Does client categorisation affect the Appropriateness Assessment?

Yes, but you may only take the Knowledge Test for a specific product up to 3 times in a 24 hour period.

Additional Information…

A per se Professional Client is a client that is presumed to have the experience, knowledge and expertise to make their own investment decisions and properly assess the risks involved.

---…

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…

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. …