Interactive Brokers
brokerage
Last verified 2024-09-01
Interactive Brokers is a US-regulated broker-dealer that also functions as a multi-currency cash management account. It accepts clients from 200+ countries and territories, including US persons worldwide. The IBKR Global Trader and IBKR Pro accounts support 23 currencies with excellent FX conversion rates (near interbank). The debit card (via IB) enables spending from brokerage cash. Particularly valuable for expats who want to invest in global markets while maintaining USD cash. SIPC protection up to USD 500,000 on securities; additional Lloyd's of London coverage available. No minimum balance required for IBKR Lite.
Details
- Headquarters
- United States
- Currencies
- 23
- Monthly Fee
- Free
- Non-Residents
- Accepted
- US Persons
- Accepted
- Debit Card
- Available
- Business Account
- Available
Opening Requirements
- •Government-issued photo ID
- •Proof of address
- •Tax identification number (SSN for US persons, or foreign TIN)
- •W-8BEN or W-9 tax form
- •Financial background questionnaire
Restricted Nationalities
Not available to nationals of: north-korea, iran, cuba, syria