Interactive Brokers has lower commission rates for larger volumes and comparable rates worldwide. Each firm's information reflects the standard online trades pricing obtained from their respective websites.
Competitor pricing and offers subject to change without notice. Our results are even more impressive when you consider that other industry-touted statistics don't give you the whole picture. They only discuss the percentage of orders that saw price improvement, and conveniently ignore the percentage of their orders that were dis-improved or had no improvement.
In contrast, our statistics are netted, showing the true bottom-line price improvement including, all improved, dis-improved and unimproved amounts. For clients who want even more control of their orders, TWS clients can specify stock and options smart routing strategies for non-marketable orders.
For stocks, clients with the Cost Plus pricing structure can elect to have their non-marketable orders routed to:. For options, clients can choose to send their non-marketable Smart routed orders to the exchange offering the highest rebate. These routing directives can be set on a per-order basis from the "Misc" tab of the Order Ticket, or as a global default setting from the Smart Routing configuration page. Compare Broker Costs and Price Execution. Low Cost Read More.
Best Price Execution Read More. Unlike smart routers from other online brokers, IB SmartRouting never routes and forgets about your order. It continuously evaluates fast changing market conditions and dynamically re-routes all or parts of your order seeking to achieve optimal execution and maximize your rebate.
IB SmartRouting represents each leg of a spread order independently and submits each leg at the best possible venue. To help provide price improvement on large volume and block orders and take advantage of hidden institutional order flows that may not be available at exchanges, IB includes eight dark pools in its SmartRouting logic. The exchange with the highest rebate.
The listing exchange on the symbol. The highest volume exchange that has a rebate for adding liquidity. The highest volume exchange that charges the lowest fee for taking liquidity.
Interactive Brokers earned a 4. According to Barron's Online Broker Survey Rates were obtained on November 2, from each firm's website, and are subject to change without notice.
The IB equity and futures commission rates shown are the average of the client commissions for trades executed in October and are subject to minimums and maximums as shown on the IB website. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Services vary by firm. IB calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website.
For additional information, see ibkr. Under some commission plans, overnight carrying fees may apply. Options and futures are risky and are not suitable for all investors. IB executions have outperformed the industry as a whole Nine Straight Years - through based on independent measurements by the Transaction Auditing Group, Inc.
Price Improvement for each period is as follows: Equities cents per shares Options cents per contract 2nd half 35 57 1st half 47 53 2nd half 42 60 1st half 53 22 2nd half 42 60 1st half 28 53 2nd half 30 21 1st half 38 20 2nd half 30 21 1st half 33 19 2nd half 41 24 1st half 20 21 2nd half 23 20 1st half 14 17 2nd half 8 50 1st half 9 38 2nd half 10 27 1st half 09 25 2nd half 06 24 1st half 05 View IB's Commission Rates.
Equities cents per shares.More...