Clients maintaining a U.S. futures or futures option position at a quantity exceeding the CFTC's reportable thresholds may be contacted directly by the CFTC file with a request that they complete a Form 40. Contact will generally be made via email and clients are encouraged to respond to such requests in a timely manner to avoid trading restrictions and/or fines imposed by CFTC upon their account at the FCM.
Completion of the Form requires the following steps:
Step 1: Register for a CFTC Portal Account- performed online at: https://portal.cftc.gov/Account/Register
- Registration will require entry of the 9-digit code that the CFTC provided to you within the email requesting that you register. If you cannot locate your code or receive an invalid entry message, contact TechSupport@cftc.gov. When entering "Organization Type" from the drop-down selector, choose "LTR (Large Traders)".
Step 2: Complete Form 40
- You will receive an email notification from the CFTC once your Portal Account has been approved. Note that this approval may take up to 2 business days from the date you complete the New User Request Form. The email will contain a link to the Portal where you will be prompted to log in: https://portal.cftc.gov/
- Instructions for completing the form are available at: https://www.ecfr.gov/cgi-bin/text-idx?node=ap17.1.18_106.a
- Note that Portal provides the opportunity to save a copy of your submission in XML format, a recommended step, as this allows for uploading the file to the Portal should you need to make modifications at a later date. This will eliminate the need to renter the form in its entirety.
The CFTC will send a confirmation email upon successful completion of your Form 40.
Step 3: Confirm with us
- Forward your confirmation email, or other evidence that you have submitted the Form 40 to cftcform40filing@interactivebrokers.com. This will assist to ensure that your account is not subject to CFTC directed restrictions or fines.