CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
63.7% 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.
|Currency||Position||Contract Interest Charged/Paid on Open CFD Positions*|
(BM +/- 1.5%)
Note: *Index CFD interest is charged at a uniform rate of BM +/- 1.5% regardless of balance. Index CFD balances are not included in the determination of the applicable rate for Share CFDs.
The relevant benchmark rate used to calculate the contract interest rates above can be found on the Interest Schedule page. Contract interest rates are determined by IBKR and may be adjusted from time to time at IBKR's discretion.
Contract interest is always applied in the contract currency of the CFD, and is calculated using the formula:
|Contract Interest = I xUPV x N/360 (365 for GBP)|
|I =||The Contract Interest rate|
|UPV =||The Underlying Position Value, calculated as the CFD Daily Settlement Price x number of contracts.|
|N =||The number of days for which the contract interest is being calculated.|
Pursuant to the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019, Interactive Brokers Australia Pty. Ltd. has prepared the following target market determinations relating to certain financial products for which it is deemed to be the issuer. Our Target Market Determinations are located here: Target Market Determinations.
Product Disclosure Statements are also available for each of these products. You should carefully consider these Disclosures in deciding whether to acquire, or to continue to hold, the relevant financial product.