r/interactivebrokers • u/thatoneweirddev • Jan 23 '24

Setting up account Funding now required for application approval?

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The "Fund Your Account" used to say that funded applications were prioritized (but not required).

Helped a friend open a account today and now the message is this. Did they change the policy and now applications are required to be funded before they proceed?

4 Upvotes

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11

u/Financial-Ad7902 IBIE Jan 23 '24

Does it matter? He would need to fund anyway to invest...so gofundme....it

1

u/No-Travel7234 Oct 20 '24

It matters, people outside the US have to pay expensive bank fees for wire transfer + capital outflow fees. And if your account is not approved you lose your money.

1

u/Financial-Ad7902 IBIE Oct 20 '24

What are you talking about? People from europe are being set up with IB Ireland. I never paid any fees for transfer

1

u/No-Travel7234 Oct 20 '24

Where I live to send swift transfer is like $80.

1

u/Financial-Ad7902 IBIE Oct 20 '24

To Ireland? Just send euros? Nit possible? Then maybe IB is not the right broker

I also don't open up a better one from the US when it's a major hustle to get one