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Duration: 2:37

Level: Beginner

The Main Goals:
See how mutual funds can be purchased using Interactive Brokers’ trading platforms; Learn how to track trades and see when trades are entered, pending, accepted and confirmed; Find out how to transfer mutual funds from one bank or brokerage account to another.

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Study Notes:

Trading Mutual Funds at Interactive Brokers and How to Transfer Mutual Funds

In this lesson, we will delve into how trading mutual funds works at Interactive Brokers. Interactive Brokers offers thousands of mutual funds from hundreds of different companies, known as fund families, including thousands of funds with no-loads or no transaction fees.

How To Trade Mutual Funds at Interactive Brokers

Now we will explain how orders can be placed using the Classic version of Interactive Brokers’ primary trading platform, called Trader Workstation or TWS.

Here is an example of how to place a trade using Trader Workstation.

  1. Enter the trade
  2. Review the trade entry
  3. Confirm the trade entry
  4. Receive a trade pending notification (after 4 PM Eastern Time)
  5. Receive trade accepted confirmation (next morning) or view trade confirmation reports in account management or see trade confirmation reports by date
  6. Trades can also be placed using Client Portal and using the trading applications on IBKR Mobile,
    the Interactive Brokers mobile trading app.

How to Transfer Mutual Funds to Interactive Brokers

Let’s say you already own shares in a mutual fund but want to transfer those shares to Interactive Brokers. Shares you already own can be transferred to Interactive Brokers via the Automated Customer Account Transfer Service or ACATS for short. This system can be used to transfer securities, including mutual funds, from one bank or brokerage account to another.

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.

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