Can I open an IRA margin account at IB?

Yes, an IRA margin account allows you to immediately trade on your proceeds rather than waiting for your proceeds to settle, trade assets in multiple currencies and trade limited option spread combinations. IRA margin accounts have certain restrictions compared to regular margin accounts and borrowing is never allowed in this account. You may also upgrade an IRA Cash Account in Account Management on the Trading Configuration page, available in the Trading Access menu. Refer to the Reg T IRA section under the Account Types tab of the Trading Configuration page and the US Stock and Index Options tab under the Margin page on IB’s website for more information. You may also upgrade an IRA Cash Account on the Trading Configuration page in Account Management

IRS Circular 230 Notice: The information contained in this FAQ is provided for information purposes only, is not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations and does not resolve any tax issues in your favor. Refer to IRS Publication 590, Individual Retirement Accounts for additional information on IRAs in general and consult your tax advisor about your individual tax situation.

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