Interest and Financing

IBKR Shares 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:

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

63.5% of retail investor accounts lose money when trading CFDs with IBKR (UK).

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


IBKR Share CFDs

NOTE: Starting August 1, 2018 an additional spread of 1% will be added to the rates below for clients classified as retail clients under MIFID.

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/Short 1 140,000 1,400,000 3.366% / 0.366%
(BM +/- 1.5%)
3.366% / 0.366%
(BM +/- 1.5%)
3.366% / 0.366%
(BM +/- 1.5%)
BRL2 Long/Short 1 400,000 4,000,000 8.4% / 3.9%
(BM + 2%/-2.5%)
8.15% / 4.4%
(BM + 1.75%/-2.0%)
7.9% / 4.9%
(BM + 1.5%/-1.5%)
CHF Long/Short 1 100,000 1,000,000 1.5% / -2.303%
(BM +/- 1.5%)
1% / -1.803%
(BM +/- 1%)
0.5% / -1.303%
(BM +/- .5%)
CZK Long/Short 1 N/A N/A 4.831% / -1.169%
(BM +/- 3%)
4.831% / -1.169%
(BM +/- 3%)
4.831% / -1.169%
(BM +/- 3%)
DKK Long/Short 1 N/A N/A 0.806% / -2.194%
(BM +/- 1.5%)
0.806% / -2.194%
(BM +/- 1.5%)
0.806% / -2.194%
(BM +/- 1.5%)
EUR Long/Short 1 100,000 1,000,000 1.5% / -1.935%
(BM +/- 1.5%)
1% / -1.435%
(BM +/- 1%)
0.5% / -0.935%
(BM +/- .5%)
GBP Long/Short 1 80,000 800,000 2.301% / -0.699%
(BM +/- 1.5%)
1.801% / -0.199%
(BM +/- 1%)
1.301% / 0.301%
(BM +/- .5%)
HKD Long/Short 1 780,000 7,800,000 2.508% / -0.492%
(BM +/- 1.5%)
2.508% / -0.492%
(BM +/- 1.5%)
2.508% / -0.492%
(BM +/- 1.5%)
JPY Long/Short 1 N/A N/A 1.5% / -1.774%
(BM +/- 1.5%)
1.5% / -1.774%
(BM +/- 1.5%)
1.5% / -1.774%
(BM +/- 1.5%)
NOK Long/Short 1 850,000 8,500,000 2.251% / -0.749%
(BM +/- 1.5%)
1.751% / -0.249%
(BM +/- 1%)
1.251% / 0.251%
(BM +/- .5%)
SEK Long/Short 1 850,000 8,500,000 1.5% / -1.96%
(BM +/- 1.5%)
1% / -1.46%
(BM +/- 1%)
0.5% / -0.96%
(BM +/- .5%)
SGD Long/Short 1 130,000 1,300,000 3.909% / -0.091%
(BM +/- 2%)
3.909% / -0.091%
(BM +/- 2%)
3.909% / -0.091%
(BM +/- 2%)
USD Long/Short 1 100,000 1,000,000 3.684% / 0.684%
(BM +/- 1.5%)
3.184% / 1.184%
(BM +/- 1%)
2.684% / 1.684%
(BM +/- .5%)
ZAR Long/Short 1 1,500,000 15,000,000 8.517% / 4.017%
(BM + 2% / -2.5%)
8.267% / 4.517%
(BM +1.75% / -2%)
8.017% / 5.017%
(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.

Disclosures
  1. 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.
  2. 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.