Commissions

Options - Asia-Pacific Pricing Structure



Australia
Commissions Minimum Per Order
Index options (ASX) AUD 2.00 per contract 1 AUD 2.00
Stock Options AUD 0.30 per contract 1 AUD 2.00

1 ASX-listed Contract = AUD 2.00


Hong Kong
Commissions Minimum Per Order
Index Options HKD 30.00 per contract HKD 30.00
Stock Options 2
SEHK Tier II Options 5 0.2% of option value + exchange fee of HKD 1.00per contract HKD 18.00
SEHK Tier III Options5 0.2% of option value + exchange fee of HKD 0.50per contract HKD 18.00
All other stock options 0.2% of option value + exchange fee of HKD 3.00per contract HKD 18.00
HHI HKD 20.00 per contract HKD 20.00
MHI HKD 17.00 per contract HKD 17.00

1 Contract = HKD 30.00
1 Contract @ HKD 0.23 Premium (500 Multiplier) = HKD 21
2 Contracts @ HKD 0.14 Premium (1,000 Multiplier) = HKD 20


Japan
Commissions Minimum
N225 Options (weekly and monthly) 3 12bps per Trade Value plus external fees JPY 100 per order
Stock Options (TSEJ) 4 JPY 90 per contract JPY 90 per contract

1 Stock Option (TSEJ) Contract = YEN 90


Singapore
Commissions Minimum
NIFTY USD 2.85 per contract USD 2.85
SGD-denominated options SGD 5.00 per contract SGD 5.00

1 Option (NIFTY) Contract = USD 2.85


South Korea
Commissions Minimum Per Order
All 0.2% of option value KRW 1,000

10 Contracts @ KRW 0.75 Premium (100,000 Multiplier) = KRW 1,500


India 6 - (Plus Securities Transaction Tax, Exchange Charges, and Service Tax)
Commissions Minimum Per Order
Stock Options - Cost Plus
INR 25 per board lot None
Stock Options - Cost Plus Tiered
=< 1000 board lots INR 30 per board lot None
1000 - 5000 board lots INR 25 per board lot None
> 5000 board lots INR 20 per board lot None
Index Options - Cost Plus
INR 15 per board lot None
Index Options - Cost Plus Tiered
=< 1000 board lots INR 15 per board lot None
1000 - 5000 board lots INR 12 per board lot None
> 5000 board lots INR 10 per board lot None

1 Stock Option board lot (Tiered pricing model) = INR 25


Notes:

  1. The cost for exercise/assignments of ASX options will be 0.275 per contract for stock options and 0.75 per contract for index options.
  2. For all exercise and assignments standard stock commissions apply plus Stock Exchange Options Clearing House (SEOCH) fee of HKD 2.00 per contract.
  3. The cost of an exercise or assignment of the monthly Nikkei contract is 6 bps with a maximum of JPY 420 per contract for both Tiered Fixed and Tiered Volume Incentive models. The cost of an exercise or assignment of the weekly Nikkei contract is 130 JPY for both Tiered Fixed and Tiered Volume Incentive models.
  4. Introductory rate. This rate is subject to change.
  5. Tier II stock options are options on the following underlying symbols: 3, 11, 66, 135, 267, 293, 358, 386, 388, 489, 494, 700 (TCH only), 762, 857, 902, 914, 992, 1211, 1339, 1359, 1800, 1928, 1988, 2318, 2319, 2388, 2800, 3323, 3888, 3968, 6030.
    Tier III stock options are options on the following underlying symbols: 17, 23, 151, 330, 390, 728, 883,939, 998, 1088, 1171, 1186, 1398, 1880, 1898, 1919, 2038, 2282, 2333, 2600, 2777, 2888, 2899, 3328, 3800, 3988.
  6. Volume tiers are applied based on monthly cumulative trade volume summed across all option contracts at the time of the trade. Only contracts that are traded while under the tiered pricing structure will count towards the monthly volume.
  7. IB's commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IB’s commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IB may be less than the rebates IB receives from the relevant market.
  • Commissions apply to all order types.
  • All exchange and regulatory fees included except for Hong Kong stock options.
  • Commissions are not charged for exercise and assignment, except in Australia.
  • Cost-Plus Tiered pricing available for index options. See futures commissions for more information.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.