Contracts for Difference (CFDs)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59.7% 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.
Products
Trade Contract for Difference (CFDs)
The IBKR Advantage
- Transparent, low commissions and financing rates
- Trade CFD Shares, Index, Metals and Forex virtually around the clock
- Margin requirements generally more favorable than those of shares
IB Index, Crude Oil 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, US and UK Crude Oil and Precious Metals (London Gold and Silver). Most equity indices, oil contracts and metals are tradable 23 hours. 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
Index and Crude Oil CFD quotes show spreads and ticks that reflect those of the underlying future, plus an additional spread added by our liquidity provider. Precious Metals spreads equal those of the related cash market. IBKR charges a commission rather than further widening the spread.
Depending on the index, commission rates are only 0.005% - 0.01%. Commissions are only 0.015% US and UK Crude Oil, 0.015% for Gold and 0.03% for Silver. Overnight financing rates for equity index CFDs and Precious Metals are just benchmark +/-1.5%. Overnight financing does not apply to the Crude Oil CFDs as they reference perpetual rolling futures.
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 CFDs FAQs
FAQs: IBKR Index CFDs
Forex CFDs
Gain exposure to currencies around the clock more easily than with many other financial products. Additional benefits include:
Direct Access to Interbank Quotes
Real-time prices from 19 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.
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).
