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Duration: 6:40

Level: Beginner

In this initial lesson, we’ll show you how to access IBKR Mobile on your iPhone device, and introduce you to customizing your Watchlists and viewing quote details.

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Study Notes:

In this lesson, we’ll walk you through how to get started with IBKR Mobile on the iPhone – 

  • We’ll login and show you how to navigate the app 
  • Show you the new homepage and how to access the Watchlists 
  • And – share tips on how to customize the Watchlists

Before you can log into IBKR Mobile, you’ll need to download the app from the Apple App store.  

Once IBKR Mobile is downloaded, tap the icon to open it up.   

I’ll tap the Trade button to log in.

At the top of the application, you can choose to login into your live account or in paper account mode. For this course, we’ll be using the Paper account.

In the center of the screen, you can enter your TWS username and password. You can turn on SSL encryption, which adds an extra layer of security for your trading information, then log in.

If you log into your paper account, you will see a warning message to let you know that this is not a brokerage account, click “I understand and accept” to proceed.

You’ll see icons at the bottom of the screen, let’s tap the home icon. Here you’ll see:

  • Your top portfolio positions – you can tap the arrow to see your portfolio
  • Current market indexes
  • update
  • Top News and Portfolio News
  • Watchlist favorites
  • And links to your account statements, transaction history and more.

Let’s tap the Watchlist eye icon at the bottom.

Column headers appear at the top of the Watchlist. In this example, you’ll see the instrument, last traded price, change and volume. You’ll also see the tick dots and change value color changes to reflect the directional movement.

You have the flexibility to add multiple instruments with different asset types. For instance, in this Watchlist, I have stocks, futures and currencies displayed.

Tap any row to see a mini chart with today’s high and low, 52-week high and low, and bid and ask prices displayed.  If you have a position, you’ll see it appear below the instrument with associated P&L and Unrealized P&L.

If you tap on the mini chart, anywhere in that instrument area or on the arrow, a new screen will appear with more in-depth details, a bigger chart, news and research and more. We’ll cover the Quote Details screen in a little bit.

Back on the Watchlist, swipe down to see the Search for symbol text box. Use this to quickly search for a symbol in the Watchlist. For example, I can enter the symbol TSLA.  Now, TSLA opens with a mini chart with more details including your position, P&L and Today’s High and Low.

Next to the Search for symbol text box, you’ll see a blue box with a + sign, tap this icon to manage your Watchlist columns.

You’ll see the selected columns, use the 3 horizontal lines to rearrange the order.

Tap + Add Columns on the lower left to see a full list of columns that may be added. You can search All Columns or tap a category. For instance, I can tap the Position and P&L category and select Avg Price and then tap Done on the top right. Now, you’ll see the Avg Price column display in the Watchlist.

To remove an instrument, select Edit, then tap the red circular icon next to the instrument and tap Delete.

Tap and drag the 3 horizontal bars to rearrange the order of the instruments.

You can edit the Watchlist name and even add or delete a Watchlist. Tap Done when you’re finished with your edits.

You can easily access other Watchlists by simply tapping +NewList above the column headers.

To access the main menu, tap the 3 horizontal lines.  Here’s where you will see more features that you can drill down into.

If you tap Edit on the top right, you’ll see icons that may be added to icon bar at the bottom of the screen. Simply drag the icons that you want to use onto the bar. Back to the Watchlist, to add a new instrument to a Watchlist, choose Add Financial Instrument. Enter a symbol, such as KO and tap the search icon, then select the asset type – Stock, Futures, Options, Warrant and CFD.

In addition, you can view option chains and create option combos with the Strategy Builder, use the new Spread Template tool or create future spreads.

Below that, you’ll see the symbol KO on the Mexican exchange.

In this example, I’ll choose stock. You will now see the new instrument appear in the Watchlist.    This time I’ll tap +New List to create a new Watchlist named Options.

I’ll add the instrument KO and select Options.  You’ll see the nearest options display under Select Instrument. Another way to select an option is to use the option chain.

This time I’ll enter the symbol AAPL and tap Search, then select Option Chain and Strategy Builder.

Here, you can view the expiries at the top. Swipe left to see more entries.

One more tip – you can ensure that all of your Watchlists display the same columns (even if you make changes to one of them).

To do this, tap More on the bottom right, then select Configuration. Swipe up to the Display section and enable “Sync all Watchlist columns”.

Under ‘Cloud’ – you’ll see Watchlists Import. Tap this to import Watchlists from TWS desktop or other devices.

More setting features are available in Configuration and we’ll link out the user guide in the study notes for this lesson.

Now that you know how to login and navigate IBKR Mobile on the iPhone, let’s turn our attention to the next lesson on IBKR Mobile in Traders’ Academy.

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Supporting documentation for any claims and statistical information will be provided upon request.

Any stock, options or futures symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD). To receive a copy of the ODD call 312-542-6901 or click here. Multiple leg strategies, including spreads, will incur multiple commission charges.

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