Converting From an Individual to Trust Account

The process of converting from an individual account to a trust account is outlined below: 

1. As the trust account structure differs from that of the individual in terms of account holder information required, legal agreements and, in certain cases, taxpayer status, direct conversion is not supported and a new trust account application must be completed online.

The online trust application may be initiated by visiting www.ibkr.com and clicking the "Open Account" button. Be sure to request trading permissions and, if necessary, margin status, sufficient to maintain the positions currently carried in your individual account. Note that if your account is managed by a financial advisor or you are a client of an introducing broker, please contact your advisor or broker to initiate the new application (you may need to make arrangements with your advisor or broker for fees that have accrued but not yet paid when the individual account closes).

2. The trust account application requires Compliance review and approval and documentation evidencing the creation of the trust and proof of identity and address of trustees may also be required. If this is the case, notice as to the required documents and how to submit will be provided at the conclusion of the online application.

3. Once you have received an email confirming approval of the trust account application, send a request from your Message Center authorizing IB to manually transfer positions from your Individual to trust account. Prior to submitting the request you should make sure to close all open orders in the individual account to ensure that no executions take place following the transfer.

Due to the manual steps and scheduling required, you should allow a minimum of one week after trust account approval and submitting your request for the transfer to take effect.


IMPORTANT NOTES

1. Note that exchange regulations preclude ownership transfer of derivative contracts such as futures and options. If you are holding such positions you would either need to close them prior to the transfer taking place or request that they remain in your individual account.

2. Prior to processing the transfer, you should make sure to close all open orders in the individual account to ensure that no executions take place following the transfer.

3. The SMA (Special Memorandum Account) balance in your individual account will not transfer to the trust account. In certain cases this may impact your ability to open new positions in the trust account on the first day after the transfer is completed.

4. Elective options such as market data subscriptions and participation in IB's Yield Enhancement Program will not be carried over to the trust account and must be re-initiated to continue. Note that trusts are often classified as Professionals for market data subscription purposes which generally implies higher subscription rates than that for Non-Professionals.

5. The cost basis of transferred positions as reported in the activity statements will remain unchanged for tax purposes. The cost basis as reported in your trading platform (which is not used for tax reporting purposes) will not transfer over to the trust account but may be manually adjusted.

6. Once the transfer has been completed and assuming all positions have been transferred your individual account will be designated for automatic closure. Note that certain balances such as dividend accruals can’t be transferred until paid, after which they will then be transferred and your individual account closed.

7. You'll receive any applicable tax forms for the reportable activity transacted in each of your individual and trust accounts at year end. Access to Account Management for you individual account will remain after it has been closed for the purpose of reviewing and printing activity statements and tax forms.

8. IBKR does not provide tax advice or investment guidance and recommends that account holder consult with qualified professionals to determine any legal, tax or estate planning consequences associated with individual to trust transfer requests.
 

Free Riding Rule

In a cash account, an investor must pay for the purchase of a security (meaning, the trade must settle) prior to selling that security. If an investor buys a security and then sells that same security without paying for the security in full by settlement date, the investor is considered to be “free riding.” IBKR's implementation of the free riding rule uses an end of day check to see if a position was closed prior to its trade settlement date. This IBKR end of day surveillance would still consider closing a position before settlement a Free Riding violation and automatically puts the account into "Cash Up Front" restriction for the next 90 days.

Free riding examples that would be considered a violation at Interactive Brokers

Example A:

1) On T, the account has settled cash of $10,000

2) On T, the account buys ABC for $10,000

3) On T+1, the account sells ABC and buys $10,000 of XYZ

4) The customer sells the XYZ shares without depositing sufficient funds to pay for the purchase of XYZ in full

 

Example B:

1) On T, the account has fully paid for stock in ABC and no excess cash

2) On T, the account sells $10,000 of ABC

3) On T, the account buys $10,000 of XYZ

4) On T+1, the account sells the XYZ shares without depositing sufficient funds to pay for the purchase of XYZ in full

 

The end of day surveillance process would consider both of these scenarios to be free riding violations, which would restrict the account to only purchase using settled funds for 90 days. IBKR has put certain controls in place to help prevent free riding violations. Your Total Cash Value includes your settled and unsettled funds, and you will be able to place a new order when your Available Funds (ELV - Initial Margin) is positive (as that represents your fully settled cash after a closing trade). The real time check for fully settled cash is done at the Credit Check when entering a new order.

Account holders who wish to have access to unsettled funds prior to the settlement day may do so by requesting a margin type account. Under a margin type account, unsettled funds may be used for trading purposes but may not be withdrawn until settlement. Account holders maintaining a Cash type account may request an upgrade to a Margin type account by:

  1. Logging in to Client Portal
  2. Clicking the User menu (head and shoulders icon in the top right corner) followed by Manage Account
  3. In the Configuration section, clicking the Configure (gear) icon for Account Type to request an upgrade from Cash to Margin.

Please Note

  • Requests will be reviewed by the IBKR Risk and Compliance Departments. Approval typically takes 24 to 48 hours
  • If you recently downgraded your account from Margin to Cash, market regulations require a waiting period of 30 days before your account becomes eligible for Margin again.

 

Preguntas frecuentes - Conversión a IBUK como bróker de mantenimiento

 

General

 
P: ¿Qué está cambiando?

R: IB ampliará el rango de actividades de clientes compensadas y mantenidas por IB UK para incluir ciertas actividades que actualmente son gestionadas por IB LLC. Actualmente, IB UK realiza toda la compensación de la actividad de clientes a través de IB LLC, con la excepción de materias primas físicas (es decir, oro y plata) y aquellos CFD que no se cotizan en bolsa. Para diferenciar la actividad de IB UK que es compensada como IB UK de la que se presenta a IB LLC, se ha creado una cuenta de contabilidad interna, conocida como IBUKL, para alojar la actividad IB UK. Esta cuenta IBUKL se utilizará para compensar y mantener un rango más amplio de tipos de productos, incluidos acciones, ETF, opciones, futuros, opciones sobre futuros y fórex.

 
P: ¿Por qué hacemos esto? 

R: La base de clientes de IB, que históricamente era una mezcla de cuentas estadounidenses y no estadounidenses, está obteniendo una base cada vez más internacional. Aunque una porción sustancial de las actividades de esta clientela no estadounidense actualmente es compensada, mantenida y custodiada por el bróker-díler estadounidense IB LLC (con exclusión de CFD, metales físicos y toda la actividad realizada a través de cuentas de IB India y IB Japan), hay beneficios significativos para transferir ciertas actividades a IBUKL, cuando la estructura normativa se alinee más aproximadamente con la de la residencia del cliente.

Estos beneficios incluyen la consolidación de las posiciones en valores y materias primas no estadounidenses en un solo segmento de cuenta, la oportunidad de un tratamiento de margen más favorable a través de compensaciones de posiciones y metodologías basadas en el riesgo, la posibilidad de reducir los costes de endeudamiento y el aumento del interés de crédito al consolidar saldos de caja que actualmente se mantienen en segmentos separados y minimizar la exposición a informes fiscales estadounidenses.
 
 
P: ¿Cuál es la diferencia entre IB UK y IBUKL? 

R: Interactive Brokers (UK) Limited (“IB UK”) es un bróker autorizado por la Financial Conduct Authority (FCA) para operar en el Reino Unido. IBUKL, por el contrario, no es una entidad legal, sino una convención de etiquetado o contabilidad interna utilizada para designar un subconjunto de operaciones de clientes que se operan a través de IB UK. Actualmente, esta actividad consiste exclusivamente en productos extrabursátiles (OTC), para los cuales IB UK realiza la compensación y es la contraparte; se incluyen CFD no cotizados en bolsa y materias primas físicas (es decir, oro y plata).

 

P: ¿Cuál es el plan de introducción del producto?

R: Inicialmente, empezaremos añadiendo productos de índices sobre acciones no estadounidenses (es decir, futuros y opciones que tengan el mismo subyacente en efectivo como su producto entregable) a la oferta de productos existente de IBUKL. Esto incluye índices como FTSE, CAC, Hang Seng, Nikkei y DAX, entre otros. Se creará un nuevo permiso, llamado “International Equity Indexes”, se creará para estos productos y estará disponible para nuevos clientes, así como para clientes existentes que cualifiquen.  Los clientes existentes que cualifiquen incluyen cuentas no estadounidenses que tengan permisos de opciones y una posición o actividad de posiciones durante los 12 meses previos. Estos clientes existentes serán inscritos automáticamente a este permiso.

Una vez los productos de índices sobre acciones estadounidenses se hayan introducido, ampliaremos los productos elegibles en el siguiente orden: fórex, futuros adicionales y, luego, acciones no estadounidenses.

 

P: ¿Los clientes a los que se asigne una cuenta IBUKL también tendrán una cuenta IB LLC?
R: En la mayoría de los casos, será lo más probable. En el caso de que un cliente solo opere en el producto actualmente considerado elegible para compensación y mantenimiento en la cuenta IBUKL, no habría necesidad, en teoría, de que mantuviera una cuenta IB LLC.  Los clientes que tengan otras posiciones conservarán o deberán abrir una cuenta IBLLC.

 

P: ¿La cuenta IBUKL mantendrá múltiples segmentos como la cuenta IB LLC?

R: No. Los segmentos múltiples que existen en la cuenta IB LLC reflejan la estructura normativa bifurcada en los Estados Unidos, en la que la supervisión de los productos de valores es administrada por la Securities and Exchange Commission (SEC) y los productos de materias primas son supervisados por la Commodities Futures Trading Commission (CFTC).  Con excepción de los futuros sobre acciones simplificadas, que se regulan de forma conjunta, ni las normas de la CFTC ni las de la SEC se aplican para compensación o margen de un producto regulado por ellas en una cuenta en la que el otro regulador tenga jurisdicción. Esto incluye las normas de protección de clientes que, con intención similar, difieren en su aplicación y están diseñadas para segregar activos en una cuenta necesaria para satisfacer exclusivamente las reclamaciones asociadas con el segmento de valores o el segmento de materias primas, según se aplique.

Como la FCA, el regulador primario de IB UK, supervisa tanto productos de valores como de materias primas, todas las posiciones eligibles de IBUKL se incluirán en un solo segmento.


P: ¿Qué metodología de margen se utilizará para posiciones mantenidas en la cuenta IBUKL?
R:
Las posiciones no estarán sujetas a requisitos estadounidenses de margen Reg T, sino a una metodología basada en el riesgo (VAR). Inicialmente, mientras los nuevos productos se transfieren a la cuenta IBUKL, se utilizará la metodología de compensación o de la bolsa nativa (normalmente SPAN) y el requisito de cuenta será la suma de múltiples metodologías. Más adelante, IB utilizará una metodología común para toda la cuenta, basada en el actual modelo de margen de cartera propio de IB.

 
P: ¿Qué acuerdos o avisos legales adicionales se requieren? ¿Dónde puedo consultarlos?
 
R: Un nuevo acuerdo de cliente para clientes de IBUK que tengan productos mantenidos por IBUK está disponible en la página web de IB bajo Productos y Servicios > Formularios y Declaraciones
 
 
P: ¿Puedo barrer fondos entre las cuentas?
 
R: Como IBLLC y IBUK son entidades legales separadas, el exceso de fondos no será elegible para ser transferido automáticamente entre dos cuentas, con la excepción de la necesidad de cubrir los requisitos de margen. En dichas circunstancias, IB moverá automáticamente los fondos necesarios para cubrir el requisito de margen entre las cuentas IBLLC y IBUK. La selección de barrido de exceso de fondos disponible para los clientes a través de Gestión de Cuenta seguirá disponible; sin embargo, esto solo afectará a las cuentas IBLLC.
 

 

P: ¿Cómo se manejarán los cálculos de interés tanto durante como después de la conversión?
 
R: Los clientes que mantengan saldos de caja con IBLLC seguirán teniendo el interés calculado con base en los saldos de capital liquidado mantenido en las cuentas de valores y materias primas por separado. Los clientes que tengan saldos de caja con IBUK tendrán 1 saldo de caja sobre el que se calculará el interés de crédito o débito.
 
 

Protección de cliente

 
P: ¿Qué tipo de protección hay disponible para mí en una cuenta IBUK?
 
R: IBUK es un participante en el esquema Financial Services Compensation scheme - "FSCS".  Los niveles de compensación están sujetos a cambios: para ver los detalles más actualizados, consulte la página web de la FSCS en www.fscs.org.uk/
 
 
P: ¿Dónde puedo obtener información adicional en relación con la protección de clientes?
 
R: Puede consultar el artículo KB2012 para ver información adicional sobre la protección de clientes.
 
 
P: ¿IBUK ofrece protección adicional sobre los estándares de la industria?
 
R: IBUK no ofrece protección adicional por encima de FSCS.
 
 
P: ¿El seguro Lloyds también se aplica a cuentas IBUK?
 
R: No, algunos agentes de seguros en Lloyds of London proporcionan cobertura por encima de la póliza de SIPC; sin embargo, esto no está disponible para los productos bajo el bróker de mantenimiento de IBUK.

 
P: ¿Por qué debería cambiar mi cuenta si la corrección de cliente en caso de incumplimiento es menos beneficiosa?
 
R: Hay varios beneficios por mantener activos con IBUK. Estos beneficios incluyen la consolidación de las posiciones en valores y materias primas no estadounidenses en un solo segmento de cuenta, la oportunidad de un tratamiento de margen más favorable a través de compensaciones de posiciones y metodologías basadas en el riesgo, la posibilidad de reducir los costes de endeudamiento y el aumento del interés de crédito al consolidar saldos de caja que actualmente se mantienen en segmentos separados y minimizar la exposición a informes fiscales estadounidenses.
 
 
P: ¿Puedo elegir seguir siendo cliente de IBLLC para beneficiarme de la protección SIPC?
 
R: En estos momentos, IB quiere convertir ciertos conjuntos de productos a IBUK y, por lo tanto, todos los clientes que tengan dichos productos se moverán a IBUK. Aunque a largo plazo podría ser posible mantener esos productos en una cuenta IBLLC, actualmente no es posible.
 
 
P: ¿Podría IBUK fracasar, pero IBLLC not?

R: Aunque es posible, consideramos que este escenario es improbable.  IB LLC y IB UK son subsidiarias completas de la misma empresa matriz, Interactive Brokers Group LLC. Las entidades separadas existen, mayoritariamente, a efectos normativos y, aunque consideramos que es altamente improbable que alguna de ellas fracase, sería incluso más improbable que la empresa matriz permitiera que solo una fracasara. Además, como aproximadamente el 85% de IB es propiedad de sus gestores y empleados, existe un incentivo pecuniario por parte de los propietarios para conservar su inversión y proteger a ambas entidades de cualquier fracaso.

 

Can I have more than two individuals on a joint account?

IBKR offers three types of joint accounts: Tenants with Rights of Survivorship, Tenancy in Common and Community Property. Each of these joint account types is limited to two account holders.

Applicants interested in opening an account with multiple owners in excess of two may consider the corporate, partnership, limited liability company or unincorporated legal structure account types offered by IBKR. Note that documentation establishing proof of formation and address are generally required at the point of application.

Converting From a Single to Joint Account

The process of adding a second owner to an existing single account for purposes of converting to a joint account is outlined below:

1.       As the joint account structure differs from that of the individual in terms of account holder information required, legal agreements and, in certain cases, taxpayer status, direct conversion is not supported and a new joint account application must be completed online.
 
The joint application may be initiated online from the single account by logging into Client Portal and clicking the User menu (head and shoulders icon in the top right corner) followed by Manage Account. Click the Configure (gear) icon next to the words Open an Additional Account. This process will allow you to retain your existing user name, password and security device for purposes of operating the joint account. Be sure to request trading permissions and, if necessary, margin status, sufficient to maintain the positions currently carried in your individual account. Note that if your account is managed by a financial advisor or you are a client of an introducing broker, please contact your advisor or broker to initiate the new application (you may need to make arrangements with your advisor or broker for fees that have accrued but not yet paid if the individual account closes).
 
The joint account application requires Compliance review and approval and documentation evidencing the identity and address of the second account holder may be required. If this is the case, notice as to the required documents and how to submit will be provided at the conclusion of the online application.
 
 
2.       Once you have received an email confirming approval of the joint account application, send a request from your Message Center authorizing IBKR to manually transfer positions from your single to joint account. Prior to submitting the request you should make sure to close all open orders in the individual account to ensure that no executions take place following the transfer.
 
Due to the manual steps and scheduling required, you should allow a minimum of one week after joint account approval and submitting your request for the transfer to take effect. 

 

IMPORTANT NOTES
 
1.       Note that exchange regulations preclude ownership transfer of derivative contracts such as futures and options. If you are holding such positions you would either need to close them prior to the transfer taking place or request that they remain in your individual account.
 
2.       Prior to processing the transfer, you should make sure to close all open orders in the individual account to ensure that no executions take place following the transfer.
 
3.       The SMA (Special Memorandum Account) balance in your individual account will not transfer to the joint account. In certain cases this may impact your ability to open new positions in the joint account on the first day after the transfer is completed.
 
4.       Elective options such as participation in IBKR's Stock Yield Enhancement Program will not be carried over to the joint account and must be re-initiated to continue.
 
5.       The cost basis of transferred positions as reported in the activity statements will remain unchanged for tax purposes.  
 
6.       Once the transfer has been completed and assuming all positions have been transferred your individual account will be designated for automatic closure. Note that certain balances such as dividend accruals can’t be transferred until paid, after which they will then be transferred and your individual account closed.
 
7.       You'll receive any applicable tax forms for the reportable activity transacted in each of your individual and joint accounts at year end. Access to Client Portal for your individual account will remain after it has been closed for the purpose of reviewing and printing activity statements and tax forms.
 
8.       IBKR does not provide tax advice or investment guidance and recommends that account holder consult with qualified professionals to determine any legal, tax or estate planning consequences associated with single to joint transfer requests.

 

Designation of Eligible Contract Participant

Account holders may designate their status as an Eligible Contract Participant (ECP) by completing an online questionnaire provided via Client Portal. In the case where the account holder has provided information via the application process which suggests that they meet the ECP financial and/or organizational qualifications (see the IBKR Knowledge Base), the questionnaire is posted online in Client Portal. If the information submitted at the point of application does not support ECP qualification, the account holder may update their information online to obtain the questionnaire. Outlined below are the steps necessary to access the questionnaire.

 

Step 1. Determine if the ECP questionnaire has been posted to your account:

For individual accounts, log into Client Portal and click the User menu (head and shoulders icon in the top right corner) followed by Manage Account and Investor Category. If you reported net worth in excess of the minimum qualifying threshold, you will be provided with the ECP questionnaire. Note that account holders reporting net worth below the ECP qualifying threshold may be provided with questionnaires for different investor categories (i.e., Accredited Investor).

For organization accounts, log into Client Portal and click the User menu (head and shoulders icon in the top right corner) followed by Manage Account and Investor Category. If your organization is of a specified category (e.g., registered broker dealer, FCM) or reported net worth in excess of the minimum qualifying threshold, you will be provided with the ECP questionnaire. Note that organizations reporting net worth below the ECP qualifying threshold may be provided with questionnaires for different investor categories (i.e., Qualified Purchaser).

If the ECP questionnaire has been posted to your account, complete and acknowledge the document via electronic signature. If the questionnaire has not been posted to your account, follow Step 2 below.

 

Step 2. Update your account information:

For individual and organization accounts, if your net worth exceeds the minimum qualifying threshold of $10 million, you may log into Client Portal and click the User menu (head and shoulders icon in the top right corner) followed by Manage Account and Financial Information. Included on that page will be a section where account holders can update and confirm their financial information. Note that updates to this information are subject to review by our Compliance Department prior to taking effect. Once changes have taken effect and, assuming those changes meet the qualifying threshold, the ECP questionnaire will be made available as noted in Step 1 above.

Eligible Contract Participant - Definition

IMPORTANT: Note that regulations are subject to change and clients are responsible for determining whether or not they qualify as an ECP. Please refer to "7 U.S. Code § 1a – Definitions" to ensure you are reviewing the most current definition of an ECP.

Account holders should take note of the below excerpt from the definition which is likely to be the most relevant.

(xi) an individual who has amounts invested on a discretionary basis, the aggregate of which is in excess of—
(I) $10,000,000; or
(II) $5,000,000 and who enters into the agreement, contract, or transaction in order to manage the risk associated with an asset owned or liability incurred, or reasonably likely to be owned or incurred, by the individual;

 

(18) Eligible contract participant
The term “eligible contract participant” means—
 
(A) acting for its own account—
 
(i)                  a financial institution;
 
(ii)                an insurance company that is regulated by a State, or that is regulated by a foreign government and is subject to comparable regulation as determined by the Commission, including a regulated subsidiary or affiliate of such an insurance company;
 
(iii)               an investment company subject to regulation under the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.) or a foreign person performing a similar role or function subject as such to foreign regulation (regardless of whether each investor in the investment company or the foreign person is itself an eligible contract participant);
 
(iv)       a commodity pool that—
(I) has total assets exceeding $5,000,000; and
(II) is formed and operated by a person subject to regulation under this chapter or a foreign person performing a similar role or function subject as such to foreign regulation (regardless of whether each investor in the commodity pool or the foreign person is itself an eligible contract participant) provided, however, that for purposes of section 2(c)(2)(B)(vi) of this title and section 2(c)(2)(C)(vii) of this title, the term “eligible contract participant” shall not include a commodity pool in which any participant is not otherwise an eligible contract participant;
 
(v)        a corporation, partnership, proprietorship, organization, trust, or other entity—
(I) that has total assets exceeding $10,000,000;
(II) the obligations of which under an agreement, contract, or transaction are guaranteed or otherwise supported by a letter of credit or keepwell, support, or other agreement by an entity described in subclause (I), in clause (i), (ii), (iii), (iv), or (vii), or in subparagraph (C); or
(III) that—
(aa) has a net worth exceeding $1,000,000; and
(bb) enters into an agreement, contract, or transaction in connection with the conduct of the entity’s business or to manage the risk associated with an asset or liability owned or incurred or reasonably likely to be owned or incurred by the entity in the conduct of the entity’s business;
 
(vi)       an employee benefit plan subject to the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.), a governmental employee benefit plan, or a foreign person performing a similar role or function subject as such to foreign regulation—
(I) that has total assets exceeding $5,000,000; or
(II) the investment decisions of which are made by—
(aa) an investment adviser or commodity trading advisor subject to regulation under the Investment Advisers Act of 1940 (15 U.S.C. 80b–1 et seq.) or this chapter;
(bb) a foreign person performing a similar role or function subject as such to foreign regulation;
(cc) a financial institution; or
(dd) an insurance company described in clause (ii), or a regulated subsidiary or affiliate of such an insurance company;
(vii)
(I) a governmental entity (including the United States, a State, or a foreign government) or political subdivision of a governmental entity;
(II) a multinational or supranational government entity; or
(III) an instrumentality, agency, or department of an entity described in subclause (I) or (II); except that such term does not include an entity, instrumentality, agency, or department referred to in subclause (I) or (III) of this clause unless (aa) the entity, instrumentality, agency, or department is a person described in clause (i), (ii), or (iii) of paragraph (17)(A); (bb) the entity, instrumentality, agency, or department owns and invests on a discretionary basis $50,000,000 or more in investments; or (cc) the agreement, contract, or transaction is offered by, and entered into with, an entity that is listed in any of subclauses (I) through (VI) of section 2(c)(2)(B)(ii) of this title;
(viii)
(I) a broker or dealer subject to regulation under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) or a foreign person performing a similar role or function subject as such to foreign regulation, except that, if the broker or dealer or foreign person is a natural person or proprietorship, the broker or dealer or foreign person shall not be considered to be an eligible contract participant unless the broker or dealer or foreign person also meets the requirements of clause (v) or (xi);
(II) an associated person of a registered broker or dealer concerning the financial or securities activities of which the registered person makes and keeps records under section 15C(b) or 17(h) of the Securities Exchange Act of 1934 (15 U.S.C. 78o–5(b), 78q(h));
(III) an investment bank holding company (as defined in section 17(i) [2] of the Securities Exchange Act of 1934 (15 U.S.C. 78q(i)); [3]
 
(ix)       a futures commission merchant subject to regulation under this chapter or a foreign person performing a similar role or function subject as such to foreign regulation, except that, if the futures commission merchant or foreign person is a natural person or proprietorship, the futures commission merchant or foreign person shall not be considered to be an eligible contract participant unless the futures commission merchant or foreign person also meets the requirements of clause (v) or (xi);
 
(x)        a floor broker or floor trader subject to regulation under this chapter in connection with any transaction that takes place on or through the facilities of a registered entity (other than an electronic trading facility with respect to a significant price discovery contract) or an exempt board of trade, or any affiliate thereof, on which such person regularly trades; or
 
(xi)       an individual who has amounts invested on a discretionary basis, the aggregate of which is in excess of—
(I) $10,000,000; or
(II) $5,000,000 and who enters into the agreement, contract, or transaction in order to manage the risk associated with an asset owned or liability incurred, or reasonably likely to be owned or incurred, by the individual;
 
(B)
 
(i)                  a person described in clause (i), (ii), (iv), (v), (viii), (ix), or (x) of subparagraph (A) or in subparagraph (C), acting as broker or performing an equivalent agency function on behalf of another person described in subparagraph (A) or (C); or
 
(ii)        an investment adviser subject to regulation under the Investment Advisers Act of 1940 [15 U.S.C. 80b–1 et seq.], a commodity trading advisor subject to regulation under this chapter, a foreign person performing a similar role or function subject as such to foreign regulation, or a person described in clause (i), (ii), (iv), (v), (viii), (ix), or (x) of subparagraph (A) or in subparagraph (C), in any such case acting as investment manager or fiduciary (but excluding a person acting as broker or performing an equivalent agency function) for another person described in subparagraph (A) or (C) and who is authorized by such person to commit such person to the transaction; or
 
(C) any other person that the Commission determines to be eligible in light of the financial or other qualifications of the person.
 

 

Le damos la bienvenida a Interactive Brokers

Overview: 

Ahora que su cuenta ya ha sido aprobada y ha recibido fondos, puede empezar a negociar. La información siguiente le ayudará a empezar como nuevo cliente de Interactive Brokers.

  1. Su dinero
  2. Configurar su cuenta para operar
  3. Cómo operar
  4. Operar en todo el mundo
  5. Cinco puntos para enriquecer su experiencia IB

 

1. Su dinero
Información general sobre depósitos y retiradas. Todas las transacciones se administran a través de Gestión de Cuenta
Depósitos
Primero, cree una notificación de depósito a través de Gestión de Cuenta > Financiación > Transferencias de fondos > Tipo de transacción: “Depósito” Cómo crear una notificación de depósito. El segundo paso es indicar a su banco que realice la transferencia con los datos bancarios proporcionados en su notificación de depósito.
Retiradas
Cree una instrucción de retirada a través de Gestión de Cuenta > Financiación > Transferencias de fondos > Tipo de transacción: "Retiradas" Cómo crear una instrucción de retirada
Si indica una retirada que esté por encima de los límites de retirada, se considerará una retirada excepcional y, por lo tanto, tendremos que comprobar al titular de la cuenta bancaria con la cuenta IB. Si la cuenta bancaria de destino se ha utilizado para un depósito, la retirada se procesará; de lo contrario, deberá contactar con atención al cliente y proporcionar los documentos necesarios.
Solución de problemas
Depósitos: Mi banco envió el dinero, pero no lo veo acreditado en mi cuenta IB. Razones posibles:
a) Una transferencia de fondos lleva entre 1 y 4 días hábiles.
b) Falta una notificación de depósito. Debe crearla en Gestión de Cuenta y enviar un tique a Atención al Cliente.
c) Corregir los detalles que faltan. En los detalles de transferencia falta su nombre o su número de cuenta IB. Debe contactar con su banco y pedir los detalles de corrección completos.
d) Una ACH iniciada por IB está limitada a 100k USD durante un período de 7 días hábiles. Si abrió una cuenta Margen de Cartera en la que el requisito inicial fuera 110k, un depósito por giro puede ser la mejor opción de depósito para reducir el tiempo de espera para su primera operación. Si selecciona ACH, un tiempo de espera de casi 2 semanas o una reducción temporal a cuenta RegT podrían ser soluciones posibles.
Retiradas: He solicitado una retirada, pero no veo mi dinero acreditado en mi cuenta bancaria. Posibles razones:
a) Una transferencia de fondos lleva 1-4 días hábiles.
b) Rechazada. Por encima del máximo que puede retirarse. Por favor, compruebe el saldo de su cuenta bancaria. Tenga en cuenta que, debido a requisitos normativos, cuando los fondos se depositan hay un período de retención de 3 días antes de que puedan retirarse.
c) Su banco ha devuelto los fondos. Posiblemente porque los nombres de la cuenta bancaria receptora y la cuenta bancaria remitente no coinciden.

 

2. Configurar su cuenta para operar
Diferencia entre cuentas de Efectivo y de Margen: si ha elegido la solicitud FastTrack, de forma predeterminada su tipo de cuenta será una cuenta de efectivo con permisos para acciones estadounidenses. Si quiere apalancamiento y operar con margen, aquí puede ver cómo convertirse a una cuenta Margen RegT.
Permisos de negociación
Para poder operar en una clase de activos concreta en un país concreto, necesita obtener los permisos de negociación para ello a través de Gestión de Cuenta. Tenga en cuenta que los permisos de negociación son gratuitos; sin embargo, es posible que se le pida que firme declaraciones de riesgo requeridas por las autoridades normativas locales. Cómo solicitar permisos de negociación
Datos de mercado
Si quiere datos de mercado en tiempo real para un mercado/producto concreto, deberá suscribirse a un paquete de datos de mercado cobrado por el mercado. Cómo suscribirse a datos de mercado

El asistente a datos de mercado le ayudará a elegir el paquete adecuado. Puede ver este vídeo que explica cómo funciona.
Los clientes tienen la opción de recibir datos de mercado diferidos de forma gratuita si hacen clic en el botón datos de mercado gratuitos desde una fila de ticker no suscrito.
Cuentas de asesor
Eche un vistazo a la guía de usuario Cómo empezar como asesor. Aquí verá cómo crear usuarios adicionales para su cuenta de asesor y otorgarles acceso y mucho más.

 

3. Cómo operar
La Academia para Operadores es el mejor lugar para aprender a utilizar nuestras plataformas. Aquí encontrará nuestros seminarios web, en directo y grabados en 10 idiomas, visitas rápidas y documentación sobre varias plataformas de negociación.
Trader Workstation (TWS)
Los operadores bursátiles que requieran herramientas de negociación más sofisticadas pueden utilizar nuestra Trader Workstation (TWS) con diseño de creador de mercado, que optimiza su velocidad y eficacia en la negociación con una interfaz tipo hoja de cálculo fácil de utilizar, ofreciendo más de 50 tipos de órdenes, herramientas de negociación específicas para todos los estilos de negociación, un saldo de cuenta en tiempo real y seguimiento de su actividad. Pruebe los dos modelos:
TWS Mosaico: para una usabilidad intuitiva, un acceso de negociación sencillo, gestión de órdenes, listas de seguimiento y gráficos desde una sola ventana o
TWS Clásica: la Gestión de Órdenes Avanzada para operadores que necesitan herramientas y algoritmos más avanzados.
Descripción general e Información / Guía de inicio rápido / Guía de usuario
Visitas interactivas: TWS Basics / Configuración de TWS / TWS Mosaico
Cómo introducir una operación:  Vídeo TWS Clásica / Vídeo Mosaico
Herramientas de negociación: Descripción general e informaciónGuía de usuario
Requisitos: Cómo instalar Java para Windows / Cómo instalar Java para MAC / Los puertos 4000 y 4001 deben estar abiertos
Conexión a TWSDescargar TWS
WebTrader
Los operadores que prefieran una interfaz sencilla pueden utilizar nuestra WebTrader, basada en HTML, que facilita el ver datos de mercado, enviar órdenes y monitorizar su cuenta y sus ejecuciones. Utilice el WebTrader más actual de cada navegador
Guía de inicio rápido / Guía de usuario de WebTrader
Introducción: Vídeo WebTrader
Cómo introducir una operación: Vídeo WebTrader
Conexión a WebTrader
MobileTrader
Nuestras soluciones móviles le permiten operar con su cuenta IB desde cualquier lugar. La mobileTWS para iOS y la mobileTWS para BlackBerry están diseñadas para estos populares modelos, mientras que la genérica MobileTrader es compatible con la mayoría de otros teléfonos inteligentes.
Descripción general e información
Tipos de órdenes Tipos de órdenes disponibles y descripción / Vídeos / Visitas / Guía de usuario
Negociación simulada Descripción general e información / Cómo obtener una cuenta de negociación simulada
Una vez creada su cuenta de negociación simulada, podrá compartir los datos de mercado de su cuenta real con su cuenta de negociación simulada: Gestión de Cuenta > Gestionar Cuenta > Ajustes > Negociación simulada

 
4. Operar en todo el mundo
Las cuentas de IB son cuentas en multidivisas. Su cuenta puede mantener varias divisas al mismo tiempo; esto le permite operar en múltiples productos de todo el mundo desde una sola cuenta.
Divisa base
Su divisa base determina la divisa de conversión de sus extractos y la divisa utilizada para determinar requisitos de margen. La divisa base se determina cuando usted abre una cuenta. Los clientes pueden cambiar su divisa base en cualquier momento desde Gestión de Cuenta.
No convertimos automáticamente las divisas a su divisa base
Las conversiones de divisas deben ser realizadas manualmente por el cliente. En este vídeo puede ver cómo realizar una conversión de divisas.
Para abrir una posición denominada en una divisa que no tiene en su cuenta, tiene dos posibilidades:
A) Conversión de divisas.
B) Préstamo de margen IB. (No disponible para cuentas en efectivo)
Consulte este curso, que explica el funcionamiento de una transacción extranjera.

 

5. Cinco puntos para enriquecer su experiencia IB
1. Búsqueda de contratos
Aquí encontrará todos nuestros productos, símbolos y especificaciones.
2. Fondos de Información IB
Los Fondos de Información de IB son un conjunto de elementos diseñados para ayudar a los clientes de IB a gestionar sus cuentas e incluyen glosarios, artículos explicativos, consejos de resolución de problemas y directrices generales. Simplemente introduzca en el campo de búsqueda lo que le interesa y encontrará su respuesta.
3. Gestión de Cuenta
Del mismo modo que nuestras plataformas de negociación le dan acceso a los mercados, Gestión de Cuenta le otorga acceso a su cuenta IB. Utilice Gestión de Cuenta para gestionar tareas relacionadas con su cuenta, como el depósito o la retirada de fondos, consultar extractos, modificar suscripciones a datos de mercado y noticias, cambiar sus permisos de negociación y verificar o cambiar su información personal.
Conexión a Gestión de Cuenta / Guía rápida de GC / Guía de Usuarios GC
4. Sistema de Acceso Seguro
Para proporcionarle el mayor nivel de seguridad en línea, Interactive Brokers ha implementado un Sistema de Acceso Seguro (SAS) a través del cual el acceso a su cuenta está sujeto a una autentificación en dos factores. Esta autentificación sirve para confirmar su identidad en el momento de conexión mediante dos factores de seguridad: 1) Algo que usted conoce (la combinación de su nombre de usuario y contraseña); y 2) Algo que usted posee (un dispositivo de seguridad enviado por IB que genera un código de seguridad aleatorio y de un solo uso). Como tanto el saber su combinación nombre de usuario/contraseña como la posesión física del dispositivo de seguridad son necesarios para conectarse a su cuenta, la participación en el Sistema de Acceso Seguro elimina virtualmente la posibilidad de que alguien que no sea usted acceda a su cuenta.
Cómo activar su dispositivo de seguridad / Cómo obtener una tarjeta de código de seguridad / Cómo devolver su dispositivo de seguridad
En caso de que haya olvidado su contraseña y haya perdido su tarjeta de código de seguridad, llámenos para le ayudemos de inmediato.
5. Extractos e informes
Fáciles de ver y de personalizar, nuestros extractos e informes cubren todos los aspectos de su cuenta Interactive Brokers. Cómo ver un extracto de actividad

 

Welcome to Interactive Brokers

Overview: 

Now that your account is funded and approved you can start trading. The information below will help you getting
started as a new customer of Interactive Brokers.

  1. Your Money
  2. Configure your account to trade
  3. How to trade
  4. Trade all over the World
  5. Five points to enrich your IB experience

 

1. Your Money
Deposits & Withdrawals General Info. All transactions are administered through your secure Account Management
Deposits
First, you create a deposit notification through your Account Management > Funding > Fund Transfers > Transaction Type: “Deposit” How to create a deposit notification. The second step is to instruct your Bank to do the wire transfer with the bank details provided in your Deposit Notification.
Withdrawals
Create a withdrawal instruction via your secure Account Management > Funding > Fund Transfers > Transaction Type: "Withdrawals" How to create a withdrawal instruction
If you instruct a withdrawal over the Withdrawal limits, it will be considered an exceptional withdrawal and we will therefore need to match bank account holder and IB account. If destination bank account has been used for a deposit, withdrawal will be processed; otherwise, you must contact customer service and provide the documents needed.
Troubleshooting
Deposits: My bank sent the money but I do not see it credited into my IB account. Possible reasons:
a) A fund transfer takes 1-4 business days
b) A Deposit Notification is missing. You have to create it via your Account Management and send a ticket to Customer Service
c) Amending details are missing. Your name or IB account number is missing in the transfer details. You have to contact your bank and ask for the full amending details.
d) ACH initiated by IB is limited to 100k USD in a 7 business period. If you opened a Portfolio Margin account where the initial requirement is 110k, a wire deposit might be the better deposit option to reduce wait time for your first trade. If selecting ACH a wait time of almost 2 weeks or a temporary downgrade to RegT can be possible solutions.
Withdrawals: I have requested a withdrawal but I do not see the money credited to my bank account. Possible reasons:
a) A fund transfer takes 1-4 business days
b) Rejected. Over the max it can be withdrawn. Please check your account cash balance. Note that for regulatory requirements, when the funds are deposited, there is a 3 day holding period before they can be withdrawn.
c) Your bank returned the funds. Probably because receiving bank account and remitting bank account names do not match.

 

2. Configure your account to trade
Difference between Cash and Margin accounts: If you have chosen the FastTrack application, by default your account type is a cash account with US stock permission. If you would like to get leverage and trade on margin, here how to upgrade to a RegT Margin account
Trading Permissions
In order to be able to trade a particular asset class in a particular country, you need to get the trading permission for it via your Account Management. Please note that trading permissions are free. You might however be asked to sign risk
disclosures required by local regulatory authorities. How to Request Trading Permissions
Market Data
If you want to have market data in real-time for a particular product/exchange, you need to subscribe to a market data package charged by the exchange. How to subscribe to Market data
The Market data assistant will help you choose the right package. Please watch this Video explaining how it works.
Customers have the option to receive delayed market data for free by clicking the Free Delayed Data button from a non-subscribed ticker row.
Advisor Accounts
Have a look at the user guide getting started as advisors. Here you see how to create additional users to your advisor account and grant them access and much more.

 

3. How to trade
The Trader's University is the place to go when you want to learn how to use our Platforms. Here you will find our webinars, live and recorded in 10 languages and tours and documentation about our various Trading Platforms.
Trader Workstation (TWS)
Traders who require more sophisticated trading tools can use our market maker-designed Trader Workstation (TWS), which optimizes your trading speed and efficiency with an easy-to-use spreadsheet interface, support for more than 60 order types, task-specific trading tools for all trading styles, and real-time account balance and activity monitoring. Try the two models
TWS Mosaic: for intuitive usability, easy trading access, order management, watchlist, charts all in one window or
TWS Classic: the Advanced Order Management for traders who need more advanced tools and algos.
General Description and Information / Quick start guide / Usersguide
Interactive Tours: TWS Basics / TWS configuration / TWS Mosaic
How to place a trade:  Video Classic TWS / Video Mosaic
Trading tools: General Description and InformationUsers guide
Requirements: How to install Java for WindowsHow to install Java for MAC / Port 4000 and 4001 needs to be open
Login TWSDownload TWS
WebTrader
Traders who prefer a clean and simple interface can use our HTML-based WebTrader, which makes it easy to view market data, submit orders, and monitor your account and executions. Use the latest WebTrader from every browser
Quick Start Guide / WebTrader User's Guide
Introduction: Video WebTrader
How to place a Trade: Video WebTrader
Login WebTrader
MobileTrader
Our mobile solutions allow you to trade your IB account on the go. The mobileTWS for iOS and the mobileTWS for BlackBerry are custom-designed for these popular models, while the generic MobileTrader supports most other Smart phones.
General Description and Information
Order Types Order Types available and Description / Videos / Tour / Users guide
Paper Trading General Description and Information / How to get a Paper Trading Account
Once your paper account is created, you can share the market data of your real account with your paper trading account: Account Management > Manage Account > Settings > Paper trading

 
4. Trade all over the World
IB accounts are multi-currency accounts. Your account can hold different currencies at the same time, this allows you to trade multiple products around the world from a single account.
Base Currency
Your base currency determines the currency of translation for your statements and the currency used for determining margin requirements. Base currency is determined when you open an account. Customers may change their base currency at any time through Account Management.
We do not automatically convert currencies into your Base currency
Currency conversions must be done manually by the customer. In this video you can learn how to do a currency conversion.
In order to open a position denominated in a currency that you do not have in your account, you have two possibilities:
A) Currency conversion.
B) IB Margin Loan. (Not available for Cash Accounts)
Please see this course explaining the mechanics of a foreign transaction.

 

5. Five points to enrich your IB experience
1. Contract Search
Here you will find all our products, symbols and specifications.
2. IB Knowledge Base
The Knowledge Base is a repository of glossary terms, how-to articles, troubleshooting tips and guidelines designed to assist IB customers with the management of their IB accounts. Just enter in the search button what you are looking for and you will get the answer.
3. Account Management
As our trading platforms give you access to the markets, the Account Management grants you access to your IB account. Use Account Management to manage account-related tasks such as depositing or withdrawing funds, viewing your statements, modifying market data and news subscriptions, changing your trading permissions, and verifying or changing your personal information.
Log In Account Management / AM Quick Start Guide / AM Users Guide
4. Secure Login System
To provide you with the highest level of online security, Interactive Brokers has implemented a Secure Login System (SLS) through which access to your account is subject to two-factor authentication. Two-factor authentication serves to confirm your identity at the point of login using two security factors: 1) Something you know (your username and password combination); and 2) Something you have (an IB issued security device which generates a random, single-use security code). As both knowledge of your username/password and physical possession of the security device are required to login to your account, participation in the Secure Login System virtually eliminates the possibility of anyone other than you accessing your account.
How to Activate your Security Device / How to Obtain a Security Code Card / How to return Security device
In case you forgot your password or lost your security code card, please call us for immediate assistance.
5. Statements and Reports
Easy to view and customize, our statements and reports cover all aspects of your Interactive Brokers account. How to view an Activity Statement 

 

Change Your Billable Account

If you have additional linked, duplicate or consolidated accounts, the Billable Account section appears on the Market Data Subscriptions screen. Use the Billable Accounts panel to change the account that is currently being billed for market data.

To change your billable account

1. Click Settings > User Settings
2. In the Trading Platform panel, click the Configure (gear) icon for Market Data Subscriptions.

The Market Data Subscription screen opens.

3. Click the Configure (gear) icon in the Billable Account panel.
4. Select the account you want to be billed for market data, then click Save.

Beginning with the next billing cycle, your market data subscriptions will be billed to the account you selected.

 

 

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