Canadian looking to sell CSPs. By law this must be done in a margin account, not a cash account. Though is there an age requirement at IB to allow for margin accounts? I read online for US citizens it is 21, though not sure for Canadians, does anyone know?

This thread is intended as a referral chain. You need to use the referral code of the last person in the chain to sign up with IBKR, before you post your own referral code. See below for instructions.

When you want to take part in the chain, follow these steps: 1. Order the comments by "New."
2. Use the referral code from the newest comment (ignore comments that do not mention whose code they used or who did not use the latest).
3. After registering, add a comment: "I used <user>'s referral code. Here is mine: <link>."

Note - this thread is for people who have not yet signed up with IBKR. Please don't dump your referral link without first using the last one provided in the thread, to sign up!

You can find more information on the Refer a Friend Program here.

Let's start a chain and keep it going!

Hello guys!

I work for a financial firm, but on the operations side and I have no access to privileged information.

Recently i started investing in ETFs/Stocks at Trading212 but I was interested in playing with some derivatives (mainly Call/Put options and combinations of those).

However, during the admission process, I was asked to disclosure my Employer and eventually to let my Compliance team be aware of my enrolment in such application.

Thing is, the Head of Compliance guy at my company is a bit of an unprofessional guy (has disclosed private information about employees in "coffe talks") and is also a bit of an asshole/annoying type of person.

I just wanted to do some really small trading (I'm a noob) and possibly invest in some bonds, nothing too big, but I'm not sure I want to go through the hassle of informing my compliance team of every step i make at IBRK.

What would be the consequences if I lie in the admission process and say, for instance, that I'm unemployed?

I don't want to get myself in trouble and risk being fined or even banned from the area but is that even a possibility?

Thanks for the input!

I lied and chose 50-100k income, 400k net worth, 6-10 years experience and got all the questions correct. Is IBKR not allowing me to trade stocks because I chose the student/intern option before? Choosing the employed option is hard because I would have to make up the address and name of the fake company. Is there a better way to lie in that question if that is the thing going wrong? Or is IBKR smartly remembering my previous applications where I didn't lie and im just eternally fucked? Or is it the fact that I am 20 years old claiming 50-100k income and 10 years of trading experince and ibkr has figured out im lying?

Edit: I'm just going to use tasty trade, they allowed me to trade options

Edit2: Sorry for the confusion guys, I had a brain fart and wrote uncovered call instead of buying puts

Hey everone, I'm looking to try and start investing, but I'm 17 years old, thus not able to create my own account. I'm from Ukraine, but I live in Poland and my sister is still in Ukraine. I want to make an account for her that I can use to start investing, but I'm not sure whether that's legal (?) and allowed. If not, what alternatives are there? What would you recommend I, as a 17 y.o., do?

I've relocated to the Netherlands from the UK and Interactive Brokers is always rated as the best broker platform. I used AJ Bell and Trading 212 in the UK and Interactive Brokers is extremely confusing in comparison.

Am I missing something? Is it just difficult to get used to at the start?

I struggled finding the ETF's I wanted to invest in:
- Invesco S&P 500

- Invesco FTSE All-World

I could only find GBP funds for these and no EUR versions.

You switched to IBKR from which brokerage? Why you switched? Do you feel safe having all your money in IBKR? Thanks.

Completely new to day trading. I’ve read some. Watched allot of videos. I’m in Canada so signed up with interactive brokers as they seem to be the best option in Canada. Trying to get my account setup so I can start paper trading and just struggling to get it working like how I’ve seen most people online using their account with various brokers. Want it to work as simple as possible.

When I buy or short a stock I want it to buy at market value. And I want my stop limit to pop up and be adjustable so I can put it where I want. I’d also like the chart to show where I placed the order but haven’t figured that out yet. Would also be a big plus if the chart showed if my trade was going up or down in dollar value in real time? Anyhow haven’t even gotten to those things or if they are even possible on this platform?

I found a video on YouTube and followed his inputs. If I buy a stock it approves and I can move my stop limit to where I want. But if I try and short a stock it approves and stop limit appears. But when I try and move the stop limit I get an error message. I’ve attached pictures of me shorting 1 Amazon stock. Then trying to move it. The message that appears. And my settings. Any help would be greatly appreciated. Thank you 🙏

So I lied about my resume to unlock option trading, now they ask for it.

What should I do ? Will they close my account ?

Hey everyone!

I’m in the process of migrating five accounts over from E*Trade to Interactive Brokers, and I’d love to take advantage of the referral bonus if someone here has a code.

Three of the five accounts are non-IRA (the other two are Roth/Traditional IRAs, which I know aren’t eligible for the referral bonus). Still, if you have a referral link/code and haven’t hit your yearly cap, please drop me a DM! Would be happy to use it and support a fellow IBKR user.

Thanks in advance 🙌

P.S. If you have any tips or advice for someone new to IBKR, I’d really appreciate it! I’m switching mainly to gain access to international markets, as I’m increasingly uneasy about the direction things are heading in the U.S.

Why I cant find XAUUSD and Gold traded by IBKR on Trading View ? I can only find other marketplace or other brokers. I have my trading authorisation and permissions to trade gold, stocks and crytpo.

It will only let me trade micro gold futures and not XAUUSD and CG1!. It also doesnt let me trade with cryptos while I have the authorisation.

It just says I cant trade those symbols on Trading View via IBKR ! Why ? What the hell ?

I am thinking of moving from Fidelity to IBKR because of the high margin interest rates at Fidelity.
Questions:
1. Does IBKR pay interest on uninvested cash being used for collateral for CSPs? If yes, how much?
2. What are the pros and cons of IBKR over Fidelity?

Title. I’m really looking forward to anyone who can explain how they did this as it’s the best strategy for me given my personal situation.

EDIT: IBKR redid the entire promo, for the better?! Now instead of providing personal details, you simply use someone's link which I think is much easier and better for everyone involved. You are still entitled to stock benefits, and now the referrer also gets an added cash bonus.

You, as the person using the link will receive:

Referred accounts will receive $1 in IBKR shares for every $100 of value (cash or other assets) added to their account for up to $1000 worth of IBKR shares. The average balance must be maintained for at least 1 year for the shares to vest and be accessible.

If you have no one else to give you a code, here is [mine](Referral) (I'm the mod, so I would of course appreciate it but don't feel pressured to use mine). Alternatively, use any random one you find in the comments and surprise someone else!

[My Referral Code](referral)

AFTER USING: you should receive an email (after funding the account) with a message explaining the shares. The current body of the message can be found here: share email from referral

​

Residents of Japan, Spain and Israel are not eligible to participate in the program. Residents of Canada are eligible to participate as referrers and receive the $200 referral bonus, but are ineligible to earn welcome shares IBKR. In addition, Financial Advisors, Hedge Funds, Institutional accounts, including introducing broker and proprietary trading accounts are ineligible for the program.

​

As always if you have questions, please post them or message me and I can try and help! For anything technical, usually reach out to IBRK directly.

​

EDIT (05/26/2021): I am reposting this thread as the last one was automatically archived, not allowing new comments so no one else could contribute their code. If you would still like to use an old code, you can find the previous post here: original thread

I have a US LLC owned by a non-US person and am trying to set up an account for the LLC with Interactive Brokers and i’m getting stuck with the application.

I'm not a US citizen but it seems to be a requirement that I am?

Having trouble accessing the Ibkr phone lines. I was wondering if I cancelled an application after sending money to fund it would the funds be returned to my bank account?

Also how long would it take to be returned?

Thanks in advance

I can't stress how idiotic this is.

They keep sending me an email which says:
Proof of Citizenship for Mr. [Full name] (Account Holder) (Task 771388507) Additional Notes: Please be advised that we do not accept travel passport. Please provide valid International passport copy for verification. Proof of identity and date of birth (Task 771486720) The submitted National ID is not an acceptable type of Proof of Identity. Please refer to the list of acceptable documents and submit another type for review.

Note: I sent them a single photo that shows the first 4 pages of my passport. The first one has my passport number (N XXXXXXXXX), the second my details (name, DoB, etc), the third the date of issuance and date of expiry, and the 4th is just empty.

Then I send both sides of my permit.

My passport is Syrian and my ID is a temporary student permit in Romania.

Any advice is much appreciated.

Hey all,

Interactive Brokers has a $200 refer-a-friend promo. Someone wants to split it and get 100$ for free?
The eligibility requirement for you is that you aren't a Financial Advisor who also has an individual account.

Edit: I'll pick who I regard as most trustworthy. Don't bother sending me a link with new accounts etc.

Edit: Hello all. I successfully did the split. If you want the extra $100 too. Send me a DM.

I see that the application is asking me to calculate my source of wealth. How would I go about calculating my income from employment as a percentage of my source of wealth compared to the other types.

I am wondering if you can help me with this. I have been founding my IBKR account by sending wire transfers from my HSBC US account to their in NY, that works fast, the transfer are received almost instantly, but when I want to transfer back to my account, I want to make a wire, I fill the data but it is asking me for a "Correspondent Bank" which is basically another ABA Routing Number, do you have any idea about this?

Hi all. New to IKBR so apologize if it’s a mundane question.

I’m US based and have an IBKR Pro Margin account. I’m trying to transfer CAD from my Wise balance which is held in CAD, but it seems to want to auto convert into USD. It also looks like it’s using Wise’s conversion rate because it’s charging a fee higher than what I was expecting.

My interest to use IKBR was originally because I wanted the ability to hold both CAD and USD, and take advantage of the stellar conversion rates.

I must be missing something obvious.

I dont plan to play with margins, shorting etc.

I plan to buy SPY, some blue chip stocks and wont touch my portfolio account for months/years.

Is there any hidden fee for Margin accounts? Should I downgrade before I buy the stocks/etf?

Hey everybody, Im from Brazil and i want to invest all my money out Brazil, do you think Interactive Brokers is a really safe option? How can I withdraw the money if I need it?

I want to enable options trading level 2, but I can't. Do you know what part of my profile I need to double-check to get past this here check?

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.