What are my options for successor/beneficiary in my TFSA?

Overview

The majority of all liquidations occur due to margin violations. There are two main types of margin violations that apply to margins accounts, Maintenance Margin and Reg. T Margin…

Overview:

Our margin compliance policy does not allow for transfers or other deposits if there is a margin violation/deficit in the account. In the case of a margin violation/deficit, the account in deficit is immediately subject to liquidation. Automated liquidations are accomplished with market orders, and any/all positions in the account can be liquidated. There are cases where, due to specific market conditions, a deficit is better addressed via a manual liquidation…

When you withdraw funds out of your IBKR account the beneficiary is automatically set by the system as yourself, the account holder at IBKR. It is not possible to swap the order of your first and last name as beneficiary of the cash withdrawal.

As per our experience, this generally is not an issue, as long as your full name is on record as account holder at IBKR. However, there could be problems if your middle name is not specified. In this case, please see:…

IBKR's margin compliance policy does not allow for transfers or other deposits if there is a margin violation/deficit in the account.  In the case of a margin violation/deficit, the account in deficit is immediately subject to liquidation. Automated liquidations are accomplished with market orders, and any/all positions in the account can be liquidated. There are cases where, due to specific market conditions, a deficit is better addressed via a manual liquidation…