Access to the many features in Account Management is based on your customer type and account structure.
There are two main customer, or legal, types:
Access to the many functions in Account Management depends on your account structure. For example, you might be an advisor or broker master user, an advisor or broker client user, proprietary trading group master user or an institution sub user, or an individual trader or investor.
We offer the following account structures, which reflect your business:
| Account Structure | Description |
|---|---|
|
Traders and Investors |
|
| Individual, Joint, Trust, and IRA and Custodial (UGMA/UTMA) | Individual, Joint, Trust and IRA users who manage their own accounts, and UGMA/UTMA account custodians who manage accounts for minors. |
| Small Business | Single Corporations, Partnerships, Limited Liability Corporations and Unincorporated legal structures that manage their own accounts. |
| Friends and Family Group Group | Multiple accounts (15 or fewer) managed under a single login. Managed accounts can be single and/or organization customer types, including family office and small business accounts. |
| RSP and TFSA (IB Canada only) | IB Canada offers Regular RSP, Spousal RSP and TSFA accounts for individuals only. RSP accounts require a minimum equity size of 10K USD equivalent. A Spousal RSP account allows spouse or common law partner to contribute to your RSP and receive the benefit of the tax deductions for such contributions. |
|
Advisors |
|
| Advisor Master User Individuals | Individual financial advisors who manage a group of master and/or client accounts. |
| Advisor Master User Organizations | Organizations who manage a group of master and/or client accounts. |
| Advisor Client User Individuals | Individuals whose accounts are managed by a professional financial advisor. |
| Advisor Client User Organizations | Organizations whose accounts are managed by a financial advisor. |
| Pension Plan Trust Accounts | These client accounts are trust accounts that hold assets for a qualified Pension Plan (as specified in Section 401(a) of the Internal Revenue Service Code). |
| Hedge and Mutual Funds | |
| Investment Manager Master Users | Investment managers who manage a single fund, multiple funds, or an allocation (give-up) fund. A single fund can add one or more authorized traders to represent different fund strategies; this changes the Single Fund account into a Fund Strategy account (behaves like a Proprietary Trading Group STL account). |
| Funds | Hedge or mutual funds managed by an investment manager. |
| Separately Managed Accounts | Separately Managed Accounts (SMAs) that are part of a multiple hedge fund account structure. SMAs can be Individuals or Organizations. |
|
Registered Brokers and FCMs |
|
| Broker Master Users | Introducing brokers or broker/dealers who manage a group of broker master and/or broker client accounts. |
| Broker Fully Disclosed Client User Individuals | Fully disclosed individuals whose accounts are managed by a Broker Master User. |
| Broker Fully Disclosed Client User Organizations | Fully disclosed organizations whose accounts are managed by a Broker Master User. |
| Broker Non-Disclosed Client Users | Non-disclosed broker clients whose accounts are managed by a broker. |
| Broker Omnibus Client Users | Omnibus broker clients whose accounts are managed by a broker. |
|
Proprietary Trading Groups |
|
| Proprietary Trading Group Master Users | Proprietary trading accounts with jurisdiction over multiple accounts for banks, brokers, trading arcades or other institutions. A Proprietary Trading Group Master User with a Separate Trading Limit.(STL) account can create sub accounts with separate trading limits and different trading strategies for their employees. |
| Proprietary Trading Group Sub Users | Traders (employees of an institution) whose sub accounts are managed by a Proprietary Trading Group Master User. |
|
SIPP Accounts |
|
| SIPP Administrator | A SIPP Administrator is the Master User of a SIPP account. A SIPP Administrator's clients can open sub accounts and trade their SIPP through Interactive Brokers (UK) Limited. |
|
Administrators |
|
| Administrator | Third-party administrators, auditors and outside legal counsel log in once to perform reporting and other administrative tasks for multiple client accounts. |
|
Referrers |
|
| Referrer | An individual or a firm that participates in our Referral Program and receives flat fee- or commission-based payouts by referring eligible clients to IB. A referrer typically specializes in providing training and coaching, trading information, systems and tools, and professional services to clients through public or private channels. Flat fee-based referrers must be individuals while commission-based referrers must be organizations. |
|
Institutional Hedge Fund Investors |
|
| Institutional Hedge Fund Investors | Designed for endowments, foundations, pensions, family offices, funds of funds and other institutions who want to invest in hedge funds, our Institutional Hedge Fund Investor accounts allows access to the Hedge Fund Marketplace, our online version of a traditional Capital Introduction Program. |
The following table shows the Account Structure Key. We reference these account structures throughout
this guide to identify who can access each function in Account Management.
| Account Structures Key | |
|---|---|
| I | Individual, Joint, Trust and IRA account users |
| SB | Corporate, Partnership, LLC and Unincorporated Businesses |
| FF | Friends and Family Group account users |
| AM | Advisor Master Individual |
| AMO | Advisor Master Organization (Corporate, Partnership, LLC, Unincorporated business) |
| AC |
Advisor Client Individual |
| ACO | Advisor Client Organization (Corporate, Partnership, LLC, Unincorporated business with electronic access) |
| BM | Broker Master |
| BFC | Broker Fully Disclosed Client (Individual, Joint, IRA) |
| BFCO | Broker Fully Disclosed Client Organization (Corporate, Partnership, LLC, Unincorporated business) |
| BNC | Broker Non-Disclosed Client |
|
BOC |
Broker Omnibus Client |
| FIM | Fund Investment Manager Master |
| F | Fund |
| PTGM | Proprietary Trading Group Master |
|
PTGS |
Proprietary Trading Group Sub |
| A | Administrator |
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