OPEN IRA ACCOUNT

U.S. citizens living anywhere in the world and U.S. resident aliens may open cash or margin Individual Retirement Accounts (IRAs)…

CHANGE IRA BENEFICIARY

Use the button above to change the beneficiaries on your IRA account:…

CREATE A CHECK DEPOSIT NOTIFICATION

In order to receive payee and mailing instructions, you must submit a deposit notification in your IRA account…

Yes, ETFs can be purchased and held in an IRA account.

However, if the ETF is organized as a partnership with unrelated business taxable income then it is not allowed. See: Why am I unable trade MLPs in my IRA?…

An outline of the trading permissions and restrictions associated with various IRA account types is available in the Interactive Brokers Knowledge Base.

Please Note…

As the assets in an IRA account are not eligible to be pledged as loan collateral, and stock ordinarily serves as the collateral securing payment of a margin loan, account holders are not permitted to buy stock on margin in either a Cash or Margin type IRA account. All stock purchases must be paid for in full with cash.  In addition, other transactions which require a margin account such as shorting stock and selling uncovered options are not allowed in either a Cash or Margin type IRA account…

The Taxpayer Relief Act of 1997 created the Roth IRA, which allows tax-free withdrawals after age 59 1/2, provided certain guidelines are met. Please refer to the IRS website www.irs.gov for details of the Roth IRA guidelines and contribution amounts. Contributions to a Roth IRA are not deductible and the maximum annual contribution in 2016 is the lesser of 100% of compensation or $5,500. Taxpayers who are age 50 or older may contribute an additional $1,000. Non-working spouses may also contribute up to $5,500 ($6,500 if age 50 or older) to a Roth IRA. Contributions may be made beyond age 70½. There are no required minimum distributions on Roth IRAs…

All IRA accounts with IBKR are self-directed…

IBKR offers a wide range of IRAs, including:

• Traditional
• Traditional Rollover…

Clients may select a Base Currency other than USD for their IRA account although this election does not allow any different trading permissions than those determined by the "Cash" or "Margin" type account election. In addition, only balances denominated in USD may be withdrawn or transferred from an IRA account. …

Yes, bonds and mutual funds can be purchased and held in an IRA account.

More information on trading permissions in an IRA account can be found in our IBKR Knowledge Base…

Please note that IBKR does not support the direct re-characterization and conversion of a given account type to another as each structure typically requires specific account holder information, legal agreements and, in certain instances taxpayer reporting. Account holders who seek to convert their account from a IRA to a taxable account must first initiate a new account application for a margin account and then withdraw the funds from the IRA account back to their bank and re-deposit funds into the new taxable account…

IBKR does not allow trading or holdings of securities such as Master Limited Partnerships (MLPs) or Publicly Traded Partnership (PTP) in retirement accounts that have the potential to generate UBTI (Unrelated Business Taxable Income) as this type of income has the potential to trigger taxes and tax reporting in an otherwise tax-deferred account type…

UPDATE FINANCIAL INFORMATION, INVESTMENT OBJECTIVES OR EXPERIENCE

IBKR allows clients who satisfy the option qualification requirements…

If you have an IRA Cash type account, you must wait for settlement to reuse the funds from a closing trade for a new order. An IRA Margin account does not allow traditional margin loans, but it does allow clients to use funds from closing trades to enter a new order for products with similar settlement dates. You can request a change from an IRA Cash type account to an IRA Margin type account in Client Portal.  …