It is possible to short sell in a Cash account at IBKR Australia only if it is a Trading Account.
We offer three types of Cash accounts at IBKR Australia:
- Investment Account
- Trading Account
- SMSF Account (only available to Self-Managed Superannuation Funds)
The Trading Account is a cash account that does not permit debit balances, but will allow you to short stock and trade any of the available option strategies provided that you have the requisite trading experience and expertise outlined on our website. Further, Trading Accounts enable you to trade with unsettled funds.
If you currently have an Investment Account, you can submit a change of account type to a Trading Account by logging in to the Client Portal and selecting the User menu (head and shoulders icon in the top right corner) followed by Settings. Under Account Settings find the Account Configuration section and click Account Type. This may take 2-3 business days to review. This account type is available for all clients except SMSF clients.
Additional Information
- IBKR Australia account types and product offerings in our Knowledge Base.