Retirement Account

An IRA account is described as an Individual Retirement Account, available to individual US tax residents only. Account holders have access to all functions and may add additional users by using a Power of Attorney. 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 Individual tab on the left hand side and input an Email Address, Username, Password, and Country for this account.

    The open an individual account page on the IBKR website.

  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 Retirement Account from the account type drop-down menu.

    Selecting the retirement account type in the application.

  5. Upon selecting Retirement Account, you will be prompted to enter the Retirement Account Type, State of Legal Residence and the Service Plan. Once these have been selected, click Start Application.

    Select the retirement service plan in the application.

    The Retirement Account Types have been listed below.

    • Traditional

    • Traditional Inherited

    • Traditional Rollover

    • Roth

    • Roth Inherited

    • Simplified Employee Pension (SEP)

  6. The first page of the application is the About You section. Fill this out accordingly and press Continue.

    Your contact information in the application process.

  7. After pressing Continue, you will need to verify your phone number. Enter the confirmation code that was sent to the mobile number you previously inputted. Press Submit.

    The mobile phone confirmation panel.

  8. Enter the Beneficiary Information by adding an Individual Beneficiary or an Entity Beneficiary. Press Continue once this information has been entered.

    The beneficiary information on a retirement account application.

  9. The next page of the application is the Configure Your Trading Account section. Fill this out accordingly and press Continue.

    The account configuration page in the application.

  10. Review the Beneficiary information on the following page. Provide a signature and select Continue.

    The review beneficiaries panel in the application.

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

    Review and sign the retirmenet account applcation.

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

    Finalizing the retirement account application.

  13. 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.