Administrator

An administrator account is a single account linked to one or more advisors, hedge funds, proprietary trading groups or other account types. It provides reporting and other administrative functions to one or more client, fund or sub-accounts. Administrators have no access to funding, cannot trade and have no access to IBKR trading platforms. Find out more information by reviewing the Guide to Choosing the Right Account page and the What You Need for the Application page.

To open this type of account, follow the steps below.

1. Navigate to www.interactivebrokers.com and select the Open Account button in the top right corner followed by Start Application.

   

2. Select the Institution tab on the left side and input an Email Address, Username, Password, and Country for this account.

   

3. Select Create Account to navigate to the next page.

4. Confirm your email address by selecting the blue Confirm button in the top right corner. Select the Administrative Accounts tab followed by Administrator from the account type drop-down menu.

   

5. Upon selecting the account type, you will be prompted to enter the Incorporation/Legal Formation (Country and State). Once these have been selected, click Start Application.

   

6. The next page of the application is the About Your Organization section. Fill this out accordingly and press Continue.

   

7. On the following page, enter the Authorized Person information and press Continue.

   

   Please note, to the extent required by law, we will take appropriate technical and organizational measures to keep your Personal Information confidential and secure in accordance with our internal procedures covering the storage, disclosure of and access to Personal Information. To review our privacy policy, please click here.

8. The next page is the About Your Organization section. Fill this out accordingly and press Continue.

   

9. The Account Add-On section will populate on your screen. The Stock Yield Enhancement Program provides extra income on the fully-paid shares of stock held in your account by allowing IBKR to borrow your shares in exchange for collateral (either U.S. Treasuries or cash). IBKR then lends the shares to traders who want to sell them short and are willing to pay a fee to borrow them. To enroll, click the Enroll check-box and press Continue. If you do not want to enroll at this time, leave the check-box blank and click Continue.

   

10. The next page of the application is the Review & Sign Agreements section. Fill this out accordingly and press Continue.

    

11. The following pop-up may appear on your screen. Click Continue application.

    

12. The final page of the application is the Status section. This page will state any additional information or documents needed to complete the application. These tasks are prompted based on the information you previously provided in the application. Any required documents needed for the application will be marked as "REQUIRED" or "Not Yet Received" in red letters. Select the blue buttons to Fund Your Account, Answer Questions, Verify Identity, and Upload Documents.

    

13. Once all of these steps have been completed, a member of our back office team will review the application and any submitted documents. Once the account has been approved and opened, you will receive an email from Interactive Brokers advising that your account has been activated and you may log in at any time to start trading.

How to Fund Your Account During the Application

Funding your account during the application process is optional. However, doing so will push your application to a priority review. Funding your account may done by transferring cash from a bank account. Please note, funding Administrator accounts is not required as you will use this account solely to manage your clients. If you would like to trade on your own behalf you will need to open an account under your administrator account. You may fund an administrator account for other reasons such as subscribing and paying for Market Data and/or Research. To fund your account, follow the steps below.

1. On the final page of the application, click the Fund Your Account button.

   

2. A list of transfer methods will populate on your screen. Click your desired transfer option.

   

3. Provide your bank details and complete the transfer request.