Contracts for Difference (CFDs)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

61.0% of retail investor accounts lose money when trading CFDs with IBKR.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Products

Trade Contract for Difference (CFDs)

The IBKR Advantage

  • Transparent, low commissions and financing rates
  • Trade CFD Shares, Index, Metals and Forex
  • Margin requirements generally more favorable than those of shares

Key Information Documents for IBUK CFDs (KID)


IB Share CFDs

Over 8,500 Share CFDs available to trade globally.

Additional benefits include:

Transparent, Low Commissions and Financing Rates

Commissions start at 0.5 cents per US share and 0.05% on all other share CFDs, with lower rates available for active traders. Overnight financing charges start at benchmark +/-1.5%, with lower spreads available for larger balances. You will find these rates highly competitive. In addition, UK Stamp Duty, French FTT and Spanish FTT are not payable for CFD transactions.

View CFDs Commissions

Trade CFDs on Restricted US ETFs

A Key Information Document is required for European retail investors, which US ETF issuers do not provide. As a consequence, US ETFs cannot be traded by EEA and UK residents. They can however be traded as CFDs.

Margin Efficiency

CFD margin requirements are generally more favorable than stock margin requirements. Retail clients are subject to a minimum regulatory initial margin of 20%. Additional details are available in IBUK Margin Requirements.

Efficient CFD Reference Pricing

Share CFD pricing reflects the exchange-quoted price for the underlying share. IBKR uses its IB SmartRoutingSM technology to determine the CFD reference price. Clients can add quotes to the exchange book in the same way they would trading stocks because IBKR immediately matches all CFD orders with a hedge-order so that a non-marketable CFD order creates a matching non-marketable order for the underlying share on the exchange.

IBKR Share CFDs FAQs

FAQs: IBKR Share CFDs

IB Index and Metals CFDs

Gain broad market exposure more easily than with many other financial products. Additional benefits include:

Flexible Exposure to Global Markets

Index CFDs are available for all major equity market indices and precious metals (London Gold and Silver). Equity indices can be traded in lots as small as 1X the index level. Unlike the related futures, Index CFDs do not expire, saving rollover related costs and risks.

Transparent, Low Commissions and Financing Rates

Depending on the index, commission rates are only 0.005% - 0.01%. Commissions are only 0.015% for Gold and 0.03% for Silver. Overnight financing rates are just benchmark +/-1.5%. IBKR does not widen the spread of the related future or spot underlying like some other brokers. The Index CFD quotes accurately represent the spreads and price movements of the related future* or spot price, and there are no requotes.

Margin Efficiency

Index CFDs are margined at the same low rates as the related future, adjusted for contract size. Retail clients are subject to minimum regulatory margins of 5% or 10% depending on the index or metal.

IBKR Index and Metals CFDs FAQs

FAQs: IBKR Index CFDs

FAQs: IBKR Metals CFDs

*IB hedges all index CFD trades, and does not operate a dealing desk. Fills cannot be guaranteed in extreme markets.

Forex CFDs

Gain exposure to currencies more easily than with many other financial products. Additional benefits include:

Direct Access to Interbank Quotes

Real-time prices from 14 of the world's largest FX dealing banks, plus a transparent, low commission that avoids the conflict of interest of FX platforms which deal for their own account.

ECN-Like Market Structure

Our order book allows you to set orders away from or between the markets. Trade with other IBKR clients, as well as with the liquidity-providing banks.

IBKR Forex CFDs FAQs

FAQ: IBKR Forex CFDs

Automatic Overnight Position Rolls

For positions held overnight, IBKR applies a straightforward interest credit or charge based on the difference in the benchmark rates for the two currencies and a low IB spread.

FX Trader

Trade Forex CFDs in our optimized FXTrader, which includes real-time streaming quotes, up and down indicators, trading volumes, pending trades, executions, positions, and average price plus P&L.

CFD trading tools CFD trading tools

Powerful CFD Trading Tools

FXTrader

The FXTrader provides an optimized trading interface with IBKR-designed tools to trade the currency markets.

Trader Workstation (TWS)

Our flagship desktop platform designed for active traders and investors who trade multiple products and require power and flexibility.

IBKR Mobile

Easily trade and monitor your IBKR account on-the-go from your iOS or Android device (tablet or smartphone).

Contract for Difference (CFD) trading at IBKR

Start trading like a professional today!

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options".

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Cryptoassets are unregulated in the UK. Interactive Brokers (U.K) Limited ("IBUK") is registered with the Financial Conduct Authority as a cryptoassets firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

For a list of IBG memberships worldwide, see our exchange listings.