Corporate account at IBKR

"Note that LLC’s are classified as Professionals for market data subscription purposes which generally implies higher subscription rates than that for Non-Professionals"

Does the above applies to any corporate structure around the world? are they all considered Professionals?

 

I see you are based in the UK, it does the same rule for UK Ltd companies.

If you use the API you dont need IB data. For manual order entry through TWS you might.

 

yes, a UK LLP.

So sending orders through a standard Excel DDE works around that?

 

If your excel sheet doesnt need real time data from TWS. But i guess it might?

You can send orders via TWS without being subsribed to data.

 

I can get RTD from a third party provider of course...

 

Then you dont need to subsribe for data from IB.
Use as execution platform only.

 

Even manually order entry is possible without real time data, but you get a warning dialog from TWS which you might be able to turn off.

 

Great - so the only headache is KYC/account opening for a UK LLP...

 

I used to have LTD company account with IB, that wasnt hard to setup, not sure about LLP structure.

 

did you have a better service than with an individual account? client coverage, etc...