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Trade Your View on Economic Indicators, Global Climate Events and Futures Prices

IBKR ForecastTrader lets you use exchange-listed forecast and event contracts to trade your opinion on yes-or-no questions on US economic data, global climate events, or in key futures markets.

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IBKR ForecastTrader

Trade Forecast and Event Contracts from ForecastEx and CME

You can trade on two different regulated exchanges. ForecastEx lists forecast contracts on
US economic indicators and global climate events. CME lists event contracts on key futures markets.

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Forecast Contracts by ForecastEx LLC

Forecast contracts let you trade on the probabilities associated with the future outcomes of US economic events and global climate events. US economic events include Unemployment Claims, the Consumer Price Index, Retail Sales, Fed Funds, Housing Starts and many others. Global climate events include temperatures and atmospheric CO2.

To trade, simply choose YES or NO on a forecast contract.

ForecastTrader US CPI example
ForecastTrader US Payroll Employment example

Gain Exposure
While Limiting Risk

Forecast contracts provide exposure to US economic events and global climate events while limiting your risk because the max loss on each contract is limited to the price paid for the contract.

For each forecast contract you hold that expires “in the money”, in reference to the underlying settlement value, you receive a fixed payout of USD 1.00. Your max profit per contract is USD 1.00 minus the contract cost, fees and commissions. Forecast contracts are priced between USD 0.01 to USD 1.00 per contract and quoted in USD 0.01 increments.

Zero Commissions on Forecast Contracts

ForecastEx forecast contracts are offered at zero-commission at Interactive Brokers.

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ForecastEx Forecast Contracts Offer an Incentive Coupon – Current Rate Is 4.83% APR

ForecastEx forecast contracts pay an incentive coupon based on the closing market value of the positions. The incentive coupon accrues daily and is paid monthly. Incentive coupons are currently paid at a rate of 4.83% APR.

Example: If you purchase a position at USD 0.50 and the market closes at USD 0.50, the daily incentive coupon will be based on USD 0.50. If, on the following day, the market for the same contract closes at USD 0.70, the daily incentive coupon will be based on USD 0.70.

ForecastEx Contracts

CME Event Contracts

CME 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 CME listed event contracts in the Equity Index, Energy, Metals and Foreign currency futures markets. CME Event contracts are short-term positions good for that trading day only.

To trade, simply choose YES or NO on an event contract.

ForecastTrader S&P 500 example
ForecastTrader Gold example

Gain Exposure
While Limiting Risk

Event contracts provide exposure to key futures markets while limiting your risk because the most you can lose on each contract is the price you pay for the contract.

For each event contract you hold that expires “in the money”, in reference to the underlying futures settlement price, you receive a fixed payout of USD 100.00. Your max profit per contract is USD 100.00 minus the contract cost, fees and commissions. Event contracts are priced between USD 1.00 to USD 99.00 per contract and quoted in USD 1.00 increments.

Interactive Brokers offers a low, transparent commission of just USD 0.10 per event contract. 

View Commissions

CME Contracts

Interested in Trading Forecast and Event Contracts
at Interactive Brokers?

Already an Interactive Brokers Client?

Interactive Brokers clients can use their existing login credentials to access IBKR ForecastTrader.

If you already have Futures trading permission, you are permissioned for Event Contracts. If you do not have Futures trading permission but would like to trade Event Contracts:

  • Log in to Portal
  • Select User ("head/shoulders") > Settings
  • Under Trading, select Trading Permissions
  • Select Forecast and Event Contracts – Request
  • Select Request Permissions
  • Read and acknowledge legal documents and disclosures
  • Select OK

Trading permissions are usually approved overnight.

New to Interactive Brokers? Open an Account.

Interactive Brokers (Nasdaq: IBKR) is an automated global electronic broker that serves individual investors, hedge funds, proprietary trading groups, registered investment advisors and introducing brokers.

Our four-decade focus on technology and automation allows us to provide our clients with a uniquely sophisticated, low-cost global platform for managing investments.

Our clients enjoy low-cost access to stocks, options, futures, currencies, bonds and funds from a single unified platform.

Forecast and event contracts can only be traded on the IBKR ForecastTrader website. Open positions in forecast and event contracts can be viewed in your portfolio in Client Portal, TWS, IBKR Mobile, IBKR GlobalTrader and IBKR Desktop.

Forecast and event contracts are only available to eligible clients of Interactive Brokers LLC, Interactive Brokers Hong Kong Limited, and Interactive Brokers Singapore Pte. Ltd.