Introducing Broker

A Broker account is described as a master account linked to an individual or organization client accounts. The master account is used for fee collection, and the broker may open a single proprietary account for trading. The account can be white branded with the broker's corporate identity. The broker has access most Portal functions and can have multiple users, each with access to different functions and jurisdiction over different client accounts. Clients have access to all trading and Portal functions. 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, please take the steps outlined below.

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

    The open account on the IBKR website.

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

    The open an institution account page.

  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 Institutional Accounts tab followed by Introducing Broker from the account type drop-down menu.

    Select the account type introducing broker.

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

    Select the broker type.

  6. Enter the Regulatory License Information by selecting "This application is for an advisor that is NOT licensed or registered with any regulatory agency" or "This application is for an advisor that is licensed or registered with a regulatory agency".

    Select if you have license information introducing broker

  7. If you select "This application is for an advisor that is licensed or registered with a regulatory agency", you must enter the Primary Registered/License Country.

    The license information for registered broker

  8. Enter the Regulatory License Information by selecting the check box's to the left of the regulators your organization is registered with and providing the necessary information.

    Enter the regulatory license information for an introducing broker

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

    The about your organization panel.

  10. The following page is an additional About Your Organization section. Fill this out accordingly and press Continue.

    Enter your organization's contact information for the application.

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

    The authorized person information

  12. The next page is the Chief Compliance Officer section. Enter the information and press Continue.

    The chief compliance officer information.

  13. Enter the Money Laundering Reporting Officer information and press Continue.

    The money laundering reporting officer information.

  14. The next page is the Tax Classification section. Enter the information and press Continue.

    The broker tax classification

  15. Fill out the Regulatory Information and press Continue.

    The broker regulatory information

  16. The next page is the Financial Information page. Fill this out accordingly and press Continue.

    The broker financial information.

  17. The following page is the Confirm Your Tax Residence section. Fill this out accordingly and press Continue.

    The broker confirm tax residence panel in the application.

  18. The Affiliate and Public Symbol Designation page will populate next. Fill this out accordingly and press Continue.

    The affiliate public symbol designation

  19. On the following page, enter the Nature of Business Declaration information and press Continue.

    The nature of business declaration

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

    The review & sign broker application panel

  21. 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. Select the blue buttons to Fund Your Account, Answer Questions, Verify Identity, and Upload Documents.

    The broker application status page.

  22. Once all of these steps have been completed, a member from 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.