IB: "...terminate our relationship with you..."

Discussion in 'Interactive Brokers' started by FutureScalper, Nov 26, 2008.

  1. lpope

    lpope

    My experience was that IB conflates wealth and income for the AML stuff. After some back and forth, I found what they really wanted from me was proof of the income that I stated. I removed any hard to prove and less material income sources from my declaration and then downloaded and uploaded my 1099 (US tax form) from account management and that seems to have been sufficient to prove my income from dividends & interest.
     
    #181     Oct 14, 2020
    mokwit likes this.
  2. SumZero

    SumZero

    What's the issue in transferring funds from IB to another broker or bank and leave the account open or closed ?
     
    #182     Oct 14, 2020
  3. themickey

    themickey

    Issue; opening account, transferring money out and closing account at a later date.
    Never in my life found such amount of nightmares with everything.
    Platform difficult to understand, constant updates causing issues, chart issues, data issues, getting thrown out and needing to logon daily.....Never again! :)
     
    #183     Oct 14, 2020
  4. DevBru

    DevBru

    Those are all issues that have nothing to do with withdrawing your funds?

    The platform isn't the easiest to learn but the orders and execution algorithms are by the best out there available for retail traders, however there are very simple solutions for this issue, the updates can cause issues every now and then but most of them get fixed fairly quick, but other than that i never had any issues with them. Most certainly never had any issues getting money out.
     
    #184     Oct 14, 2020
  5. themickey

    themickey

     
    #185     Oct 14, 2020
  6. DevBru

    DevBru

    Well, i guess you are the only one then.

    If IB wouldn't pay out their reputation wouldn't be as good as it is.
     
    #186     Oct 15, 2020