IB troubles :-(

R

RunTrade

I have attempted to open an account at IB, but they would not let me because i "do not meet the minimum financial requirements".(net worth, income, etc)... I only attempted to open a simple cash account and granted i'm just about to graduate college so I do not have a large net worth and little annual income.

So why then, do they say you can open an individual account for only $2,000!? and that people under the age of 25 have smaller commision minimums??

is this false advertising or am I missing something. I revised my app. to make it as simple of an account as possible...cash account, trade U.S. stocks only, seeking growth and income...
 
growth and INCOME means you are a more of a conservative investor, not IB customer base. You may want to include your future inheritance in your net worth if you really want to open that account !
 
Quote from Kicking:

growth and INCOME means you are a more of a conservative investor, not IB customer base. You may want to include your future inheritance in your net worth if you really want to open that account !
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well wouldnt that be discriminating if they only accepted clients with certain intentions....thats why they have a monthly minimum...but nonetheless, I just said that to see if I could continue.


My short-term future inheritance is a bunch of college debt:p
 
it's probably to make sure they have no liability for accepting customers unfit (with regards to objective and net worth)to invest in the products they offer
 
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