Account Application - General FAQs
Background:
How do I find out about the status of my account application?
Once all account application materials have been received at IB, the application will be reviewed and a decision will be made to either accept or decline the account. An e-mail will be sent to the applicant informing them of the decision. In addition, you may log into Complete Application to view your latest status.
Once all account application materials have been received at IB, the application will be reviewed and a decision will be made to either accept or decline the account. An e-mail will be sent to the applicant informing them of the decision. In addition, you may log into Complete Application to view your latest status.
Can I fund an account in a different currency than the base currency?
Yes, you can deposit and withdraw funds in any of the offered currencies if you have a margin account. Cash accounts may only fund in the base currency.
Yes, you can deposit and withdraw funds in any of the offered currencies if you have a margin account. Cash accounts may only fund in the base currency.
Will you convert funds from one currency to another?
No, IB does not convert funds but IB customers may convert currencies through the IB Forex trading venues (IdealPro for orders above USD 25,000 or equivalent and the odd lot order book for orders below that threshold).
No, IB does not convert funds but IB customers may convert currencies through the IB Forex trading venues (IdealPro for orders above USD 25,000 or equivalent and the odd lot order book for orders below that threshold).
Can I transfer money between different IB accounts?
Yes. In the case of Individual accounts, funds may be transferred between accounts having the identical name, type and Tax ID, Certain transfers may also be allowed between a master account and a client or sub account. See IB's Transfers page for instructions and details.
Yes. In the case of Individual accounts, funds may be transferred between accounts having the identical name, type and Tax ID, Certain transfers may also be allowed between a master account and a client or sub account. See IB's Transfers page for instructions and details.
Is my account insured?
The securities portions of your account is insured for up to $30 million regardless of your country of residency. Excess funds in your commodities account are swept into your securities account at the end of each day. Click on the Account Protection reference link below for additional information.
The securities portions of your account is insured for up to $30 million regardless of your country of residency. Excess funds in your commodities account are swept into your securities account at the end of each day. Click on the Account Protection reference link below for additional information.
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