How to legally maintain that I am subscribed to Interactive Brokers?

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basem0001

Hello,

I am a foreigner subscribing to InteractiveBrokers, The account subscription is completely online, there's no physical documents.

The only document I can get is simply printing my application details.

Is it enough - in case of any wrong doings - to use the printed form of this application to say that I have an account with InteractiveBrokers?
 
Robert Morse said:
Why would you require any proof besides your login credentials?
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What if InteractiveBrokers gone wild and said I didn't have any account with them?

I never did a subscription completely online with such significant account minimumn "$10K", so just want to be sure that legally I am on the right side
 
basem0001 said:
What if InteractiveBrokers gone wild and said I didn't have any account with them?

I never did a subscription completely online with such significant account minimumn "$10K", so just want to be sure that legally I am on the right side
More...
IB wont do that but you might need a few printed account statements in case the broker goes bust and you need to claim the SPIC insurance
 
basem0001 said:
Hello,

I am a foreigner subscribing to InteractiveBrokers, The account subscription is completely online, there's no physical documents.

The only document I can get is simply printing my application details.

Is it enough - in case of any wrong doings - to use the printed form of this application to say that I have an account with InteractiveBrokers?
More...

Check the broker with FINRA.
https://brokercheck.finra.org/
If it checks out, there should be minimal risks that they take your money and run without any records. There are regulations, bonds, registrations and insurance that protects you.
 
and save at least one copy (and one TWS configuration on a thumb-drive) AND a copy of your security card AND your security question/answers

in a remote location.
 
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You need to provide docs to IB to open an account. Proof of identity etc.... and also if you wire money in your account there's proof of the transfer...

What are you worried about? IB is one of the more legit brokers around...
 
basem0001 said:
I am a foreigner
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From whose perspective?

If you are used to walk into a brick-and-mortar bank then it might seem a bit overwhelming to having to deal with a purely online financial institute. You have to do your own due diligence to create enough trust to hand over your money to that institute.
 
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