How can I access historical statements and how will I obtain tax reports once my account has been closed?
Background:
After an account has been closed, the account holder will continue to be provided access to Client Portal for the purpose of reviewing and printing historical statements along with historical as well as the following year's tax forms (once issued). Access is provided using the same user name and password combination in place at the time of closing. Accounts which were enrolled in the Secure Transaction Program will no longer need a security device to log into their account.
Does IBKR provide for a dormant or inactive account status?
While there is no provision for dormant or inactive account status, there is no monthly minimum activity requirement or inactivity fee in your IBKR account.
While we have no minimum account balance, should the account balance fall below USD 2,000 IBKR is precluded, by regulation, from affording margin treatment to securities positions. In addition, account holders will also be billed for any market data subscriptions maintained and, as a matter of policy, will have subscriptions terminated automatically when the account balance falls below USD 500.
Individuals seeking to close an account are encouraged to refer to our User's Guide to familiarize themselves with the steps and prerequisites for taking this action.
