Fees
- Click Menu in the top left corner > Administration & Tools > Fees & Invoicing > Fees
- The display selector will open on the right hand side.
- To sort the list by any column heading, click the arrow next to that heading.
- Select an account to view the current fees.
- Click the pencil edit icon in the top right corner to make changes.
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Use the Fee Strategy drop-down to determine whether or not to charge fees and whether or not you are already charging fees outside of IBKR.
Five fee choices appear.
- Annualized Percentage of Net Liquidation: You may select one of two Types: Blended or Fixed. To apply a Fixed percentage fee, choose the frequency of calculation to enter a percentage value. To apply a Blended fee, select the frequency of calculation and, if you wish, set different percentage fees for different levels of NAV.
- Percentage of Net Liquidation: - End of Month/Quarter Billing:
- End of Month/Quarter fee is calculated by using the End of Month/Quarter Net liquidation Value, the rate and the number of business days in a particular period.
- Clients will be charged for number of business days in a period for which the fee configuration was enabled.
- Clients will not be charged if funds are withdrawn on the last business day of the period.
- Fees will be charged for first U.S. business day of the month.
- Formula:
- (Last Business Day of Month/Quarter NLV amount * Rate) / (Number of business days per year / Number of Fee Days)
- Number of business days per year set as 252
- Number of Fee Days is the number of business days in a period for which the fee configuration was enabled.
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Annualized Flat Fee: When charging a flat fee, select the time period for which it will be charged and enter a dollar value in the Amount field.
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Percentage of P&L: Fees that are derived as a percentage of a client’s profits are also called Performance Fees. Set the percentage and, if you wish, a Performance Threshold, either fixed or relative to a listed benchmark, and/or a High-Water Mark.
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Invoicing: When invoicing choose either monthly or quarterly billing periods, and set a maximum fee as a percentage of net liquidation value.
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Fee Per Trade Unit: For FX, Futures Options, Futures and Single Stock Futures you can choose to charge per trade unit. Click on a category and select from the products displayed.
Note: Fee per trade unit is not available for US or US protectorate legal residents due to regulatory restrictions, with the exception of US commodity-registered advisors, who are allowed a per-trade schedule for futures. For more information on configuring markups, please click here.
- Enter client fee amounts and select invoicing caps as you wish. For details on client fees, see Overview of Advisor Client Fees.
- For automatic invoicing, enter the maximum invoice amount in the Amount field, enter a maximum percentage of Net Asset Value (percentage cap) that will be listed in the Cap field, and choose between monthly and quarterly billing. If you set both a maximum amount and a percentage cap, we will apply the lower of the two. To learn how much you can deduct from a client, select Fees > Invoicing and review the Available Fees column. For more detail about automatic invoicing, see Overview of Advisor Client Fees.
- To assign all commissions for a client account to your Advisor account, click the Commissions toggle buttons. If your Master account balance is under $1000 when the commissions need to be posted they will be charged to your client’s account.
- By default, minimum monthly fees, IRA account fees and market data / research fees are charged to client accounts. To charge these fees to your Advisor account instead, click the Other Fees toggle buttons.
- Expand and collapse each section as needed to set fees per trade for each product and currency relevant to you, as described below:
- To set a ticket charge, enter the amount. Remember that you cannot enter both a minimum fee per trade AND a ticket charge for the same product or currency.
- To set a minimum fee per trade, enter the amount in the Min field. Remember that you can set a minimum for all products and currencies.
- To set a maximum fee per trade enter the amount in the Max field. Remember that you can set a maximum fee for all products and currencies. Check the box under the Max column to calculate the maximum per-order fee as a percentage of trade value.
- To set an Absolute Markup, enter an amount in the Absolute Markup field (for $1.00, enter 1.00, and so on.) If you set an Absolute Markup you cannot also set a Percent Markup. Note that the markup fee is in addition to our commission.
- To set a markup percentage, enter the percentage as a whole number (i.e. 100 means 100%). If you set a markup percentage, you cannot also set an Absolute Markup or Absolute Amount. Note again that the markup fee is in addition to our commission.
- To set absolute fees in a tiered schedule by volume level (“Absolute Tiered Commissions”), enter a fee amount for each tier (Fee#1, Fee#2 and Fee#3 fields) AND a volume level at which that tier’s fee will change (Vol#1, Vol#2 and Vol#3 fields). You must enter absolute fees in the unit specified in the Unit column, e.g. if the Unit column displays a percent sign (%), enter a percentage, NOT an absolute dollar amount; and if the Unit column displays a dollar sign ($), enter an absolute dollar amount, NOT a percentage.
For example, to charge 0.4% for up to 500 shares, 0.3% for up to 1,000 shares and 0.2% for more than 1,000 shares of GBP stocks, enter:
0.4 in the Fee#1 field and 500 in the Vol#1 field
0.3 in the Fee#2 field and 1000 in the Vol#2 field
0.2 in the Fee#3 field (in this example you leave the Vol#3 field blank)
Very small numbers may be displayed in E notation.
Note: Absolute Tiered Commissions include our commission.
- To include all regulatory and exchange fees in an Absolute Tiered Commission schedule, check the box in each relevant product and currency.
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The Effective Date configuration will allow fees which are consented to by clients to become effective at a future date.
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Fee configurations are effective starting effective date
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If the account opening date is after the effective date, the fee configurations are effective 1 day after the open date.
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If the request approval date is after the effective date, the fee configurations are effective 1 day after the request approval date.
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Fee computations will not exist until effective Date (based on above bullet points) & the account is funded.
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