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Interative Broker minimum ballance requirements.
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Interative Broker minimum ballance requirements.

  #1 (permalink)
Elite Member
Minnesota United States of America
 
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Interative Broker minimum ballance requirements.

Hi Traders,

Am I reading it correctly at IB website for account balance minimum to open is $10,000?

Thanks, SigTrader

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  #2 (permalink)
Hi Mom!
Bridgeport, Ct
 
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TheShrike's Avatar
 
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Yes, that is correct

Yup, it's a 10k minimum to open an account. It is okay if you go below 10k through trading drawdown or withdrawals. The 10k minimum is only for account opening.

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  #3 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
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It depends on your situation and what type of account you want to open. All of these are explained here

https://www.interactivebrokers.com/en/index.php?f=4969

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  #4 (permalink)
Elite Member
Minnesota United States of America
 
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Thank you Shrike and Shodson,

As this will be my first platform/broker, I want to have some things clear before i make calls and sound like a fool.

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  #5 (permalink)
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You want to look at their fees structure that will be more pertinent to your trading and help you understand what trading your chosen markets will physically cost you. IB has it published in quite low level detail, and not many people talk about that but it's a great thing to learn early on in my opinion and as important as account maintenance.

Good luck.

Sands.

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  #6 (permalink)
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For those who don't have the required $10,000, I'd look at one of the introducing brokers. One of them in particular has a very low min bal requirement.

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  #7 (permalink)
Market Wizard
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russell22 View Post
For those who don't have the required $10,000, I'd look at one of the introducing brokers. One of them in particular has a very low min bal requirement.

We allow $5K. There are those who require lower, but I am not sure how they handle the leverage.

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #8 (permalink)
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russell22 View Post
For those who don't have the required $10,000, I'd look at one of the introducing brokers. One of them in particular has a very low min bal requirement.

Does using an introducing broker for IB provide any additional savings/benefits other than initial account opening minimum, like lower fees/comm's/margins, or additional services/benefits? Looking to use IB with Sierrachart.

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  #9 (permalink)
Market Wizard
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Deleted.

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Last edited by mattz; September 5th, 2014 at 08:51 PM. Reason: Misunderstood Question
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  #10 (permalink)
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mattz View Post
You will find that your question does not have a straight forward answer. If you mean whether an FCM will be lower cost than an IB, than you will find that most FCMs try (if honest) not to undercut their IBs and provide the same pricing. Some IBs could even be lower than what their FCM provides if they are high volume producers. Additionally, IBs could support and make their own arrangement with data feed providers and platforms that their FCMs donít directly support.
Matt

Could you elaborate at least for your case, what can you offer as an introducing broker to IB for customer's, rather than them going direct with IB, in terms of costs savings or benefits?

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