Welcome to Interactive Brokers

概観: 

Now that your account is funded and approved you can start trading. The information below will help you getting
started as a new customer of Interactive Brokers.

  1. Your Money
  2. Configure your account to trade
  3. How to trade
  4. Trade all over the World
  5. Five points to enrich your IB experience

 

1. Your Money
Deposits & Withdrawals General Info. All transactions are administered through your secure Account Management
Deposits
First, you create a deposit notification through your Account Management > Funding > Fund Transfers > Transaction Type: “Deposit” How to create a deposit notification. The second step is to instruct your Bank to do the wire transfer with the bank details provided in your Deposit Notification.
Withdrawals
Create a withdrawal instruction via your secure Account Management > Funding > Fund Transfers > Transaction Type: "Withdrawals" How to create a withdrawal instruction
If you instruct a withdrawal over the Withdrawal limits, it will be considered an exceptional withdrawal and we will therefore need to match bank account holder and IB account. If destination bank account has been used for a deposit, withdrawal will be processed; otherwise, you must contact customer service and provide the documents needed.
Troubleshooting
Deposits: My bank sent the money but I do not see it credited into my IB account. Possible reasons:
a) A fund transfer takes 1-4 business days
b) A Deposit Notification is missing. You have to create it via your Account Management and send a ticket to Customer Service
c) Amending details are missing. Your name or IB account number is missing in the transfer details. You have to contact your bank and ask for the full amending details.
d) ACH initiated by IB is limited to 100k USD in a 7 business period. If you opened a Portfolio Margin account where the initial requirement is 110k, a wire deposit might be the better deposit option to reduce wait time for your first trade. If selecting ACH a wait time of almost 2 weeks or a temporary downgrade to RegT can be possible solutions.
Withdrawals: I have requested a withdrawal but I do not see the money credited to my bank account. Possible reasons:
a) A fund transfer takes 1-4 business days
b) Rejected. Over the max it can be withdrawn. Please check your account cash balance. Note that for regulatory requirements, when the funds are deposited, there is a 3 day holding period before they can be withdrawn.
c) Your bank returned the funds. Probably because receiving bank account and remitting bank account names do not match.

 

2. Configure your account to trade
Difference between Cash and Margin accounts: If you have chosen the FastTrack application, by default your account type is a cash account with US stock permission. If you would like to get leverage and trade on margin, here how to upgrade to a RegT Margin account
Trading Permissions
In order to be able to trade a particular asset class in a particular country, you need to get the trading permission for it via your Account Management. Please note that trading permissions are free. You might however be asked to sign risk
disclosures required by local regulatory authorities. How to Request Trading Permissions
Market Data
If you want to have market data in real-time for a particular product/exchange, you need to subscribe to a market data package charged by the exchange. How to subscribe to Market data
The Market data assistant will help you choose the right package. Please watch this Video explaining how it works.
Customers have the option to receive delayed market data for free by clicking the Free Delayed Data button from a non-subscribed ticker row.
Advisor Accounts
Have a look at the user guide getting started as advisors. Here you see how to create additional users to your advisor account and grant them access and much more.

 

3. How to trade
The Trader's University is the place to go when you want to learn how to use our Platforms. Here you will find our webinars, live and recorded in 10 languages and tours and documentation about our various Trading Platforms.
Trader Workstation (TWS)
Traders who require more sophisticated trading tools can use our market maker-designed Trader Workstation (TWS), which optimizes your trading speed and efficiency with an easy-to-use spreadsheet interface, support for more than 60 order types, task-specific trading tools for all trading styles, and real-time account balance and activity monitoring. Try the two models
TWS Mosaic: for intuitive usability, easy trading access, order management, watchlist, charts all in one window or
TWS Classic: the Advanced Order Management for traders who need more advanced tools and algos.
General Description and Information / Quick start guide / Usersguide
Interactive Tours: TWS Basics / TWS configuration / TWS Mosaic
How to place a trade:  Video Classic TWS / Video Mosaic
Trading tools: General Description and InformationUsers guide
Requirements: How to install Java for WindowsHow to install Java for MAC / Port 4000 and 4001 needs to be open
Login TWSDownload TWS
WebTrader
Traders who prefer a clean and simple interface can use our HTML-based WebTrader, which makes it easy to view market data, submit orders, and monitor your account and executions. Use the latest WebTrader from every browser
Quick Start Guide / WebTrader User's Guide
Introduction: Video WebTrader
How to place a Trade: Video WebTrader
Login WebTrader
MobileTrader
Our mobile solutions allow you to trade your IB account on the go. The mobileTWS for iOS and the mobileTWS for BlackBerry are custom-designed for these popular models, while the generic MobileTrader supports most other Smart phones.
General Description and Information
Order Types Order Types available and Description / Videos / Tour / Users guide
Paper Trading General Description and Information / How to get a Paper Trading Account
Once your paper account is created, you can share the market data of your real account with your paper trading account: Account Management > Manage Account > Settings > Paper trading

 
4. Trade all over the World
IB accounts are multi-currency accounts. Your account can hold different currencies at the same time, this allows you to trade multiple products around the world from a single account.
Base Currency
Your base currency determines the currency of translation for your statements and the currency used for determining margin requirements. Base currency is determined when you open an account. Customers may change their base currency at any time through Account Management.
We do not automatically convert currencies into your Base currency
Currency conversions must be done manually by the customer. In this video you can learn how to do a currency conversion.
In order to open a position denominated in a currency that you do not have in your account, you have two possibilities:
A) Currency conversion.
B) IB Margin Loan. (Not available for Cash Accounts)
Please see this course explaining the mechanics of a foreign transaction.

 

5. Five points to enrich your IB experience
1. Contract Search
Here you will find all our products, symbols and specifications.
2. IB Knowledge Base
The Knowledge Base is a repository of glossary terms, how-to articles, troubleshooting tips and guidelines designed to assist IB customers with the management of their IB accounts. Just enter in the search button what you are looking for and you will get the answer.
3. Account Management
As our trading platforms give you access to the markets, the Account Management grants you access to your IB account. Use Account Management to manage account-related tasks such as depositing or withdrawing funds, viewing your statements, modifying market data and news subscriptions, changing your trading permissions, and verifying or changing your personal information.
Log In Account Management / AM Quick Start Guide / AM Users Guide
4. Secure Login System
To provide you with the highest level of online security, Interactive Brokers has implemented a Secure Login System (SLS) through which access to your account is subject to two-factor authentication. Two-factor authentication serves to confirm your identity at the point of login using two security factors: 1) Something you know (your username and password combination); and 2) Something you have (an IB issued security device which generates a random, single-use security code). As both knowledge of your username/password and physical possession of the security device are required to login to your account, participation in the Secure Login System virtually eliminates the possibility of anyone other than you accessing your account.
How to Activate your Security Device / How to Obtain a Security Code Card / How to return Security device
In case you forgot your password or lost your security code card, please call us for immediate assistance.
5. Statements and Reports
Easy to view and customize, our statements and reports cover all aspects of your Interactive Brokers account. How to view an Activity Statement 

 

常见问题 - 转换为以IBUK作为持有经纪商

 

一般问题

 

问:将发生什么变化?

答: 盈透将扩大由IB UK清算并持有的客户活动范围,把某些目前由IB LLC处理的活动也包括在内。目前,除实物商品(如金和银)和一些非交易所挂牌的差价合约(CFD)外,IB UK通过IB LLC清算所有客户活动。为区分以IB UK清算的IB UK活动与IB LLC活动,我们创建了一种用于内部记录的账户IBUKL来保存IB UK活动。该IBUKL账户将用于清算及持有更为广泛的产品类型,包括股票、交易所指数基金(ETF)、期权、期货、期货期权及外汇。
 
 

问: 为什么要这么做?

答: IB客户群既包括美国账户也包括非美国账户,正倾向于变得更为国际化。目前很大一部分非美国客户群的活动在美国经纪自营商IB LLC处清算、持有并托管(除CFD、实物金属及所有通过IB印度和IB日本账户处理的活动),将部分活动转移到IBUKL具有很大优势,因规管结构更接近于客户所在地。

这些优势包括将客户的非美国商品及证券头寸结合进同一个账户部分,通过头寸对冲及基于风险的方法获取更为有利的保证金,将目前分开维持的现金余额汇总并减小向美国税收的暴露以减小借入成本/增加贷方利息。
 
 

问:IB UK和IBUKL的区别是什么?

答: 盈透证券(英国)有限公司("IB UK")是经过金融市场行为监管局(FCA)授权在英国境内运营的经纪商。相比之下IBUKL并不是法律实体,而是用于指定一系列通过IB UK处理的客户行为的内部记录或标记操作。目前,该操作仅包括场外产品(通过IB UK清算并以其作为对手方),包括非交易所挂牌CFD及实物商品(如金和银)。

 

问: 什么是产品介绍计划?

答: 我们将从向现有IBUKL产品清单中添加非美国股票指数产品(如具有相同现金底层证券作为交付产品的期货与期权)开始。这包括如FTSE、CAC、Hang Seng、Nikkei & DAX等指数。我们将为这些产品创建新的许可,名为“国际股票指数”,新客户及合格现有客户均可使用。合格现有客户包括有期权许可及在过去12个月中有头寸活动的非美国账户。这些现有客户将自动获得该许可。

非美国股票指数产品转换完成后,我们将按下列顺序扩展到其他产品:外汇、期货、非美国股票。

 

问: 被分配了IBUKL账户的客户也将持有IB LLC账户吗?

答: 有可能,绝大多数情况下会。如果客户仅交易当前可在IBUKL账户清算及持有的产品组,则理论上他们没有必要持有IB LLC账户。有其他头寸的客户将保留或需要开立IBLLC账户。

 

问: IBUKL账户和IB LLC账户一样有多个部分吗?

答: 没有。存在于IB LLC账户中的多个部分反映美国一分为二的规管结构,其中对证券产品的监管由证券交易委员会(SEC)进行而商品产品由商品期货交易委员会(CFTC)进行。除个股期货外(联合规管),CFTC或SEC不会在对方管辖的账户中提供对自身规管产品的清算或保证金。这些包括客户保护规则(具相似目的,应用不同),旨在按仅满足证券部分或商品部分要求的金额分离资产。

作为IB UK主要规管方的FCA既监管证券产品又监管商品产品,所有IBUKL认可头寸将在同一部分持有。


问: 在IBUKL账户持有的头寸将使用哪种保证金方式?
答:头寸将不会受到美国Reg. T保证金要求限制,而是应用一种基于风险(VAR)的方式。起初,新产品切换到IBUKL账户后,将应用本地交易所/清算方式(常为SPAN),账户要求将为多种方式的集合。之后,IB将在整个账户中使用常用方式,该方式基于IB当前独有的投资组合保证金模式。
 

 

问:需要签署额外披露或协议吗?在哪里可以浏览?

答: 由IBUK持有产品的IBUK客户可以在IB网站的产品与服务 > 表格与披露下查看新客户协议

 

 

问: 我可以在账户间划转资金吗?

答: IBLLC和IBUK是独立法律实体,剩余资金将不能在两个账户间自动转移,但要满足保证金要求时例外。该种情况下,IB将自动在IBLLC和IBUK账户间转移所需资金满足保证金要求。 账户管理中剩余资金划转选项仍将有效,但仅会影响IBLLC账户。

  

问: 转换过程中及转换后如何处理利息计算?

答:对在IBLLC持有现金余额的客户,将继续根据在证券及商品账户中分别持有的已结算现金余额计算利息。在IBUK持有现金余额的客户将有一个现金余额,借记或贷记利息将在此基础上计算。

 
 

客户保护

 

问: IBUK账户能为我提供何种保护?

答:IBUK是金融服务补偿计划"FSCS"成员。当前对投资的最大补偿水平为每公司每人5万英镑。补偿水平可能发生改变,要获取最新信息,请见FSCS网站:www.fscs.org.uk/

 

问:哪里可以看到关于客户保护的更多信息?

答:您可以在KB2012看到有关客户保护的更多信息。

 

问:IBUK提供超出行业标准的保护吗?

答:IBUK不提供超出FSCS之外的保护。
 

 

问: 劳埃德( Lloyds)保险是否也可以应用于IBUK账户? 

答:不,某些伦敦Lloyds保险代理提供额外SIPC保险;但不适用于IBUK持有经纪商持有的产品。
 

 

问: 如果默认客户保护对我并不是那么有利,那我为什么要更换账户?

答: 在IBUK持有资产具有多种好处。这些优势包括将客户的非美国商品及证券头寸结合进同一个账户部分,通过头寸对冲及基于风险的方法获取更为有利的保证金,将目前分开维持的现金余额汇总并减小向美国税收的暴露以减小借入成本/增加贷方利息。

 
 

问: 我可以选择仍作为IBLLC客户以便受益于SIPC保护吗?

答: 目前,IB倾向于将某些产品组转换到IBUK,因此所有持有这些产品的客户将转换到IBUK。将来可能可以将这些产品在IBLLC持有,但目前尚不可以。
 
 

问: 是否有可能IBUK破产而IBLLC不会?

答: 理论上可能,但我们认为这种情况不会出现。背景信息是,IB LLC和IB UK均为盈透证券集团有限公司(Interactive Brokers Group LLC)的全资子公司。独立实体存在多出于规管目的,我们相信任何一方都不会破产,母公司允许其中的一方破产就更不可能了。另外,IB的85%由管理层和员工持有,持有人具有金钱方面的动力维护其投资并保护两个实体不致破产。

Frequently Asked Questions - Conversion to IBUK as a Carrying Broker

 

General

 
Q: What is changing?

A: IB will be expanding the range of client activities cleared and carried by IB UK to include certain activities currently handled by IB LLC. Currently, IB UK clears all client activity through IB LLC with the exception of physical commodities (i.e., gold and silver) and those CFDs which are not exchange listed. To differentiate the IB UK activity cleared as IB UK from that which is introduced to IB LLC, an internal bookkeeping account known as IBUKL has been created to house IB UK activity. This IBUKL account will be used to clear and carry a broader range of product types including stocks, ETFs, options, futures, futures options and Forex.

 
Q: Why are we doing this? 

A: IB’s client base, historically a mixture of both U.S. and non-U.S. accounts, is becoming increasingly more international in number. While a substantial portion of the activities of this non-U.S. clientele is currently cleared, carried and custodied by the U.S. broker dealer, IB LLC (excluding CFDs, physical metals and all activity conducted through IB India and IB Japan accounts), there are significant benefits to transferring certain activities to IBUKL where the regulatory structure is more closely aligned with that of the client’s domicile.

These benefits include the consolidation of client’s non-U.S. commodities and securities positions into a single segment, the opportunity for more favorable margin treatment through position offsets and risk based methodologies, the ability to reduce borrowing costs/increase credit interest by consolidating cash balances currently maintained in separate segments and minimizing exposure to U.S. tax reporting.
 
 
Q: What is the difference between IB UK and IBUKL? 

A: Interactive Brokers (UK) Limited (“IB UK”) is a broker authorized by the Financial Conduct Authority (FCA) to operate within the UK. IBUKL, in contrast, is not a legal entity but rather an internal bookkeeping or labeling convention used to designate a subset of customer business which is transacted through IB UK. Currently, that activity consists solely of OTC products which IB UK clears and is the counterparty to, including non-exchange listed CFDs and physical commodities (i.e., gold and silver).

 

Q: What is the product introduction plan?

A: Initially, we will begin by adding non-U.S. stock index products (i.e., futures and options having the same cash underlying as their deliverable) to the existing IBUKL product offering. This includes indices such as FTSE, CAC, Hang Seng, Nikkei & DAX, among others. A new permission titled “International Equity Indexes” will be created for these products and it will be made available to new clients as well as qualifying existing clients.  Qualifying existing clients include non-US accounts having option permissions and a position or position activity over prior 12 months. These existing clients will be auto-subscribed to this permission.

Once the non-U.S. stock index products have been rolled out, we will expand eligible products in the following order: forex, additional futures and then non-U.S. stocks.

 

Q: Will clients assigned an IBUKL account also have an IB LLC account?
A: Possibly, and in most cases, likely. In the case of a client only trading the product set currently eligible for clearing and carrying in the IBUKL account, there will theoretically be no need for them to maintain a IB LLC account.  Clients who have other positions will retain or need to open an IBLLC account.

 

Q: Will the IBUKL account maintain multiple segments like the IB LLC account?

A: No. The multiple segments which exist in the IB LLC account reflect the bifurcated regulatory structure in the U.S. whereby oversight of securities products is administered by the Securities and Exchange Commission (SEC) and commodity products by the Commodities Futures Trading Commission (CFTC).  With the exception of the single stock future, which is jointly regulated, neither the CFTC nor SEC rules provide for clearing or margining a product which they regulate in an account where the other regulator holds jurisdiction. These includes the customer protection rules which, while similar in intent, differ in their application, and are designed to segregate assets in an amount necessary to satisfy solely those claims associated with either the securities segment or commodities segment, as applicable.

As the FCA, the primary regulator of IB UK, oversees both securities and commodities products, all IBUKL eligible positions will be housed within a single segment.


Q: What margin methodology will be used for positions maintained in the IBUKL account?
A:
Positions will not be subject to U.S. Reg. T margin requirements, but rather a risk-based (VAR) methodology. Initially, as new products are migrated to the IBUKL account, the native exchange/clearing methodology (typically SPAN) will be employed and the account requirement will be an aggregate of multiple methodologies. Moving forward, IB will use a common methodology for the entire account, with this methodology based upon IB's current proprietary portfolio margining model.

 
Q: What additional disclosures or agreements are required? Where may I view these?
 
A: A new customer agreement for IBUK clients holding products carried by IBUK is available on the IB website under Products & Services > Forms & Disclosures
 
 
Q: Can I sweep funds between the accounts?
 
A: As IBLLC and IBUK are separate legal entities, excess funds will not be eligible to be automatically moved between the two accounts with the exception of the need to meet a margin requirement. Under such circumstances, IB will automatically move the funds necessary to meet the margin requirement between the IBLLC and IBUK accounts. The Excess Funds Sweep selection available to customers through Account Management will continue to be available; however this will impact only IBLLC accounts.
 

 

Q: How will interest calculations be handled both during the conversion and after the conversion?
 
A: Customers holding cash balances with IBLLC will continue to have interest calculations made based on the settled cash balances held in the security and commodity accounts separately. Customers holding cash balances with IBUK will have 1 cash balance on which credit or debit interest will be calculated.
 
 

Customer Protection

 
Q: What type of protection is available to me in an IBUK account?
 
A: IBUK is a participant in the Financial Services Compensation scheme "FSCS". The current maximum levels of compensation for investment are £50,000 per person per firm. Compensation levels are subject to change and for up to date details, refer to the FSCS website at www.fscs.org.uk/
 
 
Q: Where can I obtain additional information regarding customer protection?
 
A: You may refer to KB2012 for additional information regarding customer protection
 
 
Q: Does IBUK offer additional protection above the industry standard?
 
A: IBUK does not offer additional protection above the FSCS.
 
 
Q: Does Lloyds insurance also apply to IBUK accounts?
 
A: No, certain underwriters at Lloyds of London provide excess SIPC policy coverage; however this is not available for products held under the IBUK carry broker.

 
Q: Why should I change my account if the customer protection in case of default is less advantageous to me?
 
A: There are several benefits for holding assets under IBUK. These benefits include the consolidation of client’s non-U.S. commodities and securities positions into a single segment, the opportunity for more favorable margin treatment through position offsets and risk based methodologies, the ability to reduce borrowing costs/increase credit interest by consolidating cash balances currently maintained in separate segments and minimizing exposure to U.S. tax reporting.
 
 
Q: Can I elect to remain a customer of IBLLC in order to take advantage of SIPC protection?
 
A: At this time, IB intends to convert certain product sets to IBUK and as such all customers holding the intended product set will be migrated to IBUK. While it may be possible in the long term to maintain such products in an IBLLC account, this will not currently be possible.
 
 
Q: Can IBUK fail and IBLLC not?

A: While theorectically possible, we believe this scenario to be improbable.  As background, IB LLC and IB UK are both wholly-owned subsidiaries of the same parent, Interactive Brokers Group LLC. The separate entities exist largely for regulatory purposes and while we believe it highly unlikely for either to fail, it would be even more so for the parent company to allow only one to do so. Moreover, since approximately 85% of IB is owned by management and employees, there exists a pecuniary incentive by the owners to preserve their investment and protect both entities from failure.

 

Selecting a billing account

Account holders who maintain multiple accounts which are linked together by a common may designate the account from which any monthly market data subscription fees are to be billed. This feature may be of benefit to individuals who wish to ensure that such fees are deducted from the account maintaining the greatest equity (to minimize the likelihood of a disruption in service due to insufficient funds and/or position liquidations to cover subscription fees) or are not deducted from accounts subject to contribution limits (e.g., IRAs).

To designate a billing account, you would need to first log in Account Management and select the Trading Access and then Market Data Subscriptions menu options. You will be presented with a screen similar to that below (Exhibit 1) which includes a drop-down list box of all accounts which are linked and from which a billing account may be designated. Select the desired account and then click on the 'Change Billing Account' button.

Exhibit 1

 

You will then receive the following message confirming your selection (Exhibit 2). Note that changes will take place effective with the next monthly billing cycle (market data subscriptions fees for a given month are generally deducted in the first week of the successive month).

Exhibit 2

 

Account holders should also pay special attention to the notice provided through the 'Explain' mouse over (Exhibit 3) which details certain limitations with respect to this feature. Also note that this designation feature only serves to designate the account from which market data subscription fees are to be deducted and has no impact upon other fees such as the monthly minimum activity fee, interest and commissions, all of which are billed to the account in which they are incurred.

Exhibit 3

Linking Accounts

概観: 

Account linkage allows for individual account holders maintaining multiple existing accounts or seeking to open a new account the ability to group those accounts together.  In the case of a new account, linkage afffords the opportunity to open the account without having to complete a full application, with the account holder providing solely that additional information which is specific to the new account.  New account linkages are initiated either from the Account Management of the existing account (via Account Administration and then Create Additional Account menu options) or automatically when initiating a new application from the website. The following article outlines the steps for linking one or more existing accounts.

STEP 1

To consolidate accounts, the account holder should start by logging into Account Management with the user name of that account he/she wishes to consolidate all the other qualifying accounts to.  This will be the surviving user name and is restricted to that account which has the highest level security device if different devices are in place (if the account holder wishes to retain a user name which is not associated with the highest level security device they will need to share the highest level device of that user). Once logged in, the account holder should select the Account Administration and then Link Existing Account menu options (Exhibit 1). 

 Exhibit 1 

 

STEP 2

The next screen (Exhibit 2) will list the user names eligible for consolidation.  Note that there is no ability to consolidate a subset of the accounts. If a decision is made to consolidate, it must include all.  In addition, while an account holder may place the consolidation request at any time, the actual consolidation takes place as of the close of business each Friday.  If the account holder attempts to initiate the process from an account which has a user name they wish to retain but which does not maintain the highest level device, they will be provided the oportunity to share that highest level security device with this account (Exhibit 2a). To proceed, click on the Link Accounts button.

 

Exhibit 2

 

Exhibit 2a

STEP 3

 

The account holder will then be prompted to confirm the user name and password for the first user name to be consolidated (Exhibit 3) and will be prompted to repeat this confirmation an authentication step for each user name to be consolidated.

 

Exhibit 3

 

STEP 4

If your accounts maintain personal information (e.g., phone number, address, DOB), financial information or investment experience which differs between the accounts you will be presented with a screen which allows you to select the information on hand which is accurate and which will be updated to all accounts.

Exhibit 4

 

STEP 5

Once step 3 has been completed for all eligible user names the following screen (Exhibit 5) will be displayed which allows the user to cancel the consolidation request. Note that this screen will be displayed only up until the time that request has been processed as of the close of business on the Friday following entry. After that time, the consolidation becomes final and irrevocable and the linked user names disabled.  In addition, the cancellation option is provided solely when logging in with the surviving user name.  If the account holder logs into Account Management with one of the non-surviving user names and selects Link Existing Account menu option the screen view will be similar to that of Exhibit 6.  In addition, the status of your request will be shown as a Pending Request upon Account Management login until complete (Exhibit 7).

 

Exhibit 5

 

Exhibit 6 

 

 Exhibit 7 

 

IMPORTANT NOTES

* Once linked, account access to Account Management and the trading platform is accomplished using a single user name and password each of which will contain a drop-down window for selecting the account that the owner wishes to act upon.

* Consolidating accounts has no impact upon the Monthly Minimum Activity fee, that is, each account  ID is obligated to generate a minimum of USD 10, or equivalent, in commissions for a given month or be charged the difference.

* Account holders maintaining multiple security devices are required to consolidate to the user name associated with the highest level device.  The hierarchy of security devices from highest level to lowest level is as follows: Platinum, Gold, Alpine and Security Code card (Bingo).  If two or more user names have the device considered highest, the account holder may choose among those.  In the event the account holder wishes to retain a particular user name which is not associated with the highest level device, the account holder must initiate the link request by logging into that account and requesting that the higher level device be shared (Exhibit 2a).

Note that device sharing requests initiated prior to 5:00 PM ET will not take place the following day. Until that time login access will continue using the existing authentication process and devices. Also note that depending upon the timing of this request, the token share may take effect prior to the the linkage request (processed after the close of business each Friday).

* As market data subscriptions are billed at a session level (i.e., user name) and only a single TWS session can be open for any one user at a given time, account holders previously maintaining subscriptions for multiple users have the opportunity to consolidate subscriptions to a single user.  Account holders wishing to view multiple TWS sessions simultaneously may add additional users (subject to separate market data subscribtions). In addition, only those market data subscriptions already associated with the surviving user name will remain in effect following consolidation.  Account holders maintaining different subscriptions across multiple users are advised to review those subscriptions subject to cancellation in order to determine which they wish to resubscribe to under the surviving user name.  Also note that the market data subscriptions either terminated or initiated mid-month are subject to billing as if they were provided for the entire month (i.e., fees are not prorated).

Non-Objecting Beneficial Owner (NOBO)

概観: 

A NOBO refers to an account holder who provides its carry broker (i.e., IB) permission to release their name and address to the companies or issuers of securities they hold.  These companies or issuers request this information in the event they need to contact shareholders regarding important shareholder communications such as proxies, circulars for rights offerings and annual/quarterly reports.  IB, by default, classifies clients as a NOBO but allows client to have their classification changed to that of an Objecting Beneficial Owner (OBO).  To do so, clients are required to provide formal notice of their request to be classified as an OBO through a Message Center ticket available via Account Management.

Tax Treaty Benefits

概観: 

Income payments (dividends and payment in lieu) from U.S. sources into your IB account may have U.S. tax withheld.  Generally, a 30% rate is applied to non-U.S. accounts.  Exemption from the withholding or a lower rate may apply if your home country has a tax treaty with the U.S.  Complete the applicable Form W-8 to find out your status. 

Background: 

Tax Treaties*

U.S. tax treaties with some countries have different benefits.  Legal tax residents of the following countries may be eligible for the treaty benefits.  Below is a list of the tax treaty countries.  Benefits vary by country.

Australia Czech Republic India Lithuania Sweden
Austria Denmark Indonesia Poland Switzerland
Bangladesh Egypt Ireland Portugal Thailand
Barbados Estonia Israel Romania Trinidad & Tobago
Belgium Finland Italy Russia Tunisia
Bulgaria France Jamaica Slovak Republic Turkey
Canada Germany Japan Slovenia Ukraine
China, People's Rep. Of Greece Kazakhstan South Africa United Kingdom
Commonwealth of Ind. States Hungary Korea, Rep. of Spain Venezuela
Cyprus Iceland Latvia Sri Lanka  

*Country list as of April 2009

 

Refer to IRS Publication 901 for details on withholding rates for your tax residence country and your eligible benefits.

 

Why am I required to provide a W-8 if I am not a US citizen or resident?

As IB LLC is a carrying broker domiciled in the U.S., it is required to report information and, in certain instances, make payment of withholding taxes to the U.S. tax authority, the Internal Revenue Service for all account holders. To certify oneself as a non-U.S. person, a Form W-8 is requested at the time of application and is required to be re-certified every three years thereafter. If IB does not receive the W-8 or the account holder fails to re-certify the W-8 in a timely manner, then the account holder is presumed to be a US person and, absent a W-9, may then be subject to back-up withholding taxes on interest, dividends and substitute payments in lieu, as well as gross proceeds.

By certifying yourself as a non-U.S. person through a properly completed W-8, your U.S. withholding is limited to dividends issued by US corporations. Note that virtually all countries apply withholding taxes when local companies seek to distribute dividends to externally based shareholders (whether those shareholders are corporate or not). The rate at which IB is obligated to withhold for a given payment depends largely upon whether there is a tax treaty in place between the country where the dividend paying country is based and the country of residence of the dividend recipient.

SIPP Overview

 

What is a SIPP?
 
A SIPP account is a pension account that allows customers to control their retirement savings and where they are invested. SIPPs provide customers with more flexibility and self control over their savings, and are available to all UK residents between the ages of 18 and 75. Customers who are employed or self-employed may contribute up to 100% of their earnings (up to £235,000) in any one tax year. Further they allow retired and unemployed customers to invest up to £3,600 per year. You can trade financial products, property and other items in a SIPP.
 
Interactive Brokers (UK) Limited does not accept SIPP’s outright, rather it does accept a SIPP Administrator of a SIPP to open a master account. Afterwards, a SIPP Administrator's clients can open sub accounts and trade their SIPP through Interactive Brokers (UK) Limited.
 
For more information about SIPP’s in the UK, refer to the HM Revenue & Customs website www.hmrc.gov.uk
 
Can I open a SIPP account with Interactive Brokers LLC (US) or (Hong Kong)?
 
No, the SIPP Administrator account and its sub accounts can only open an account with Interactive Brokers (UK) Limited.
 
Can I trade property and other acceptable investments through my SIPP at Interactive Brokers (UK) Limited?
You can only trade regulated financial products through your SIPP that is held with us.
 
What is a SIPP Administrator?
A SIPP Administrator is a regulated company with the Financial Conduct Authority in the United Kingdom that acts as the trustee of the SIPP. Further it provides various administrative duties on behalf of the SIPP e.g., reporting to HM Revenue & Customs.
 
How do I get my SIPP Administrator to open a master account?  
Refer to our Interactive Brokers (UK) Limited website www.interactivebrokers.co.uk under Account, then under SIPP. From here a SIPP Administrator can open a master account (at no cost). Alternatively you can contact an Interactive Brokers (UK) Limited sales representative.
 
What qualifies a SIPP Administrator to open a master account?  
We only accept UK registered companies with the Financial Conduct Authority which are authorised SIPP Administrators that are in good standing and adhere to our terms and conditions.
 
Is there a cost to open a master account?  
No, unless the master account wants to view market data then fees apply.
 
Can anyone trade a SIPP sub account with Interactive Brokers?
Only UK residents and individuals between the ages of 18 and 75 who have good or extensive knowledge of any product they wish to trade and that we support, prior execution of 100 or more trades (of any product) and will make a minimum deposit of $5,000 or equivalent in stock.
 
Can I trade on margin (leverage)?
No, all SIPP sub accounts can only trade in a cash account.
 
What is a cash account?
A cash account only allows a sub account to trade stocks, bonds, equity options, futures, futures options, single stock futures (SSFs), ETFs, forex and warrants.  An individual can only deposit one base currency that Interactive Brokers supports, but can trade products denominated in other currencies after using a Forex transaction to acquire the currency. You must wait for the Forex trade to settle (two business days following trade date) before the currency is available for trading. Cash accounts can only trade the following order types: long stock (no shorting), long calls or puts, covered calls, protective puts, short naked puts and call spread, put spread.
 
What are the costs to open a sub account?
Initial deposit $5,000 + $10 minimum brokerage fee per month + IB brokerage fees (applicable) + Market data fees (if applicable) and other costs may apply.
 
Can I trade my ISA through Interactive Brokers?
No, we only accept SIPP accounts.
 
Does Interactive Brokers give advice in trading within your SIPP?
No, Interactive Brokers give no trading advice as it is a non discretionary broker.
 
Do you accept cheques to fund my SIPP?
No we only accept wire transfers or positions (FREE of PAYMENT).    
                       
What is a FREE of PAYMENT transfer?
The transfer of securities for which there is no need for a cash exchange. Rather the securities are already paid up in full.
 
Can I transfer physical shares (FREE of PAYMENT) in my sub account?
No we only accept dematerialized shares.
 
How many users can trade my SIPP sub account?
Only one.

Cash Accounts: Does a cash account require completion of a W8 form?

If you are a non-US person or entity, Interactive Brokers is required to have a valid form W8 certifying your country of tax residence at the time of application. You may update your W8 form at any time in Account Management.

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