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