So I am fairly interested in opening an account at IB to trade on margin. However, the margin age requirement is 21 and im only 19. Ive been trading a lot with RobinHood and feel that I would be capable of trading on margin. Do you think I could get away with lieing about my age? Has anyone ever tried and had success/failure?
IB Age Requirement
- Thread starter azn239
- Start date
I haven't ever opened up a IB account, only account I've ever opened with is my bank. I would assume IB would ask for photo ID or some sort of proof of identification. I'm assuming you can't just make up a name or age or IB be the go to place to launder cash. Between the government and SEC, they like to know whose trading what.
I wanted to move to IB so I could do futures when I was 19. I had to wait until 21 also. Just use another broker then you can worry with IB later on.
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I dont think they asked to see my birth cert;
but your results may differ,tell the truth, especially since that's a good law.Wisdom is profitable to direct