Fees & Commissions — Transparent Pricing from Interactive Brokers

Interactive Brokers US stock trading commissions under IBKR Pro tiered pricing start at $0.005 per share with a $1.00 minimum per order. This means a 100-share trade costs $1.00, while a 500-share trade costs $2.50. As monthly share volume increases, per-share rates decrease through automatically applied volume tiers — 300,000 to 3 million shares monthly qualifies for $0.0035 per share with a $0.35 minimum, and volumes above 3 million shares drop to $0.002 per share. Exchange fees, regulatory fees, and clearing costs are additional and passed through at cost. International stock commissions vary by exchange with competitive rates across European and Asian markets typically ranging from 0.05% to 0.10% of trade value with minimums varying by market. The firm provides a comprehensive stock commission schedule accessible through the Client Portal showing current rates for each supported exchange. The tiered pricing model coupled with the absence of payment for order flow monetization means active stock traders often realize substantial savings versus brokers that offer purported commission-free trading but monetize through wider spreads or order flow sales.

IBKR US options commissions under IBKR Pro tiered pricing start at $0.65 per contract with no base ticket charge and no minimum per order. At this rate, a single-contract trade costs $0.65, a 10-contract trade costs $6.50, and a 100-contract trade costs $65.00. Volume tiers automatically reduce per-contract rates as monthly contract volume increases. Traders executing between 10,000 and 50,000 contracts monthly qualify for a reduced rate of $0.50 per contract. Volumes between 50,000 and 100,000 contracts monthly receive $0.35 per contract. The highest tier at over 100,000 contracts monthly drops to $0.25 per contract. These tier rates apply automatically based on trailing-month volume calculations. Exchange fees are additional and vary by options exchange — they typically add $0.02 to $0.05 per contract depending on which exchange executes the trade. Index options such as SPX and VIX carry different commission schedules at $0.65 per contract with higher exchange fees. Futures options commissions follow the futures exchange schedule rather than the equity options schedule. International options markets including European exchanges have separate commission rates that vary by exchange and are detailed in the full commission schedule.

Futures commissions at the firm are structured per contract and vary by exchange and product type. CME Group futures including equity indices such as E-mini S&P 500 trade at approximately $0.85 per contract. CBOT agricultural futures including corn and soybeans trade at similar rates around $0.85 per contract. NYMEX energy futures including crude oil and natural gas carry approximately $1.25 per contract. COMEX metals futures including gold and silver trade at approximately $1.25 per contract. ICE futures including soft commodities and financial products trade at approximately $1.25 per contract. Eurex European futures including DAX and Euro Stoxx trade at approximately $1.65 per contract. Exchange fees and regulatory fees are additional and passed through at cost — these typically add $0.02 to $0.30 per contract depending on the exchange and product. Volume discounts apply automatically for traders executing high monthly contract volumes on specific exchanges. Futures options are priced separately from outright futures and typically match the underlying futures commission schedule. Micro futures contracts including Micro E-mini indices carry reduced commissions reflecting their smaller notional value, typically $0.25 to $0.50 per contract. The complete futures commission schedule accessible through Client Portal displays current rates for every supported futures exchange and product category.

The firm does not charge account maintenance fees, inactivity fees, or platform access fees. There is no minimum deposit requirement, no minimum balance requirement to maintain an account, and no requirement to generate minimum monthly commission volume. The Trader Workstation platform, Client Portal web interface, and IBKR Mobile app are all provided at no additional cost beyond standard commissions and optional market data subscriptions. IRA retirement accounts carry a $0 annual custody fee when the account value exceeds $100,000 or when trading commissions for the year exceed a modest threshold. Market data subscriptions are optional — traders can use delayed data at no cost or subscribe to real-time data packages priced per package. One free withdrawal per calendar month is provided across most account types, with modest wire fees applied to additional withdrawals. The firm eliminated periodic inactivity charges that were previously part of the fee schedule, reflecting the firm's commitment to removing barriers that might discourage traders from maintaining accounts even during periods of reduced trading activity. This no-fee structure means an account can remain open indefinitely without generating any costs beyond voluntary trading commissions, margin interest on actively borrowed balances, and optional data subscriptions.

Commission rates at the firm consistently rank among the lowest in the brokerage industry, particularly for active traders and multi-asset portfolios. The unbundled pricing model separates trade commissions from advisory services, order flow monetization, and spread markups, resulting in transparent costs that traders can verify against exchange fee schedules. While some brokerages advertise commission-free trading, their revenue models often depend on payment for order flow arrangements where market makers pay for the privilege of executing retail orders — costs that manifest as wider bid-ask spreads rather than visible commissions. IBKR does not accept payment for order flow on options trades and routes equity orders through the SmartRouting system that prioritizes best execution over rebate maximization. Combined with the industry-lowest margin rates, the total annual trading cost through Interactive Brokers — including commissions, margin interest, and data fees — typically results in thousands of dollars of savings for active traders versus traditional full-service brokerages and hundreds of dollars versus major online competitors. The cost advantage widens for traders who execute across multiple asset classes since each market's commission schedule is independently competitive and cumulative savings compound across stocks, options, futures, and forex activity. For detailed cost comparisons and broker fee analyses, the Securities and Exchange Commission maintains regulatory resources at SEC.gov covering broker-dealer fee disclosure requirements and execution quality reporting standards.