IB new account funding USD10,000

F

Feezar25

Hi all fellow traders. I have a noob question regarding the minimum funding on IB for new account. Let say I fund the account today for USD10 k to open the new account, and later I withdraw USD 7k, (leaving only 3k in the account), will IB still let me trade?

IB insist me to open new account since my old one have been closed since Feb 14'. I got no choice but to open new one but the 'minimum fund' for new account policy was a bit hard for me.

Please help.Thanks
 
https://ibkb.interactivebrokers.com/article/819

Can I withdraw funds from my account once I've met the minimum deposit requirement?
IB's intent with respect to the minimum is for account holders to maintain at least USD 10,000, or equivalent, although it's understood and accepted that equity may fall below that level due to trading losses and/or fees. Account holders are not, however, allowed to fund an account at a level sufficient to meet the minimum threshold and subsequently withdraw funds in an effort to circumvent the minimum.

and

To Trade a margin account you must maintain at least USD 2,000 or non-USD equivalent.
 
Last edited:
They also hold your funds and prevent withdrawals for a certain time period.

They also have higher requirements to get permissions to trade certain instruments. If you want options and futures, you have to meet certain income requirements. They basically don't want to play with small accounts.

If you can not meet the minimum requirements, go with some of the smaller shops out there.
 
I see.. I trade options but I can't find anyone who offer lower commission or atleast close to what IB had..Care to give some suggestion of 'smaller shops' out there?
 
Feezar25 said:
I see.. I trade options but I can't find anyone who offer lower commission or atleast close to what IB had..Care to give some suggestion of 'smaller shops' out there?
More...

Try MBTrading, Speedtrader, and Trade King, to name a few.

Think Or Swim has one of the best platforms in my opinion.
 
You must log in or register to reply here.
Back
Top