Age limit to trade (IB and others)

Discussion in 'Retail Brokers' started by Nebeno, Dec 3, 2001.

  1. Nebeno


    I was attempting to open a futures account through Interactive Brokers last Friday, and while signing up it said I must be over 21 to do so, as I am only 18 this presents a problem for me. In reply to my email to them, I was only told I must be over 21 in order to open an account on any exchange (I assume this is only for IB, as I had an equity account with Datek earlier). My question to them, which was not answered, is, would it be possible to open the account as a joint, or in any other way, so to enable me to trade? I am assuming I would simply be able to have a family member sign up and trade through them, however, for tax purposes I would rather not if possible.

    Is this age limit imposed by the CME and cannot be lessened by individual brokers? Or may there be another broker through which I might be able to trade? If so any suggestions for a beginning trader would be appreciated.

    Thank you,