Contracts for Difference (CFDs)

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 Share CFDs

Over 8,500 Share CFDs available to trade globally. Trade US Share CFDs during extended hours and overnight.

Additional benefits include:

Transparent, Low Commissions and Financing Rates

Commissions start at 0.5 cents per US share and 0.05% on all other share CFDs, with lower rates available for active traders. Overnight financing charges start at benchmark +/-1.5%, with lower spreads available for larger balances. You will find these rates highly competitive. In addition, UK Stamp Duty, French FTT and Spanish FTT are not payable for CFD transactions.

View CFDs Commissions

Margin Efficiency

CFD margin requirements are generally more favorable than stock margin requirements. Retail clients are subject to a minimum regulatory initial margin of 20%. Additional details are available in IB ASIC Margin Requirements.

Efficient CFD Reference Pricing

Share CFD pricing reflects the exchange-quoted price for the underlying share. IBKR uses its IB SmartRouting^SM technology to determine the CFD reference price. Clients can add quotes to the exchange book in the same way they would trading stocks because IBKR immediately matches all CFD orders with a hedge-order so that a non-marketable CFD order creates a matching non-marketable order for the underlying share on the exchange.

IBKR Share CFDs FAQs

FAQs: IBKR Share CFDs

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

*IB hedges all index CFD trades, and does not operate a dealing desk. Fills cannot be guaranteed in extreme markets.

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.