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Trading UK CFDs and Metals

If you meet the eligibility requirements, you can request permission to trade United Kingdom CFDs and/or Metals. Currently, IB offers Over-the-Counter Gold (OTC Gold) trading in the Metals product category. When you elect to trade one or both of these products, IB creates a special IB-UKL account for you.

UK CFDs Eligibility Requirements

IB Customer	Eligible to Trade UK CFDs
All US customers.	No
All Canadian customers.	No
Customers from countries other than the US and Canada.	Yes
Japanese and Indian customers who trade through IB-UK.	Yes
IB-SJ and IB-India customers who do not trade through IB-UK.	No
Fully-disclosed Broker Clients of non-US and non-Canadian Brokers. The clients must meet the country eligibility requirements.	Yes
Non-disclosed and Omnibus Broker Clients,whose Master Account satisfies all other eligibility rules.	Yes
Fully-disclosed Broker Clients of US and Canadian Brokers.	No

Metals Eligibility Requirements

IB Customer	Eligible to Trade OTC Gold
US-based Eligible Contract Participants (ECPs). Complete the questions on the Investor Category page in Account Management > Trading Access to determine if you are eligible.	Yes
All US customers who are NOT Eligible Contract Participants.	No
All Canadian customers.	No
Customers from countries other than the US and Canada.	Yes
Japanese and Indian customers who trade through IB-UK.	Yes
IB-SJ and IB-India customers who do not trade through IB-UK.	No
Fully-disclosed Broker Clients of non-US and non-Canadian Brokers.	Yes
Non-disclosed and Omnibus Broker Clients, but only if their Master Account satisfies all other eligibility rules.	Yes
Fully-disclosed Broker Clients of US and Canadian Brokers.	No‘

To trade UK CFDs and/or Metals if You are an Advisor Master User

Log in to Account Management. The following screen appears if you meet the eligibility requirements to trade these products:

Do one the following:

Click Yes then Continue if you want to trade UK CFDs and/or Metals. Your Advisor Clients must log in separately to elect to trade these products.
Click No then Continue if you do not want to trade UK CFDs and/or Metals. If you answer No, your Advisor Clients will not be able to trade these products either.
Click Ask me later if you do not want to trade UK CFDs and/or Metals now, but might in the future. This screen will reappear until you answer Yes or No.

A special IB-UKL account is created for your Advisor Master User account. The account ID is identical to your Advisor Master User account ID, with the addition of the letter F appended to the end.

Once the IB-UKL account is approved, funds will automatically be transferred from your Uxxxxxx account when orders are placed.

Optionally, you can fund the IB-UKL account separately:

Log into Account Management.
Click Funds Management in the left pane, then click Cash Transfers.
To deposit funds directly into the IB-UKL account, select the account ending in “F” from the Account list, then select Deposit Cash from the Transaction list and select the deposit method of your choice. Complete the deposit notification to fund the account.
To transfer funds from your existing IB account to the IB-UKL account, select Transfer Funds Internally from the Transaction list, then select Funds Transfer from the Method list and complete and submit the funds transfer form to transfer funds into the IB-UKL account.

To trade UK CFDs and/or Metals if You are an Advisor Client User, Broker Client User or Individual User

Log in to Account Management. The Trading Configuration page appears if you meet the eligibility requirements to trade these products.
Read the note about trading these products, then click the check box ONLY if you do not want to trade these products.
In the Trading Permissions section of the page:

Click the Metals check box for Global to trade metals.
Click the CFD check box for the United Kingdom to trade UK CFDs.

Click Continue. The following page appears:
Click the links to read the trading disclosures, then click every check box on the page to signify agreement with all the conditions required to open your IB-UKL account.

Click Continue, and read and provide your electronic signature on the trading agreements and disclosures that appear.

On the last screen, which summarizes all of your trading permissions, look for the section entitled “Trading Permissions for your UKL account.”

A special IB-UKL account is created for your account. The account ID is identical to your regular account ID, with the addition of the letter F appended to the end.

Once the IB-UKL account is approved, funds will automatically be transferred from your Uxxxxxx account when orders are placed.

Optionally, you can fund the IB-UKL account separately:

Log into Account Management.
Click Funds Management in the left pane, then click Cash Transfers.
To deposit funds directly into the IB-UKL account, select the account ending in “F” from the Account list, then select Deposit Cash from the Transaction list and select the deposit method of your choice. Complete the deposit notification to fund the account.
To transfer funds from your existing IB account to the IB-UKL account, select Transfer Funds Internally from the Transaction list, then select Funds Transfer from the Method list and complete and submit the funds transfer form to transfer funds into the IB-UKL account.

To trade UK CFDs and/or Metals if You are an Broker Master User

Log in to Account Management. If you meet the eligibility requirements to trade these products, the following page appears:

Read the information on the page, then click the check box at the bottom of the page to indicate acknowledgement and click Continue.

A special IB-UKL account is created for your account. The account ID is identical to your regular account ID, with the addition of the letter F appended to the end.

Once the IB-UKL account is approved, funds will automatically be transferred from your Uxxxxxx account when orders are placed.

Optionally, you can fund the IB-UKL account separately:

Log into Account Management.
Click Funds Management in the left pane, then click Cash Transfers.
To deposit funds directly into the IB-UKL account, select the account ending in “F” from the Account list, then select Deposit Cash from the Transaction list and select the deposit method of your choice. Complete the deposit notification to fund the account.
To transfer funds from your existing IB account to the IB-UKL account, select Transfer Funds Internally from the Transaction list, then select Funds Transfer from the Method list and complete and submit the funds transfer form to transfer funds into the IB-UKL account.