IBKR ForecastTrader
Instructions
IBKR ForecastTrader lets investors buy and sell exchange listed Forecast and Event Contracts, which gives investors a new and straightforward way of participating in key futures markets. Exchange listed Forecast and Event Contracts are based on the outcome of an event and are short-term positions good for that trading day only. Forecast and Event Contracts let you express your view on whether the price of key futures markets will move up or down by the end of each day's trading session. You can select from Forecast Contracts by ForecastEx, LLC or event contracts by CME in the Equity Index, Energy, Metals and Foreign currency futures markets.
To use this tool, please take the steps outlined below.
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Tap the Account menu icon (head and shoulders) in the top left corner of the app.
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Tap the IBKR FOrecastTrader button
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Additionally click the Trade
icon at the bottom of your screen. -
Scroll down and click IBKR ForecastTrader.
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The IBKR ForecastTrader page will open on your web browser.
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To navigate back to IBKR Mobile, select the Back to IBKR Mobile button in the top left corner of the ForecastTrader screen. Please note, you will not need to log in and out to navigate between screens.
Exchange listed Forecast and Event Contracts have weekly, monthly, quarterly and annual durations. Interactive Brokers will pay an incentive coupon at 0.5% under the prevailing Fed Funds rate on the closing market value of positions. Incentive coupons accrue daily and are paid monthly, currently at a rate of 4.83% APR.
Interactive Brokers LLC is a CFTC-registered Futures Commission Merchant and a clearing member and affiliate of ForecastEx LLC (“ForecastEx”). ForecastEx is a CFTC-registered Designated Contract Market and Derivatives Clearing Organization. Interactive Brokers LLC provides access to ForecastEx forecast contracts for eligible customers. Interactive Brokers LLC does not make recommendations with respect to any products available on its platform, including those offered by ForecastEx.
Forecast Contracts are only available to eligible clients of Interactive Brokers LLC, Interactive Brokers Hong Kong Limited, and Interactive Brokers Singapore Pte. Ltd.
Additional Resources
Learn About Trading in the IBKR iPhone Interface at IBKR Campus