Is the interest rate different for Retail and Non-Retail investors at IBKR Australia?

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…

IBKR Australia currently treats all self-managed super funds (SMSFs) as retail investors.

Additional Information…

For negative rate currencies, IBKR Lite clients will get the same benefit as IBKR Pro clients of not being charged interest on the first tier. However, IBKR Lite clients will be charged on Tier 2 balances at a rate of the IBKR Pro rate minus 1%.

For more information, please review the webpage for…

The capability of withdrawing funds on margin from an IBKR Australia margin type account depends on the investor category:

• Natural person clients can withdraw funds on margin only in case they are classified as wholesale investor or professional investor, subject to a risk based margin rule and only for the purpose of repaying another credit facility…