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Using the GlobalTrader Swap

Lesson 5 of 8

Duration 2:59
Level Beginner
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The Interactive Brokers‘ (IBKR) GlobalTrader Stock Swap feature lets the investor swap out the position in a stock they own for an approximately equal value of the stock they would like to own. It is important to note that the stocks must trade in the same currency.

The Swap feature can be accessed several ways in the GlobalTrader app.

  • An investor can tap the blue “Trade” icon at the bottom of any screen and select Swap, and select a stock position to sell and one to buy
  • From the Portfolio page, the investor can tap on a stock, the Swap button is in the bar across the bottom, when tapped it will automatically populate with the selected stock and the investor can choose the new stock to buy
  • In a Watchlist, the investor can tap on a stock and the Swap feature will populate either the sell area if a position exists or the buy area if the investor currently does not have a position
  • Or tap Explore. Type in a symbol, and follow the steps previously mentioned for the Portfolio or Watchlist, the stock will appear in either the buy or sell area depending on whether there is an existing position.

In this example, the investor chooses a position from the Portfolio page to swap out. Once the stock is selected, they will tap on the Swap icon at the bottom of the screen and the symbol will populate the sell area.

The investor taps on the buy area and a list of stocks similar to the one being sold will appear. The investor can also see recently searched symbols by tapping on “Recent” or type a symbol into the search bar at the top of the screen. If the investor selects a stock that trades in a different currency a warning will appear, and they must reselect.

Once the investor has chosen a stock, it will populate the buy area and the amount of shares, share price, and the approximate value of the purchase will populate the screen. It is important to note that both orders will be market orders and the size is set to the current position of the stock the investor is swapping out of.

When ready the investor taps the blue “Preview” button, and a summary of the order will appear showing the approximate values of the shares as well as commission. Once the investor is satisfied with the order, they tap the blue “Submit Swap Order” button at the bottom of the page and a screen will appear confirming that the order was submitted and then filled. The investor can tap the blue “Done” button, go back to the Portfolio page and see their new position.

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IBKR GlobalTrader

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If you have a general question, it may already be covered in our FAQs. If you have an account-specific question or concern, please reach out to Client Services.

14 thoughts on “Using the GlobalTrader Swap”

  • Minas Mina

    Please explain why this feature is useful.

    • Interactive Brokers

      Thank you for reaching out. As stated in the article, the Interactive Brokers‘ (IBKR) GlobalTrader Stock Swap feature lets the investor swap out the position in a stock they own for an approximately equal value of the stock they would like to own. For more information on GlobalTrader, please view our website: https://www.interactivebrokers.co.uk/en/trading/globaltrader/overview.php
      We hope this helps!

  • David

    Can I access this tool from IBKR desktop? Thanks very much.

    • Interactive Brokers

      Thank you for reaching out. No, you cannot access the GlobalTrader swap feature in IBKR Desktop. We appreciate your feedback and have passed it to the appropriate team. In the future, please use this FAQ to leave specific suggestion(s) on how we can improve: https://www.ibkr.com/faq?id=32653353

      Also, you can also post in the Feature Poll in Client Portal where other IBKR users can comment and vote:

      https://portal.interactivebrokers.com/portal/#/suggestions

      We hope this helps!

  • Gouda

    Will you be able at some point this year to swap assets of different currencies?

    • Interactive Brokers

      Thank you for asking. At this time, this is not on our roadmap. However, we have passed your feedback to the appropriate team. In the future, if you have any specific suggestions, please review this FAQ on where you can leave your feedback:
      https://www.ibkr.com/faq?id=32653353

  • Sven

    Is there a way to swap just one part of position or only full position can be swapped?

    • Interactive Brokers

      Thank you for asking. The size is set to the current position of the stock the investor is swapping out of. We hope this information is helpful!

  • Rock

    Swap from USD Stocks to Bitcoin would be good?

  • John Doe 1

    Is this swap feature provided as default or do I have to enable it first to see “Swap”? I am not seeing the Swap feature.

  • Investor 1

    Does swapping stocks trigger CGT event?

  • Alexander 2

    Can I swap a stock I have for more than another one that I already own?

    • Interactive Brokers

      Thank you for asking. Yes, this is possible. This feature allows you to close a position in one asset and open a position in another with a single order. We hope this helps!

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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.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Order Types / TWS

The order types available through Interactive Brokers LLC's Trader Workstation are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.

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