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Commissions Options Europe

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COMMISSIONS

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European Union flag

EUROPE

CEDX Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 1.00/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees None None
CEDX Stock Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 8,000 EUR 1.00/contract EUR 1.00/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees None None
Belgium flag

Belgium

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 1.50/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.50/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None

Fixed:

1 Contract = EUR 1.50


France flag

France

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 1.50/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.50/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Euronext Paris Mini Options
Monthly Volume (Contracts)3 Tiered Fixed
≤ 8,000 EUR 0.15/contract EUR 0.20/contract
8,001 - 40,000 EUR 0.10/contract
40,001 - 80,000 EUR 0.05/contract
> 80,000 EUR 0.03/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None

Fixed:

1 Index Option Contract = EUR 1.50


Tiered:

1 CAC40 Index Option = IBKR Execution Fee EUR 0.90 + Exchange Fee EUR 0.20 + Clearing Fee EUR 0.13 + Regulatory Fee EUR 0.00 = EUR 1.23


German flag

Germany

Index Options
Monthly Volume (Contracts)1,6 Tiered Fixed
(Except DJ200, DJ600, DAX)
Fixed
DJ200/DJ600
Fixed
DAX
≤ 1,000 EUR 0.90/contract EUR 1.50/contract EUR 2.50/contract EUR 1.70/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None None None
Micro DAX Options
Monthly Volume (Contracts)1,6 Tiered Fixed
≤ 1,000 EUR 0.25/contract EUR 0.40/contract
1,001 - 10,000 EUR 0.17/contract
10,001 - 20,000 EUR 0.11/contract
> 20,000 EUR 0.07/contract
Third Party Fees
  • Exchange Fees
  • Regulatory Fees
  • Overnight Position Fees
None

Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.10/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None

Fixed:

1 Stock Options Contract = EUR 1.10


Tiered:

1 DAX Contract = IBKR Execution Fee EUR 0.90 + Exchange Fee EUR 0.54 + Clearing Fee EUR 0.00 + Regulatory Fee EUR 0.01 = EUR 1.45


Italian flag

Italy

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 3.00/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 2.00/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None

Fixed:

1 Index Option Contract = EUR 3.00


Tiered:

1 Stock Option Contract = IBKR Execution Fee EUR 1.00 + Exchange Fee EUR 0.26 + Clearing Fee EUR 0.10 + Third Party Fee EUR 0.22 + Regulatory Fee EUR 0.00 = EUR 1.58


Netherlands flag

Netherlands

EUR Denominated Index Options
Monthly Volume (Contracts)1 Tiered Fixed (Except Mini-AEX) Fixed - Mini AEX Options
≤ 1,000 EUR 0.90/contract EUR 1.50/contract EUR 0.30/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None None
EUR Denominated Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.50/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
USD Denominated Options
Monthly Volume (Contracts) Tiered Fixed
≤ 1,000 USD 1.05/contract USD 2.00/contract
1,001 - 10,000 USD 0.65/contract
10,001 - 20,000 USD 0.45/contract
> 20,000 USD 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None

Fixed:

1 EUR-denominated Contract = EUR 1.50


Tiered:

1 Stock Option Contract = IBKR Execution Fee EUR 1.00 + Exchange Fee EUR 0.31 + Clearing Fee EUR 0.05 + Regulatory Fee EUR 0.00 = EUR 1.36


Spanish flag

Spain

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 0.80/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 0.90/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Minimum Per Order EUR 4.50
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None

Fixed:

1 Contract = EUR 0.90


Swedish flag

Sweden

Index Options
Monthly Volume (Contracts)1 Tiered
≤ 1,000 SEK 10.00/contract
1,001 - 10,000 SEK 8.00/contract
10,001 - 20,000 SEK 6.00/contract
> 20,000 SEK 4.00/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
Stock Options
Contract Type Fixed
All Stock Options 0.35% of Trade Value, minimum 0.50/contract + External Fees
Minimum Per Order SEK 10.004

Tiered:

10 Swedish Stock Options @ 5.00 = IBKR Execution Fee SEK 17.50 + Exchange Fee SEK 37.50 = Total 55.00


Swiss flag

Switzerland

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 CHF 1.40/contract CHF 2.80/contract
1,001 - 10,000 CHF 0.90/contract
10,001 - 20,000 CHF 0.60/contract
> 20,000 CHF 0.35/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 CHF 1.35/contract CHF 1.70/contract
8,001 - 40,000 CHF 0.95/contract
40,001 - 80,000 CHF 0.60/contract
> 80,000 CHF 0.35/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None

Fixed:

1 Contract = CHF 2.80


Tiered:

1 SLI Contract = IBKR Execution Fee CHF 1.35 + Exchange Fee CHF 0.20 + Regulatory Fee CHF 0.00 = CHF 1.55


UK flag

United Kingdom

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 GBP 0.60/contract GBP 1.70/contract
1,001 - 10,000 GBP 0.45/contract
10,001 - 20,000 GBP 0.30/contract
> 20,000 GBP 0.15/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 GBP 1.00/contract GBP 1.70/contract
8,001 - 40,000 GBP 0.70/contract
40,001 - 80,000 GBP 0.40/contract
> 80,000 GBP 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None

Fixed:

1 Contract = GBP 1.70


Tiered:

1 UK Stock Option = IBKR Execution Fee GBP 1.00 + Exchange Fee GBP 0.37 + Clearing Fee GBP 0.03 + Regulatory Fee GBP 0.00 = GBP 1.40


Notes:

  1. European Index Options are considered part of the Futures pricing scheme. Volumes are combined with the Futures and FOP trading volume for the tier break consideration. They will not be combined with the monthly volume of stock options when determining commissions. Clients wishing to receive the Tier commissions for European and Asian Index Options must select tiered pricing for Futures & FOPs through Client Portal.
  2. The minimum per order for European stock options traded under the cost plus volume tier model will be:
    • EUR 1.00 per Order
    • GBP 1.00 per Order
    • CHF 1.35 per Order
  3. Exchange fees for Swedish options are not used to determine the minimum per order. Exchange fees are passed through in addition to the stated IBKR commissions.
  4. For the purpose of determining the monthly volume tier, each mini stock option contract traded on Euronext Paris will count as 1/10 of the volume of one standard size stock option contract.
  5. Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer.
  6. For EUREX/KRX Linked products, the standard South Korea Commissions applies.

  • 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.
  • Commissions apply to all order types.
  • Commissions are charged for exercise and assignment.
  • 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.
  • Volume breaks are applied based on monthly cumulative trade volume summed across all options contracts at the time of the trade. Contract volumes for advisor, separate trading limit, 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 12,000 European stock options contracts in a month, your execution costs would be:
    8,000 contracts at EUR 1.00
    4,000 contracts at EUR 0.70
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please see the IBKR Knowledge Base.
    Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please see the IBKR Knowledge Base.

  • 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.