Are Professional accounts subject to different commission rates?

The Market Data Group continuously reviews Professional or Non-Professional client designations for market data subscriptions. The reasons a client's status would change from Non-Professional to Professional are:

• The Non-Professional Questionnaire (NPQ) is outdated or not on file…

If a client changes their market data status mid-month from Professional to Non-Professional the system will terminate any Professional market data and will look for the matching Non-Professional market data package. If there is an exact match, the system will automatically subscribe to the matching Non-Professional market data package and IBKR will issue a refund for the Professional market data subscription. The refund will be given typically on a one day lag from when the Non-Professional data was subscribed to. If there is no matching market data package, the Professional market data package will still be terminated but there will be no refund issued for that month…

There is no minimum deposit to open an advisor master account. However, please note that advisor master accounts must have funds in the account to pay for market data subscriptions and in some cases, commissions and fees for your clients (should you elect to pay them). …

You will be categorised as a Retail Client if you are an individual or legal entity that does not meet the criteria to be a Professional Client or an eligible counterparty.

Professional Clients or eligible counterparties (with other firms) can ask IBUK to treat them as Retail Clients. Retail Clients get the highest level of protection under UK MiFID and FCA rules…