Non-Professional Advisors

A master account linked to individual client accounts.

• The master account is used for fee collection and trade allocations (if permitted under relevant law and IBKR policy).
• The advisor can open a single client account for his or her own trading.

Account Information

Investment advisers in the US must be registered either with the SEC or with the state(s) where they operate or qualify for an exemption from registration. Only Advisors who are exempt from registration and managing accounts on behalf of non-professional clients (such as family and/or friends) are eligible to open a Non-Professional Advisor account.

Advisors whose Registered Independent Advisor registrations are pending or who aspire to become RIAs can open a Non-Professional Advisor account and then, when their registration is complete, upgrade their account to a Registered Investment Advisor account by entering information about their securities and/or commodities registration on the Advisor Qualifications page in the Advisor Portal.

Must be 21 or older to open a margin account, 18 or older to open a cash account.

Accounts are accepted from citizens or residents of all countries except citizens or residents of those countries or regions that are on the sanction list of the US Office of Foreign Asset Controls or similar lists, or other countries determined to be higher risk. See all available countries.

A UGMA/UTMA account is intended for a custodian of a minor who is a US resident, and is available as a Cash account only. A UGMA/UTMA account is a single account with a default single user (the custodian), and up to five Power of Attorney users can be added. The minor for whom the account is opened must be a US legal resident and a US citizen.