IBKR Share CFDs

Margin Rates & Financing

Margin Rates Benchmark Rates Calculations IBKR Share CFDs IBKR Index & Oil CFDs IBKR Forex CFDs IBKR Metal CFDs

Contract Interest is calculated daily on all open CFD positions held at the close of the trading session, and is applied as a blended rate based on notional balances as shown below.

IBKR Share CFDs

		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/Short¹	140,000	1,400,000	5.776% / 2.776% (BM +/- 1.5%)	5.776% / 2.776% (BM +/- 1.5%)	5.776% / 2.776% (BM +/- 1.5%)
BRL²	Long/Short¹	500,000	5,000,000	16.4% / 11.9% (BM + 2%/-2.5%)	16.15% / 12.4% (BM + 1.75%/-2.0%)	15.9% / 12.9% (BM + 1.5%/-1.5%)
CHF	Long/Short¹	90,000	900,000	1.5% / -1.831% (BM +/- 1.5%)	1% / -1.331% (BM +/- 1%)	0.5% / -0.831% (BM +/- .5%)
CZK	Long/Short¹	N/A	N/A	5.85% / -0.15% (BM +/- 3%)	5.85% / -0.15% (BM +/- 3%)	5.85% / -0.15% (BM +/- 3%)
DKK	Long/Short¹	N/A	N/A	2.987% / -0.013% (BM +/- 1.5%)	2.987% / -0.013% (BM +/- 1.5%)	2.987% / -0.013% (BM +/- 1.5%)
EUR	Long/Short¹	90,000	900,000	3.309% / 0.309% (BM +/- 1.5%)	2.809% / 0.809% (BM +/- 1%)	2.309% / 1.309% (BM +/- .5%)
GBP	Long/Short¹	80,000	800,000	5.288% / 2.288% (BM +/- 1.5%)	4.788% / 2.788% (BM +/- 1%)	4.288% / 3.288% (BM +/- .5%)
HKD	Long/Short¹	780,000	7,800,000	4.762% / 1.762% (BM +/- 1.5%)	4.762% / 1.762% (BM +/- 1.5%)	4.762% / 1.762% (BM +/- 1.5%)
JPY	Long/Short¹	N/A	N/A	1.798% / -1.202% (BM +/- 1.5%)	1.798% / -1.202% (BM +/- 1.5%)	1.798% / -1.202% (BM +/- 1.5%)
NOK	Long/Short¹	900,000	9,000,000	5.544% / 2.544% (BM +/- 1.5%)	5.044% / 3.044% (BM +/- 1%)	4.544% / 3.544% (BM +/- .5%)
RUB	Long	N/A	N/A	19.22% (BM + 5%)	19.22% (BM + 5%)	19.22% (BM + 5%)
SEK	Long/Short¹	900,000	9,000,000	3.211% / 0.211% (BM +/- 1.5%)	2.711% / 0.711% (BM +/- 1%)	2.211% / 1.211% (BM +/- .5%)
SGD	Long/Short¹	140,000	1,400,000	2.914% / -1.086% (BM +/- 2%)	2.914% / -1.086% (BM +/- 2%)	2.914% / -1.086% (BM +/- 2%)
USD	Long/Short¹	100,000	1,000,000	5.12% / 2.12% (BM +/- 1.5%)	4.62% / 2.62% (BM +/- 1%)	4.12% / 3.12% (BM +/- .5%)
ZAR	Long/Short¹	1,500,000	15,000,000	8.657% / 4.157% (BM + 2% / -2.5%)	8.407% / 4.657% (BM +1.75% / -2%)	8.157% / 5.157% (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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Disclosures

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.