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Configuring Your Account

Trading Requirements


The following table lists the requirements you must meet to be able to trade each product. Be sure to read the notes at the bottom of the table, as they contain important additional information. Note the information below is not applicable for India accounts.

Important: To qualify as an a client, you must meet these requirements:

  • To trade any product, you must have a Good or Extensive Knowledge Level for that product. In the case of Complex & Leveraged Products, you must have a Good or Extensive Knowledge Level for stocks and options, or stocks and futures, or take a test.
  • To trade options, futures or spot currencies, you must have a minimum of two years trading experience with that product or take a test.
  • To trade Complex & Leveraged Products, you must have a minimum of two years trading experience with stocks and either options or futures, or with stocks or options or futures and take a test.
  • Your Net Worth cannot be less than your Liquid Net Worth.
  • Retail natural person clients of IB Australia may qualify for a margin account if you are employed and your income is greater than 40,000 AUD or your liquid net worth is greater than 100,000 AUD. Investment objective cannot include Preservation of Capital. See https://ibkr.info/article/3352 for more information.
  • Note that all the Liquid Net Work and Income figures below are in USD.


Stocks, Warrants, Mutual Funds, Bonds (excluding HK applicants) 1
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Cash Account (Investment/Trading/SMSF) Income or
Growth or
Trading Profits or
Speculation or
Hedging
>20,000/Any
(Customers aged 18-21 are eligible to trade stocks
if they meet all other requirements)
Margin Account 10 (Leveraged Trading/Professional Investor) Growth or
Trading Profits or
Speculation or
Hedging
>20,000/>40,000


Bonds (HK applicants) 9
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Cash Account (Investment/Trading/SMSF) Income or
Growth or
Trading Profits or
Speculation
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000
Margin Account10 (Leveraged Trading/Professional Investor) Growth or
Trading Profits or
Speculation
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000


CFDs 8
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Cash Account (Investment/Trading/SMSF) Income or
Growth or
Trading Profits or
Speculation
>100,000/>40,000
Margin Account10 (Leveraged Trading/Professional Investor) Growth or
Trading Profits or
Speculation or
Hedging
>100,000/>40000


Options, Penny Stocks - (Stocks are automatically selected when you select Options)2, 3, 5
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Cash Account (Investment/Trading/SMSF) Trading Profits or
Speculation
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000
Margin Account10 (Leveraged Trading/Professional Investor) Trading Profits or
Speculation
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000

Limited option trading is available to Investment Accounts and SMSF accounts. Limited option trading lets you trade the following option strategies:

  • Long Call or Put
  • Covered Calls
  • Short Naked Put: Only if covered by cash
  • Call Spread
  • Put Spread
  • Long Butterfly
  • Iron Condor
  • Long Call and Put

Note: Trading accounts and the Margin accounts will not be subject to these option limitations.



Spot Currencies 4, 5
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Margin Account,sup>10 (Leveraged Trading/Professional Investor) Trading Profits or
Speculation or
Hedging
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000


Futures, Futures Options 6, 7
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Cash Account (Investment/Trading/SMSF) Growth or
Trading Profits or
Speculation 7 or
Hedging
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000
Margin Account10 (Leveraged Trading/Professional Investor) Growth or
Trading Profits or
Speculation 7 or
Hedging
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000


Single-Stock Futures 2
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Margin Account10 (Leveraged Trading/Professional Investor) Growth or
Trading Profits or
Hedging
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000


Complex or Leveraged Product (CLP)
Account Type Investment Objectives Liquid Net Worth/Income Minimums Age
>50 or ORG 41-50 31-40 21-30
Cash Account (Investment/Trading/SMSF) Trading Profits or
Speculation or
Hedging
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000
Margin Account10 (Leveraged Trading/Professional Investor) Trading Profits or
Speculation or
Hedging
>100,000/Any >75,000/>50,000 >50,000/>45,000 >20,000/>40,000


Notes:

  1. Only applicants with US accounts and US residence can trade US Mutual Funds.
  2. If you select only Options or only Single-stock Futures, Stocks will automatically be selected as well.
  3. For Options, in addition to the Years Trading and Trades per Year requirements, your Total lifetime Options trades must equal at least 100. For options, this is defined as stock trades + options trades + futures trades = at least 100 total trades lifetime.
  4. For spot currencies, in addition to the Years Trading and Trades per Year requirements, your Total lifetime spot currency trades must equal at least 100. For spot currencies, this is defined as stock trades + options trades + futures trades + spot currency trades = at least 100 total lifetime trades.
  5. Applicants who have completed the teaching exam for Options or spot currencies are exempt from the two years experience requirement to trade Options or spot currencies.
  6. If you select Futures Options only, Futures will automatically be selected as well.
  7. The Speculation investment objective requirement does not apply to Futures and Futures Options trading in a Trust account.
  8. For Non-US and Non-Canadian accounts.
  9. HK Applicants who have completed the teaching exam for Bonds are exempt from the five years experience requirement to trade Bonds.
  10. Retail natural person clients of IB Australia may qualify for a margin account if your income is greater than 40,000 AUD or your liquid net worth is greater than 100,000 AUD. See https://ibkr.info/article/3352 for more information