Omnibus Broker

A type of Interactive Brokers account structure in which a broker user provides his or her clients with client service, marketing, a registration process, cashiering functions, trade entry, and individual client account record keeping. In an IBKR Omnibus Broker account, all trades are combined in a consolidated account and the broker user enters all client trades. Clients do not have access to electronic trading or Client Portal functions in an Omnibus Broker account.