Commissions interactive brokers

• 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.

• Rates were obtained on January 15, 2019 from each firm’s website. Services vary by firms. 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. Supporting documentation for any claims and statistical information will be provided upon request.

• Low Cost Rated by Barron’s 17 Years Straight – Low cost broker 2002 through 2018 according to Barron’s online broker review. 2002 – 5 Stars, 2003 – 4.9 Stars, 2004 – 5 Stars, 2005 – 5 Stars, 2006 – 5 Stars, 2007 – 4.8 Stars, 2008 – 4.5 Stars, 2009 – 4.5 Stars, 2010 – 4.2 stars, 2011 – 4.5 stars, 2012 – 4.3 stars, 2013 – 4.5 stars, 2014 – 4.5 stars, 2015 – 4.5 stars, 2016 – 4.5 stars, 2017 – 4.5 stars, 2018 – 4.6 stars. Interactive Brokers earned a 4.6 star ranking in the March 26, 2018 Barron’s Annual Best Online Brokers – “All Together Now”. Criteria included Trade Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Education and Security, and Costs. Barron’s is a registered trademark of Dow Jones & Co. Inc.

Interactive Brokers ®, IB SM, InteractiveBrokers.com ®, Interactive Analytics ®, IB Options Analytics SM, IB SmartRouting SM, PortfolioAnalyst ®, IB Trader Workstation SM and One World, One Account SM are service marks and/or trademarks of Interactive Brokers LLC. Supporting documentation for any claims and statistical information will be provided upon request. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

Options involve risk and are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy call Interactive Brokers’ Client Services on 312-542-6901. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page – http://www.interactivebrokers.com/disclosures. Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment. For additional information regarding margin loan rates, see http://www.interactivebrokers.com/interest. Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, read the Security Futures Risk Disclosure Statement. For a copy visit http://www.interactivebrokers.com/disclosures. There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.