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Commissions Options Europe

Commissions

Options

Minimize Your Costs to Maximize Your Returns*. Low commissions with no added spreads, ticket charges, platform fees, or account minimums.

Belgium flag

Belgium

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 1.50/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.50/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
France flag

France

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 1.50/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.50/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Euronext Paris Mini Options
Monthly Volume (Contracts)3 Tiered Fixed
≤ 8,000 EUR 0.15/contract EUR 0.20/contract
8,001 - 40,000 EUR 0.10/contract
40,001 - 80,000 EUR 0.05/contract
> 80,000 EUR 0.03/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Fixed:

1 Index Option Contract = EUR 1.50


Tiered:

1 CAC40 Index Option = IBKR Execution Fee EUR 0.90 + Exchange Fee EUR 0.20 + Clearing Fee EUR 0.13 + Regulatory Fee EUR 0.00 = EUR 1.23


Cost and Charge Illustration
German flag

Germany

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
(Except DJ200, DJ600, DAX)
Fixed
DJ200/DJ600
Fixed
DAX
≤ 1,000 EUR 0.90/contract EUR 1.50/contract EUR 2.50/contract EUR 1.70/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None None None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.10/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Fixed:

1 Stock Options Contract = EUR 1.10


Tiered:

1 DAX Contract = IBKR Execution Fee EUR 0.90 + Exchange Fee EUR 0.54 + Clearing Fee EUR 0.00 + Regulatory Fee EUR 0.01 = EUR 1.45


Cost and Charge Illustration
Italian flag

Italy

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 3.00/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 2.00/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Fixed:

1 Index Option Contract = EUR 3.00


Tiered:

1 Stock Option Contract = IBKR Execution Fee EUR 1.00 + Exchange Fee EUR 0.26 + Clearing Fee EUR 0.10 + Third Party Fee EUR 0.22 + Regulatory Fee EUR 0.00 = EUR 1.58


Cost and Charge Illustration
Netherlands flag

Netherlands

EUR Denominated Index Options
Monthly Volume (Contracts)1 Tiered Fixed (Except Mini-AEX) Fixed - Mini AEX Options
≤ 1,000 EUR 0.90/contract EUR 1.50/contract EUR 0.30/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None None
EUR Denominated Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 1.50/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
USD Denominated Options
Monthly Volume (Contracts) Tiered Fixed
≤ 1,000 USD 1.05/contract USD 2.00/contract
1,001 - 10,000 USD 0.65/contract
10,001 - 20,000 USD 0.45/contract
> 20,000 USD 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Fixed:

1 EUR-denominated Contract = EUR 1.50


Tiered:

1 Stock Option Contract = IBKR Execution Fee EUR 1.00 + Exchange Fee EUR 0.31 + Clearing Fee EUR 0.05 + Regulatory Fee EUR 0.00 = EUR 1.36


Cost and Charge Illustration
Spanish flag

Spain

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 EUR 0.90/contract EUR 0.80/contract
1,001 - 10,000 EUR 0.60/contract
10,001 - 20,000 EUR 0.40/contract
> 20,000 EUR 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 EUR 1.00/contract EUR 0.90/contract
8,001 - 40,000 EUR 0.70/contract
40,001 - 80,000 EUR 0.40/contract
> 80,000 EUR 0.25/contract
Minimum Per Order EUR 4.50
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Swedish flag

Sweden

Index Options
Monthly Volume (Contracts)1 Tiered
≤ 1,000 SEK 10.00/contract
1,001 - 10,000 SEK 8.00/contract
10,001 - 20,000 SEK 6.00/contract
> 20,000 SEK 4.00/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
Stock Options
Contract Type Fixed
All Stock Options 0.35% of Trade Value, minimum 0.50/contract + External Fees
Minimum Per Order SEK 10.004
Tiered:

10 Swedish Stock Options @ 5.00 = IBKR Execution Fee SEK 17.50 + Exchange Fee SEK 37.50 = Total 55.00


Cost and Charge Illustration
Swiss flag

Switzerland

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 CHF 1.40/contract CHF 2.80/contract
1,001 - 10,000 CHF 0.90/contract
10,001 - 20,000 CHF 0.60/contract
> 20,000 CHF 0.35/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 CHF 1.35/contract CHF 1.70/contract
8,001 - 40,000 CHF 0.95/contract
40,001 - 80,000 CHF 0.60/contract
> 80,000 CHF 0.35/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
None
Fixed:

1 Contract = CHF 2.80


Tiered:

1 SLI Contract = IBKR Execution Fee CHF 1.35 + Exchange Fee CHF 0.20 + Regulatory Fee CHF 0.00 = CHF 1.55


Cost and Charge Illustration
UK flag

United Kingdom

Index Options
Monthly Volume (Contracts)1 Tiered Fixed
≤ 1,000 GBP 0.60/contract GBP 1.70/contract
1,001 - 10,000 GBP 0.45/contract
10,001 - 20,000 GBP 0.30/contract
> 20,000 GBP 0.15/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Stock Options
Monthly Volume (Contracts) Tiered2 Fixed
≤ 8,000 GBP 1.00/contract GBP 1.70/contract
8,001 - 40,000 GBP 0.70/contract
40,001 - 80,000 GBP 0.40/contract
> 80,000 GBP 0.25/contract
Third Party Fees
  • Exchange Fees
  • Clearing Fees
  • Passthrough Fees
None
Fixed:

1 Contract = GBP 1.70


Tiered:

1 UK Stock Option = IBKR Execution Fee GBP 1.00 + Exchange Fee GBP 0.37 + Clearing Fee GBP 0.03 + Regulatory Fee GBP 0.00 = GBP 1.40


Cost and Charge Illustration

Notes:

  1. European Index Options are considered part of the Futures pricing scheme. Volumes are combined with the Futures and FOP trading volume for the tier break consideration. They will not be combined with the monthly volume of stock options when determining commissions. Clients wishing to receive the Tier commissions for European and Asian Index Options must select tiered pricing for Futures & FOPs through Client Portal.
  2. The minimum per order for European stock options traded under the cost plus volume tier model will be:
    • EUR 1.00 per Order
    • GBP 1.00 per Order
    • CHF 1.35 per Order
  3. Exchange fees for Swedish options are not used to determine the minimum per order. Exchange fees are passed through in addition to the stated IBKR commissions.
  4. For the purpose of determining the monthly volume tier, each mini stock option contract traded on Euronext Paris will count as 1/10 of the volume of one standard size stock option contract.
  5. Stamp duty on option exercise (UK=0.5%) is directly passed through to the customer.

  • IBKR's Tiered 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.
  • Commissions apply to all order types.
  • Commissions are charged for exercise and assignment.
  • 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 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Volume breaks are applied based on monthly cumulative trade volume summed across all options contracts at the time of the trade. Contract volumes for advisor, separate trading limit, 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. If for example, you execute 12,000 European stock options contracts in a month, your execution costs would be:
    8,000 contracts at EUR 1.00
    4,000 contracts at EUR 0.70
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
    Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please refer here.

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