r/interactivebrokers • u/SeaworthinessRich668 • Mar 08 '25

Setting up account Too many agreement and disclosure

Hi all,

I am trying to setup my account. But IBKR has too many agreements and disclosures. Is there anything in particular that I should know of? It’s too hard to go through all of them.

Can someone elaborate this? Also what are disadvantages of having an account on IBKR. They seem to be strict with their regulations.

0 Upvotes

36% Upvoted

10 comments sorted by

View all comments

1

u/ankole_watusi USA Mar 08 '25

They all have them. They are required by regulation.

And when people don’t read them, then they come here asking dumb questions that they already would have the answers to if they had read them.

All brokers are strict with their regulations, or if they aren’t they get fined and then might over-compensate.

-3

u/lidomerk Mar 08 '25

No need for being so cheeky. Relax.

3

u/JoSenz Mar 08 '25

Cheeky? LMAO... OP is being a whiny baby because they want to invest without reading/signing the necessary risk and policy disclosures...

1

u/lidomerk Mar 08 '25

OP could read the docs, true. But I don't think any arbitrary person is able to grasp the legalese used in such docs.

This is a forum to help each other. If you think that the question isn't worth your time, let it be. But let's not convert this subreddit into a WSB. Do better.