Products

Products

Trade stocks, options, futures, forex, bonds, ETFs, CFDs and more from a single IB Universal Account™.
Investing in stocks

Stocks

Consider the following advantages of trading stocks at Interactive Brokers:
  • Commissions as low as $0.005 per US share all-in.
  • Earn extra income on the fully-paid shares of stock held in your account by joining IB's Stock Yield Enhancement Program.
  • View the number of shares that are available to short, as well as the current interest rate charged on borrowed shares and the current Fed Funds rate in Trader Workstation (TWS), or use our Short Stock Availability Tool, a fully electronic, self-service utility, to search for real-time availability of shortable stocks.
  • Use a variety of specialized stock trading tools in Trader Workstation, such as the Accumulate/Distribute algo and ISW (Integrated Stock Window), to help achieve best execution on large volume orders, and provide quick access and comprehensive stock order management.
  • Trade large or complex orders with the help of an experienced broker at our Stocks and Options Trade Desk. Each broker on our trade desk has over 15 years trading experience, and will strive to get the best possible execution for your trades.
Call options

Options

Interactive Brokers has its roots in options trading going back 40 years. Our sophisticated trading technology is built by professionals for professionals, and offers significant benefits to options traders who are serious about their results.

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  • Commissions as low as $0.15 - $0.70 per US options contract.
  • Create sophisticated trading strategies with OptionTrader, our proprietary tool for executing speculative trades or building complex, multi-leg orders to hedge a position.
  • T+2 accelerated stock settlement supports the purchasing of new shares to cover assigned options, thereby avoiding a potentially higher tax liability.
  • Take advantage of Trader Workstation's real-time technical, fundamental and price/risk analysis tools. Trade large or complex orders with the help of an experienced broker at our Stocks and Options Trade Desk. Each broker on our trade desk has over 15 years trading experience, and will strive to get the best possible execution for your trades.

Our Option Lab and advanced trading tools help you discover and implement optimal trading strategies:

  • Options Analytics lets you manipulate key option pricing criteria - including price, time and implied volatility - and visualize the impact on premiums.
  • The Options Portfolio algorithm analyzes the risk/return profile of multiple options trading strategies to deliver low-cost trading solutions.
  • Options Strategy Lab helps generate potentially profitable stock and option combinations, based on your forecast for stock and ETF prices, market volatility and other market variables. Download our free Options Pricing Calculator and Options Strategies widgets to help with everyday trading tasks.
  • Probability Lab offers a practical way to think about options without the complicated mathematics, and the Option Strategy Lab lets you create simple and complex multi-leg option orders based on your own price and volatility forecast.
Commodities futures

Futures and FOPs

Trade futures, commodities and futures options on more than market centers worldwide.

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  • Our volume tiered pricing structure saves volume traders additional cost, with commission typically within the range of USD 0.25 - 0.85 per contract based on monthly trading volume, plus exchange, regulatory and carrying fees.
  • Hedge a position or speculate on price movements in more than 30 financial markets in North America, Europe and Asia.
  • Take advantage of Trader Workstation's real-time technical, fundamental and price/risk analysis tools.

Use Trader Workstation's advanced trading tools, including:

  • SpreadTrader, which lets you easily create combo orders and spreads from among 18 predefined strategies, or create your own leg-by-leg positions;
  • ComboTrader, which lets you create unique combination orders manually leg by leg, or create complex combination orders using named strategy templates; and
  • Index Arbitrage Meter, which shows you the extent of the premium (or discount) of the lead month futures price above (or below) its fair future value with respect to the index price.
forex

Spot Forex

No hidden price spreads, no markups, just transparent low commissions.

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  • Direct access to interbank quotes.
  • Commissions as low as 0.08 to 0.20 basis points * Trade Size.
  • ECN-like market structure.
  • Currency Conversion and Cash Forex allow you to convert currencies and/or trade currencies with leverage.
  • Multi-asset display.
  • Automatic overnight position rolls.
  • 22 trading currencies.
  • Trade forex markets in our optimized FXTrader.
  • Learn about the reduced cost of carry opportunities with IB's FX Auto Swap Program.
cfd

Contracts for Difference (CFDs)

We offer three kinds of CFDs: IB Share CFDs, IB Index CFDs and IB Forex CFDs.

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IB Share CFDs

In addition to the potential tax benefits, trading CFDs through IB offers the following benefits:

  • Transparent, low commissions and financing rates.
  • Trade CFDs alongside the underlying shares.
  • Margin efficiency.
  • Efficient CFD reference pricing.

IB Index CFDs

IB Index CFDs present an opportunity to gain broad market exposure more easily than with many other instruments.

  • Flexible exposure to global markets.
  • Low commissions & financing rates.
  • Transparent quotes.

IB Forex CFDs

  • Direct access to interbank quotes.
  • Commissions as low as 0.08 to 0.20 basis points * Trade Size.
  • Automatic overnight position rolls.
Corporate securities and bonds

Bonds

Interactive Brokers offers electronic access to US and European corporate bonds, US government securities, US Municipal bonds, non-US Sovereign bonds in Asia and Europe, fixed income futures and fixed income options, all from a single account.

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  • Multiple fixed income instruments.
  • Client bond quotes for trading in TWS.
  • Comparable bonds all in one place.
  • US corporate bonds scanner.
  • Smartest routing with multiple bond market centers.
  • Submit corporate and municipal bond RFQs.
ETF (exchange traded funds)

Exchange Traded Funds (ETFs)

Diversify your IB portfolio with ETFs.
  • Take advantage of short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS) just like stocks.
  • Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs and leveraged ETFs.
  • Take advantage of greater liquidity through hands-on trading like a stock.
  • ETFs are supported in options trading and short selling.
  • Enjoy greater transparency through daily reporting of the ETF's holdings.

ETFs vs Mutual Funds

Benefit ETFs Mutual Funds
Diversification
Active fund management
Lower expense ratios
Hands-on intraday trading
Financial transparency Portfolio Holding
Reported Daily		 Portfolio Holding Reported
Semiannually or Quarterly
Options trading
Stagnant index
Short selling
Time control
Dividends reinvested automatically
No load mutual funds

Mutual Funds

US Mutual Funds

Our direct, low-cost policy allows us to offer mutual funds.
We do not currently offer any mutual funds that include a front-end sales charge.

View All US Mutual Funds


  • Your funds' value will be included as equity with loan value.
  • Invest in more than 10,400 funds from over 210 families of mutual funds.
  • We offer over 4,500 funds with No Transaction Fees.
  • Most of IB's mutual funds are no-load.
  • Active, professional fund management.
  • Electronic-only prospectus delivery.
  • Automatic dividend reinvestment.
  • Unlike other market offered products, orders for mutual funds are submitted and collected during the trading day, and then submitted to the fund company at the close of New York trading. The fund companies then collect all orders from all brokers and determine a price for the day which is communicated back to the brokers. Clients seeking a transparent market environment with real-time price updates may want to consider trading ETFs as an alternative.

Offshore Mutual Funds

Our non-US customers can invest in offshore mutual funds and enjoy increased access to global markets,
greater diversification, and lower operating costs and management fees.

View All Global Mutual Funds


  • All funds are denominated in US dollars.
  • Be sure to check a fund's Offering Statement/Prospectus for important residency requirements.
  • Trade settlement is T+3.
  • Fund values are included as Equity with Loan Value when held over 30 days.
  • Automatic dividend and capital gains reinvestment.
  • Electronic-only prospectus delivery.

Offshore funds are not available to U.S. and Canadian clients.

metals

Metals

Trading IB Spot Gold and IB Spot Silver gives you access to the London bullion market, which is the center for the international over-the-counter (OTC) market for gold and silver.

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  • Low, transparent commissions and financing rates.
  • Efficient pricing in accessible quantities.
  • Trade IB spot gold and IB spot silver alongside gold futures.
  • Leveraged exposure.
spreads and combinations

Spreads and Combinations

Whether you're trading pairs (stock-stock), option and stock combinations, straight option combinations, ETF and future combinations, or futures spreads, IB makes it easy.
  • IB ComboTrader lets you choose from a selection of predefined combinations or create any customized combination of unlimited legs.
  • IB SpreadTrader lets you instantly view and trade futures calendar spreads.
  • Delta Neutral combinations are automatically computed.
  • IB Risk Navigator displays real-time value at risk (VAR) on all positions across asset classes.
  • IB ScaleTrader lets you set up and monitor large volume scale trades for stock-stock pairs and multi-leg combos.

For more information on these and other Trader Workstation features, see our Desktop Trading page.

hedge funds

Hedge Fund Investing

Interactive Brokers clients who are Accredited Investors or Qualified Purchasers under SEC rules can view information about independent Hedge Funds available through IB's online Hedge Fund Marketplace, part of the Investors' Marketplace.

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  • Browse and invest in participating Hedge Funds from qualified third-party managers through a secure, password-protected area on our website.
  • Contact the Fund management company or request that the Fund contact you.
  • View and download basic information about participating Funds, including documentation, private placement memoranda and subscription information.
EFP

Exchange for Physicals (EFPs)

An Exchange for Physical (EFP) is a transaction in which you sell stock and buy it back for future delivery by buying a Single Stock Future (SSF), or you buy the stock and sell the SSF.

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  • Swap a long or short stock position for a Single Stock Future (SSF), combining the two legs into one EFP transaction.
  • Increased leverage; SSFs have only a 20% margin requirement.
  • Sell SSFs short on a downtick.

IB Asset Management
Smart Beta Portfolios combine the benefits of actively managed fund stock selection techniques with passive ETF low cost automation to provide broad market exposure and potentially higher returns.

All of IB Asset Management's Smart Beta Portfolios feature:

  • Lower costs, including industry-low brokerage commissions and a low management fee of 0.08%;
  • Automated investing based on active management stock selection techniques that seek to outperform passive benchmarks over a long period;
  • Diversification even with a small investment, using fractional shares;
  • Automatic rebalancing to maintain each portfolio's optimal strategic composition;
  • Ease of buying and selling, just like stocks, because investors own the portfolio securities directly, unlike owning an ETF or mutual fund.

Get started.

Smart Beta Portfolios are available to IB clients as well as Advisor clients, who can now pass these benefits along to their clients by connecting those clients to IB Asset Management.
For Advisors
FOR CLIENTS
See how IB Asset Management Smart Beta portfolios compare to ETFs and active mutual funds.
View Comparison
View the benefits of IB Asset Management Smart Beta portfolios.
View Benefits
Learn more about IB Asset Management Smart Beta Portfolios at ibkram.com
Indices

Indices

IB offers many commonly-used market index products as well as exchange-traded index futures around the world.
  • Monitor key market movements over time by displaying and charting indices in TWS.
  • Create continuous charts for index futures and index options.
  • Compare the performance of your portfolio to selected indices using PortfolioAnalyst, our online reporting and analysis tool.
  • Use as a reference for trading products such as ETFs, options and futures.