Commissions Futures

Notes:

1. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts, regardless of the exchange on which they trade, at the time of the trade. Only contracts that are traded while under the Cost-Plus Tiered pricing structure will count towards the monthly volume. Contract 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 1,500 EUR contracts in a month, your IBKR execution costs would be:
   1,000 contracts at EUR 0.90
   500 contracts at EUR 0.60
2. Aside from the commission, fees charged to clients by IBKR, including but not limited to those referenced on this website, are intended to cover the costs of execution, including exchange fees. Such fees generally reflect the exchange fee structure, but in certain circumstances may be higher or lower than the fees charged by the exchange. 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.
3. For the purpose of determining the monthly volume tier, each Euronext mini product will count as 1/10 the volume of one standard size future contract, i.e. for every 10 mini contracts traded, the monthly volume will increase by 1. Each mini DAX contract will count as 1/2 the volume of one standard size future contract.
4. Subject to note 2 above, non-member exchange and regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
5. GBP index option Cost+ commissions will start at 0.60.

• Commissions apply to all order types.
• All fees are charged in the currency of the traded product.
• 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. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

• Effective March 1, 2013, certain Italian stocks have been subject to a transaction tax. For additional details regarding the calculation of the tax, please see our knowledge base.
  Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax have similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please see our knowledge base.

• The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. See our Other Fees page for details.
• Single Stock Futures are not available for Cost-Plus pricing.
• European Index Options are available for Cost-Plus Tiered pricing.
• All commissions and fees include the 10% Japanese consumption tax.
• IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.

* Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.

Notes:

1. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts, regardless of the exchange on which they trade, at the time of the trade. Only contracts that are traded while under the Cost-Plus Tiered pricing structure will count towards the monthly volume. Contract 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 1,500 EUR contracts in a month, your IBKR execution costs would be:
   1,000 contracts at HKD 8.50
   500 contracts at HKD 5.00

2. Aside from the commission, fees charged to clients by IBKR, including but not limited to those referenced on this website, are intended to cover the costs of execution, including exchange fees. Such fees generally reflect the exchange fee structure, but in certain circumstances may be higher or lower than the fees charged by the exchange. 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.
3. Subject to note 2 above, non-member exchange and regulatory fees are applied, unless a client is pre-qualified by IBKR. Contact your sales person for more information.
4. For the purpose of determining the monthly volume tier, each mini or micro future contract will count as fraction of the volume of one standard size future contract, i.e. for every 10 N225M / MJ / MNTPX / JPNK400 futures contracts traded, the monthly volume will increase by 1, for every 10 SMI micro futures contract traded, the monthly volume will increase by 1.
5. Regulatory fee of 0.0001% of value will be applicable on the SGX NSE IFC Nifty 50 Index Future contract.

• Commissions apply to all order types.
• All fees are charged in the currency of the traded product.
• 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. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
• The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. See our Other Fees page for details.
• Single Stock Futures are not available for Cost-Plus pricing.
• Asian Index Options are available for Cost-Plus Tiered pricing.
• All commissions and fees include the 10% Japanese consumption tax.
• IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.

* Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.