Products Overview

Stocks

Consider the following advantages of trading stocks at Interactive Brokers:

  • Commissions as low as $0.005 per US share all-in.
  • Clients with Portfolio Margin accounts can use the Stock Borrow/Loan feature in Trader Workstation to borrow and lend US stocks electronically via the AQS®, the first automated, centrally-cleared electronic marketplace for Stock Borrow and Loan transactions.
  • Use IB's Short Stock Availability Tool, a fully electronic, self-service utility, to search for real-time availability of shortable stocks.
  • Earn extra income on the fully-paid shares of stock held in your account by joining IB's Stock Yield Enhancement Program.
  • Use a variety of specialized stock trading tools in Trader Workstation, such as the Accumulate/Distribute algo and ISW (Integrated Stock Window), to help achieve best execution on large volume orders, and provide quick access and comprehensive stock order management.
  • Trade large or complex orders with the help of an experienced broker at our Stocks and Options Trade Desk. Each broker on our trade desk has over 15 years trading experience, and will strive to get the best possible execution for your trades.

Options

Interactive Brokers has its roots in options trading going back 38 years. Our sophisticated trading technology is built by professionals for professionals, and offers significant benefits to options traders who are serious about their results.

  • Use Trader Workstation's advanced options tools, including:
    • OptionTrader, which provides streaming option chains, quick-click order transmission and the Greeks;
    • SpreadTrader, which lets you easily create combo orders and spreads from among 18 predefined strategies, or create your own leg-by-leg positions;
    • Write Options tool, which lets you efficiently write calls or puts against your existing long or short stock positions; and
    • Our delta neutral feature, which lets you automatically hedge your position based on a system-calculated delta.
  • Commissions as low as $0.15 - $0.70 per US options contract.
  • T+2 accelerated stock settlement supports the purchasing of new shares to cover assigned options, thereby avoiding a potentially higher tax liability.
  • Take advantage of Trader Workstation's real-time technical, fundamental and price/risk analysis tools.
  • Download our free Options Pricing Calculator and Options Strategies widgets to help with everyday trading tasks.
  • Trade large or complex orders with the help of an experienced broker at our Stocks and Options Trade Desk. Each broker on our trade desk has over 15 years trading experience, and will strive to get the best possible execution for your trades.

Futures and FOPs

Trade futures, commodities and futures options on 35 market centers worldwide at Interactive Brokers:

  • Commissions as low as USD 0.85 per contract plus exchange and regulatory fees.
  • A Volume Tiered pricing structure is available to save members and volume traders additional cost. USD 0.25 - 0.85 per contract based on monthly trading volume, plus exchange, regulatory and carrying fees.
  • Take advantage of Trader Workstation’s real-time technical, fundamental and price/risk analysis tools.
  • Use Trader Workstation’s advanced trading tools, including:
    • SpreadTrader, which lets you easily create combo orders and spreads from among 18 predefined strategies, or create your own leg-by-leg positions;
    • ComboTrader, which lets you create unique combination orders manually leg by leg, or create complex combination orders using named strategy templates; and
    • Index Arbitrage Meter, which shows you the extent of the premium (or discount) of the lead month futures price above (or below) its fair future value with respect to the index price.

Forex

No hidden price spreads, no markups, just transparent low commissions.
Trading Forex at IB offers the following benefits:

Learn More


  • Direct access to interbank quotes.
  • Commissions as low as 0.08 to 0.20 basis points * Trade Size.
  • ECN-like market structure.
  • Forex-conversion and forex-leverage allows you to convert currencies and/or trade currencies with leverage.
  • Multi-asset display.
  • Automatic overnight position rolls.
  • 20 trading currencies.
  • Trade forex markets in our optimized FXTrader.

Bonds

Interactive Brokers offers electronic access to US and European corporate bonds, US government securities, US Municipal bonds, non-US Sovereign bonds in Asia and Europe, fixed income futures and fixed income options, all from a single account.

Learn More


  • Multiple fixed income instruments.
  • Client bond quotes for trading in TWS.
  • Comparable bonds all in one place.
  • US corporate bonds scanner.
  • Smartest routing with multiple bond market centers.
  • Submit corporate and municipal bond RFQs.

Contracts for Difference (CFDs)

We offer two kinds of CFDs: IB Share CFDs and IB Index CFDs:

Learn More


IB Share CFDs

In addition to the potential tax benefits inherent in trading CFDs, trading CFDs through IB offers the following benefits:

  • Transparent, low commissions & financing rates.
  • Trade CFDs alongside the underlying shares.
  • Margin efficiency.
  • Efficient CFD reference pricing.

IB Index CFDs

IB Index CFDs present an opportunity to gain broad market exposure more flexibly than with many other instruments.

  • Flexible exposure to global markets.
  • Low commissions & financing rates.
  • Transparent quotes.
  • Margin efficiency.

Exchange-Traded Funds (ETFs)

Diversify your IB portfolio with ETFs, which offer these benefits:

  • Take advantage of short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS) just like stocks.
  • Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs and leveraged ETFs.
  • Enjoy greater liquidity through hands-on trading like a stock.
  • Use Trader Workstation’s advanced technology, including its multi-product spreadsheet interface, real-time streaming quotes, wide variety of order types and specialized trading and analysis tools.
  • ETFs are supported in options trading and short selling.
  • Greater financial transparency through daily reporting of the ETF's holdings.

ETFs vs Mutual Funds

Benefit ETFs Mutual Funds
Diversification
Active fund management
Lower expense ratios
Hands-on intraday trading
Financial transparency Portfolio Holding
Reported Daily
Portfolio Holding Reported
Semiannually or Quarterly
Options trading
Stagnant index
Sell short
Time control
Dividends reinvested automatically

Mutual Funds

IB provides a selection of no-load mutual funds. Because of our direct, low-cost policy, we do not offer any funds that include a front-end load, a back-end load, or early withdrawal penalties. Mutual Funds at IB offer the following benefits:

  • Your funds value will be included as equity with loan value.
  • Invest in over 1,800 funds from 32 families of mutual funds.
  • All mutual funds are no-load with no early redemption fees.
  • Active, professional fund management.
  • Electronic-only prospectus delivery.
  • Automatic dividend reinvestment.
  • Unlike other market offered products, orders for mutual funds are submitted and collected during the trading day, and then submitted to the fund company at the close of New York trading. The fund companies then collect all orders from all brokers and determine a price for the day which is communicated back to the brokers. For clients seeking a transparent market environment with real-time price updates, we suggest the trading of ETFs as an alternative.

Metals

Trading IB Spot Gold and IB Spot Silver gives you access to the London bullion market, which is the center for the international over-the-counter (OTC) market for gold and silver. IB Spot Gold and IB Spot Silver provide the following benefits:

Learn More


  • Low, transparent commissions & financing rates.
  • Efficient pricing in accessible quantities.
  • Trade IB spot gold and IB spot silver alongside gold futures.
  • Leveraged exposure.

Spreads and Combinations

Whether you’re trading pairs (stock-stock), option and stock combinations, straight option combinations, ETF and future combinations, or futures spreads, IB makes it easy:

  • IB ComboTrader lets you choose from a selection of predefined combinations or to create any customized combination of unlimited legs.
  • IB SpreadTrader lets you instantly view and trade futures calendar spreads.
  • Delta Neutral combinations are automatically computed.
  • IB Risk Navigator displays real-time value at risk (VAR) on all positions across asset classes.
  • IB ScaleTrader lets you set up and monitor large volume scale trades for stock-stock pairs and multi-leg combos.

For more information on these and other Trader Workstation features, see our Desktop Trading page.

Hedge Fund Investing

Interactive Brokers clients who are Accredited Investors or Qualified Purchasers under SEC rules can view information about independent Hedge Funds available through IB's online Hedge Fund Investor Site. The Hedge Fund Investor Site offers these benefits:

Learn More


  • Browse and invest in participating Hedge Funds from qualified third-party managers through a secure, password-protected area on our website.
  • View and download basic information about participating Funds, including documentation, private placement memoranda and subscription information.
  • Contact the Fund management company or request that the Fund contact you.

Exchange for Physicals (EFPs)

An Exchange for Physical (EFP) is a transaction in which you sell stock and buy it back for future delivery by buying a Single Stock Future (SSF), or you buy the stock and sell the SSF. EFPs provide a cheap and efficient financing vehicle and offer the following benefits:

Learn More


  • Swap a long or short stock position for a Single Stock Future (SSF), combining the two legs into one EFP transaction.
  • Increased leverage; SSFs have only a 20% margin requirement.
  • Sell SSFs short on a downtick.