Skip to main content

Commissions


Stocks and ETFs

Online Trades $0.005 per share1, 2, 3, 4
Minimum $5.00
Maximum 1.0% of trade value
Interactive Brokers Pass-through Fees + $25.00 (n/a)
  1. Plus, the applicable exchange, ECN and/or specialist fees based on execution venue. For orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee will be added.
  2. Transaction fees are only charged for sell orders. They are equal to 0.0000218 × Value of Aggregate Sales.
  3. FINRA Trading Activity Fee equal to 0.000119 × Quantity Sold
  4. Other Market Data fees may apply. See Market Data Fees on the InteractiveBrokers website for more details.
  5. In addition to these Zions Direct fees, Interactive Brokers charges up to an additional 1 year of the trade value. Interactive Brokers Maximum 1% of Trade Value.

Options

Online Trades $1.00 per contract1, 2, 3, 4
Minimum $5.00
   
  1. Plus, the applicable exchange, ECN and/or specialist fees based on execution venue. For orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee will be added.
  2. Transaction fees are only charged for sell orders. Equal to 0.0000218 × Value of Aggregate Sales.
  3. FINRA Trading Activity Fee equal to 0.000119 × Quantity Sold.
  4. Other Market Data fees may apply. See Market Data Fees on the InteractiveBrokers website for more details.

Commissions are not charged for US exercise and assignment.

Order minimums will be applied to the individual legs of a COMBO order.


Fixed Income

Corporates and Municipal Bonds

Trade Amounts Commissions Minimum
<= $10,000.00 $1,00 per bond1, 2 $5.00
> $10,000.00 $0.50 per bond1, 2  
  1. Commissions are tiered. For example, for US corporate and muni bonds, the first 10K in face value is charged @ 0.1% and any remaining principal over 10K is charged at 0.05%
  2. Other Market Data fees may apply. See Market Data Fees on the InteractiveBrokers website for more details.

Treasuries

Please call for best commision rate.2

Trade Amounts Commissions Minimum Maximum
<= $1,000,000 .00025 × Face Value1 $5.00 None
> $1,000,000 .00005 × Face Value1 $5.00 None
  1. Other Market Data fees may apply. See Market Data Fees on the InteractiveBrokers website for more details.
  2. This rate is only available if order is placed with a Zions Direct representative. To talk to a representative, please call 1800-524-8875. Otherwise, online orders will be charged at the rates described under the Corporate and Municipal Bonds section.

Mutual Funds

  Online Trades
No Transaction Fee Fund1 0.00
Transaction Fee1 $19.95
  1. Other Market Data fees may apply. See Market Data Fees on the InteractiveBrokers website for more details.

Minimum size on initial fund order varies by fund manager, subsequent minimum order size is $100. See Required Minimums on the InteractiveBrokers website for more details.

Monthly Activity

We require that each account generate a minimum of commissions per month. Accounts generating commissions less than the minimum as stated below in any given month will be assessed the difference as a monthly activity fee (Activity Fee = Minimum Required Monthly Commission — Actual Monthly Commission). Please note that the monthly activity fee is based on commissions only, and does not include fees related to third-party assessments such as market data subscriptions or order modification/cancellation fees.

In addition to monthly fee minimums, we pass through market data fees from the exchanges for any real-time market data service in which a client subscribes. Clients choosing to subscribe to US non-professional real-time market data will have the $10 (or non-USD equivalent) monthly market data subscription fee waived if they spend $30 (or USD equivalent) or more in commission for the month.


Single Accounts, Individuals and Small Businesses

Monthly Activity Fee1

Monthly Activity Fee = 0 if monthly commissions are equal to at least $10.

If monthly commissions are less than $10, Standard Activity Fee = $10 minus commissions.

Activity Fee Example

Monthly commissions = $6

Standard Activity Fee = $10 minus $6

Standard Activity Fee = $4

Waiver

The first three full calendar months2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)


Client is Age 25 or Under

Monthly Activity Fee1

Monthly Activity Fee = 0 if monthly commissions are equal to at least $3.

If monthly commissions are less than $3, Activity Fee = $3 minus commissions.

Activity Fee Example

Monthly commissions = $1.25

Activity Fee = $3 minus $1.25

Activity Fee = $1.75

Waiver

The first three full calendar months2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)


UGMA/UTMA Accounts

Monthly Activity Fee1

Monthly Activity Fee = 0 if monthly commissions are equal to at least $10.

If monthly commissions are less than $10, Standard Activity Fee = $3.

Activity Fee Example

Monthly commissions = $5

Standard Activity Fee = $5 minus $3

Standard Activity Fee = $2

Waiver

The first three full calendar months2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)


Linked Accounts

Monthly Activity Fee1

Monthly Activity Fee = 0 if consolidated monthly commissions are at least equal to (number of accounts x $10).

Activity Fee Example

Advisor has 12 sub accounts, number of Accounts = 12

Monthly consolidated commissions minimum requirement is 12 times $10 = $120

If the monthly consolidated commissions are less thanthe required minimum, an activity fee is charged on an account-by-account basis using the Standard Activity Fee calculation described above.

Waiver

If after performing the consolidated calculation, it is determined that fee must be charged on an account-by-account basis, then the following waivers will be applied to each client account: The first three full calendar months2

or,

Accounts whose Net Liquidation Value >= $100,000 (or non-USD equivalent)


  1. The non-USD equivalent for all USD values is also acceptable.
  2. The waiver will be applicable for the first three full calendar months after initial account funding, regardless of whether such funding amount meets the minimum deposit required to open an account.

Margin Rates

Call for current margin rates.

FDIC Sweep Product

The current rate on the FDIC sweep product as of 3/20/2020 is 0.08%*

*Rate is subject to change.

Withdrawals

IB allows one free withdrawal request per calendar month. After the first withdrawal (of any kind), IB will charge the fees listed below for any subsequent withdrawal:

Wires $10.00
Checks $4.00
ACH/EFT $1.00

IB 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 IB withdrawal fees, may be deducted from wire proceeds.

DTC Position Transfers

ACATS Deposit or Withdrawal No Fee1
DWAC Deposit or Withdrawal $100 per settled transaction
DRS Deposit $25 per settled transaction; $100 per rejected transaction
DRS Withdrawal $5 per settled transaction; no fee for rejected transaction

While IB 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.

Miscellanous Fees

Stop Payment of Check $50.00
Bounced Checks $25.00
Quarterly IRA Fee $7.50

IB 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 IB withdrawal fees, may be deducted from wire proceeds. See Other Fees on the InteractiveBrokers website for more details.