IBKR Share 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.
Margin Rates & Financing
IBKR Share CFDs
NOTE: Starting August 1, 2018 an additional spread of 1% will be added to the rates below for clients classified as retail clients under MIFID.
| Balance Cutoffs | Contract Interest Charged/Paid on Open CFD Positions | |||||
|---|---|---|---|---|---|---|
| Currency | Position | Tier I | Tier II | Share CFDs Below Tier I | Share CFDs Between Tier I and Tier II |
Share CFDs Above Tier II |
| AUD | Long/Short 1 | 140,000 | 1,400,000 |
5.729% /
2.729% (BM +/- 1.5%) |
5.729% /
2.729% (BM +/- 1.5%) |
5.729% /
2.729% (BM +/- 1.5%) |
| BRL2 | Long/Short 1 | 500,000 | 5,000,000 |
12.65% /
8.15% (BM + 2%/-2.5%) |
12.4% /
8.65% (BM + 1.75%/-2.0%) |
12.15% /
9.15% (BM + 1.5%/-1.5%) |
| CHF | Long/Short 1 | 90,000 | 900,000 |
2.759% /
-0.241% (BM +/- 1.5%) |
2.259% /
0.259% (BM +/- 1%) |
1.759% /
0.759% (BM +/- .5%) |
| CZK | Long/Short 1 | N/A | N/A |
8.839% /
2.839% (BM +/- 3%) |
8.839% /
2.839% (BM +/- 3%) |
8.839% /
2.839% (BM +/- 3%) |
| DKK | Long/Short 1 | N/A | N/A |
5.015% /
2.015% (BM +/- 1.5%) |
5.015% /
2.015% (BM +/- 1.5%) |
5.015% /
2.015% (BM +/- 1.5%) |
| EUR | Long/Short 1 | 90,000 | 900,000 |
5.415% /
2.415% (BM +/- 1.5%) |
4.915% /
2.915% (BM +/- 1%) |
4.415% /
3.415% (BM +/- .5%) |
| GBP | Long/Short 1 | 80,000 | 800,000 |
6.67% /
3.67% (BM +/- 1.5%) |
6.17% /
4.17% (BM +/- 1%) |
5.67% /
4.67% (BM +/- .5%) |
| HKD | Long/Short 1 | 780,000 | 7,800,000 |
5.528% /
2.528% (BM +/- 1.5%) |
5.528% /
2.528% (BM +/- 1.5%) |
5.528% /
2.528% (BM +/- 1.5%) |
| JPY | Long/Short 1 | N/A | N/A |
1.502% /
-1.498% (BM +/- 1.5%) |
1.502% /
-1.498% (BM +/- 1.5%) |
1.502% /
-1.498% (BM +/- 1.5%) |
| NOK | Long/Short 1 | 900,000 | 9,000,000 |
5.911% /
2.911% (BM +/- 1.5%) |
5.411% /
3.411% (BM +/- 1%) |
4.911% /
3.911% (BM +/- .5%) |
| RUB | Long | N/A | N/A |
20.72% (BM + 5%) |
20.72% (BM + 5%) |
20.72% (BM + 5%) |
| SEK | Long/Short 1 | 900,000 | 9,000,000 |
5.283% /
2.283% (BM +/- 1.5%) |
4.783% /
2.783% (BM +/- 1%) |
4.283% /
3.283% (BM +/- .5%) |
| SGD | Long/Short 1 | 140,000 | 1,400,000 |
5.228% /
1.228% (BM +/- 2%) |
5.228% /
1.228% (BM +/- 2%) |
5.228% /
1.228% (BM +/- 2%) |
| USD | Long/Short 1 | 100,000 | 1,000,000 |
6.83% /
3.83% (BM +/- 1.5%) |
6.33% /
4.33% (BM +/- 1%) |
5.83% /
4.83% (BM +/- .5%) |
| ZAR | Long/Short 1 | 1,500,000 | 15,000,000 |
9.921% /
5.421% (BM + 2% / -2.5%) |
9.671% /
5.921% (BM +1.75% / -2%) |
9.421% /
6.421% (BM +1.5% / -1.5%) |
Stock Borrow Fee
An additional borrow charge is levied on short CFD Positions, determined for each stock individually based on market borrow rates. IBKR will provide non-binding, indicative borrow rates to clients. Borrow rates may change without notice over the life of the short position based on market conditions.
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Open an AccountDisclosures
- For long open positions, your account will be charged interest. For short open positions, your account will generally be paid interest, except in cases where the contract interest rate is negative. When the rate is negative, your account will be charged interest.
- The benchmark is Brazil CETIP DI Interbank Deposit Rate. The benchmark fixing is applied as is, unlike other currencies where the rate is adjusted for market implied rates.
- IBKR may change these rates at any time, in its sole discretion. We will publish the current rates on a best-efforts basis. Interest rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker may receive or pay a different amount of interest at the election of the client’s introducing broker. Clients should contact their introducing broker about the rates that will apply to their account.