Notes/Legal Notes

Includes additional notes and legal statements pertaining to activity described on Activity Statements.

Notes

  1. The aim of this Aggregated Costs and Charges Statement is to give you an overview of the total actual costs and charges incurred regarding your investments in the previous year (“Statement”). These costs and charges are aggregated and expressed both as a cash amount and as a percentage. We are required to provide you with this statement by law.

  2. In addition to aggregated costs and charges, we provide you with an itemized breakdown of costs and charges in this Statement.

  3. This Statement also provides you with the inducement disclosure that we are required to provide to you by law.

  4. This Statement is available and can be downloaded at any time by logging in to the Client Portal.

  5. Product costs charged by the manufacturer and embedded in the product price are disclosed on a best-efforts basis in the “Financial Instruments Cost” section of the Statement. For the list of instruments where the product cost is incomplete, the financial instruments cost displayed is likely to be understated. The affected instruments are listed in the “Instruments for which embedded costs are not available” section of this Statement.  

  6. Please note that Total Investment Service and/or Ancillary Services Costs do not include implicit costs such as slippage costs. These can be viewed by using Transaction Cost Analysis Tool in Client Portal/Performance and Reports/Other Reports.  For more information see: https://www.ibkrguides.com/clientportal/performanceandstatements/transcost.htm

  7. Where you have agreed that that your advisor, broker or other agent (together “intermediary”)  is to receive a per-trade  fee, please note that the figures Total Investment Service and/or Ancillary Services Costs are gross amounts that include both our standard brokerage commission for the trade (published on our website), as well as your intermediary’s  per-trade fee.

  8. The costs and charges incurred are shown without VAT or other individually payable taxes such as capital gains tax.

  9. The incurred costs and charges are preceded by a ‘-‘(minus) to show that these costs and charges have already been charged to you. You don’t have any further paying obligation related to these costs. In addition, in the “Effect of Costs on Return” section of this Statement minus means negative return.

  10. Costs and charges are shown in the trading currency of your account and are charged in the trading currency, except that Forex Spot and FX CFD commissions are charged or converted to the base currency of the account.

  11. This Statement includes any currency conversion costs as part of the investment services cost/transaction cost. You can find detailed information about these costs in Client Portal/Performance and Reports/ Activity Statement / section “Trades/Forex”.

  12. The total charges deducted have an impact on your investment return throughout the year. In this Statement, you return figures are calculated based on Time Weighted Return (TWR) model, showing the effect costs and charges have on your investment when comparing your return before and after the deduction of costs. The ‘Cumulative effect of cost and charges on return’ illustration shows the [spikes and] fluctuations of costs and charges for the given year. While this Statement includes past performance information, it is not a guarantee of future results.

  13. The average investment value (Net Asset Value) of your account in the previous year is used in this Statement. 14.   

  14. This Statement is not marketing material.

Legal Notes

  1. Please promptly report any inaccuracy or discrepancy in this Aggregated Cost and Charges Statement to us.

  2. We may execute your trades through affiliates and/or third-party brokers who are members of the relevant exchange or market centre.

  3. We act as agent or riskless principal in foreign currency exchange transactions and CFDs. These transactions are executed against an IB affiliate, which acts as principal in such transactions and may have a long or short position and may have profited or lost in connection with the transaction.

  4. We routes orders in US products through IBLLC. IBLLC accepts liquidity rebates or other order flow payments from alternative trading systems, market makers and exchanges for certain orders in US stocks. IBLLC receives payment for some US option orders pursuant to exchange-mandated marketing fee programs or other arrangements.

  5. Please promptly notify us of any material change in your investment objectives or financial situation or circumstances.