Broker Summary - Interactive Brokers: Commission, Fees And Customer Support
  1. Broker Summary - Interactive Brokers: Introduction
  2. Broker Summary - Interactive Brokers: Account Types And Minimum Deposits
  3. Broker Summary - Interactive Brokers: Services Offered
  4. Broker Summary - Interactive Brokers: Commission, Fees And Customer Support
  5. Broker Summary - Interactive Brokers: Analysis And Trading Tools
  6. Broker Summary - Interactive Brokers: Conclusion

Broker Summary - Interactive Brokers: Commission, Fees And Customer Support

Commission and Fee Schedule
Interactive Brokers has automated every aspect of the trade process in-house, allowing them to offer low commissions. IB's commission structure is complex and based on a variety of factors including chosen pricing structure (Flat Rate or Cost Plus), instrument, quantity traded, and the traded market. Flat Rate commissions for stocks, ETFs and Warrants in the United States, for example, are USD 0.005 per share with a minimum per order of USD 1.00 and a maximum per order of 0.5% of trade value. US commission rates generally are $1.00 for 100 shares, $1.00 for one stock option, and 85 cents for one e-mini S&P 500 Future. Margin rates range from 1.60% on $25,000 to 0.74% on $3.5 million or more. The Flat Rate and Cost Plus pricing structures apply to stocks and ETFs in the U.S., Canada, Europe and Hong Kong: Flat Rate and Cost Plus. By default, all new accounts use the Flat Rate pricing structure. A description of each is shown in the following figure:

Figure 3: IB\'s Flat Rate and Cost Plus pricing structures
IB's complete commission and fee structure can be viewed by visiting http://www.interactivebrokers.com/en/p.php?f=commission. Commissions are listed by:

  • Stocks, ETFs and Warrants

  • Options

  • Futures and FOPs

  • U.S. Single Stock Futures (SSFs)

  • EFPs

  • Forex

  • Metals

  • Bonds

  • CFDs

  • Funds

  • Trade Desk (broker assisted trading)
SEE: Full-Service Brokerage Or DIY?

Customer Support
IB offers 24-hour customer service through regional Customer Service Centers located throughout the United States, Europe and Asia. In addition to phone support, assistance and information are available through online chat, email, fax and mail. The Knowledge Base on IB's Web site serves as a reference for glossary terms, how-to articles, troubleshooting tips and guidelines designed to assist customers with the management of their IB accounts. IB provides the following tips for receiving the best service:

Figure 4: IB\'s recommended form of contact for various types of requests


Broker Summary - Interactive Brokers: Analysis And Trading Tools

  1. Broker Summary - Interactive Brokers: Introduction
  2. Broker Summary - Interactive Brokers: Account Types And Minimum Deposits
  3. Broker Summary - Interactive Brokers: Services Offered
  4. Broker Summary - Interactive Brokers: Commission, Fees And Customer Support
  5. Broker Summary - Interactive Brokers: Analysis And Trading Tools
  6. Broker Summary - Interactive Brokers: Conclusion
RELATED TERMS
  1. Introducing Broker - IB

    A futures broker who has a direct relationship with a client, ...
  2. Commission Broker

    Someone who gets paid by the brokerage company for which he works ...
  3. Half Commission Man

    A half commission man is an individual who introduces clients ...
  4. Commission

    A service charge assessed by a broker or investment advisor in ...
  5. Commission House

    A brokerage or merchant firm which buys and sells futures contracts ...
  6. Double Dipping

    For brokerage firms, when a broker puts commissioned products ...
RELATED FAQS
  1. How can I prevent commissions and fees from eating up my trading profits?

    First off, understand that there is no universal system regarding trading commissions charged by brokerage firms. Some charge ... Read Answer >>
  2. What is the cost of a share purchase?

    Find out how the total price of a share purchase is dictated by the current stock price and the fees the brokerage company ... Read Answer >>
  3. How much will it cost me to become a casual investor on my own?

    Understanding the costs associated with becoming a casual investor is important if you want to be successful. It is important ... Read Answer >>
  4. I want to start buying stocks. Where do I start?

    Before you jump into buying stock, first take the time to learn what type of broker-dealer may be right for you. Read Answer >>
  5. How much money do I need to start trading?

    The step toward becoming an active trader is a big one, because the world of active trading is quite different from that ... Read Answer >>
  6. I'm new to this. Can I sell or buy stock by myself?

    In order to buy stocks, you need the assistance of a stock broker since you cannot just phone up a company and ask to buy ... Read Answer >>

You May Also Like

Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center