regulatory Fees
Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

Warrants & Structured Products:

120 Shares @ EUR 50 Share Price = EUR 6.00
150 Shares @ EUR 60 Share Price = EUR 9.00

All Other Direct Routed:

100 Shares @ EUR 40 Share Price = EUR 4.00

250 Shares @ EUR 30 Share Price = EUR 7.50


Tiered Examples

Cost and Charge Illustration
Netherlands flag

Netherlands

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None3

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order USD 1.70 USD 4.00 USD 6.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25
120 Shares @ EUR 50 Share Price = EUR 6.00


Tiered Examples

Cost and Charge Illustration
Norway flag

Norway

Monthly Trade Value (NOK) Tiered Fixed
≤ 400,000,000 0.05% of Trade Value 0.05% of Trade Value
400,000,000.01 - 800,000,000 0.03% of Trade Value
800,000,000.01 - 4,000,000,000 0.02% of Trade Value
> 4,000,000,000 0.015% of Trade Value
Minimum per order NOK 10.00 NOK 49.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
Fixed Examples:

100 Shares @ NOK 50 Share Price = NOK 49.00
1,000 Shares @ NOK 150 Share Price = NOK 75.00

Poland flag

Poland

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.1% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order PLN 5.00 PLN 15.00
Maximum per order PLN 125.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Exchange, Clearing and Regulatory Fees
WSE
Fixed Examples:

200 Shares @ PLN 75 Share Price = PLN 15.00

500 Shares @ PLN 55 Share Price = PLN 27.50

Portugal flag

Portugal

Monthly Trade Value (EUR)1 Tiered Fixed
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 6.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees

None

Fixed Examples:

100 Shares @ EUR 50 Share Price = EUR 7.50


Tiered Examples

Cost and Charge Illustration
Russia flag

Russia

NOTE: AS of July 28, 2022, any long or short RUB balances in an account auto-convert to USD or EUR, depending on the entity holding an account. Visit our Knowledge Base for additional info.

Monthly Trade Value (RUB) Tiered Fixed
≤ 3,700,000,000 0.05% of Trade Value N/A
3,700,000,000.01 - 7,500,000,000 0.03% of Trade Value
7,500,000,000.01 - 37,000,000,000 0.02% of Trade Value
> 37,000,000,000 0.015% of Trade Value
Minimum per order RUB 95.00 N/A
Maximum per order RUB 2,200.00 N/A
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees
N/A
Exchange, Clearing and Regulatory Fees
Spain flag

Spain

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 N/A 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 N/A
100,000,000.01 - 500,000,000 N/A
> 500,000,000 N/A
Minimum per order N/A EUR 3.00 EUR 4.00
Maximum per order N/A None None
IB SmartRoutingSM N/A
Third Party Fees2 N/A

None

None

Exchange, Clearing and Regulatory Fees
Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Example:

100 Shares @ EUR 40 Share Price = EUR 4.00


Tiered Examples

Cost and Charge Illustration
Sweden flag

Sweden

Monthly Trade Value (SEK)1 Tiered5 Fixed
≤ 400,000,000 0.05% of Trade Value 0.05% of Trade Value
400,000,000.01 - 800,000,000 0.03% of Trade Value
800,000,000.01 - 4,000,000,000 0.02% of Trade Value
> 4,000,000,000 0.015% of Trade Value
Minimum per order SEK 10.00 SEK 49.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees

None

Monthly Trade Value (EUR)1 Tiered5 Fixed
≤ 50,000,000 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 4.00
Maximum per order EUR 29.00 None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Fixed Example:

100 Shares @ SEK 50 Share Price = SEK 49.00

Switzerland flag

Switzerland

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
Maximum per order EUR 29.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.50 EUR 5.00 EUR 6.00
Maximum per order CHF 49.00 None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

Monthly Trade Value (GBP)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 40,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
40,000,000.01 - 80,000,000 0.03% of Trade Value
80,000,000.01 - 400,000,000 0.02% of Trade Value
> 400,000,000 0.015% of Trade Value
Minimum per order GBP 1.00 GBP 3.00 GBP 6.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing Fixed - Direct Routing (ETFs, Warrants, & Structured Products)
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order USD 1.70 USD 4.00 USD 6.00 USD 10.00
Maximum per order USD 39.00 None None None
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees
  • Regulatory Fees

None

None

None

Fixed Examples:

75 Shares @ EUR 80 Share Price = EUR 3.00

150 Shares @ GBP 40 Share Price = GBP 3.00

200 Shares @ CHF 50 Share Price = CHF 5.00

250 Shares @ USD 32 Share Price = USD 4.00


Tiered Examples

Cost and Charge Illustration
United Kingdom flag

United Kingdom

Monthly Trade Value (GBP)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 40,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
40,000,000.01 - 80,000,000 0.03% of Trade Value
80,000,000.01 - 400,000,000 0.02% of Trade Value
> 400,000,000 0.015% of Trade Value
Minimum per order GBP 1.00 GBP 3.00 GBP 4.00
IB SmartRoutingSM
Third Party Fees2
  • Regulatory Fees
  • Exchange Fees
  • Clearing Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order EUR 1.25 EUR 3.00 EUR 4.00
IB SmartRoutingSM
Third Party Fees2
  • Regulatory Fees
  • Exchange Fees
  • Clearing Fees

None

None

Monthly Trade Value (EUR)1 Tiered5 Fixed - IB SmartRoutingSM Fixed - Direct Routing
≤ 50,000,000 0.05% of Trade Value 0.05% of Trade Value 0.10% of Trade Value
50,000,000.01 - 100,000,000 0.03% of Trade Value
100,000,000.01 - 500,000,000 0.02% of Trade Value
> 500,000,000 0.015% of Trade Value
Minimum per order USD 1.70 USD 4.00 USD 6.00
IB SmartRoutingSM
Third Party Fees2
  • Exchange Fees
  • Clearing Fees

None

None

Clearing Fees - EUR, GBP and CHF Denominated Products External Fees
Fixed Examples:

75 Shares @ EUR 80 Share Price = EUR 3.00

150 Shares @ GBP 40 Share Price = GBP 3.00

250 Shares @ USD 32 Share Price = USD 4.00


Tiered Examples

Cost and Charge Illustration

Disclosures

  1. For more information on how the monthly tiers are calculated, please click here.
  2. For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.
  3. Euronext (FR/NL/BE) – EUR 0.75 per execution exchange fee passed through on ETF products only.
  4. To a maximum value of HUF 3,333,333 thereafter .1%
  5. View tiered - direct routing commission pricing on the EUIBSI exchange.

  • Commissions apply to all order types.
  • 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.
  • 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.
  • 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. SmartRouted API orders can use either the Tiered or Fixed structure.
  • For European stock Algo orders, IB 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
  • Clients using a tiered commission structure are charged 1% of the fractional share value, with a minimum charge of 0.01 in the trading currency. Any whole (non-fractional) shares are charged the respective tiered rate.