The documents which are required to be submitted as part of the application process vary by the account type (e.g., trader and investor, institutional, educator, referrer) and its structure (e.g., individual, trust, partnership, corporation, LLC). Detailed requirements are available on the website by selecting the Open Account link, then choosing your account type from the drop-down window and then clicking on the link titled "What You Need".
What documents are required to open an account?
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What account types are offered to applicants?
IBKR offers individual, joint, trust, IRA, UGMA/UTMA, partnership, corporation, Limited Liability Company and unincorporated business account types. The account type available to a given applicant depends upon a combination of their country of legal residence (or formation if an entity) and the desired account structure. Visit our website to view…
What is a Family Advisor or Non-Professional Advisor account?
IBKR's Family Advisor and Non-Professional Advisor solutions let you manage, trade and report on multiple accounts from a single master account. The Family Advisor and Non-Professional Advisor accounts allows you to manage 15 or fewer accounts of varying types under a single login including Individual, Joint, Trust, IRA, UGMA/UTMA, Corporation, Partnership, Limited Liability Company, and Unincorporated Legal Structures. The specific limits vary by jurisdiction and the types of accounts in the structure…
Can I open a Joint account with more than two account owners?
IBKR offers joint accounts with only two owners. If you wish to open an account with multiple owners in excess of two, you would need to first form a legal entity such as a partnership, corporation, limited liability company or unincorporated business and then submit an application on behalf of that entity. Documentation required of entity accounts includes proof of existence (click…
Converting from an individual to limited liability account
The process of converting from an individual account to a Limited Liability Company (LLC) account is outlined below:
- As the LLC 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 LLC account application must be completed online.The online LLC application may be initiated by visiting this…