U.S. citizens living anywhere in the world and U.S. resident aliens may open cash or margin Individual Retirement Accounts (IRAs). It is not possible to open an IRA account in name of a Trust. However, it is possible to designate a Trust as beneficiary of an IRA account. An IRA account must be established and maintained in only one individual's name. At this moment we do not offer a Spousal IRA account type. Clients can open a Traditional IRA account and include the spouse as beneficiary. See: How can I designate a beneficiary on my account?
New clients who fall under IB-IE, IB-UK and IBLLC-US can start the application from the Open Account link on our webpage. The account application is completed online and can be initiated by clicking the red 'Open Account' button located in the upper-right hand corner of our home page. From there, choose the option for 'Individual Investor or Trader'. Click the 'Start Application' button. Be sure to choose IRA as the account type. Once complete, your application will then be reviewed for approval by our Compliance Officer. Please allow time for the completion of the due diligence checks and application review.
If you have an existing Interactive Brokers account with IBLLC or IBUK, you can open a linked IRA account through Client Portal:
- Log into Client Portal.
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings.
- Under Account Settings find the Trading section
- Click Open an Additional Account.
- Choose which option best fits the account type you wish to open and click Select.
- Follow the prompts on screen and, once complete, your application will then be reviewed for approval by our Compliance Officer.
Please allow time for the completion of the due diligence checks and application review.
Please Note
- If you have a joint account you must login to Client Portal with the username associated with the beneficial owner of the IRA.
- For IRA applications started under IB-IE and IB-UK, applicants are required to declare US as tax residency before they can proceed to the next step. If they are non-residents and declare other countries as tax residency, they will not be able to proceed to W8 to fill in their SSN.
- US Citizens who reside in Australia, Canada, Hong Kong, India, Japan, and Singapore can not open an IRA account.
Additional Information