Commissions Margin Trading Asia-Pacific
COMMISSIONS
Stocks/ETFs
Minimize Your Costs to Maximize Your Returns*. Low commissions with no added spreads, ticket charges, platform fees, or account minimums.
Margin trading is available in the following regions:
Japan
| Monthly Trade Value (JPY)1 | Tiered | Fixed |
|---|---|---|
| ≤ 150,000,000 | Tier I - 0.05% of Trade Value | 0.08% of Trade Value |
| 150,000,000.01 - 3,000,000,000 | Tier II - 0.04% of Trade Value | |
| 3,000,000,000.01 - 9,000,000,000 | Tier III - 0.03% of Trade Value | |
| 9,000,000,000.01 - 20,000,000,000 | Tier IV - 0.02% of Trade Value | |
| 20,000,000,000.01 - 100,000,000,000 | Tier V - 0.015% of Trade Value | |
| > 100,000,000,000 | Tier VI - 0.01% of Trade Value | |
| Minimum per order | Tier I - JPY 80.00 Tier II - JPY 70.00 Tier III - JPY 60.00 Tier IV - JPY 40.00 Tier V - JPY 30.00 Tier VI - JPY 20.00 |
JPY 80.00 |
| IB SmartRoutingSM | ||
| Third Party Fees |
|
None |
Exchange and Clearing Fees
Fixed Example:
100 Shares @ JPY 10,000 Share Price = JPY 800
Non-margin trading in Japan is available for more products and exchanges. View Available Non-Margin Products
Disclosures
- For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
- Commissions apply to all order types.
- Value tiers are applied based on monthly cumulative trade volume summed across all stock 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 (i.e., commission plus external venue fees/rebates) 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. In certain circumstances, IBKR may receive discounts with respect to third party fees, including exchange and/or clearing fees, that may not pass-through to clients.
- Please note that directed API orders cannot use the Tiered fee structure. Smart-routed API orders can use either the Tiered or Fixed structure.
- 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.
- VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
- 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.