Firms wishing to open a non-disclosed broker account must be organized in a country that is a member of the FATF (the Financial Action Task Force on

Transcription

1 Broker Accounts Trade execution and clearing services for fully disclosed, non-disclosed, and omnibus brokers. A $10,000 (or USD equivalent) deposit that will be used towards a broker's first three months of commissions with IB is required with each application. Fully disclosed brokers provide their clients with customer service and marketing. Broker clients can electronically trade or the broker may input trades for the client. Clients open accounts electronically. Broker user(s) may proprietary trade in the master account and can view/modify other broker users' trades. Clients directly fund and withdraw to/from Interactive Brokers. Non-disclosed brokers provide their client with customer service, marketing, a registration process, and cashiering functions. Interactive Brokers does not know the identity of any individual client. Broker clients can electronically trade or the broker may input trades for the client. Brokers configure client accounts based on their application process. Clients do not have access to Account Management functions. Broker user(s) may proprietary trade in the master account and can view/modify other broker users' trades. Omnibus brokers provide their clients with customer service, marketing, a registration process, cashiering functions, trade entry, and individual client account record keeping. All trades are combined in a consolidated account, and the broker must enter all client trades. Omnibus broker indicate buy/sell and open/close on each trade. Based on this indicator, the trade is placed in the proper long/short account.

2 Broker user(s) are each assigned a set of functions (trading, funding, report jurisdiction over a group of master and/or client charged and transferred to the master account; trade commissions are paid from the master account. Broker user(s) deposits all funds in the master account and transfers funds between the master and client Broker user(s) are each assigned a set of functions (trading, funding, report jurisdiction over a group of master and/or client charged and transferred to the master account; trade commissions are paid from the master account. Firms wishing to open a non-disclosed broker account must be organized in a country that is a member of the FATF (the Financial Action Task Force on Money Laundering). Clients do not have access to electronic trading or Account Management functions. Broker user(s) deposits all funds in the master account for trading and may transfer funds between the master and proprietary trading Broker user(s) are each assigned a set of functions (trading, funding, report jurisdiction over a group of master and/or client charged and trade commissions are paid from the master account. Firms wishing to open an omnibus broker account must be organized in a country that is a member of the FATF (the Financial Action Task Force on Money Laundering).

3 Broker Account s, Benefits, and Information Click on a link below to find out more information about the features and benefits of an IB account. Universal Direct Access IB Universal Account Global Direct Access Broad Bandwidth Lower Cost Commissions IB SmartRouting SM Margin & Interest Rates Account Information Application Instructions Client Fees DTC and OCC Transfer Services White Branding Customer Account Manager (CAM) Account Management Functions and User Assignment Commission Minimums Account Minimums Deposit and Withdrawals Statements and Downloads Market Data Margin Sample Forms & Documents Software TWS Quickstart Guide TraderWorkstation Algorithmic Trading Connectivity Multiple Order Types Third Party Add-Ons The Company Help Why IB Company Credibility Sales Contacts Site Map Education Universal Direct Access IB Universal Account Global Direct Access Broad Bandwidth Access to stocks, bonds, options, futures, forex, and bonds from a single account interface. Direct Access to more than 50 markets in 14 countries. IB boasts some of the greatest bandwidth in the industry to ensure your orders get quickly routed.

4 Lower Cost Commissions IB SmartRouting SM Margin and Interest Rates IB has automated every aspect of the trade process, ensuring that we are the low cost provider. All order types are the same commission. Get best price execution with IB SmartRouting SM which continuously evaluates fast changing market conditions. Spread order legs are routed across multiple market centers to achieve best price execution. IB offers some of the most competitive interest and margin loan rates in the industry. Account Information Client Fees DTC and OCC Transfer Services White Branding Customer Account Manager (CAM) Account Management Functions and User Assignment Commission Minimums Account Minimums Deposits and Withdrawals Statements and Downloads A broker may specify a client fee per trade as an absolute amount per share or contract, a markup per share or contract, or a % markup of IB's commission. Delivery vs. Payment, Receipt vs. Payment and Clearing Member Trading Agreements are available for the transfer of stocks and options in the US Swap the IB banner with your own banner on IB statements, registration, TWS, account management, and our website. The CAM provides for quick query and viewing of all client information including account configurations, activity, and audit trails. Assign 1 of 5 account management functions (i.e. trading, funding, etc.) and jurisdiction over a group of client IB requires its professional customers to trade commissions of USD 10.00/month/account (or USD equivalent). US regulators require a minimum balance of USD 2,000 (or USD equivalent) to open an account and USD 25,000 (or USD equivalent) to daytrade stocks or options. IB customers may deposit or withdraw funds with wires, checks, or an ACH. Multiple transfer methods are also available. Statements are available in HTML or for download to a number of third-party packages. In addition, we provide a FlexStatements that creates customized statements in text or XML formats.

5 Market Data Margin Real-time market data is available for subscription and fees are assessed based on the amounts charged by the exchanges. Margin is calculated on a real-time basis with automatic liquidation ensuring that IB does not have to spread the cost of credit losses to our customers like other brokers. Software TraderWorkstation TWS Trading Tools API and FIX Multiple Order Types Third Party Add-Ons Our Trader Workstation is optimized for speed of order entry required by professional traders and investors. IB offers three categories of trading tools: Interactive Analytics (Portfolio Analytics, Option Analytics, Value at Risk Analytics, and an Arb Meter), Interactive Technicals (Charts, Scanner), and Interactive Fundamentals. Proprietary Application Program Interface (API) or FIX connectivity for algorithmic traders. Over 30 order types that help limit risk, speed execution, improve price, provide for discretion and control market timing. We offer a number of TWS add-ons through Toolbox partner program. The Company Benefits/s Company Credibility IB has been serving professional traders and investors for over 29 years, our group holds consolidated equity capital that exceeds $2.1 billion, and we are ranked as the 16th largest securities firm by Institutional Investor. University of IB IB offers a number of educational forums including Webinars, Trade Shows, a Bulletin Board, Market Commentary and a Traders' Chat. Benefits and details may be found on the IB website at =llc.