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Yup, it's a 10k minimum to open an account. It is okay if you go below 10k through trading drawdown or withdrawals. The 10k minimum is only for account opening.
You want to look at their fees structure that will be more pertinent to your trading and help you understand what trading your chosen markets will physically cost you. IB has it published in quite low level detail, and not many people talk about that but it's a great thing to learn early on in my opinion and as important as account maintenance.
For those who don't have the required $10,000, I'd look at one of the introducing brokers. One of them in particular has a very low min bal requirement.
We allow $5K. There are those who require lower, but I am not sure how they handle the leverage.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Does using an introducing broker for IB provide any additional savings/benefits other than initial account opening minimum, like lower fees/comm's/margins, or additional services/benefits? Looking to use IB with Sierrachart.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Could you elaborate at least for your case, what can you offer as an introducing broker to IB for customer's, rather than them going direct with IB, in terms of costs savings or benefits?