What types of accounts can I have with Interactive Brokers?

Interactive Brokers offers a variety of account types tailored to meet the unique needs of different investors and traders. For individual investors, there are standard brokerage accounts, which allow for trading a wide range of securities, including stocks, options, futures, and more. There are also cash and margin accounts. A cash account requires investors to pay in full for their securities, while a margin account allows for borrowing money to trade, which can amplify both gains and losses. Moreover, Interactive Brokers provides accounts for institutions, which can include hedge funds, family offices, and proprietary trading firms. These accounts offer enhanced trading capabilities and customized services. Retirement accounts are another category, enabling individuals to save for retirement with tax advantages. Options include Traditional IRAs, Roth IRAs, and others that comply with IRS regulations. For those looking to trade in more complex instruments, Interactive Brokers has accounts tailored for futures and forex trading. Each account comes with its own set of features and requirements, so it is beneficial for potential clients to review details on the current web page for comprehensive information on each account type.