Commissions Spot Currencies
COMMISSIONS
Spot Currencies
Transparent low commissions with no mark-ups on quotes, tight spreads as narrow as 1/10 PIP, and deep liquidity from 17 of the world's largest FX dealers.
Interactive Brokers Securities (IBSJ) accounts do not permit currency conversions, except those made to the account's base currency (JPY). IBSJ accounts are enabled to perform auto-conversion transactions, allowing trades to execute when an account does not hold a sufficient balance of a product's denominated currency. Manual conversions from non-JPY currencies to JPY (the account's base currency) incur a JPY equivalent fee of USD 2.00 (tax included) per transaction.
For currency trades executed under the auto currency conversion service, IBSJ will typically add or subtract (at its discretion) 0.03% to the exchange rate that would otherwise apply. Please note that IBSJ does not separately charge a commission on these auto-conversion trades.
| Monthly Trade Value (USD)1 | Tiered |
|---|---|
| ≤ 1,000,000,000 | 0.20 basis point 2 * Trade Value 3 |
| 1,000,000,000.01 - 2,000,000,000 | 0.15 basis point 2 * Trade Value 3 |
| 2,000,000,000.01 - 5,000,000,000 | 0.10 basis point 2 * Trade Value 3 |
| > 5,000,000,000 | 0.08 basis point 2 * Trade Value 3 |
| Minimum per order 1 |
Tier I - USD 2.00 Tier II - USD 1.50 Tier III - USD 1.25 Tier IV - USD 1.00 |
Disclosures
- Or USD currency equivalent
- 1 basis point=0.0001.
- Commissions for spot currency trades are calculated off the trade value and then converted and charged to the base currency of the account.
- Commissions apply to all order types.
- All exchange and regulatory fees included.
- 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.
- 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.
- 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.