Share CFDs
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60.0% of retail investor accounts lose money when trading CFDs with IBKR. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
COMMISSIONS
Contract for Differences (CFD)
- Share CFDs use a Volume-Tiered pricing structure in which all exchange and regulatory fees are included. Commissions apply to all order types.
- Index CFDs use a Fixed pricing structure. Commissions apply to all order types.
- Forex CFDs use a volume tiered pricing structure. Tiers are based on the combined Monthly Trade Value of Forex CFD and Spot Forex trades.
- Metals CFDs use a Fixed pricing structure. Commissions apply to all order types.
Americas
Brazil Share CFDs
| Monthly Value (in BRL) | Per Trade Fee | Minimum per Order (BRL) |
|---|---|---|
| ≤ 40,000,000 | 0.12% | 15 |
| 40,000,000.01 – 400,000,000 | 0.10% | 10 |
| > 400,000,000 | 0.08% | 5 |
BRL 50,000 Value CFD = BRL 60
United States Share CFDs
| Volume (per Month) 1 | IBKR Commission per Share (USD) | Minimum per Order (USD) |
|---|---|---|
| ≤ 300,000 | 0.0050 | 1.00 |
| 300,001 - 3,000,000 | 0.0045 | 1.00 |
| 3,000,001 - 20,000,000 | 0.0040 | 1.00 |
| 20,000,001 - 100,000,000 | 0.0035 | 1.00 |
| > 100,000,000 | 0.0030 | 0.65 |
If you execute 500,000 US Share CFDs in a month, your IBKR Commission would be USD 2,400:
300,000 CFDs at USD 0.0050 = USD 1,500
200,000 CFDs at USD 0.0045 = USD 900
Notes:
- Volume tiers are applied based on monthly cumulative trade volume summed across US Share CFDs at the time of the trade. European Share CFD trades will not count towards the monthly volume (and vice versa). The above commissions include all fees and are applied on a marginal basis for a given calendar month.
- All exchange and regulatory fees included.
- VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
- 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.
- IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.
EMEA
Europe Share CFDs
See Product Listings for countries and shares covered.
| Monthly Value (in EUR) 1 | Per Trade Fee | Minimum per Order | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GBP | EUR | CHF | USD | SEK | EUR (Finland) | DKK | NOK | RUB3 | ||
| ≤ 10,000,000 | 0.05% | 3.00 | 3.00 | 3.00 | 3.00 | 39.00 | 4.75 | 39.00 | 39.00 | N/A |
| 10,000,000.01 – 100,000,000 | 0.03% | 2.00 | 2.00 | 2.00 | 2.00 | 29.00 | 3.50 | 29.00 | 29.00 | N/A |
| > 100,000,000 | 0.02% | 1.00 | 1.00 | 1.00 | 1.00 | 29.00 | 3.50 | 29.00 | 29.00 | N/A |
Other Europe Share CFDs
| Per Trade Fee | Minimum (CZK) 2 | |
|---|---|---|
| Czech Republic | 0.17% | 60 per Trade + 10 per Order |
South Africa Share CFDs
| Monthly Value (in ZAR) | Per Trade Fee | Minimum (ZAR) |
|---|---|---|
| ≤ 150,000,000 | 0.12% | 50 per Order |
| 150,000,000.01 - 1,500,000,000 | 0.10% | 35 per Order |
| > 1,500,000,000 | 0.09% | 15 per Order |
ZAR 300,000 Value CFD = ZAR 360
Notes:
- The CFD tiers are based on the Monthly Trade Value as expressed in EUR. When calculating the Monthly Trade Value in EUR, IBKR converts any non-EUR denominated CFD trade to its EUR-equivalent using the most recent exchange rate. In this way, stock trades denominated in non-EUR currencies will be counted towards the monthly value for commission breaks.
- The minimum fees are additive. For example, an order resulting in a single execution carries a minimum fee of CZK 70. An order executed in two tranches carries a minimum fee of CZK 130.
- External Fees of 0.05% are added to the IB commission.
- Commissions apply to all order types. In addition a surcharge is applied to IBKR Algo orders (VWAP, DarkIce, etc.) for CFDs on European shares as follows:
- GBP denominated 0.015%
- EUR denominated 0.01%
- CHF denominated 0.025%
- EUR (Finnish only) denominated 0.025%
- SEK and DKK denominated 0.10%
- All exchange and regulatory fees included.
- VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
- 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.
- IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.
Asia-Pacific
Australia Share CFDs
| Monthly Value (in AUD) | Per Trade Fee | Minimum per Order (AUD) |
|---|---|---|
| ≤ 10,000,000 | 0.05% | 5.00 |
| > 10,000,000 | 0.03% | 3.00 |
AUD 25,000 Value CFD = AUD 12.50
Hong Kong Pass-Through CFD Fees
| Fee | |
|---|---|
| Stamp Duty | 0.13% 1 |
| SFC Transaction Levy | 0.0027% |
Hong Kong Share CFDs
| Monthly Value (in HKD) | Per Trade Fee | Minimum per Order (HKD) |
|---|---|---|
| ≤ 300,000,000 | 0.05% | 12.00 |
| > 300,000,000 | 0.03% | 8.00 |
HKD 50,000 Value CFD = IBKR Execution Fee HKD 25 + SFC Levy HKD 1.35 + Stamp Duty HKD 50 = HKD 76.35
Japan Pass-Through CFD Fees
| Fee | |
|---|---|
| Clearing | JPY 2.95 + 0.0004% |
Japan Share CFDs
| Monthly Value (in JPY) 2 | Per Trade Fee | Minimum per Order (JPY) |
|---|---|---|
| ≤ 9,000,000,000 | 0.03% | 100 |
| 9,000,000,000.01 – 20,000,000,000 | 0.02% | 40 |
| > 20,000,000,000 | 0.015% | 30 |
JPY 500,000 Value CFD = IBKR Execution Fee JPY 150 + Clearing Fixed JPY 2.95 + Clearing Variable JPY 2.00 = JPY 154.95
Singapore Share CFDs
| Monthly Value (in SGD) | Per Trade Fee | Minimum per Order (SGD) |
|---|---|---|
| ≤ 50,000,000 | 0.11% | 2.50 |
| 50,000,000.01 – 150,000,000 | 0.09% | 1.60 |
| > 150,000,000 | 0.08% | 1.20 |
SGD 50,000 Value CFD = IBKR Execution Fee SGD 55.00
Notes:
- Round up to the nearest 1.00
- Tiers are based on the combined Monthly Trade Value expressed in JPY of CFD and Share trades. The per trade fee is applied on a marginal basis, in the same way as for Europe and the US.
- Commissions apply to all order types. In addition a surcharge is applied to IBKR Algo orders (VWAP, DarkIce, etc.) for CFDs on Asian shares as follows:
- AUD, HKD, and SGD denominated 0.10%
- All exchange and regulatory fees included.
- Value-Added Tax (VAT), Goods and Service Tax (GST) or other consumption taxes will be separately applied to commissions and services, where applicable, based on the prevailing rates.
- 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.
- IBKR may change these rates at any time in its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.