Account Type Comparison
Interactive Brokers Europe
For clients resident within the European Economic Area (EEA), the account will be held with Interactive Brokers Ireland Limited.
| Cash account | Margin account | |
|---|---|---|
| Minimum age | 18 | 21 |
| Minimum account amount | No minimum amount | EUR 2,000 or equivalent in other currency; otherwise treated as cash account |
| Minimum financial requirements | Sufficient financial resources | Sufficient financial resources |
| Margin trading | Not possible, securities must be fully paid | Possible, if collateral is deposited, if the traded value exceeds the cash balance. |
| Types of securities that can be traded | Shares, options (long positions and covered short positions; prerequisite: minimum age 21) | All products |
| Short sales | No | Yes |
| Settlement periods | Up to 3 days | Up to 3 days. Sales proceeds and other credit entries are provided immediately. |
| Day trading | Yes, but only within the limits of the available cash balance | Yes |
Interactive Brokers LLC
For clients residing outside the European Economic Area (EEA), the account will be held with Interactive Brokers LLC.
| Account type | Cash | Reg T Margin | Portfolio Margin |
|---|---|---|---|
| Minimum age | 18 years of age | 21 years of age | 21 years of age |
| Initial deposit | EUR 2,000 (or transfer of securities account at least EUR 2,000) | EUR 2,000 (or transfer of securities account at least EUR 2,000) | EUR 110,000 (or deposit transfer at least EUR 110,000) |
| Minimum account balance | No Minimum balance | Approximately EUR 2,000 or equivalent in other currency. Treatment as a cash account if under EUR 2,000 | Approx. EUR 100,000 or equivalent in other currency. Treatment as a cash account if under EUR 2,000 |
| Minimum financial requirements | Sufficient financial resources | Sufficient financial resources (but higher than cash account) | Sufficient financial resources (but higher than the Reg T margin account) |
| Margin trading | Not possible. Products must be paid in full. | Possible, if collateral is deposited, if trading exceeds cash balance. Equity incl loan value < EUR 2,000: Trading on margin no longer possible. | Possible, if collateral is deposited, if trading exceeds cash balance. Equity incl loan value < EUR 90,000: Trading on margin no longer possible. |
| Calculation of Margin Requirements | - | Allocation of the portfolio into strategies or individual positions. Calculation based on worst case scenarios for the individual elements | Allocation of the portfolio into strategies or individual positions. Calculation based on worst case scenarios for the individual elements |
| Subaccounts used | Securities | Securities, Commodities, UK-L (Commodities und UK-L sind stets Margin-Konten) | Securities, Commodities, UK-L (Commodities und UK-L sind stets Margin-Konten) |
| Tradable Products | Shares, options (long positions and covered short position; requirement: minimum age: 21 years) | All products | All products |
| Short selling | No | Yes | Yes |
| Settlement periods | Up to 3 days | Up to 3 days. Sales proceeds and other credit entries are made available immediately | Up to 3 days. Sales proceeds and other credit entries are made available immediately |
| Day-Trading | Yes, but only within the scope of the existing cash balance | Yes | Yes |
Corporate Account
FXFlat Bank also offers you the possibility to open a company account with Interactive Brokers for the Trader Workstation. On this page you will find a list of the documents required to open a corporate account, as well as step-by-step instructions for completing the account application.
You should have the following forms and information ready to open an account:
- LEI number
- Company tax number
- Private tax identification number
- Commercial register extract (not older than six months)
- Identity card or passport
- Company proof of address (company current account statement or trade register extract, not older than one month)
- Private proof of address (current account statement, credit card statement, securities account statement: not older than six months)
- List of shareholders
As soon as you click on the "Trader Workstation Account Application" button below, you will be automatically redirected to the TWS application. There, you will be able to select the company account under Account Type and residence in the correct application process.
Enclosed you will find the corresponding instructions.
Account application Trader WorkstationCorporate account instructions