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How Do I Open an Account with Interactive Brokers?

Interactive Brokers provides its customers access to stocks, options and futures in a single brokerage account. You can access it through both desktop and mobile platforms. You can open an account with Interactive Brokers through its online application. Once you go through the process of identifying yourself, you can establish your account by following the prompts on the screen.

What You Should Know Before Opening an Account

Read the following before opening an account with Interactive Brokers.

  • Read the online brochure to learn about the brokers.
  • Register for an account on the broker's website. You will need to fill out an application form and contact details.
  • Choose an account type: individual or institutional.
  • Look up the ticker symbols of the products or services you want to trade. Click "Show All Symbols" to see all possible symbols.
  • Decide how you want your orders handled: market, limit or stop limit orders.
  • Choose a margin rate, your leverage level and the frequency of margin calls. These margin settings will directly affect your profit potential and risk exposure.
  • Read about the risks and ways to protect yourself against losses before you open a position.
  • On subsequent visits, you can check your trading history, statements, positions and research products using the tools available on the home page.

Opening an Account With Interactive Brokers

Create a Username and Password

You can do this by visiting Interactive Brokers' website and clicking "Register Now." You'll need to provide basic information, such as your name, email address, phone number, home address and Social Security Number. Once you've filled out the required fields, it will present you with a checkbox where you can agree to the Interactive Brokers' Terms of Service.

Verify Your Identity

Once you register for an account, you will receive an email from Interactive Brokers requesting that you verify your identity. This helps ensure that your account is in good standing and you meet Interactive Brokers' regulatory requirements. Follow the link in the email to supply the identification information requested.

Deposit Funds

Log in to your account and choose which funds you'd like to deposit to fund your account with Interactive Brokers. For example, if you're depositing funds from a bank account, select "Deposit Funds" from the Action menu on Interactive Brokers' website.

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Christian has been writing about long hold times and customer service call center experiences since 2010. He's been featured in Bloomberg, the Wall Street Journal and the Boston Globe.

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Interactive Brokers

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Open an account with Interactive Brokers
Register an account with Interactive Brokers

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