Seriously? They have a good search option on their website: https://www.interactivebrokers.ca/en/search/search.php?q=minimum+account+balance What is the minimum deposit to open an account at Interactive Brokers? There is no minimum required deposit to open a Cash Account at Interactive Brokers. Due to the vast offering of account types and structures at Interactive Brokers, certain accounts do have required minimum deposits. Please see a few examples below for more details. Margin: minimum deposit requirement is USD 2,000 (or the non-USD equivalent). For a U.S. resident or a non-U.S. resident whose account is carried by IB LLC or IB UK to be a Pattern Day Trader, a minimum deposit of USD 25,000 (or the non-USD equivalent) is required by regulation. If you open a margin account with less than USD 25,000, you will be limited to 4 day trades in a rolling 5 day span. Non-U.S. residents whose accounts are carried by IBKR Australia, IB Canada, IBKR Luxembourg, IBKR Central Europe, IB Hong Kong, IBKR Singapore, IB Japan and IB India are not subject to the Pattern Day Trading Rule. Portfolio Margin: minimum deposit requirement is USD 110,000 (or the non-USD equivalent). Additional Information IB Hong Kong accounts require a minimum initial deposit amount of HKD 10,000 or equivalent in other currencies. After that, there is no minimum amount for your future deposits. IB Japan ("IBSJ") accounts require a minimum initial deposit amount of JPY 1,000,000. There is no minimum initial deposit for Japan residents holding an IBLLC account. IBKR Australia margin accounts require a minimum deposit of AUD 2,000 to trade on margin. IBKR Ireland and IBKR Central Europe margin accounts require a minimum deposit of EUR 2,000 to trade on margin. IBKR Singapore margin accounts require a minimum deposit of SGD 2,000 to trade on margin. Please Note: Account Activity Fees are still charged in IBKR Pro accounts based on account value thresholds. See also: How can I open an Interactive Brokers account? Powered by IBot
I think you need margin in order to trade options on IBKR but I am not certain. I gave up after waiting more than a week for approval.
There's a matter of getting options approval. It can go any way. But, a small deposit and customer profile indicative of a minimal experience/low wage/low asset piker might prevent the options approval. A non-margin account can only do cash secured puts. Try it. If it fails, just do currencies. More leverage than most people can handle and everybody is treated equally up to a a few million. I hope you haven't been enthralled by the buzz over options riches. Also, asking the board about minimum deposits is a clear indication that you do not have the knowledge, resourcefulness or drive to pursue such an endeavor. Best of luck.
To the OP: I must agree with this sentiment. The reason so many people fail at trading is because they are lazy, don't want to read/learn, lack stamina, give up too soon, etc. This profession requires mental acuity, various math skills, curiosity, research and a multitude of abilities some of which cannot even be described. If you require hand-holding, it's probably not for you. I suggest you setup a simulator account (Investopedia has a nice one) and for you to learn as much as you can before depositing your $1K
Yeah the Desktop platform is like stuck in Windows 95 but the Mobile App is pretty good and has the futuristic AI IB Bot you can pretty much ask any question to. Maybe he should save more then $1000 so A. he doesn’t over lever and B. I think the minimum to open is $2000.
IBKR has no minimum for trading options however if this is a margin account, you will need at least $2,000. For Canadian customers, this amount is $2,500 CAD.