Interactive Brokers Proficiency Tests

K

Kether

Does anybody know how to access these as I need to do them to trade options etc and can't seem to find them on their website or platform. Thanks.
 
Robert Morse said:
What is the Proficiency Test. I have never heard the term.
More...
You need to have a certain amount of experience or prove your knowledge to access certain types of account or functions. I'm relatively new to trading so can't open a margin account or trade options without passing the tests. Problem is, I can't find the tests.
 
I've never heard of a test to trade options in a customer account. Is that a UK regulation? We have requirements to be approved for different option levels but they are based on Financials, Investment objectives, and Risk Tolerance.

Kether said:
You need to have a certain amount of experience or prove your knowledge to access certain types of account or functions. I'm relatively new to trading so can't open a margin account or trade options without passing the tests. Problem is, I can't find the tests.
More...
 
I remember taking the IB tests several years ago. I might have only needed to take them because I said that I had zero options experience. I think they presented me with the test when I requested option trading permissions.
 
A number of firms created proficiency tests for portfolio margin. Obviously not the same, but the tests were mostly about options. Here's an old test.
 

Attachments

Robert Morse said:
I've never heard of a test to trade options in a customer account. Is that a UK regulation? We have requirements to be approved for different option levels but they are based on Financials, Investment objectives, and Risk Tolerance.
More...
I think when he took the IB Financial-Objective-Risk survey, in the drop down for options he must have said something under 10 years or beginner.
 
You must log in or register to reply here.
Back
Top