IBKR: split conversions and minimum fees
Two small orders can incur two minimums; separate fee arithmetic from market-timing advice.
Minimum per order
Tier I spot pricing has a USD 2 minimum per order. Monthly traded value sets the tier, but does not turn all monthly orders into one shared minimum. This is the UK-route direct-client schedule; advisor/IB charges can be added.
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Diagram explained
Same total need not mean same minimum fees
- One USD 10,000 order → USD 2 minimum
- Two USD 5,000 orders → USD 2 + 2
- FX timing and settlement not compared
Equal-total example
Assume USD 10,000 equivalent: one order’s USD 0.20 proportional fee becomes USD 2. Two USD 5,000 orders each meet the USD 2 minimum, giving USD 4 before other costs.
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Not a batching recommendation
Batching can change exchange timing, settlement needs and idle cash. This isolates only minimums; auto-conversion has another basis and may not be available for the same operation.
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Reconcile afterwards
Record order IDs, converted values, commission and fee currency. Withdrawals are not spot orders and use another schedule. Confirm account/affiliate permissions rather than inferring them from access to UK pricing.
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