Your IBKR Universal Account may be eligible to trade securities, commodities/futures, and cryptocurrency products. Based on eligibility and trading permissions, a Universal Account comprises up to three underlying accounts or account segments: a securities account governed by rules of the US Securities and Exchange Commission (SEC), a futures account governed by rules of the US Commodity Futures Trading Commission (CFTC), and a Cryptocurrency account. As part of our Universal Account service, you have authorized us to automatically transfer funds as necessary between your securities account and your futures account in order to satisfy margin requirements in either account. Crypto Plus accounts do not automatically sweep funds to/from the Cryptocurrency segment.
Use the button above or follow the below procedure to configure excess funds sweep in Client Portal:
- Log in to Client Portal
- Click User menu (head and shoulders icon in the top right corner) followed by Settings
- Click Account Settings find the Account Configuration
- Click Excess Funds Sweep to configure how you want us to handle the transfer of excess funds between the two segments of your account.
You can choose the following as your sweep method:
- Do not sweep excess funds
- Sweep excess funds into my securities account
- Sweep excess funds into my commodities account
Please Note
- All customer deposits are initially received into your securities account and will remain in that account unless you choose to sweep excess funds to your commodities account.
- If you are identified as a securities pattern day trader, you can check your settings to see if you are sweeping excess funds into your securities account.
- Regardless of your choice, we will generally keep a small buffer of excess margin funds in each account in order to prevent excessive transfers back and forth as your margined securities and futures positions fluctuate in value.
- Crypto Plus accounts do not automatically sweep funds to/from the Cryptocurrency segment. All cash movements involving cryptocurrencies must be done manually from the Client Portal Transfer & Pay tool.
- Only the cash resting in the Securities segment of your Universal Account count toward Securities Buying Power, SMA and securities Day Trading. If you are actively trading Securities and Commodities, you can edit your Excess Funds Sweep setting to "Sweep excess funds into my securities account" any unused excess cash from your account's Commodities segment. The unused funds resting in the Commodities segment can be moved back to the Securities segment by IBKR after those funds have cleared any commodities statutory margin hold period.
This feature is not available in IB Australia, IB Hong Kong, IB India, IB Ireland, IB Japan, IB Singapore, and IB UKL accounts. See: How do I transfer funds from UKL account to securities account?
Additional Information