How can I update my information?
EU Appropriateness Knowledge Quiz
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I do not know the answers to the Knowledge Test. What should I do?
The Test is designed to help give an accurate understanding of your knowledge of the risks associated with trading a given type of product. It is in your interest to take the Test in good faith to help us assess your knowledge effectively, and, more importantly, to help you fully appreciate the risks of the product you are considering to trade…
Can I retake the Knowledge Tests?
Yes, but you may only take the Knowledge Test for a specific product up to 3 times in a 24 hour period.
Additional Information…
If a product is not appropriate for me can I still trade?
If you do not pass the Appropriateness Assessment, you will be notified and warned of the risks of proceeding with your request. If this occurs, we expect you to make an informed decision about whether you wish to proceed with your permission request to trade the relevant product. In certain limited circumstances, we may reject your trading permission request, remove or downgrade your trading permissions to prohibit you from opening trades in such products that are not appropriate for you…
When are Appropriateness Assessments undertaken?
The Appropriateness Assessment is a regulatory investor protection measure and applies to all our trading permissions apart from the stock permission which is a non-complex product appropriate for all our clients.
Our clients take an Appropriateness Assessment either during the account opening process or when enabling a new trading permission to determine which products should be enabled on the account. You might be asked to retake the Assessment if, for example, your previously provided information is no longer accurate or out-of-date due to change in circumstances. It is your responsibility to inform us as soon as possible of any change in previously provided information. You can do so by updating your Account Profile online. …
Does the Appropriateness Assessment apply to all trading permissions?
The Appropriateness Assessment is a regulatory investor protection measure and applies to all our trading permissions, apart from the stock trading permission, that consists of non-complex products.
The Appropriateness Assessment is especially required for trading products with complex features that make it more difficult for a client to understand the product, for example Options, Futures and Leveraged products. …
Why is the Appropriateness Assessment important?
The Appropriateness Assessment is required by Interactive Brokers to meet regulatory requirements and to help protect our clients.
It is in your interest to provide accurate, complete and up-to-date information for the purpose of Appropriateness Assessment…
Does client categorisation affect the Appropriateness Assessment?
Firms are not obliged to perform Appropriateness Assessments on clients categorized as Per se professional. However, generally, it is our policy to Assess Appropriateness for our professional clients too.
Additional Information…
What is the difference between Suitability and Appropriateness?
Appropriateness and Suitability assessments are key regulatory investor protection measures. Where a firm will conduct a Suitability or an Appropriateness assessment depends on the services being offered.
Firms that do not provide investment advice, like IBKR, are required to conduct an Appropriateness Assessment on certain products. The Appropriateness Assessment is based on the client’s knowledge and experience relevant to the specific type of financial instrument, investment product or service requested by the client. …