I’ve just completed my on-line application, When will I be able to access the TraderWorkstation or WebTrader?
Applicants will be provided log in access to the IB trading platforms once their application has been approved and the account funded with the minimum required deposit. In the interim, applicants are encouraged to familiarize themselves with the various trading platforms through the demo applications, Interactive Tours, Webinars, and software user guides made available on our website.
Am I required to fund my account prior to application approval?
While applicants are required to provide IB with notification as to the amount they intend to fund their account with and the manner in which they fund the account in order to have the application considered for approval, there is no requirement that the funding actually take place prior to approval.
Applicants may nevertheless elect to remit funds via wire, check or electronic funds transfer (e.g., ACH, EFT) prior to receiving confirmation of account approval in an effort to accelerate commencement of any credit hold period. It should be noted, however, that deposits received prior to account approval are held in suspense and are not credited to the account nor eligible to accrue interest until the application has been approved. In the case where the applicant has authorized IB to fund the account via asset transfer (e.g., ACATS, ATON) from another broker, IB will not initiate the transfer until the application has been approved.
How to Deposit Funds Via an Electronic Funds Transfer (EFT)
How to initiate a deposit via an Electronic Funds Transfer
For additional information on how to deposit funds to your Interactive Brokers account please visit the Funds and Banking section on our website
How to Deposit Funds Via a Full ACATS/ATON Transfer
How to deposit funds to your Interactive Brokers account via a full ACATS/ATON Transfer
For information on how to initiate a partial ACATS/ATON transfer/ please click here
For Interactive Brokers tradeable products please visit the Contract Search Engine
For a detailed description of the Full ACATS/ATON process flow please click here
For a list of the most common causes for ACATS/ATON rejects, please click here
How to Deposit Funds Via a Partial ACATS/ATON Transfer
How to deposit funds to your Interactive Brokers account via a partial ACATS or ATON transfer
How to Deposit Funds Via a Check
How to deposit funds to your Interactive Brokers account via a Check
How to Deposit Funds Via an ACH Initiated by Interactive Brokers
How to transfer funds from your bank account to your Interactive Brokers account via an ACH deposit initiated by IB
Enter KB567 into the search engine for additional information regarding ACH deposits
How to Transfer Funds Via an ACH Initiated by Your Bank
How to transfer funds between your bank account and your Interactive Brokers account via an ACH initiated at your bank.
Enter KB567 into the search engine for additional information regarding ACH deposits.
How to Deposit Funds Via a Wire Transfer
How to deposit funds via a wire transfer
Enter KB834 in the Knowledge Base search engine for additional information on how to deposit funds via a bank wire transfer
How and When to Use a Direct Rollover
Generally, an investor changing jobs or leaving the workforce may utilize either a Direct Rollover or Indirect Rollover election to continue their retirement savings outside of their employer-sponsored retirement plan. The Direct Rollover method transfers the assets directly from the retirement plan into the investor's IRA, avoiding the 20% mandatory IRS withholding. No assets are transferred directly to the IRA owner. This option to transfer retirement assets has no age limitations.
Cash and securities held within an employer-sponsored retirement plan, such as a 401(k) or 403(b) plan, may be re-located elsewhere, either in an IRA account or another employer-sponsored retirement plan. The plan administrator is required to provide a reasonable direct method of asset transfer. Completion of a Direct Rollover form issued by the administrator may be required, in some cases. Therefore, it is important to check with the plan administrator.
For those transfers that require a broker-supplied Direct Rollover form, Interactive Brokers provides a convenient Direct Rollover Transfer In Authorization form. Completing and mailing the form directly to Interactive Brokers will begin the transfer of cash balances only into a Traditional IRA, Rollover IRA, or SEP-IRA. Non-cash direct rollovers are currently not available.
Interactive Brokers will forward the Direct Rollover request to the plan administrator for processing. Funds may be transferred by either wire transfer or check directly to Interactive Brokers.
To initiate a Direct Rollover from your retirement plan, go to the Funds Management section of the Account Management Menu. Choose Cash Transfers for this Cash Deposit Transaction and select the method Direct Rollover (IRA) to initiate the process. Contact the Funds & Banking Group with any additional questions.
In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this article was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer.
