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Configuring Your Account

Account Structures


Interactive Brokers offers many customer account structures that are designed to meet the specific needs of individual traders and investors and institutions.

| Interactive Brokers Australia Pty. Ltd.

Account Structures for Traders and Investors



Individual and Joint, Trust Accounts

Individuals Joint
Customer Description A single account holder who is a "natural person" i.e. an individual under Australian law. Two account holders who are "natural persons".
Account Description Assets held in a single account owned by a single account holder. Assets held in a single account owned by two account holders.
Trading Access & Account Management Account holder has access to all functions. Can add additional users with a Power of Attorney. Both account holders have access to all functions. Can add additional users with a Power of Attorney.
Margin Cash and Margin are available. Same as Individuals.


Trust Accounts

Customer Description A legally established entity in Australia in which assets are held by one or more trustees for the benefit of one or more beneficiaries.
Account Description A single account held by one or more Trustees. The account will either be a natural person (i.e. individual) trust (if all trustees are natural persons) or a corporate trust (if all trustees are corporate or non natural persons).
Trading Access & Account Management One or more trustees have access to all functions.
Margin Cash and margin are available.


SMSF Accounts

Customer Description A private superannuation fund, regulated by the Australian Taxation Office, that can be owned and managed by up to four members.
Account Description A single account held by one or more Trustees. The account will either be a natural person (i.e. individual) trust (if all trustees are natural persons) or a corporate trust (if all trustees are corporate or non natural persons).
Trading Access & Account Management One or more trustees have access to all functions.
Margin Only Cash is available.


Family Management Account

Customer Description A natural person e.g. individual who is authorised to manage sub-accounts for up to 10 family members or family-held investment vehicles within this structure.
Account Description A master account opened by a natural person (e.g. individual) linked to multiple sub accounts owned by close family members or family held investment vehicles, e.g.. the self-managed superannuation account controlled by the master account holder. The master account owner can open a single account for his or her own trading.
Client Markups No fees (and thus no fee mark-ups) charged to subaccounts.
Trading Access & Account Management Family Management Master can access some or all accounts or functions. subaccount users can trade and directly fund and view statements.
Margin Cash and Margin are available.
Pre-Trade Allocations Family Management master can pre-trade allocate account %, % of equity, or % of positions.


Family Office Account

Customer Description A natural person e.g. individual or non-natural person, i.e. corporation who is a Family Office Manager and is authorised to manage sub-accounts for up to 10 family members or family-held investment vehicles within this structure.
Account Description A master account opened by a natural person (e.g. individual) or non-natural person, i.e. corporation linked to multiple subaccounts owned by close family members or family held investment vehicles, e.g. the self-managed superannuation account controlled by the master account holder. The master account owner can open a single account for his or her own trading.
Client Markups No fees (and thus no fee mark-ups) charged to subaccounts.
Trading Access & Account Management Family Office Manager can access some or all accounts or functions. Subaccount users can trade and directly fund and view statements.
Margin Cash and Margin are available. Each client account is individually margined.
Pre-Trade Allocations Family Office Manager can pre-trade allocate account %, % of equity, or % of positions.


Small Business Account

Customer Description A small business corporation.
Account Description A single account which holds assets owned by the entity account holder.
Trading Access & Account Management Users can be configured to have some or all trading and Account Management functions.
Margin Cash and Margin are available.


Account Structures for Institutions



Advisor Account

Customer Description An Individual or Organization Registered Advisor that manages both client administration (Wealth Management) and the client's money (Money Management).
Account Description A master account linked to individual or organization client accounts.The master account is used for fee collection and trade allocations. The advisor can open a single account for his or her own trading. The account can be white branded with the advisor's corporate identity.
Client Markups % of equity, flat fee, % of P&L, fee per trade, and manual billing.
Trading Access & Account Management The advisor has access to trading and most Account Management functions. Organization Advisors can have multiple users, each with access to different functions and jurisdiction over different client accounts. By default, client do not have access to trading, but client trading can be enabled. Clients have access to all Account Management functions.
Margin Cash and Margin are available. Each client account is individually margined.
Pre-Trade Allocations Advisor(s) can pre-trade allocate cleared trades by account %, % of equity, or % of positions.
Multiple Tiers Advisors have the ability to add an Advisor account with clients, a Multiple Hedge Fund account with fund or SMA accounts, or a Separate Trading Limit account (STL) under the master account.


Money Manager Account

Customer Description An Individual or Organization Registered Advisor that is hired on behalf of another advisor (Wealth Manager) to manage some or all of their client's money.
Account Description A new separate client account is opened for any client for whom a Money Manager manages money. Money Managers can manage money across multiple advisors (Wealth Managers) and their clients.
Client Markups % of equity, flat fee, % of P&L, fee per trade, and manual billing, set by the advisor (Wealth Manager).
Trading Access & Account Management The Money Manager has access to trading only. Assets are moved to the Money Manager client account by the Advisor (Wealth Manager). Organization Money Managers can have multiple trading users, each with jurisdiction over different client accounts.
Margin The Money Manage client account inherits the margin type from the client's Wealth Manager client account. The Wealth Manager and Money Manager client accounts are margined separately.
Pre-Trade Allocations Same as Advisors
Multiple Tiers Not available.


Broker & FCM Accounts

Fully Disclosed Omnibus
Customer Description A Registered Broker or FCM that provides marketing and advice to clients. We provide all other functions, including client registration, trade execution/clearing and reporting. Same as Fully Disclosed with the exception that the client broker provides client record keeping and compliance functions and we do not separate the individual client trading activity.
Account Description A master account linked to an individual or organization client accounts. The master account is used for fee collection. The broker can open a single proprietary trading account. The account can be white branded with the broker's corporate identity. A master account with a linked long account and a linked short account. These two accounts are required as customer trading cannot be netted.
Client Markups Fee per trade. Not Available.
Trading Access & Account Management The broker has access most Account Management functions. Brokers can have multiple users, each with access to different functions and jurisdiction over different client accounts. Clients have access to all trading and Account Management functions. Same as Fully Disclosed Broker.
Margin Cash and Margin are available. Each client account is individually margined. Cash and Margin are available. Margin is determined at the aggregate account level.
Pre-Trade Allocations Not Available. Same as Fully Disclosed Broker.
Multiple Tiers Brokers have the ability to add an Advisor account with clients, a Multiple Hedge Fund account with fund or SMA accounts, or a Separate Trading Limit account (STL) under the master account. Not available.


Proprietary Trading Group Accounts

Pool Separate Trading Limit
Customer Description A corporation, partnership, limited liability company or unincorporated legal structure. Same as Pool.
Account Description Single account which holds assets owned by the entity account holder. Multiple, linked accounts all in the name of a single entity. Assets in all accounts are owned by the entity account holder. Each account has its own trading limits and can have its own trading strategy.
Trading Access & Account Management One or more users. Users can be configures to have some or all trading and Account Management functions. Master user(s) are designated and can be configured to have some or all trading and Account Management functions. Sub account users only access to their single account functions.
Margin Cash and Margin are available. Cash and Margin are available. At trade initiation, each sub account is margined separately. For maintenance and liquidation purposes, all accounts are consolidated.


Hedge & Mutual Fund Accounts

Single Multiple Allocation (Give-Up)
Customer Description A single fund managed by an investment manager. Multiple funds managed by an investment manager. Multiple co-mingled funds managed by an investment manager. Investment manager maintains individual fund activity function separately or gives up to a third-party prime broker.
Account Description A single account with one or more users. Configuring authorized trader sub accounts adds the ability to maintain multiple sub accounts for different strategies. A master fund admin account linked to multiple individual fund accounts. The master account is used for trade allocations. Individual client accounts can also be opened under the master account. A single allocation account for trade executions that allows for end of day give-up of trades to accounts at third-party prime brokers.
Client Markups Soft Dollars for five different commission tiers available. Same as Single Fund. Same as Single Fund.
Trading Access & Account Management Users can be configured to have some or all trading and Account Management functions. Master fund admin users have access to some or all funds or functions. Each fund can have its own set of users with access to some or all Account Management Functions. Fund investment manager(s) has access to some or all functions.
Margin Cash and Margin are available. Cash and Margin are available. Each fund account is individually margined. Cash and Margin are available. All fund trades are consolidated and margined together.
Pre-Trade Allocations Not Available. Master fund admin users can pre-trade allocate by account %, % of equity, or % of positions. Not Available.
Multiple Tiers Not Available Investment manager has the ability to add an Advisor account with clients, a Multiple Hedge Fund account with fund or SMA accounts, or a Separate Trading Limit account (STL) under the master account. Same as Non-Disclosed Broker.


Compliance Officers

EmployeeTrack
Customer Description Any organization that needs to monitor all or some of their employees' trading activity.
Account Description A single account linked to multiple individual, joint, trust and IRA employee accounts for the purpose of monitoring their trading activity.
Trading Access & Account Management Trading is completely controlled by the broker employee with Compliance access to trade activity.
Margin Not applicable.


Administrators

Customer Description Any organization that provides third-party administrative services to other institution accounts. The services offered by such an organization might include auditing, accounting and legal counsel.
Account Description A single account linked to multiple Advisor, Single or Multiple Hedge Fund, and Proprietary Trading Group accounts for the purpose of providing reporting and other administrative functions to one or more client, fund or sub accounts.
Trading Access & Account Management An Administrator cannot trade and has no access to IB trading platforms. An Administrator logs into Account Management once to perform reporting functions for the multiple client, fund and sub accounts to which he or she is assigned.
Margin Not Applicable.


Institutional Hedge Fund Investors

Customer Description Any institution such as an endowment, foundation, pension, family office or fund of funds who want to access our Hedge Fund Marketplace to browse and invest in hedge funds.
Account Description A single account.
Trading Access & Account Management Not applicable.
Margin Not Applicable.