Lower Your Costs to Maximize Your Return1
Rated Lowest Cost2 by StockBrokers.com
IBKR Lite
$0 Commissions3
IBKR Pro
with enhanced price execution4
Stocks & ETFs5
$0.0005 - $0.0035 per share
(plus exchange, regulatory clearing & transaction fees)
Options5
$0.15 - $0.65 per contract
(plus exchange, regulatory clearing & transaction fees)
Futures5
$0.25 - $0.85 per contract
(plus exchange, regulatory & carrying fees)
Currencies5
We deliver price quotes in 1/10 of a PIP
Interactive Brokers has lower commission rates for larger volumes an comparable rates worldwide.
View Commission RatesIBKR Lite or IBKR Pro— Pick the Pricing Plan Best for You.
- Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.
- According to StockBrokers.com Online Broker Survey 2023: Read the full article Online Broker Reviews, May 18, 2023. "Professionals can take advantage of industry-leading commissions, including the lowest margin rates across all balance tiers."
- IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs routed to select market makers. IBKR may charge non-commission related fees. For more information, see ibkr.com/liteinfo
- For more information see, ibkr.com/bestexecution
- Equities: USD 0.35 minimum per order. Options: commissions shown above are for IBKR Pro orders; minimum USD 1.00 on US options. Forex: 0.2 basis points with a USD 2.00 minimum. No extra ticket charges. No technology surcharges. Transparent volume-tiered commissions above are for US products; international products available at comparable rates. For complete details, see ibkr.com/commissions
IBKR BestXTM
IBKR BestXTM is a powerful suite of advanced trading technologies designed to help clients achieve best execution and maximize price improvement while minimizing market impact and maintaining complete control over their orders.
Orders are routed by IBKR directly to one or more execution venues, including multiple exchanges, dark pools, and IBKR’s own alternative trading system (ATS).
IBKR BestX's suite of choices offers clients a powerful solution for helping to achieve best execution and price improvement across their trading activities by combining (depending on the product being traded) the IBUSOPT destination, the IBKR ATS, advanced order types, and IB SmartRoutingSM.
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IBUSOPT
For US listed equity options and certain index options, the IBUSOPT destination is designed to offer clients the opportunity to interact with IB SmartRouted marketable order flow and have their orders filled in between the National Best Bid/Offer (NBBO). Clients can buy between the bid and the midpoint or sell between the offer and the midpoint without revealing their trading interests to the market or being subject to adverse selection by market-moving orders (as they would be if their order were displayed on an exchange).
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IBKR ATS
For US listed stocks and ETFs, the IBKR ATS allows clients to choose to interact solely with IB SmartRouted order flow and access order flows that may not be available at exchanges. This helps to provide price improvement (by resting passive orders rather than crossing the spread) on large volume and block orders while minimizing market impact.
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IB SmartRoutingSM
IB SmartRoutingSM provides best execution by continuously searching for the best available prices for stocks, options, and combinations across exchanges and dark pools. This technology dynamically re-routes all or part of clients' orders to achieve immediate electronic execution, while factoring in transaction costs, fees, rebates, and other factors that impact trade execution.
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Advanced Order Types
Both IBUSOPT and IBKR ATS offer Pegged-to-Midpoint and Pegged-to-Best order types, and the IBKR ATS also offers a Reroute to SMART order type.
- The Pegged-to-Midpoint order type allows clients to peg their order to the midpoint of the bid-ask spread, meaning that if the order is executed, it will be done at the midpoint of the NBBO (the highest bid and the lowest ask). This order type helps traders get better prices by not having to pay the bid/ask spread.
- The Pegged-to-Best order type allows clients to peg their order and compete by one tick with the best bid or ask price available in the market. Traders who use this order type want to ensure that their order is executed at better prices than are available on exchanges, regardless of the market conditions.
- The Reroute to SMART order type allows clients to rest orders on IBKR ATS, and if they remain unfilled after a specified number of minutes, to automatically re-route the order using IB SmartRouting.
