Commissions & Fees

COMMISSIONS

Minimize Your
Costs to
Maximize Your Returns¹

Low commissions on products across 150 global markets
No added spreads, ticket charges, platform fees, or account minimums.

Commissions below are for U.S. markets. Click each product for full global commissions.

Tiered

Fixed

Stocks/ETFs

IBKR Lite

$0 per share²

For U.S. residents only

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Stocks/ETFs

IBKR Pro

USD 0.0005 to 0.0035 per share

USD 0 on No Transaction Fee ETFs

Tiered

USD 0.005 per share

USD 0 on No Transaction Fee ETFs

Fixed

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IBKR Lite or IBKR Pro —
Pick the Pricing Plan Best for You.

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Options

USD 0.15 to 0.65 per contract

Tiered

USD 0.65 per contract

Fixed

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Futures

USD 0.25 to 0.85 per contract

Tiered

USD 0.85 per contract

Fixed: US-Future and Future Options

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Spot Currencies

0.08 to 0.20 basis points × Trade Value per order

Tight spreads as narrow as 1/10 PIP

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Bonds

10 basis points × Face Value per order

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Mutual Funds

3% x Trade Value up to $14.95 per transaction

USD 0 on No Transaction Fee Funds

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View additional information about Advisor/Introducing Broker client billing and allocation minimums, account minimums and other fees.

View Other Fees View All Commissions

Disclosures

Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.
IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs. For trades in non-exchange-listed US stocks (e.g. Pink sheet and other OTC stocks), de-listed ETPs, warrants, and other non-qualifying products, and recurring investment instructions, IBKR Lite accounts are subject to Fixed Pricing. IBKR Lite is available to US residents with the following account types: Individual, Joint, IRA and Trusts when the beneficiary and trustee are natural persons. In addition, US financial advisors can offer IBKR Lite to their clients.

1 basis point=0.0001.
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.

Which Plan is Best for You?

Features	IBKR Lite	IBKR Pro
Commissions:
US Exchange-Listed Stocks / ETFs	Commission-free^{1, 12}	Fixed or Tiered Pricing
Other Stocks / ETFs	Fixed Pricing	Fixed or Tiered Pricing
Options	Fixed Pricing²	Fixed or Tiered Pricing
Futures	Fixed Pricing	Fixed or Tiered Pricing
Currencies	Tiered Pricing	Tiered Pricing
Bonds	Tiered Pricing	Tiered Pricing
Mutual Funds	Fixed Pricing	Fixed or Tiered Pricing
Account Fees:
Minimum Balance	USD 0	USD 0
Maintenance Fee	USD 0	USD 0
Interest Paid on Instantly Available Cash Balances³	Benchmark minus 1.5%	Benchmark minus 0.5%
Interest Charged for Margin Loan	Benchmark plus 2.5%	Begins at Benchmark plus 1.5%, with lower rates for higher loan values.⁴
Eligible Accounts:
US Retail Investors⁵
Institutional Accounts⁶
Advisors^7,8
Brokers^9,10
Account Features:
Stock Yield Enhancement Program
FDIC Promontory Program
Market Data - US Listed Stock/ETFs	Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs.	Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs.
Market Data - Other Products	Low-cost data bundles and a la carte subscriptions available.	Low-cost data bundles and a la carte subscriptions available.
Outside Regular Trading Hours¹¹	07:00 - 20:00	04:00 - 20:00
Trading Technology:
Client Portal
IBKR Mobile
IBot
Trader Workstation (TWS)	**
IBKR APIs
Algos	^†
Condition Orders & Advanced Order Types
Paper Trading
Mutual Fund / ETF Replicator
Risk Navigator^SM

= Included

IBKR Lite is meant for retail investors, including financial advisors trading on behalf of their retail clients. IBKR reserves the right to reject any IBKR Lite order or series of orders if IBKR determines the order(s) appear to show non-retail trading behavior. At the time an order is rejected, the client will be automatically presented the option to resubmit the rejected order on a Fixed commission basis.
Where available in North America.
Accounts with a NAV of less than USD 100,000 (or equivalent) will be paid at a rate proportional to accounts with a NAV of USD 100,000 (or equivalent) or more. The proportion is determined by the ratio of the account's NAV to USD 100,000 (or equivalent). This does not apply to currencies with negative interest rates, where the negative rate applied will be the same regardless of account size. See our Interest Rates for details.
See our Margin Rates for details.
US Retail Investors includes individuals, joint, UGMA/UTMA, retirement and trust accounts.
1. Standalone trust accounts with legal entity trustees are not eligible for IBKR Lite
Institutional Accounts are defined as any hedge funds, proprietary trading group or organizational type accounts
Advisors include all registered financial advisors and non-registered financial advisors.
To be eligible for IBKR Lite, advisors must be US domiciled and must have:
1. Less than 15% of client accounts outside the US
2. Less than 15% of client equity outside the US
3. Less than 15% of client accounts as organization accounts
4. No client accounts from Israel
5. No partitioned client accounts
6. No Separate Trading Limits (Proprietary Trading) accounts
Brokers require special approval from IBKR before opening an IBKR Lite account. Brokers cannot have both IBKR Lite and IBKR Pro clients under the same account structure. Separate accounts structures are required to facilitate.
Brokers on the IBKR Lite plan cannot support the follow ing type of client sub accounts:
1. Israel is the country of legal residence of the account holder
2. Partitioned client accounts
3. Three-tier hierarchies (no advisor or STL proprietary trading accounts)
4. OMS clients
Regular trading hours for IBKR Lite and IBKR Pro are 09:30 – 16:00. Market orders placed prior to regular trading hours will be treated as MarketOnOpen orders and count towards client threshold.
At the end of each month, IBKR will review the total monthly trading volume of US listed stock orders. If the combined volume of OnClose, OnOpen, Outside Regular Trading Hours ("Outside RTH") or sub-USD 1.00 NMS exceeds 10% of an account's monthly US stock trading volume, a commission of the lesser of USD 0.005 per share or 1% of trade value will be charged.

* Excludes pink sheet data.
**Trader Workstation (TWS) is not available to Brokers' clients enrolled in IBKR Lite.
† Fees may apply.

We understand your investment needs change over time. You can switch between the IBKR Lite and IBKR Pro plan at any time. Your first three reclassifications are processed on a daily basis while subsequent reclassifications happen on a quarterly basis.

Commissions & Fees

Minimize Your Costs to Maximize Your Returns1

Commissions below are for U.S. markets. Click each product for full global commissions.

Stocks/ETFs

Stocks/ETFs

IBKR Lite or IBKR Pro — Pick the Pricing Plan Best for You.

Options

Futures

Spot Currencies

Bonds

Mutual Funds

Disclosures

Minimize Your
Costs to
Maximize Your Returns¹

IBKR Lite or IBKR Pro —
Pick the Pricing Plan Best for You.