Interactive Brokers Account Types

　　Interactive Brokers offers several account types for investors in Singapore, including:

• 　　Reg T Margin Account: This account allows margin trading and requires a minimum equity of USD 25,000 to day trade. It offers immediate position liquidation if the minimum maintenance margin requirement is not met.

• 　　Reg T IRA Account: Similar to the Reg T Margin Account but specifically for IRA investors. It requires a minimum equity of USD 110,000 and has specific regulations regarding borrowing.

• 　　Cash Account: This account does not allow margin trading or short selling. Investors must have enough cash to cover the cost of stocks and commissions, and cash from stock sales is available three business days after the trade date.

• 　　Portfolio Margin Account: This account is available for more experienced investors with a minimum equity requirement of USD 110,000. It offers more flexible margin requirements compared to the Reg T Margin Account.

  　　

　　

Interactive Brokers Broker Account Opening Process

　　To open a brokerage account with Interactive Brokers in Singapore, follow these steps:

• 　　Eligibility Check: Ensure you are at least 18 years old and have a valid identification document.

• 　　Application: Visit the Interactive Brokers website and complete the online application form. You will need to provide personal information, financial information, and investment experience.

• 　　Documentation: Prepare and submit the required documents, including proof of identity and address.

• 　　CDP Account: If you plan to invest in Singapore stocks, you will need to open a Central Depository (CDP) account. This can be done online or at the CDP office.

• 　　Funding: Deposit the required minimum amount into your brokerage account. Interactive Brokers does not have a minimum funding requirement, but sufficient funds are needed for your trading activities.

• 　　Account Review: Your application will be reviewed, and you may need to undergo a customer account review (CAR) if you plan to trade more complex products.

• 　　Start Trading: Once your account is approved and funded, you can start trading on the Interactive Brokers platform.