Interactive Brokers Account Type

　　Interactive Brokers offers a range of account types suitable for cryptocurrency trading, including:

• Standard Account: This account allows trading in multiple asset classes, including cryptocurrencies like Bitcoin and Ethereum.
• Minimum Deposit: $0
• Fees: 0.12% to 0.18% of trade value, with no added spreads or custody fees.
• Supported Currencies: 4 cryptocurrencies (including Bitcoin and Ethereum).
• Margin Account: This account type allows traders to borrow funds to increase their trading power.
• Leverage: Up to 4:1 for cryptocurrency trades.
• Minimum Deposit: Varies based on the amount borrowed.
• Futures Account: Enables trading in cryptocurrency futures, allowing for leveraged trading.
• Minimum Contract Size: $5 for Bitcoin futures.
• Fees: $5 per contract for Bitcoin futures.

　　

Interactive Brokers Broker Account Opening Process

　　Opening an account with Interactive Brokers for cryptocurrency trading involves several straightforward steps:

• 　　Visit the Website: Go to the Interactive Brokers website and navigate to the account opening section.

• 　　Choose Account Type: Select the type of account you wish to open (Standard, Margin, or Futures).

• 　　Fill Out Registration Form: Provide personal information, including your name, email address, and phone number.

• 　　Identity Verification: Submit required documents for identity verification, such as:

• A valid passport or drivers license.
• A recent utility bill or bank statement confirming your address.

• 　　Review and Approval: Once you submit your application, it will be reviewed by the broker. Approval typically takes a few business days.

• 　　Fund Your Account: After approval, deposit funds into your account using available payment options.

• 　　Start Trading: Once your account is funded, you can begin trading cryptocurrencies like Bitcoin and Ethereum.