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Approval for FOREX Trading?

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near Paris, France
Trading Experience: Beginner
Platform: -
Favorite Futures: -
Nicolas11's Avatar
Posts: 1,071 since Aug 2011
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For information, some brokers indeed require some "qualifications".

For instance, when opening an account at Interactive Brokers (IB), one should give the following information:
- Personal financial situation: Net Worth, Liquid Net Worth, Annual Net Income
- Investment objective: preservation of capital, income, growth, trading profits, speculation, hedging
- Investment experience for each type of instrument: nb of years, nb of trades per year, total trades

This information is apparently processed by the broker since IB sent me an e-mail to have some clarification on one of the topics. However, no evidence or justification paper was asked (in my case).


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