Who can open an account?
Who can open an account?
US residents aged 21 and over, on mobile or desktop. Who can open an account →
How do I deposit money?
How do I deposit money?
Linked bank account (ACH), one-time ACH transfer, or wire. ACH deposits are free; linked-account funds are typically available almost instantly. Funding your account →
What does trading cost?
What does trading cost?
One fee: the ForecastEx transaction fee of $0.01 per contract, per side, charged at execution. Lumina adds nothing on top, and there are no account or inactivity fees. Fees and costs →
Do I earn anything while I hold a position?
Do I earn anything while I hold a position?
Yes. Open positions accrue an incentive coupon daily and are paid monthly, at a rate tied to the Effective Federal Funds Rate. Both sides of a market earn it, whichever way the contract resolves. Incentive coupons →
How do withdrawals work?
How do withdrawals work?
ACH or wire, initiated from the app. Your first two withdrawals each calendar month are free; after that, fees depend on the method. Withdrawing from your account →
Where is my money held?
Where is my money held?
At Interactive Brokers (Nasdaq: IBKR), segregated from broker funds under CFTC rules and reconciled daily. Where your money is held →
What do the prices mean?
What do the prices mean?
A contract's price reads as a probability: Yes at 40¢ means the market prices a 40% chance. What prices mean →
When do I get paid after a market resolves?
When do I get paid after a market resolves?
Settlement occurs daily at 1:00 PM Central Standard Time: contracts resolved before 12:00 PM Central Standard Time settle the same day, and contracts resolved at or after 12:00 PM Central Standard Time settle the next day. The winning side receives $1.00 per contract. How markets resolve and settle →
Can I get out of a position before resolution?
Can I get out of a position before resolution?
Yes. You can close any position while the market is open, to lock in a gain or limit a loss. Buying Yes vs. No →
Can I lose more than I put in?
Can I lose more than I put in?
On a simple position in a $1 binary contract, your maximum loss is what you paid plus the transaction fee.
Where are my tax forms and statements?
Where are my tax forms and statements?
Settings → Reports: activity statements, trade confirmations, and official IBKR-generated tax forms (1099, 1099-R, 1042-S, 8949) per tax year, downloadable as PDF, HTML, or CSV. Taxes and documents →