Futures Cost-Plus Tiered (Non-US)

Our transparent Cost Plus pricing for futures in non-US markets includes our low broker commission, which decreases depending on volume, plus exchange, regulatory and carrying fees. 11



Cost-Plus Tiered Commission per Contract (unless otherwise noted)
Contract Volume
(per month) 1		 USD EUR GBP CAD CHF HKD AUD SGD SEK NOK
<=1,000 1.05 0.90 0.65 1.25 1.40 8.50 3.55 2.25 10 10
1,001-10,000 0.65 0.60 0.45 0.80 0.90 5.00 2.60 1.50 8 8
10,001-20,000 0.45 0.40 0.30 0.60 0.60 3.50 1.80 1.00 6 6
>20,000 0.25 0.25 0.15 0.30 0.35 2.00 1.00 0.65 4 4

Cost-Plus Tiered Commission per Contract for AEX/CAC40 Minis
Contract Volume
(per month) 12		 EUR
<=1,000 0.20
1,001-10,000 0.12
10,001-20,000 0.08
>20,000 0.05

Cost-Plus Tiered Commission per Contract (unless otherwise noted)
  JPY
Contract Volume
(per month) 1		 NKVI / N225 / N225M FUT4 JGB MJ / SGXNKM / SGB TOPX MNTPX / TPXC30 / TSEREIT N225 OPT5 All Other
<=1,000 280 / 28 350 50 280 38 12 bps 230
1,001-10,000 210 / 21 295 45 210 31 10 bps 160
10,001-20,000 150 / 15 255 41 150 25 8 bps 115
>20,000 100 / 10 225 38 100 20 6 bps 60

Cost-Plus Tiered Commission
Monthly Traded Value (INR)10
Plus Securities Transaction Tax, Exchange Charges, and Service Tax		 Commissions Minimum per Order
=< 50 crore (500,000,000) 8 0.012% 9 of Trade Value N/A
50 =< 125 crore (1,250,000,000) 8 0.010% 9 of Trade Value N/A
=>125 crore (1,250,000,000) 8 0.008% 9 of Trade Value N/A

Carrying Fee per Contract 2
Product Currency US EUR GBP CAD CHF HKD AUD SGD SEK NOK INR JPY 7
3x Margin Requirements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2x Margin Requirements 0.05 0.04 0.035 0.05 0.05 0.40 0.075 0.10 0.35 0.35 0.00 5.00
Meets Margin Requirements 0.10 0.08 0.07 0.10 0.10 0.80 0.15 0.20 0.70 0.70 0.00 10.00

North America - Exchange and Regulatory Fees 3

Canada

Europe - Exchange and Regulatory Fees 3

Belgium

France

Germany

Italy

Netherlands

Norway

Spain

Sweden

Switzerland

United Kingdom

 
 

Asia-Pacific - Exchange and Regulatory Fees 3

Australia

Hong Kong

Japan

Singapore

Execution Only

The below schedule of fees applies only to customers who execute futures trades with IB and then give them up for carrying by another broker.


Execution Fee per Contract
Volume
(per month) 1		 USD EUR GBP CAD CHF HKD AUD SGD SEK JPY
N225 / N225M FUT 4		 JPY
JGB		 JPY
MJ / SGXNKM / SGB		 JPY
TOPX		 JPY
MNTPX / TPXC30 /TSEREIT		 JPY
All Other
<=1,000 Contracts 0.75 0.65 0.45 0.90 1.00 6.00 2.65 1.60 7 200/20 270 42 200 30 130
1,001-10,000 Contracts 0.45 0.40 0.30 0.55 0.60 3.50 2.00 1.00 6 150/15 235 39 150 25 90
10,001-20,000 Contracts 0.35 0.30 0.20 0.45 0.45 2.75 1.50 0.75 5 110/11 215 37 110 21 70
>20,000 Contracts 0.25 0.25 0.15 0.30 0.35 2.00 1.00 0.65 4 80/8 205 36 80 18 60



  1. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts at the time of the trade. Only contracts that are traded while under the Cost-Plus Tiered pricing structure will count towards the monthly volume. Contract volumes for advisor, institutions, 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 1,500 EUR contracts in a month, your IB execution costs would be:
    1,000 contracts at EUR 0.65
    500 contracts at EUR 0.40

  2. Carrying charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight. The carrying fee for accounts with margin in between the minimum requirement and 3x the minimum will have their carry fees extrapolated based on the table above.
  3. Non-member regulatory fees are applied, unless a customer is pre-qualified by IB. Contact your sales person for more information.
  4. For the purpose of determining the monthly volume tier, each mini future contract will count as 1/10 of the volume of one standard size future contract, i.e. for every 10 N225M / MJ / MNTPX futures contracts traded, the monthly volume will increase by 1.
  5. Per Order minimum of YEN 100 applies.
  6. Special introductory fee.
  7. The carry cost on the following mini-future products Singapore-listed SGXNKM and SGB; Osaka-listed N225M; Tokyo-listed MJ and MNTPX will be:

      JPY
    3x Margin Requirements 0.00
    2x Margin Requirements 0.50
    Meets Margin Requirements 1.00

  8. 50 crore represents approximately 2,000 board lots; 125 crore represents approximately 5,000 board lots
  9. IB commissions will be charged only on the opening leg in case of intra-day trades on the NSE (positions opened and closed on the same day). No commissions will be charged on the closing leg, other charges apply on both legs (such as STT, reg fees, exchange fees and etc).
  10. Volumes considered for tiers will include only those trades for which commissions are charged.
  11. IB’s Cost Plus commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to customers in IB’s Cost Plus commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to customers. Likewise, rebates passed on to customers by IB may be less than the rebates IB receives from the relevant market.
  12. For the purpose of determining the monthly volume tier, each Euronext mini product will count as 1/10 the volume of one standard size future contract, i.e. for every 10 mini contracts traded, the monthly volume will increase by 1.