Interactive Brokers | NEWs @ IBKR Vol. 20

Any discussion or mention of an ETF is not to be construed as a recommendation, promotion or solicitation. All investors should review and consider associated investment risks, charges and expenses of the investment company or fund prior to investing. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

IBKR Advantage

IBKR Clients Earn Up to USD 4.58% on Instantly Available Cash Balances

As an Interactive Brokers client, you are likely aware that client accounts receive credit interest on positive settled cash balances.¹ After recent increases in interest rates by the US Federal Reserve, Interactive Brokers now pays up to USD 4.58% on positive settled cash balances.²

Accounts with a Net Asset Value (NAV) of USD 100,000 (or equivalent) or more are paid interest at the full rate for which they are eligible. Accounts with NAV of less than USD 100,000 (or equivalent) receive interest at rates proportional to the size of the account.

For example, an account with a NAV of USD 50,000 earns credit interest at a rate equal to one-half the rate paid by IBKR to accounts with a NAV of USD 100,000 or more.

Interest accrues and is payable daily. IBKR posts the interest payments monthly on the third business day of the following month. IBKR uses a blended rate based on the tiers outlined on our website. The tiers on which interest rates are based are subject to change without prior notification.

For balances held in CHF, DKK, EUR or SEK, IBKR may apply an effective negative rate to long balances held. The negative rate applied to accounts holding these currencies is the same regardless of account size. For other currencies in which the benchmark rate plus the interest rate paid is less than zero, the interest paid is 0%.

View Rates

Make a Deposit

[1] Rate shown applies to IBKR Pro clients only. Positive settled cash balances held in the securities segment of accounts with NAV>100k earn the stated interest rate (May 5, 2023) and those with NAV<100k earn a proportional rate. Cash held in the commodities segment of an account does not earn interest. For more information, visit our website.

[2] Rate as of May 5, 2023. Restrictions apply. For additional information on interest rates click here.

IBKR Advantage

Additional Security for the Uninvested Cash Held in Your Brokerage Account

Interactive Brokers is pleased to offer clients of Interactive Brokers LLC a program that gives you additional security on the cash held in your brokerage account.

The Insured Bank Deposit Sweep Program provides up to USD 2.5 million of Federal Deposit Insurance Corporation (FDIC) coverage on your account's free cash balances. Combined with existing Securities Investor Protection Corporation (SIPC) coverage of the first USD 250,000 in your account, your available insurance will cover up to USD 2.75 million. Cash balances above USD 2.75 million remain subject to safeguarding under the SEC's Customer Protection Rule 15c3-3, backed by the firm's equity capital.

Adding this program will not disrupt your account features or your trading capabilities. You will continue to earn competitive interest on balances, and your account cash remains available for stock, option, futures, currencies and bond trading on more than 150 markets globally.

Enrollment is seamless, and we invite you to take advantage of this opportunity to provide an additional layer of protection for your assets by clicking the link below. Please note that there may be a delay in the initial sweep of your funds during the account activation period.

Apply Now

EXPANDED OFFERING

PortfolioAnalyst

Introducing PortfolioAnalyst® 3.0

consolidate track and analyze your complete financial performance.

Major Upgrades for PortfolioAnalyst,
Including a Dynamic Analytics Dashboard

PortfolioAnalyst offers multi-custody solutions, advanced reporting, global support, benchmarks, risk metrics, GIPS® verified returns,¹ and powerful on-the-go analytics. Whether you are new to trading, an advanced investor, or a financial advisor, PortfolioAnalyst is free to use.

PortfolioAnalyst consolidates, tracks, and analyzes your complete financial performance. Link your investment, checking, savings, annuity, incentive plan and credit card accounts to understand your current and historical financial state and plan for the future.

IBKR clients enjoy free access to PortfolioAnalyst's advanced features and receive real-time updates about their IBKR portfolio positions.

In March, we rolled out a major platform upgrade that includes an updated, modern look and feel, as well as an integrated, real-time reporting dashboard with snapshot views of a broad range of charts and tools. Now you can quickly drill into GIPS® verified performance reports and analyze portfolio movers, allocations, risk measures, position concentrations and more without downloading PDF/CSV reports.

To use this new feature, log in to Portal, click on Performance & Reports and then choose PortfolioAnalyst.

Release Notes

IBKR Strength and Security

[1] PortfolioAnalyst was verified as calculating Time-Weighted Returns and Money-Weighted Returns in accordance with the Global Investment Performance Standards (GIPS®) calculation methodologies. GIPS was developed by the CFA Institute, is used by investment management firms around the world, and establishes standards for investment performance, making it easier for you to compare firms and make more informed investment decisions.

The projections or other information generated by PortfolioAnalyst regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Please note that results may vary with use of the tool over time.

GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

NEW PRODUCTS

New Products Available on the IBKR Platform

We recently expanded the number of products available to clients on the IBKR platform.

CBOE

CME

E-mini Russell 2000 Tuesday and Thursday Futures Options (RTY | R1-5U, R1-5D)
Tuesday and Thursday Weekly Futures Options on Australian Dollar (AUD), Canadian Dollar (CAD), Euro (EUR), Great British Pound (GBP) and Japanese Yen (JPY) Futures
Two, three and four year mid-curve FOP on three month SOFR futures (S2, S3, S4)
Monday, Tuesday, Wednesday, Thursday Weekly Futures Options on Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 Futures
Bitcoin Event Contracts
CME Alternative Investment Product Fee Schedules
- Effective through August 31, 2023, the Exchange Fees for all Globex, EFP, EFR, Block and BTIC transactions in Micro Bitcoin Futures will be discounted to $0.70 for members and to $1.00 for non-members.
- Effective through August 31, 2023, the Exchange Fees for all Globex, EFP, EFR, Block and BTIC transactions in Micro Ether Futures will be discounted to $0.07 for members and to $0.10 for non-members.
CME Other Fees and Discounts
- Event Contracts – Cash Settlement Fee waiver extended through August 31, 2023.

ICE Futures US (NYBOT)

ICE Futures Options on Three Month SONIA Index Futures (SO3)
A note for clients who hold or recently held a future and/or future options position in one of the following products on the ICE Futures US exchange: CT (FUT, OPT), SB (FUT), SO (OPT), SF (FUT), KC (FUT), KO (OPT), OJ (FUT, OPT). The display of prices for these products was recently changed from dollars to cents. This change has no effect on your trading and/or the market value of your positions.

EUREX

Eurex Options on Micro DAX 40 Index (ODXS)
Attention CTCI or TWS API users who recently executed a Eurex exchange-traded derivative (“ETD”). Please note that as of March 27, 2023, Eurex requires a new symbology for their ETD contract. On or after this date, symbols currently used to trade ETD products will no longer be accepted. Please make sure your systems have been modified to address the new Eurex symbology. Links to the Eurex providing detailed information on the new symbology are as follows:

Osaka Stock Exchange (OSE)

Singapore Exchange (SGX)

SGX Thai Baht in US Dollar Futures (SGXTU)

National Stock Exchange of India (NSE)

NSE Nifty Financial Services Index Futures (FINNIFTY)

View Product Listings

TRADING IN BITCOIN FUTURES IS ESPECIALLY RISKY AND IS ONLY FOR CLIENTS WITH A HIGH RISK TOLERANCE AND THE FINANCIAL ABILITY TO SUSTAIN LOSSES. More information about the risk of trading Bitcoin products can be found on the IBKR website. If you're new to Bitcoin, or futures in general, see Introduction to Bitcoin Futures.

Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading options read the "Characteristics and Risks of Standardized Options". Before trading futures, please read the CFTC Risk Disclosure.

REMINDER

A Broker You Can Trust

We wanted to share commentary on IBKR's position given the turbulence in the financial sector earlier this year.

Interactive Brokers holds USD 12.7 billion in equity capital, USD 9.0+ billion in excess of regulatory capital,¹ and prides itself on its conservative risk management and financial security. As a matter of prudent risk management, IBKR invests cash in very short-term government securities maturing within a few months.

In an interview earlier this year, Thomas Peterffy, Founder and Chairman of the Board of Directors, shared his views on the current state of the financial markets and IBKR's prudent risk management. He also discussed IBKR's interest rates on uninvested cash balances and how clients are positioned to navigate the current environment.

March 13, 2023 | 8:08 PM EDT

CNBC interview with Thomas Peterffy

Watch Video

IBKR 2022 Annual Report

[1] As of second quarter, 2023. For more information, visit our investors relations website.

New Tools

New Features Added to
IBKR Trading Platforms

We recently added functionality to deliver a powerful and seamless trading experience across all our platforms, whether you are trading from your desktop or on-the-go.

IBKR Mobile

Discover: Discover ideas and new markets for potential investments using the Discover tool, your link to market-defining third-party content selected specifically to help you improve your success as a trader. Discover supports content from Trading Central, a premium, one-stop shop for investment decision support.
Recurring Investments: Put your favorite investments on autopilot with recurring investments in the stocks and ETFs of your choice! Previously offered in Client Portal, now also available in IBKR Mobile. Tap "Recurring" in the Trade Launchpad to create investment schedules. Monitor, add, edit, or cancel investments at any time. Learn more on our website.
Improved Login Screen: IBKR Mobile for Android now supports Face Authentication for devices that support it.
Quote Details: You can now put positions and orders into the Quote tab instead of showing them in the swipe-up drawer at the bottom of the screen. Tap three horizontal dots in the top right corner of Quote Details, then tap Position Display. Select "In-Line" to move this widget just below the chart in the Quote tab.
Navigation Improvements: As part of our ongoing efforts to improve navigation within IBKR Mobile, you can now reorganize tabs on your Portfolio, and access Quote Details from the Trade Details screen.

In the Settings menu we have:
- Added sub-pages to group similar settings together and renamed settings to reflect their functionality more directly.
- Added sub-pages to group similar settings together and renamed settings to reflect their functionality more directly.
- Moved function-specific settings out of Configuration and into their function's overflow menus, for example the "Tap to Transmit Order" feature was moved to Order Entry, and "Sync Watchlist Columns" was moved to Watchlist.
- Removed settings that are not used, for example the "Device Name" setting.

Trader Workstation (TWS)

IBUSOPT Destination: Clients who trade US options can now choose to direct route their options orders to IBUSOPT to participate in the retail order flow for US equity and index options.
Morningstar Analyst Ratings Data: We recently added Morningstar proprietary Ratings and Analyst Commentary to Fundamentals Explorer for both Equities, and Funds/ETFs. This includes Morningstar's latest update to Funds/ETF data – the Medalist Rating. See an overview in the Morningstar summary tile when you open Fundamentals Explorer, and find complete data in the Analyst Ratings tab.

Morningstar Analyst Ratings Data is available in TWS, Client Portal and IBKR Mobile.
Orbisa Securities Lending Dashboard: Now get access to the same valuable short/securities lending data for US equities historically available only to banks, broker-dealers and institutional investors. The Orbisa Securities Lending Dashboard in Fundamentals Explorer gives you professional-level access to key metrics and data to see when borrowing demand is increasing or decreasing so you're better able to gauge in which direction market sentiment is trending. Orbisa data includes 189,000 unique securities over more than 50 global markets. The Securities Lending Dashboard is available in TWS and Client Portal and coming soon to IBKR Mobile.

IBKR GlobalTrader and IMPACT

Recurring Investments: Put your favorite investments on autopilot with recurring investments in the stocks and ETFs of your choice! Previously offered in Client Portal, now also available in IBKR GlobalTrader and IMPACT. Tap "Recurring" in the Trade Launchpad to create investment schedules. Monitor, add, edit, or cancel investments at any time. Find out more in the Recurring Investment Feature article.
We've improved interactions with options — for example, you can now easily see when markets are open and find products to trade.
Android device users can now use Face Authentication for devices that support it.

Client Portal

Discover ideas and new markets for potential investments using the Discover tool, your link to market-defining third-party content selected specifically to help you improve your success as a trader. Currently Discover supports content from Trading Central, a premium, one stop shop for investment decision support. Find Discover in the Research menu and select the third-party data you would like to see, for example Trading Central. Use the sub-tabs to dig deeper. Find out more in the Client Portal release notes.
The "Morning Expiration" notice for relevant options is shown in Quote Details and on Exercise/Lapse screens.
Consolidated Navigation in Advisor Portal is the new default.

For Advisors: Tax Loss Harvest Tool

We are pleased to introduce our Tax Loss Harvest tool. Advisors can use this tool to realize the tax benefits of both long- and short-term capital losses more easily. To open the tool, right-click a position and select Tax Loss Harvest. Find out more about using Tax Loss Harvesting in the TWS Release Notes.

Visit the Release Notes section of the Documentation page to find out more about recent enhancements.

ABOUT IBKR TRADING PLATFORMS

Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by visiting ibkr.com/occ.

Multiple leg strategies, including spreads, will incur multiple commission charges.

Download
IBKR GlobalTrader

Download
IBKR Mobile

Download
IMPACT

NEW TOOL

Achieve Better Price Execution on US Options Trades with the IBUSOPT Destination and Options Liquidity Tool

IBUSOPT Destination

The IBUSOPT destination provides clients with an opportunity to compete with major liquidity providers for marketable orders prior to the orders being routed to an exchange. Orders on IBUSOPT will wait for an offsetting order from another IBKR client and are not shown to the market. Once there is an offsetting order on IBUSOPT, the orders will be used to start an auction at the exchange. The exchange auction provides price improvement opportunities over the current matched price and lets the orders from IBUSOPT execute against each other or other participants responding to the auction – thereby potentially enhancing execution rates and quality.

To route a US equity or index options order to IBUSOPT from Mosaic, set up the order in the Order Entry panel and open the "Advanced" panel to select a new destination. Once you select IBUSOPT as the destination, available order types will be shown in the dropdown.

To provide liquidity throughout the trading day, use the Options Liquidity Tool.

IBKR Options Liquidity Tool

Advisor using options liquidity tool in Trader Workstation (TWS)

Our Options Liquidity Tool¹ lets options traders create liquidity-adding strategies by directly routing orders to the IBUSOPT destination where it interacts with our order flow.

A variety of order types are available for posting liquidity in IBUSOPT, including Pegged-to-Midpoint, Pegged-to-Best, and Relative/Pegged-to-Primary.
Review and update values from presets via corresponding fields for offsets, limit price, quantity and Pegged-to-Best fields.
Click BUY, SELL, or BUY and SELL to set the number of strikes in both call and put chains.

Easily preview, start, stop or reset strategies.
The tool includes a number of risk management features, including stopping a strategy if a negative realized P&L occurs, the strategy delta exceeds a specific value or the strategy delta dollars exceed a specific value.

Each side (i.e., set of strike orders) will be setup as a one-cancels-another (OCA) order attribute in the Trader Workstation (TWS). TWS will attempt to fill one of the orders completely and either cancel the other completely or partially fill multiple orders to equal a final quantity.

TWS tracks strategy performance by creating individual models for each underlying in each account. While a strategy cannot be shared with different users on an account, each user can view the other's trading strategy. In addition, a Metrics tile provides a real-time summary of P&L and Sensitivity to help you monitor the current strategy.

To open the Option Liquidity Tool from Mosaic use the New Window drop down and from the Option Tools section select Advanced Option Tools > Option Liquidity Tool. From Classic TWS, select Trading Tools > Option Liquidity Tool.

Request Trading Permissions

User Guide

[1] The projections or other information generated by the Option Liquidity Tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Please note that results may vary with use of the tool over time.

Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by visiting ibkr.com/occ.

Multiple leg strategies, including spreads, will incur multiple commission charges.

NEW TOOL

Interactive Brokers LLC Introduces Two More Levels of Options Trading Permissions

Clients of Interactive Brokers LLC can now choose from four levels of options trading permissions to find choices more precisely aligned with their options trading strategies.

Options Trading Permission Level	Summary
Level 1	Covered calls are allowed.
Level 2	Everything in Level 1, plus covered options positions such as long calls/puts, long straddles/strangles and protective calls/puts.
Level 3	Everything in Levels 1 and 2, plus options strategies that have limited maximum potential loss such as short puts and short, long or unbalanced butterflies.
Level 4	All options strategies are allowed.

(Clients who previously had Full Options were mapped to level 4 and those with Limited Options were mapped to level 3.)

If you are interested in learning more about options, IBKR's Traders Academy offers an extensive educational program dedicated to stock options, as well as other options-related products. The educational material is complemented by a long list of 'How To' lessons that demonstrate how to use IBKR's suite of options tools.

Log in to Portal

Click the User (head/shoulders icon in the top right corner)

Click Settings

Click Trading Permissions

Options – Add/Edit if you are not permissioned to trade options
Options – Update Options Level if you would like to upgrade/downgrade your permission level

Select the level of Options you would like to trade

Click Continue

Please note that trading permissions are typically approved overnight.

Visit Traders' Academy

NEW TOOL

New Services for
Advisors of Any Size

Interactive Brokers offers turnkey solutions that help advisors of any size build competitive advantage, efficiently manage their business and serve clients at low cost.

NEW TOOL

New Services for
Advisors of Any Size

Interactive Brokers offers turnkey solutions that help advisors of any size build competitive advantage, efficiently manage their business and serve clients at the lowest cost.

We recently introduced several new features and services to help advisors on our platform.

Streamlined Client Management

We are rolling out a reconfigured and enhanced client management model for US advisors that offers improvements such as:

Operational Control: This new model allows you to complete various tasks, such as funding requests and information changes, on behalf of your clients. Once entered by the advisor, clients will use a simplified process to approve, sign and confirm your action.
Enhanced Dashboard: We have enhanced the Client Pending Items tab (formerly Pending Items) on our Dashboard. This tab will show you all pending tasks for your clients and either allow you, as the advisor, to complete the task on behalf of the client or send an automated email asking your client to address the task.
Improved Messaging: We have redesigned our Sub Account Messages tab and streamlined communications from IBKR by aggregating, categorizing and routing messages to the advisor to avoid unnecessary client contact.

The client management model offers three customizable participation levels:

Streamlined simplifies the process by which clients approve funding requests, sign agreements and confirm changes and instructions entered by their advisor. Advisors can customize specific features, and communications from IBKR are aggregated, categorized and routed to the advisor to avoid unnecessary client contact. All clients are automatically enrolled.
Streamlined Plus allows advisors to perform certain administrative tasks on behalf of their clients, who can approve their advisor's actions without logging into Client Portal. Clients are automatically enrolled during the application process and the same advisor authorizations are applied to all.
Full-Service clients enroll individually and choose the powers they wish to grant their advisor, which can include moving funds or assets on their behalf and performing a broad range of administrative tasks.

Rollout of the model began during Q2 2023 and will continue through the coming months. If you are interested in being an early adopter of the model, please create a ticket in Advisor Portal.

Request Access

Enhanced CRM and Introduction of Docusign

Advisors on the IBKR platform have access to a powerful client relationship management (CRM) platform that was recently updated to improve ease of use. Tools such as the Market, Bond and Mutual Fund scanners were integrated with Advisor Portal, and we expanded our Account Queries to provide you with more ways of exporting information.

In addition, US advisors can now create semi-electronic applications, for which clients can securely submit signatures using Docusign.

Introducing Custom Indexing

Custom Indexing allows RIAs to create custom portfolios for their clients that directly hold the underlying securities of an index rather than purchasing a traditional index fund. This approach provides several benefits, including the ability to customize portfolios to align with specific investment objectives, as well as include or exclude specific stocks based on ESG preferences and other factors. Unlike traditional ETF investing, Custom Indexing does not have an expense ratio and comes with low minimums, allowing RIAs to customize and personalize investing to suit their clients' needs.

RIAs using Custom Indexing through Interactive Brokers have access to a wide range of index options, including popular indices and ETFs such as the S&P 500 and the NASDAQ 100. They can fine-tune portfolios by adjusting the weightings of individual securities within the index.

How It Works

As an illustrative example, the SPY ETF, which tracks the SPDR S&P 500, is comprised of 102 stocks, each with its own weighting. Using Custom Indexing, advisors can download the list of SPY's individual holdings along with each weighting, save it as a Custom Index and apply it as a model, which is adjustable for individual clients as needed.

IBKR Custom Indexes offer several advantages over ETFs:

No expense ratio
Low to no commissions
Low minimums
Ability to customize and personalize to suit client needs
Flexibility when harvesting tax losses

Advisors can:

Set cash targets
Exclude any selected stocks
Apply ESG-related exclusion lists (e.g., 'Fossil fuels')
Set custom rules (e.g., exclude small cap stocks; overweight stocks where PE is within a certain range and stock is in a particular sector; and so on)
Swap stocks in the model for stocks you want with a single click

IBKR's Custom Index tool is accessible from TWS Latest and TWS Beta. Additional information is available in our FAQs and on our website.

Download TWS

Advisor Forum

Interactive Brokers for Advisors on LinkedIn

We invite Registered Investment Advisors to join our LinkedIn group, Interactive Brokers for Advisors.

The group serves as a forum for learning how to grow your business on the IBKR platform. Engage in discussions with our team of dedicated professionals and use the group to learn more about how IBKR helps advisors create competitive advantage, efficiently manage their business and serve clients at low cost.

Join the conversation today!

The TWS Layout Library: Using the TWS Library to switch to pre-set screen layouts built for specific tasks.
The first in a short series that takes you through how to use the Layout Library in TWS to switch to pre-set screen layouts, built for specific tasks. Screens include Integrated Stock Window, Stock Scanner, Rebalance Portfolio, Portfolio Risk, Bond Scanner, Markets, Analyst Research, Company Research and News.
Using Advisor Portal's CRM with White Branding: Using Advisor Portal's CRM to help create lasting client relationships.
A quick intro to Advisor Portal's CRM, and how it combines with White Branding to help you customize and brand emails, invitations, statements, account application updates, performance reports, contracts and IBKR web interfaces to stay front-and-center with clients and prospects.
Practice Planning: A changing practice may benefit from a changed account type.
Family Advisors become RIAs, RIAs start Family Offices, others add new models to existing ones. Take a quick tour of key IBKR account types, built to support you as you grow and change.
Are you making the most of PortfolioAnalyst?: Using IBKR's PortfolioAnalyst to calibrate complete client portfolio performance. The platform lets you track each client's total performance, including assets-held-away, while keeping your own track record separate and easily accessible. Keep your clients informed with presentation-ready, GIPS®-verified reports that you can custom-brand to your specifications and manage through automated dashboards seamlessly integrated with Advisor Portal.

Join the conversation today!

Join the Group

EXPANDED OFFERING

New Funds and Fund Families
Available at the Mutual Funds Marketplace

The Interactive Brokers Mutual Funds Marketplace provides clients from over 200 countries and territories with access to more than 49,000 funds from over 560 fund families, including Allianz, American Funds, BlackRock, Fidelity, Franklin Templeton, Invesco, MFS and PIMCO.

Unlike most firms, IBKR never charges a custody fee. In addition, we offer over 19,000 funds with no transaction fees and low, transparent commissions. Inside the US, commissions are the lesser of USD 14.95 or 3% of trade value, while fee funds outside the US are EUR 4.95 (or equivalent).

To help provide you with a broad selection of funds, we recently added the following fund families to the Marketplace:

Global Fund Families

Alma Capital (LU)
AQA Capital Ltd (LU)
Bank Julius Baer
BNY Mellon IM (IE)
BNP Paribas III N.V.
WHEB AM (IE)
HSBC Global (IE)
Nevastar Finance (LU)
Human Edge Funds
PGIM LTD (IE)
Gemini Capital Mgmt (IE)
Jupiter UT Mgrs TLTD. (GB)

US Fund Families

Advisors Asset Mgmt. (AAM) Funds
Aristotle Funds
FBP Funds
Summit Global Funds

Launch Mutual Fund Search Tool

Mutual Funds are investments that pool the funds of investors to purchase a range of securities to meet specified objectives, such as growth, income or both. Investors are reminded to consider the various objectives, fees, and other risks associated with investing in Mutual Funds. Please read the prospectus accordingly. This communication is not to be construed as a recommendation, solicitation or promotion of any specific fund, or family of funds. Interactive Brokers may receive compensation from fund companies in connection with purchases and holdings of mutual fund shares. Such compensation is paid out of the funds' assets. However, IBKR does not solicit you to invest in specific funds and does not recommend specific funds or any other products to you. For additional information please view our Mutual Fund Product Listings.

EXPANDED OFFERING

Find Your Next Opportunity at the Bond Marketplace

Search for the best yields from a vast universe of bonds from issuers in the Americas, Europe and Asia in our Bond Marketplace. IBKR provides direct market access at a low cost to a wide array of corporate, government and municipal securities. Our clients have access to the best bids and offers with low, transparent commissions and no hidden mark-ups.

Browse availability with our Bond Search Tool and:

Use filters like Maturity Date to find and invest in companies that suit your strategy. Plot results based on Yield to Worst and Duration to dive deep and compare issuers.
Easily place orders by copying your results into a watchlist or exporting your list.
Save your scan and run it again at any time if you need to find other similar bonds.

Desktop and Mobile screens with Bond Marketplace

30,555

Global Corporate Bonds

6,739

US CDs

1,120

US Treasuries

1,014,391

US Municipal Bonds

2,822

Non-US Sovereign Bonds

Launch Bond Search Tool

REMINDER

It Is Easier Than Ever to Use Your Wise Account to Fund Your IBKR Account

IBKR has worked with Wise to make it even easier to fund your brokerage account.

If you fund your IBKR account from a Wise account, we would like to invite you to try the new 'Bank Transfer via Wise' and 'Transfer from Wise Balance' funding methods. These methods let you use Wise to fund your IBKR account directly from Client Portal.

Benefits include:

Additional funding currencies: Fund your account with Bulgarian Lev (BGN), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR) and Romanian Leu (RON).
Faster processing of deposits: Our integration with Wise ensures the transaction contains the correct routing and processing information. In addition, Wise payments initiated from Client Portal are not subject to a credit hold.
Ease of use: Once you authorize and link your Wise account with your Interactive Brokers account, you can transfer to and from your Wise multi-currency account without leaving Client Portal.

Log in to Portal
Select Transfer & Pay > Transfer Funds
Select Make a Deposit
Select Wise from the drop-down menu
Select "Use a New Deposit Method"
Choose "Bank Transfer via Wise" or "Transfer from Wise Balance" as a funding method

At this point, please follow the on-screen prompts to link your Wise account with your IBKR account. Additional information on the process is available in our FAQs and knowledge base.

EXPANDED OFFERING

Additional News and Research
Providers Available on the IBKR Platform

Our clients enjoy access to dozens of free and premium market research and news providers. We recently added:

News

A sampling of the more active content found on Briefing.com website subscription services. Includes: Stock Market Update, Story Stocks, Up/Downgrades, Daily Sector Wrap, Tech Stocks, Rate Brief, and Fed Brief. Keeps investors fully informed on portfolios and the markets in general.

Evercore ISI provides world class independent macro & fundamental research to help investors navigate challenging markets. Evercore's award winning economists, strategists & analysts provide thought leadership, deep dives and actionable ideas on geographies, industries and companies under coverage. In 2022, Evercore ISI ranked #1 research firm on a weighted basis by the Institutional Investor U.S. Survey.

Evercore ISI services are complimentary for professional financial advisors and do not require a subscription.

Gravity Exists is a financial journal providing insight and analysis for wealth managers and institutional allocators. The coverage spans market risk, economics, and policy as well as in-depth interviews with investment industry experts. On weekends, we publish the newsletter Playbook, which combines their model portfolios with an analysis of the market and macro forces driving performance.

Interactive Brokers clients are invited to receive Playbook, published articles, and invitations to webinars and live conferences at no cost.

illio was created to help individual investors think like a wealth manager. illio aggregates all types of assets and accounts into one convenient platform and shares insights with you across your portfolio. With deep dives into P&L, risk, ESG and more, our analytics and jargon free explanations help even novices understand why their money moves.

To subscribe to illio, log in to Client Portal, toggle to User Settings > select Research Subscriptions > select the Current Research Configuration Icon

Macro Hive is a leading independent provider of global macro and financial market research, and a digital financial media firm. Their worldwide user base spans 160 countries and over 1,000 different institutions, from financial firms and international corporations to government bodies and universities.

Access to Macro Hive Lite's macroeconomic and investment newsletters is complimentary.

Access to Macro Hive Prime includes actionable world-class macro analysis and is available by subscription.

Market Structure EDGE is the only decision-support platform for active traders built on the rules that govern the US equity market. As in any market, prices in the stock market are set by supply and demand. EDGE mathematics deliver consistent, low-risk, short-term returns to traders who follow that math, buying DIVERGENCE, selling CONVERGENCE.

To subscribe to Market Structure EDGE, log in to Client Portal, toggle to User Settings > select Research Subscriptions > select the Current Research Configuration Icon.

Requesting Crypto Trading Permission

IBKR does not recommend or endorse any products or services of the listed providers.

EXPANDED OFFERING

Cryptocurrency Traders Can Now Transfer Crypto from Their Paxos Account to an External Wallet

IBLLC clients with cryptocurrency trading permissions can now withdraw cryptocurrency assets from their Paxos account to an external wallet using the Paxos web app.

Log in to the Paxos web app at https://IBKR.paxosclients.com
Click the Transfer Crypto button located at the top right corner of the page
Complete the two-factor authentication process
Select the cryptocurrency you wish to withdraw from your Paxos account
Enter the destination address you wish Paxos to transfer your cryptocurrency to
Review and accept the Acknowledgement
Enter the cryptocurrency amount or percentage you want Paxos to transfer
Select a beneficiary. Please note that the beneficiary must be an existing user with withdrawal rights for your IBKR account.
Verify all details of your withdrawal. WITHDRAWALS MADE TO THE WRONG ADDRESS CANNOT BE REVERSED.
Electronically sign the transfer form

Transfers out of Paxos are currently limited to a maximum of USD 5,000 (or equivalent) per transaction and a total of USD 5,000 (or equivalent) per day.

Paxos passes through the network transaction fee or gas fee when transferring digital assets out of your account to an external wallet. The fee will be deducted from your total transfer amount (i.e., the destination address will receive the cryptocurrency transfer quantity net of network transaction or gas fees). This applies to all crypto assets.

Paxos will attempt to process your withdrawal as quickly as possible. While many withdrawals can be completed in hours, factors such as withdrawal size, the token being withdrawn and congestion on the Blockchain network may affect the speed of processing.

Note that the Paxos Exchange Terms & Conditions and the Supplement to Interactive Brokers LLC Client Agreement in Connection with Trading Digital Assets with Paxos Trust Company Through IBKR's Platform have been updated with terms related to cryptocurrency withdrawals.

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses.

Interactive Brokers LLC is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets.

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. For more information about the risks surrounding the trading of Digital Assets please see the "Disclosure of Risks of Trading Digital Assets". All trading and custody of digital assets is provided by Paxos Trust Company ("Paxos") in an account held in your name at Paxos. Digital assets held with Paxos are not protected by SIPC. Eligibility restrictions apply. For more information, please see ibkr.com/crypto.

INTERACTIVE BROKERS LLC IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.

Smart Investors Never Stop Learning

Click the Research and Education menu in IBKR Mobile or visit ibkrcampus.com to learn more about current events, trading, financial markets and IBKR's trading tools.

Interactive Brokers Launches Redesigned IBKR Campus Website to Empower Clients Globally

We have revamped our IBKR Campus website, where you can find courses, webinars, English and Spanish-language podcasts and market commentaries that help you learn about trading, financial markets, and Interactive Brokers' trading tools.

The new IBKR Campus is simple to use and makes it easier to find topics of interest to you. Beginning investors, as well as advanced traders, will find information to sharpen their skills and broaden their investment horizons. From free online courses on the concepts and tools of financial trading to lessons and quizzes on Interactive Brokers' trading tools, all investors can take advantage of these resources to become better investors.

IBKR Campus includes Traders' Insight, our news blog that features commentaries from dozens of market participants, including Steve Sosnick, Chief Strategist at Interactive Brokers, and José Torres, Senior Economist at Interactive Brokers. The IBKR Quant Blog helps those interested in finance and technology. We offer an extensive library of live and recorded webinars, podcasts and other resources to help you stay on top of ever-evolving markets.

Visit IBKR Campus

Traders' Academy

Webinars

Traders' Insight

Podcasts

Quant

Student Trading Lab

Learn about trading, financial markets and IBKR's trading tools. Improve your understanding of markets and stay on top of current events.

New Courses

The IBKR Block Trading Desks
IBKR's Block Execution desk can help handle order flow and source liquidity for busy stock, option and bond investors.
IBKR GlobalTrader
The Interactive Brokers GlobalTrader app is a simplified version of our mobile platform. It allows investors to trade in stock markets around the world, as well as trade options and mutual funds and access IBKR's cryptocurrency offerings.
IBKR's Recurring Investments Feature
The Interactive Brokers (IBKR) Recurring Investments feature lets clients setup and execute a predetermined investment strategy by automatically investing funds on a recurring schedule.
American Depository Receipts
If you are interested in investing in non-US companies, this course explains how to gain exposure through American Depositary Receipts (ADRs). We define and explain the use of ADRs, review where and when they are traded and cover how investing in ADRs differs from investing directly in the stock of a foreign company.
Introduction to the Interactive Brokers' IBUSOPT Order Destination
Interactive Brokers' clients can direct US option orders to the IBUSOPT order destination where they will have the opportunity to interact with IBKR SmartRouted^SM order flow. In this course, learn how to access the Interactive Brokers IBUSOPT and use the various order types available there.
Introduction to the Interactive Brokers' Automated Trading System (ATS)
Interactive Brokers' clients can direct US stock orders to the IBKR Automated Trading System (ATS) where they will have the opportunity to interact with IBKR SmartRouted order flow. In this course, learn how to access the IBKR ATS and use the various order types available there.
Getting Started for Introducing Brokers
This course will review Broker Portal, our free and powerful client relationship management (CRM) platform for Introducing Brokers. The web application serves as the one-stop destination to manage clients, run reports and key performance metrics, monitor funding and more. Additionally, automatic billing, flexible commission markups and interest markups/markdowns are part of IBKR's turnkey solution for Broker-Dealers and Introducing Brokers.
IBKR's Student Trading Lab – Companion Tools for College Finance Courses
Interactive Brokers' clients can direct US stock orders to the IBKR Automated Trading System (ATS) where they will have the opportunity to interact with IBKR SmartRouted order flow. In this course learn how to access the IBKR ATS as well as use the various order types available.

Updated and Expanded Courses

Introduction to TWS Order Types
In this Traders' Academy course you will learn about the most popular Order Types: "Market", "Limit" and "Stop".
Securities Lending and Borrowing
This course is aimed at helping investors wanting to take a short position in stocks understand what to do and where to find key information in Trader Workstation (TWS). We explain the short selling cycle and how investors can easily determine stock loan availability in the platform.
Python TWS API
This is a course in programming with the Trader Workstation Application Programming Interface (TWS API) for Python developers. In this course, we describe how to get started in developing Python applications that use the API.
Monetary Measures, Economic Output and Corporate Profits (US)
In this course, we'll learn about economic indicators that cover the central banking system, the government bond system, fiscal budgets, economic growth calculations and the importance of corporate profitability. Some of the indicators include the money supply, yield curve, gross domestic product and corporate profits.
Business and Consumer Activity and Confidence (US)
Consumer and business strength and sentiment are important coincident and leading indicators of economic activity that correlate strongly with corporate earnings and revenue growth. The well-being of economies and markets directly depends on the actions and feelings of consumers and businesses. This course covers indicators that provide insight into economic activity and confidence like confidence, sales, incomes, production, and more.
Construction and Real Estate (US)
Investors carefully watch real estate indicators because the sector is labor intensive, interest rate sensitive and requires significant capital plus the coordination of many moving parts of the economy. The economic health of the many contributors to the real estate sector is likely a reflection of overall economic health. In this course, we'll explore many different indicators that track the real estate market and its many facets, such as mortgage rate, mortgage applications, spending, prices, shovels in the ground, permitting and more.
Employment and the Labor Market (US)
Labor market indicators are important for investors because they're helpful in determining the incomes of consumers, as well as corporations' hiring appetites. Labor market strength drives consumer spending, productivity and business investment, signaling potential levels of corporate revenue and earnings growth. The robustness of an economy is closely linked to its labor markets, the ease or difficulty of attaining work and the number of people currently working. This course explores a variety of labor market indicators that shed light on the elements of human work, including participation, unemployment, employment and wages.
Getting Started with CRM in Portal for Advisors
This course introduces Advisor Portal and all aspects of Client Relationship Management (CRM) for Advisors, amounting to a quick reference guide for finding solutions to client problems. Learn how to configure client/prospect account invitations and build templates. We explain how to manage access rights for your partners and employees. We walk you through reporting and statement capabilities, including PortfolioAnalyst software, and explain in detail how to create custom reports.

Visit Traders' Academy

See All Upcoming Webinars

Watch, listen and learn about current market topics, IBKR tools and more by participating in free, live webinars or viewing recorded webinars.

Featured Webinars

Could 2023 Be A Record Year for Gold Prices? | May 26, 2023
Presented by: Nitesh Shah, Head of Commodities & Macroeconomic Research, WisdomTree
Gold has had a great start this year with many of the pressures from the second half of 2022 easing. Interest in the yellow metal has increased with lingering banking sector concerns. If the Federal Reserve pivots monetary policy soon, as the market expects, could gold reach a new all-time high?
Analyzing an Option Trade | June 13, 2023
Presented by: Dmitry Pargamanik, cofounder of Market Chameleon
Dmitry Pargamanik will go over how to analyze an option trade from different perspectives including delta, gamma and vega exposure.
Collars, Reversals, and Option Skew in Practice | June 28, 2023
Presented by: Mathew Cashman, Principal/OCC Investor Education, OCC
Let's put some of that theoretical knowledge about option skew into practice. Let us help you understand how the conceptual pieces of option skew work on trades that you might already have on your sheets!

¡Nuevo! - IBKR Podcasts Español

Watch or read market commentary and analysis from nearly 100 industry pros, including both IBKR's Chief Strategist and Senior Analyst.

Connect with Traders' Insight:

IBKR Podcasts is a series that interviews thought leaders from across the financial services industry.

Featured Episodes

The Center of the Investment Solar System | March 21, 2023
Guest: Tony Crescenzi, Executive Vice President, Market Strategist, and General Portfolio Manager for PIMCO in New York
We discuss the role of bonds in an investor's portfolio and their place in the investment universe. Hosted by Interactive Brokers' Andrew Wilkinson, Head of Investor Education, and Steve Sosnick, Chief Strategist.
Crisis? What Banking Crisis? | April 11, 2023
Guest: Andrew Wilkinson, Director of Trading Education, Steve Sosnick, Chief Strategist, and Jose Torres, Senior Economist, Interactive Brokers
The Interactive Brokers team discusses the aftermath of the banking crisis and the onset of earnings for the nation's banks, and offer a review of labor and inflation data.
Eyepopping Corn Prices – Fueling Food Inflation | April 19, 2023
Guest: Sean McGovern, Vice President of Research at McAlinden Research Partners
Sean McGovern joins Jeff Praissman, IBKR's Senior Trading Education Specialist and host Steven Levine, IBKR's Senior Market Analyst, for a deep discussion about today's elevated corn prices, their impact on producer and consumer costs, as well as the runup to key beverage company earnings. What can traders and investors learn about China's role as a global buyer? Will Brazil surpass the US as top crop producer? And what can options traders tell us about companies like Coca-Cola and PepsiCo?
A Look Under the Hood at Where all the Major European Companies Trade | May 11, 2023
Guest: Eugen Mohr, Vice President, Equity & Index Sales Americas, Eurex
How did Eurex managed transatlantic volatility resulting from the US regional banking crisis? IBKR’s Edward Strauss drills down into European retail and institutional trading patterns with his guest from Eurex, Eugen Mohr.
A PM Perspective: What’s So Special About Warren Buffett? | | June 22, 2023
Guest: Stefano Grasso, Senior Portfolio Manager, Enhanced Value Fund
Join Guillaume Roux-Chabert, from IBKR Singapore and Stefano Grasso, Portfolio Manager for the Enhanced Value Fund in Singapore to discuss three famous Warren Buffett’s letters to shareholders – 1977, 1999 and 2018.

We recently began offering Podcasts in Spanish.

Oportunidades de la Arquitectura Abierta en Fondos de Inversión with Laura Gonzalez, Head of Americas (US&Latam) for Allfunds
Inversionistas Latinoamericanos Negociando en CME with Jorge Alegria, CME Group
La Adopción Acelerada de ETFs en Latinoamérica with Cristobal Bucher, Vice Presidente de BlackRock
Condiciones Económicas en Latinoamérica with Jose Torres, Interactive Brokers

Visit IBKR Podcasts

Learn About the Student Trading Lab

Subscribe: Apple | Spotify | Google | Audible | PodBean

A blog for quantitative professionals with an interest in programming, deep learning, API, AI, Blockchain and other transformative technologies that influence modern markets.

Connect with IBKR Quant:

The Student Trading Lab is a free online resource for college and high school educators looking to blend finance, blockchain and/or computer science classwork with real-world trading experiences.

New Features

We added IBKR's Student Trading Lab – Companion Tools for College Finance Courses as a course in our Traders' Academy. The course reviews how the Student Trading Lab can be used to enhance the learning experience and includes actual use cases from some of its participants.
A streamlined account creation process makes it easier to get started with the Student Trading Lab
We created a Student Trading Lab Release Notes site to chronicle the numerous enhancements we made to the STL in 2022

Open an Educator Account

Connect with Student Trading Lab:

NEW OFFERING

The Best-Informed Investors Learn & Earn at Interactive Brokers

Our Learn & Earn program lets clients with an individual, joint or trust account earn USD 100 in commission credits for each bundle of courses they complete.

Options	Futures	Bonds
Introduction to Options	Introduction to Futures	Introduction to US Corporate Bonds
Basic Option Strategies	Hedging with Grain and Oilseed Futures and Options	Introduction to Municipal Bonds
Neutral Option Strategies	Understanding South American Soybean Futures	Introduction to Treasuries
Advanced Option Strategies	Introduction to Grains and Oilseeds	Introduction to Eurodollars
	Futures Fundamental Analysis

To be eligible in each asset class, you will not have traded the product for the 180-day period prior to completing the course. The 180-day period restriction does not apply to new clients that have yet to trade the product.

IBKR AWARDS 2023

A Strong Start to 2023!

In 2023, Interactive Brokers remains in a familiar spot. We were recognized as Barron's #1 - Best Online Broker for the sixth consecutive year and were recognized across the industry for our low costs, breadth of product and advanced trading technology.

For the 6th year in a row, Barron's named Interactive Brokers as #1 – Best Online Broker

5 out of 5 stars Overall

2023 BrokerChooser Best Online Brokers

Best Online Broker - 2023
Best Broker for Day Trading - 2023
Best Stock Broker - 2023
Best Broker for Investing - 2023
#1 for Best Online Broker in Singapore: Read More
#1 for Online Brokers & Trading Platforms in the United Kingdom: Read More
#1 for Best Online Brokers in India: Read More
#1 for Best Brokers for ESG Investing: Read More

2023 StockBrokers.com Review

#1 Professional Trading
#1 Active Trading
#1 Futures Trading
#1 International Trading
#1 Investment Options
#1 Platform Technology
#1 Sentiment Investing
#1 ESG Investing
5 out of 5 stars Mobile Trading Apps
5 out of 5 stars Investment Options
5 out of 5 stars Platforms & Tools
5 out of 5 stars Research

2023 ForexBrokers.com Online Broker Review

4.6 out of 5 stars Overall
Best Broker for International Trading
Best Online Broker for Advanced Traders