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ForecastEx Review
ForecastEx is a CFTC regulated exchange for yes or no Forecast Contracts on economic, political, and climate events. It is owned by Interactive Brokers, not a forex broker.
Min Deposit
N/A
Spreads From
A built in fee near one cent is included in each one dollar and one cent contract pair
Max Leverage
Not applicable, Forecast Contracts are fully collateralized yes or no bets
Platforms
Access through Interactive Brokers and other member FCMs
Pros
- Registered with the CFTC as a Designated Contract Market and clearing house
- Backed by Interactive Brokers, a large publicly listed brokerage group
- Pays interest on posted collateral while a Forecast Contract stays open
- Clear yes or no contract structure that is easy for new users to follow
Cons
- No direct account signup, trading only happens through a member FCM
- Covers fewer event categories right now than rival Kalshi
- Very new exchange, having only launched its market on August 1, 2024
ForecastEx LLC is a Delaware company wholly owned by IBG LLC, the parent of Interactive Brokers. It launched its event contract market on August 1, 2024, after registering with the CFTC as a Designated Contract Market and a Derivatives Clearing Organization.
Forecast Contracts are simple yes or no bets on future events, covering things like US unemployment, CPI, GDP, interest rate decisions, and climate measures such as global temperature. Traders cannot open an account directly with the exchange itself. Instead, they trade through a qualified futures commission merchant, most often Interactive Brokers.
This is not a currency broker. ForecastEx charges a small built in fee near one cent on each contract pair and pays interest on posted collateral while a prediction is still open. Anyone comparing it to Kalshi, the other major CFTC regulated prediction market, will find ForecastEx offers a narrower range of markets right now.
Max Leverage
Not applicable, Forecast Contracts are fully collateralized yes or no bets
Spreads From
A built in fee near one cent is included in each one dollar and one cent contract pair
Platforms
Regulators
- CFTC (USA)
