Commissions Stock Europe

COMMISSIONS

Stocks, ETFs, Warrants and Structured Products

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Americas EMEA APAC

Austria

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.1% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None³	None

Exchange, Clearing and Regulatory Fees

AQUIS (AQEUAT)
Turquoise (TGHEAT)
CBOE EU (DXEAT)
VSE

Fixed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00

Baltic Region (Estonia, Latvia, Lithuania)

Monthly Trade Value (EUR)¹	Tiered	Fixed
≤ 50,000,000	0.05% of Trade Value	0.2% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value

Minimum per order	EUR 1.25	EUR 10.00
Maximum per order	EUR 29.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees	None

Exchange, Clearing and Regulatory Fees

NASDAQ Baltic - Estonia (N.TALLINN)
NASDAQ Baltic - Latvia (N.RIGA)
NASDAQ Baltic - Lithuania (N.VILNIUS)

Fixed Examples:

100 Shares @ EUR 50 Share Price = EUR 10.00
250 Shares @ EUR 25 Share Price = EUR 12.50

Tiered Examples

Belgium

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees	None³	None

Exchange and Clearing Fees

AQUIS (AQEUEN)
BATS Europe (BATEEN)
CBOE EU/ DXE
CHIX (CHIXEN)
ENEXT.BE
Turquoise (TRQXEN)

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25

Tiered Examples

Czech Republic

Monthly Trade Value (EUR)¹	Tiered	Fixed
≤ 50,000,000	N/A	0.15% of Trade Value
50,000,000.01 - 100,000,000	N/A
100,000,000.01 - 500,000,000	N/A
> 500,000,000	N/A

Minimum per order	N/A	CZK 70
Maximum per order	N/A	None
IB SmartRouting^SM
Third Party Fees²	N/A	Third Party Pass Through Fees

Exchange, Clearing, Custody and Regulatory Fees

PRA

Fixed Example:

100 Shares @ CZK 500 Share Price = CZK 75

1000 Shares @ CZK 1000 Share Price = CZK 1500

Denmark

Monthly Trade Value (DKK)¹	Tiered	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 400,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
400,000,000.01 - 800,000,000	0.03% of Trade Value
800,000,000.01 - 4,000,000,000	0.02% of Trade Value
> 4,000,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	DKK 10.00	DKK 49.00	DKK 65.00
Minimum per order (fractional shares)	DKK 10.00	DKK 10.00
Maximum per order (shares)	None	None	None
Maximum per order (fractional shares)
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None

Exchange, Clearing and Regulatory Fees

CPH
AQUIS (AQEUDK)
CBOE EU/ DXE

CHIX (CHIXDK)
Turquoise (TGHEDK)

Fixed Example:

100 Shares @ DKK 50 Share Price = DKK 49

France

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing⁶
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees	None³	None

Exchange and Clearing Fees

BATS Europe (BATEEN)
CBOE EU/ DXE
CHIX (CHIXEN)
SBF
Turquoise (TRQXEN)

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25
200 Shares @ EUR 30 Share Price = EUR 6.00

Tiered Examples

Germany

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing⁶	Fixed - Direct Routing (SWB)⁶	Fixed - Direct Routing (GETTEX)⁶
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value	0.12% of Trade Value	0.05% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00	EUR 6.00	EUR 3.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None	None	None

Exchange, Clearing and Regulatory Fees

AQUIS (AQEUDE)
BATS Europe (BATEDE)
CBOE EU/ DXE
CHIX (CHIXCH)
FWB

GETTEX
SWB
Tradegate
Turquoise (TRQXDE)
Xetra (IBIS)

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

SWB:

100 Shares @ EUR 50 Share Price = EUR 6.00
400 Shares @ EUR 15 Share Price = EUR 7.20

GETTEX - Stocks and Warrants:

500 Shares @ EUR 12 Share Price = EUR 3.00

All Other Direct Routed:

100 Shares @ EUR 40 Share Price = EUR 4.00

Tiered Examples

Monthly Trade Value (EUR)¹	Tiered	Fixed
≤ 50,000,000	0.05% of Trade Value	Buys: 0.55% of Trade Value⁴ Sells: 0.1% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value

Minimum per order	HUF 200.00	HUF 200.00
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None

Monthly Trade Value (EUR)¹	Tiered	Fixed
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value

Minimum per order	EUR 1.25	EUR 3.00
Maximum per order	EUR 29.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None

Exchange, Clearing and Regulatory Fees

BUX

Fixed Examples:

800 Shares @ HUF 250 Share Price = HUF 200.00
1,000 Shares @ HUF 300 Share Price = HUF 300.00

Israel

Monthly Trade Value (EUR)¹	Tiered	Fixed
≤ 50,000,000	0.05% of Trade Value	0.1% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value

Minimum per order	ILS 5.25	ILS 15.00
Maximum per order	ILS 120.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None

Exchange, Clearing and Regulatory Fees

Tel Aviv Exchage

Fixed Example:

200 Shares @ ILS 75 Share Price = ILS 15.00

Italy

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing⁶
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None

Exchange, Clearing and Regulatory Fees

AQUIS (AQEUIT)
BVME
BATS Europe (BATEIT)

CBOE EU/ DXE
CHIX (CHIXIT)
Turquoise (TGHEIT)

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

Warrants & Structured Products:

120 Shares @ EUR 50 Share Price = EUR 6.00
150 Shares @ EUR 60 Share Price = EUR 9.00

All Other Direct Routed:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 30 Share Price = EUR 7.50

Tiered Examples

Netherlands

EUR Denominated
USD Denominated

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None³	None

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	USD 1.70	USD 4.00	USD 6.00
Minimum per order (fractional shares)	USD 1.70	USD 1.70
Maximum per order (shares)	USD 39.00	None	None
Maximum per order (fractional shares)	USD 39.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None

Exchange Fees

AEB
BATS Europe (BATEEN)
CBOE EU/ DXE
CHIX (CHIXEN)
Turquoise (TRQXEN)

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Examples:

100 Shares @ EUR 40 Share Price = EUR 4.00
250 Shares @ EUR 25 Share Price = EUR 6.25
120 Shares @ EUR 50 Share Price = EUR 6.00

Tiered Examples

Norway

Monthly Trade Value (NOK)	Tiered	Fixed
≤ 400,000,000	0.05% of Trade Value	0.05% of Trade Value
400,000,000.01 - 800,000,000	0.03% of Trade Value
800,000,000.01 - 4,000,000,000	0.02% of Trade Value
> 4,000,000,000	0.015% of Trade Value

Minimum per order	NOK 10.00	NOK 49.00
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None

Exchange, Clearing and Regulatory Fees

AQUIS (AQEUNO)
OMXNO

Fixed Examples:

100 Shares @ NOK 50 Share Price = NOK 49.00
1,000 Shares @ NOK 150 Share Price = NOK 75.00

Poland

Monthly Trade Value (EUR)¹	Tiered	Fixed
≤ 50,000,000	0.05% of Trade Value	0.1% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value

Minimum per order	PLN 5.00	PLN 15.00
Maximum per order	PLN 125.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None

Exchange, Clearing and Regulatory Fees

WSE

Fixed Examples:

200 Shares @ PLN 75 Share Price = PLN 15.00
500 Shares @ PLN 55 Share Price = PLN 27.50

Portugal

Monthly Trade Value (EUR)¹	Tiered	Fixed
≤ 50,000,000	0.05% of Trade Value	0.15% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value

Minimum per order	EUR 1.25	EUR 6.00
Maximum per order	EUR 29.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees	None

Exchange Fees

BVL

Fixed Examples:

100 Shares @ EUR 50 Share Price = EUR 7.50

Tiered Examples

Russia

NOTES:

Due to restrictions imposed by Russia, IBKR clients cannot open or close positions on the Moscow Stock Exchange at this time.
AS of July 28, 2022, any long or short RUB balances in an account auto-convert to USD or EUR, depending on the entity holding an account. Visit our Knowledge Base for additional info.
As of June 21, 2024, we no longer receive pricing data for MOEX listed securities or securities with a MOEX listed component.

Monthly Trade Value (RUB)	Tiered	Fixed
≤ 3,700,000,000	0.05% of Trade Value	N/A
3,700,000,000.01 - 7,500,000,000	0.03% of Trade Value
7,500,000,000.01 - 37,000,000,000	0.02% of Trade Value
> 37,000,000,000	0.015% of Trade Value

Minimum per order	RUB 95.00	N/A
Maximum per order	RUB 2,200.00	N/A
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	N/A

Exchange, Clearing and Regulatory Fees

Moscow Exchange (MOEX)

Saudi Arabia

Monthly Trade Value (SAR)¹	Tiered	Fixed
≤ 200,000,000	0.05% of Trade Value	0.10% of Trade Value
200,000,000.01 - 400,000,000	0.04% of Trade Value
> 400,000,000	0.03% of Trade Value

IB SmartRouting^SM
Third Party Fees²	Regulatory Fees Exchange Fees

Exchange, Clearing, Custody and Regulatory Fees

TADAWUL

Spain

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 50,000,000	N/A	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	N/A
100,000,000.01 - 500,000,000	N/A
> 500,000,000	N/A
Fractional Shares	N/A	0.05% of Trade Value

Minimum per order (shares)	N/A	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	N/A	EUR 1.25
Maximum per order (shares)	N/A	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM	N/A
Third Party Fees²	N/A	None	None

Exchange, Clearing and Regulatory Fees

AQUIS (AQEUES)
BATS Europe (BATEES)
CBOE EU/DXE

CHIX (CHIXES)
Turquoise (TGHEES)

Fixed - Smart Routed Example:

75 Shares @ EUR 80 Share Price = EUR 3.00

Fixed - Direct Routed Example:

100 Shares @ EUR 40 Share Price = EUR 4.00

Tiered Examples

Sweden

SEK Denominated
EUR Denominated

Monthly Trade Value (SEK)¹	Tiered⁵	Fixed
≤ 400,000,000	0.05% of Trade Value	0.05% of Trade Value
400,000,000.01 - 800,000,000	0.03% of Trade Value
800,000,000.01 - 4,000,000,000	0.02% of Trade Value
> 4,000,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	SEK 10.00	SEK 49.00
Minimum per order (fractional shares)	SEK 10.00	SEK 10.00
Maximum per order (shares)	None	None
Maximum per order (fractional shares)
IB SmartRouting^SM
Third Party Fees²	Exchange Fees	None

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed
≤ 50,000,000	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None
Maximum per order (fractional shares)	EUR 29.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None

Exchange Fees

AQUIS (AQEUSE)
Swedish Stock Exchange

Fixed Example:

100 Shares @ SEK 50 Share Price = SEK 49.00

Switzerland

Monthly Trade Value (CHF)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing⁶
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	CHF 1.50	CHF 5.00	CHF 6.00
Minimum per order (fractional shares)	CHF 1.50	CHF 1.50
Maximum per order (shares)	CHF 49.00	None	None
Maximum per order (fractional shares)	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing⁶
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None
Maximum per order (fractional shares)	EUR 29.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None

Monthly Trade Value (GBP)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing⁶
≤ 40,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
40,000,000.01 - 80,000,000	0.03% of Trade Value
80,000,000.01 - 400,000,000	0.02% of Trade Value
> 400,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	GBP 1.00	GBP 3.00	GBP 6.00
Minimum per order (fractional shares)	GBP 1.00	GBP 1.00
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing⁶
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	USD 1.70	USD 4.00	USD 6.00
Minimum per order (fractional shares)	USD 1.70	USD 1.70
Maximum per order (shares)	USD 39.00	None	None
Maximum per order (fractional shares)	USD 39.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees Regulatory Fees	None	None

Exchange Fees

AQUIS (AQXECH)
BATS Europe (BATECH)
CHIX (CHIXCH)
EBS
Turquoise TRQXCH
VIRTX

Fixed Examples:

75 Shares @ EUR 80 Share Price = EUR 3.00
150 Shares @ GBP 40 Share Price = GBP 3.00
200 Shares @ CHF 50 Share Price = CHF 5.00
250 Shares @ USD 32 Share Price = USD 4.00

Tiered Examples

United Kingdom

Monthly Trade Value (GBP)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 40,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
40,000,000.01 - 80,000,000	0.03% of Trade Value
80,000,000.01 - 400,000,000	0.02% of Trade Value
> 400,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	GBP 1.00	GBP 3.00	GBP 4.00
Minimum per order (fractional shares)	GBP 1.00	GBP 1.00
Maximum per order (shares)	None	None	None
Maximum per order (fractional shares)
IB SmartRouting^SM
Third Party Fees²	Regulatory Fees Exchange Fees Clearing Fees	None	None

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	EUR 1.25	EUR 3.00	EUR 4.00
Minimum per order (fractional shares)	EUR 1.25	EUR 1.25
Maximum per order (shares)	EUR 29.00	None	None
Maximum per order (fractional shares)	EUR 29.00	None
IB SmartRouting^SM
Third Party Fees²	Regulatory Fees Exchange Fees Clearing Fees	None	None

Monthly Trade Value (EUR)¹	Tiered⁵	Fixed - IB SmartRouting^SM	Fixed - Direct Routing
≤ 50,000,000	0.05% of Trade Value	0.05% of Trade Value	0.10% of Trade Value
50,000,000.01 - 100,000,000	0.03% of Trade Value
100,000,000.01 - 500,000,000	0.02% of Trade Value
> 500,000,000	0.015% of Trade Value
Fractional Shares	Tiered Pricing	0.05% of Trade Value

Minimum per order (shares)	USD 1.70	USD 4.00	USD 6.00
Minimum per order (fractional shares)	USD 1.70	USD 1.70
Maximum per order (shares)	USD 39.00	None	None
Maximum per order (fractional shares)	USD 39.00	None
IB SmartRouting^SM
Third Party Fees²	Exchange Fees Clearing Fees	None	None

Exchange Fees and Clearing Fees

AQUIS (AQXEUK)
BATS Europe (BATEUK)
CHIX (CHIXUK)
Stock Exchange (LSE, LSEETF and LSEIOB1)²
Turquoise (TRQXUK)

Fixed Examples:

75 Shares @ EUR 80 Share Price = EUR 3.00
150 Shares @ GBP 40 Share Price = GBP 3.00
250 Shares @ USD 32 Share Price = USD 4.00

Tiered Examples

Disclosures

For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
For more information on Third Party Transaction Fees, please see the IBKR Knowledge Base.
Euronext (FR/NL/BE) - EUR 0.75 per execution exchange fee passed through on ETF products only.
To a maximum value of HUF 4,444,444 thereafter .1%
View tiered - direct routing commission pricing on the EUIBSI exchange.
IB SmartRouting^SM is not available for Warrants and Structured products. Warrants and Structured Products can use Direct Routing only.

Commissions apply to all order types.
Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants 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.
VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
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.
Please note that directed API orders cannot use the Tiered fee structure. SmartRouted API orders can use either the Tiered or Fixed structure.
For European stock Algo orders, IB will apply the commission cap as follows:
    For EUR-denominated stocks every EUR 75,000 of executed value a new per order cap will be applied
    For CHF-denominated stocks every CHF 100,000 of executed value a new per order cap will be applied
    For GBP-denominated stocks every GBP 65,000 of executed value a new per order cap will be applied
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.
The Panel on Takeovers and Mergers (PTM) Levy is a regulatory charge applicable to buy and sell trades in securities of eligible companies. This flat-rate levy of 1 GBP per qualifying trade applies conditionally. See conditions.

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

Commissions Stock Europe

Stocks, ETFs, Warrants and Structured Products

Austria

Austria - Third Party Fees

Exchange, Clearing and Regulatory Fees

Austria - Examples

Fixed Examples:

Baltic Region (Estonia, Latvia, Lithuania)

Baltic Region (Estonia, Latvia, Lithuania) - Third Party Fees

Exchange, Clearing and Regulatory Fees

Baltic Region (Estonia, Latvia, Lithuania) - Examples

Fixed Examples:

Belgium

Belgium - Third Party Fees

Exchange and Clearing Fees

Belgium - Examples

Fixed - Smart Routed Example:

Fixed - Direct Routed Examples:

Czech Republic

Czech Republic - Third Party Fees

Exchange, Clearing, Custody and Regulatory Fees

Czech Republic - Examples

Fixed Example:

Denmark

Denmark - Third Party Fees

Exchange, Clearing and Regulatory Fees

Denmark - Examples

Fixed Example:

France

France - Third Party Fees

Exchange and Clearing Fees

France - Examples

Fixed - Smart Routed Example:

Fixed - Direct Routed Examples:

Germany

Germany - Third Party Fees

Exchange, Clearing and Regulatory Fees

Germany - Examples

Fixed - Smart Routed Example:

Fixed - Direct Routed Examples:

Hungary

Hungary - Third Party Fees

Exchange, Clearing and Regulatory Fees

Hungary - Examples

Fixed Examples:

Israel

Israel - Third Party Fees

Exchange, Clearing and Regulatory Fees

Israel - Examples

Fixed Example:

Italy

Italy - Third Party Fees

Exchange, Clearing and Regulatory Fees

Italy - Examples

Fixed - Smart Routed Example:

Fixed - Direct Routed Examples:

Netherlands

Netherlands - Third Party Fees

Exchange Fees

Netherlands - Examples

Fixed - Smart Routed Example:

Fixed - Direct Routed Examples:

Norway

Norway - Third Party Fees

Exchange, Clearing and Regulatory Fees

Norway - Examples

Fixed Examples:

Poland

Poland - Third Party Fees

Exchange, Clearing and Regulatory Fees

Poland - Examples

Fixed Examples:

Portugal

Portugal - Third Party Fees

Exchange Fees

Portugal - Examples

Fixed Examples:

Russia

Russia - Third Party Fees

Exchange, Clearing and Regulatory Fees