What is this document and who is it for?

This FAQ explains how Interactive Brokers (U.K.) Limited (“IBUK”) categorises its clients under UK MiFID rules. It explains what each client type means. It also explains what protections you may gain or lose if you switch types.

This is most important if you are considering asking to be treated as a Professional Client instead of a Retail Client.

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Interactive Brokers (U.K.) limited - MiFID categorisation
How are margin rules applied during account updates, and what should I do if I notice discrepancies?
What are the categories of clients?
Who is categorised as a Retail Client?