Interactive Brokers offers Four major accounts: Individual, Joint, Trust, IRA and UGMA/UTMA Accounts.The raw spread account can be of two types: Raw Spread metatrader, and Raw Spread Ctrader account. The Standard account is spread-based, while the Raw Spread account is commission-based. Additionally, based on client type (Client profile), Interactive Brokers offers a good number of account types:
Below is the full list of account types offered by Interactive Brokers:
- Interactive Brokers individual account
- Interactive Brokers Joint Account
- Interactive Brokers Trust Account
- Interactive Brokers IRA Account
Interactive Brokers Standard Account: Best for Beginners
Interactive Brokers Standard Accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit beginner traders, offering a straightforward and accessible trading experience with competitive spreads and reliable execution.
Key Features of Interactive Brokers Standard Account:
- Applicable For: Applicable for all jurisdictions including SEC , CFTC ,FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA,
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Stocks, options, futures, currencies, bonds, and funds
- Trading Platforms: WebTrader, FIX API, MobileTrader (MobileApp), TWS
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 300 Lots
- Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, or USD
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 0%
- Margin Call Level: 60%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
Interactive Brokers Joint Account
Key Features of Interactive Brokers Joint Account:
- Applicable For: Applicable for all jurisdictions including SEC , CFTC ,FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA,
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Stocks, options, futures, currencies, bonds, and funds
- Trading Platforms: WebTrader, FIX API, MobileTrader (MobileApp), TWS
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 300 Lots
- Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, or USD
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 0%
- Margin Call Level: 60%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
Interactive Brokers Trust Account
Key Features of Interactive Brokers Trust Account:
- Applicable For: Applicable for all jurisdictions including SEC , CFTC ,FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA,
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Stocks, options, futures, currencies, bonds, and funds
- Trading Platforms: WebTrader, FIX API, MobileTrader (MobileApp), TWS
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 300 Lots
- Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, or USD
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 0%
- Margin Call Level: 60%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
Interactive Brokers IRA Account
Key Features of Interactive Brokers IRA Account:
- Applicable For: Applicable for all jurisdictions including SEC , CFTC ,FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA,
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
- Trading Instruments: Stocks, options, futures, futures options, SSFs, ETFs, EFPs, currencies, fixed income, warrants and funds
- Trading Platforms: WebTrader, FIX API, MobileTrader (MobileApp), TWS
- Minimum Deposit: $0
- Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 300 Lots
- Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, or USD
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 0%
- Margin Call Level: 60%
- Negative balance Protection: Yes
- Investor Protection: Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction.
