Can I convert my individual account to an institutional account?

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 an Individual to Joint type or vice versa must first…

The process of converting from an individual account to a trust account is outlined below:

1. As the trust account structure differs from that of the individual in terms of account holder information required, legal agreements and, in certain cases, taxpayer status, direct conversion is not supported and a new trust account application must be completed online…

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 an individual to a trust or LLC type must first initiate…

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…