A $ USD fee per day that there are trade breaks (where client or broker reporting is either missing or not matching). External clearing fees + regulatory fees are USD /contract. Interactive Brokers does not accept away executions in Bitcoin futures, however they can Futures / Futures Options: Charged the standard futures or futures options commission at expiration of the contract. The Interactive Brokers Platform. First thing’s first. Interactive Brokers provides the lowest fee schedule in the market, which is of utmost interest to anyone reading this, aside from bitcoin futures-only traders where the fees are sort of rubbish. Interactive brokers Bitcoin futures fees (often abbreviated BTC was the first lesson of what we call cryptocurrencies today, a growing asset class that shares few characteristics with traditional currencies leave out they are purely digital, and innovation and ownership verification is supported on affcrypto.delly the grammatical.
Interactive brokers bitcoin futures feesTrade CME and CBOE bitcoin futures with Interactive Brokers
For information on our Pre-borrow program, please click here. For information on this fee, please click here. Customers with an RSP account will be responsible for a This fee is charged to the account at the beginning of each calendar quarter. The fees will be prorated upon account creation. The costs are reflected below. Other Fees. Trading Read More. Cash Movements Read More. Security Transfer Fees Read More. Prime Brokerage Read More. Stock Loan Read More. Notes: IBKR imposes a submission deadline for corporate actions, after which we do not guarantee to accept your request.
If we do accept your request after the submission deadline has passed, you will be charged a fee of AUD for each such request, regardless of the outcome of the corporate action.
As with all corporate actions, the issuer has the sole discretion to accept, reduce or reject your request. Notes: IBKR does not charge an option exercise or assignment fee. Certain transactions are subject to the standard commissions for the applicable product. The transaction fees listed represent allocations of costs charged to IBKR by third-parties. Notes: Unless otherwise specified, the per-order fee applies to both order cancellations and modifications.
Execution credits are applied against cancel or modify fees for the day. If a non-member customer responsible for entering an order that results in a trade bust fails to pay the fee in accordance with this section, the clearing member carrying the customer's account shall be responsible for payment of the fee. Additional information regarding this policy can be found on this page. Clearly Erroneous Rule changes effective October 5, , can be found here.
For a list of fees, click here. Notes: Telephone orders are only allowed for closing orders, and the stated fee is in addition to all regular commission fees. Fees will be waived in the case of IBKR technology problems. Transfer from client beneficiary account to personal demat account and vice versa. Transfer from personal demat account to demat account held with another broker.
Notes: IBKR withdrawal fees do not cover third-party fees. The account holder will be solely responsible for any fees assessed by a beneficiary or correspondent bank. In addition, processing fees charged by your bank or its correspondent bank, which are not included in IBKR withdrawal fees, may be deducted from wire proceeds. Notes: Please be aware that it is against Interactive Brokers policy to accept physical currency cash deposits.
Please make all deposits to your IBKR account by wire transfer, check, direct bank transfer ACH , or via one of the other methods described in the Funding Reference page. Notes: While IBKR does not charge for incoming or outgoing ACATS transfers, customers should consult with their sending or receiving firm to determine if there will be any applicable fees for the transfers.
Notes: Volume tiers are applied based on monthly cumulative prime brokerage trade volume summed across all US and Canadian stock and ETF shares at the time of the trade.
Trades where the commission cap is applied do not count towards the monthly volume tiers. Value tiers are applied based on monthly cumulative prime brokerage trade volume summed across all stock, warrants and ETF shares.
This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Share or contract volumes for advisor, institution, and broker accounts are summed across all accounts for the purpose of determining volume breaks. Of course, if you do plan to use interactive brokers, you best be ready for the trader workstation, the Moby Dick of online platforms, with people spending a lifetime on an obsessive quest to master it.
First things first. Few things jump right out. For those planning to go short, we have no idea what the deal is with the crazy margin going on here. It might be, in retrospect, that IB was concerned that large traders would manipulate the market by buying massive amounts of bitcoin pre-launch, shorting the futures markets, and then crashing the market by dumping all their bitcoin.
I guess our point is — if you are interested in longing bitcoin futures only — then Interactive Brokers is a suitable choice despite higher fees, thanks to the lowest margin requirements amongst its direct competition. Interactive Brokers provides the lowest fee schedule in the market, which is of utmost interest to anyone reading this, aside from bitcoin futures-only traders where the fees are sort of rubbish.
So it is not really close on the fees — which makes one wonder why bitcoin futures are priced so highly above the rest of the market, but we digress. The Trader Workstation services a global clientele, and so the platform is directly connected to multiple global exchanges and offers tons and tons of international instruments — which is great if you trade the international markets, but the various similar symbols can get a bit overwhelming.
I compared this to the competition, and this is well more than offered anywhere else. There are about different technical indicators, which is more than someone like me could ever hope to use, but substantially trails competitors like Ameritrade. Multiple trading platforms may be plugged in using Interactive Brokers robust API, and we found that many traders prefer trading Interactive Brokers via NinjaTrader which is compatible.
Traders may easily monitor existing positions, or open new ones, using adequate mobile apps on iOS or Android devices. To be frank, if you are a beginner you should probably be using a different platform anyway, and support sort of amplifies this sentiment. Yes, this is sort of the reason we are reviewing interactive brokers to begin with, but it is clear to us that there are better options within this specific niche.
The fees are the highest in this market, and shorters are required to hold substantially more account equity than the nominal position.