IBKR Lite is generally offered to direct US clients and any US client of an independent Advisor, including both Cash and Margin type accounts. Direct accounts must be natural persons (i.e. cannot be Legal Entity, Org, etc.). For standalone trust accounts, all trustees/beneficiaries on the account must be natural persons. For trust accounts that are under an advisor, the trustees/beneficiaries may be legal entities.
Account Types and Clients Eligible for IBKR Lite:
- US resident individuals, joint, IRA and trust accounts
- US Professional or Non-Professional Advisors (Review Requirements) and their clients
- US fully disclosed introducing brokers and their clients
*IBKR may allow introducing brokers to go Lite on an exceptional basis.
Additional Resources