Broker Summary - Interactive Brokers: Commission, Fees And Customer Support
AAA
  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. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  2. Demo Account

    A trading account that allows an investor to review and test ...
  3. Application Programming Interface - API

    An interface or "go-between" that enables a software program ...
  4. Mobile Trading

    The use of wireless technology in securities trading. Mobile ...
  5. Trading Software

    Computer programs that facilitate trading of financial products ...
  6. Trading Platform

    Software through which investors and traders can open, close ...
RELATED FAQS
  1. What happens if a software glitch fails to execute the strike price I set?

    If you've ever suffered the frustrating experience of having an order not filled or had a strike price fail to execute because ... Read Full Answer >>
  2. What is the difference between business intelligence and competitive intelligence?

    Competitive intelligence is the act of understanding a company's industry and industry rivals so the company can make better ... Read Full Answer >>
  3. Should I attempt to trade futures myself using software, or is this better left in ...

    The question of whether to do your own futures trading or opt for a managed account that a professional trades on your behalf ... Read Full Answer >>
  4. How do I place a limit order online?

    Nearly all trading orders can be placed online through a trading platform usually provided by a broker. A limit order is ... Read Full Answer >>
  5. How do you trade put options on E*TRADE?

    To trade put options with E-trade it is necessary to have an approved margin account. Investors may sign up for margin accounts ... Read Full Answer >>
  6. How do you trade put options on Ameritrade?

    To trade put options with TD Ameritrade, you need a margin account funded with more than $2,000 that is authorized to trade ... Read Full Answer >>

You May Also Like

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!