Interactive Brokers (IBKR) considers several key factors when granting trading permissions. These factors are assessed during the account application phase or when requesting a trading permissions upgrade.
The main elements considered are:
Age
- There is a minimum age requirement for certain trading permissions.
Financial Information
- Liquid net worth
- Income level
- Overall net worth
Investment Objectives
- Your stated goals for investing are taken into account.
Product Knowledge
- Your understanding of various financial products is evaluated.
Prior Trading Experience
- Years of trading experience
- Minimum number of annual trades
These factors collectively form your financial profile, which is used to determine your suitability for specific trading permissions. The assessment helps ensure that traders have the appropriate level of experience and financial stability for the requested trading permissions.
It is important to keep your account information accurate and up-to-date.
To update your financial profile:
- Log into Client Portal
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings
- Under Account Settings find the Account Profile section
- Click Financial Profile
- Select and update the relevant fields
- Click CONTINUE to advance through the screens
- If you do not participate in the Secure Login System for two-factor authentication, you will receive an email with a confirmation number. Enter the confirmation number sent to you via email, then click CONTINUE. If you have not received a confirmation number, click Request Confirmation Number to have a new confirmation number sent to your email address.
- Click OK.
Ensuring all this information is accurate and current in your profile will help expedite the approval process and demonstrate your readiness for the requested trading permissions.
Please Note
- IBKR cannot disclose its eligibility requirements for products. Please do not contact Customer Service to ask for these criteria as they cannot provide additional information.
- If clients do not have the requisite experience or knowledge, they can take a quiz that will be scored. If they pass the quiz (60%) and meet the other requirements, they will be approved for the trading permission.
- If rejected for a requested trading permission, clients cannot make that same request for 30 days, either in the application or later in Client Portal.