Commission and fee schedules

Secondary Heading

U.S. commissions

Stocks & ETFs
(Greater than $1 per share)
$0.01 per share
*$1 minimum
Stocks & ETFs
(Less than $1 per share)
1% of trade value
*$1 minimum
Options $1 for first contract
+ $0.75 per additional
Options exercise / assignment fee Free
Broker assisted trades No extra charge
Monthly trade value1 Fee per trade value Minimum per order
USD ≤ 100,000

0.18%*

USD $1.75, but no more
than 1% of trade value
USD 100,000.01 - 1,000,000

0.15%*

USD $1.75, but no more
than 1% of trade value
USD > 1,000,000

0.12%*

USD $1.75, but no more
than 1% of trade value

1Paxos will charge a commission on every trade of 18 bps of trade value, subject to a USD 1.75 minimum commission on any executed order. IBKR receives a portion of that commission as a referral fee from Paxos. Above the monthly volume tiers shown above (or for any order charged a commission exceeding 1% of trade value), customers will receive rebates from IBKR of a portion of the referral fee, such that the customer’s effective commission rate will be the lesser of the commission shown above or 1% of the trade value.

Mutual fund trades
(Greater than $1 per share)
$27.50
Broker assisted trades No extra charge
Up to 10,000 face value
0.1% * face value
+ $3 per bond
Remaining face value $0.025% * face value
+ $3 per bond
Broker assisted trades No extra charge
Up to $1 million face value
0.025% * face value
+ $3 per bond
Remaining face value 0.005% * face value
+ $3 per bond
Broker assisted trades No extra charge

*Our Pricing Guide is currently being updated. Please contact us for more information.

Minimums & additional fees

Required minimum
$2,500
Inactivity fee
$15/month for accounts under $25,000
Access to all platforms Free
Automated customer account transfer Free
(incoming/outgoing)
Corporate actions Free
Withdrawals Free
(one per month)
Any subsequent withdrawal in the same month is $1 for an ACH, $4 for a check and $10 for a wire.
Order cancellation Free
IRA custodial fee Free

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1Zacks Trade's margin rate starts at 8.83% compared to Charles Schwab (rate starting at 13.575%), E*Trade (rate starting at 14.2%), Fidelity (rate starting at 13.575%), TD Ameritrade (rate starting at 14.75%) and Vanguard (rate starting at 13.75%). Zacks Trade commissions for stocks start at $0.01 per share with a $1.00 minimum. Competitor margin rates obtained from published websites as of 7/27/2023 are believed to be accurate but not guaranteed. Some of the brokers may reduce margin interest rates depending on account activity or margin debit balances. Comparisons do not include competitor discounts or promotions.