Trade Mutual Funds

Instructions

Choose a fund and trade from the trading window or the Order Ticket.

Before you can trade funds, you must upgrade your trading permissions in the Portal.

To Trade a Fund

  1. Add a fund to your trading window:

    1. For Classic TWS, from the Edit menu select Mutual Fund Selector.

    2. Select a fund family in the left pane, and then choose the fund(s) you want to trade in the right pane. Click OK.

    Note: Data for funds only appear in the Last or Close price fields. Mutual funds are accumulated throughout the day and transmitted to the funds at 15:59 for pricing.

  2. From the trading window, click the Bid field for a sell order and the Ask field for a buy order.

    • For a Sell order, enter the quantity in the Quantity field.

    • For a Buy order, enter a dollar value in the price field. The number of shares purchased is calculated after the funds are priced.

  3. Click “T” to transmit your order.

    The mutual fund selector in classic TWS.

Buy orders are entered in dollars. Sell orders can only be entered in shares. Mutual funds can only be submitted as Market orders as they are priced once per day after the market closes.

For more details on mutual funds and to access electronic prospectuses, see the Funds product page.

Mutual Fund Scanner

  1. From Mosaic - From the New Window drop-down select Advanced Market Scanner.

    From Classic TWS - From the Analytical Tools menu select Advanced Market Scanner. Use the icons to the far right of the command to open the scanner as a new window (recommended) or as a new tab.

  2. Select Mutual Fund from the Instrument list.

  3. Enter your filter criteria and press Search.

  4. A list of Mutual Funds will appear at the bottom of the window.

    The mutual fund scanner in TWS.

 

Additional Resources

Learn About Mutual Funds in Trader Workstation at IBKR Campus

Visit the Trader Workstation Website