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Interative Broker minimum ballance requirements.


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Interative Broker minimum ballance requirements.

  #1 (permalink)
 SigTrader 
Minnesota United States of America
 
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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)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
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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)
 
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 shodson 
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)
 SigTrader 
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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 sands 
London + UK
 
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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)
 russell22 
Sydney, Australia
 
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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)
 
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 mattz   is a Vendor
 
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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

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #8 (permalink)
 Futures Operator 
New York, NY
 
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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)
 
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Deleted.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #10 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
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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 don’t 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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