The enhancements and modifications below are available as of July 30, 2014.
Interactive Brokers now offers UGMA/UTMA accounts. A UGMA/UTMA account (also known as a Custodial account) is a new IB customer type that is intended for a custodian of a minor who is a US resident, and is available as a Cash account only. UGMA/UTMA accounts can be opened under Individual, Friends and Family, Family Office, Advisor and Fully Disclosed Broker account structures. In the account application for any of these account structures, select UGMA/UTMA as the Customer Type.
A UGMA/UTMA account is established as an irrevocable girft or transfer of assets to a minor who is a U.S. resident. Assets in the account may only be used for the benefit of the minor. An adult custodian opens and manages the account until the minor reaches a specific age known as the age of termination, which varies from state to state.
To open an individual UGMA/UTMA account, see our Individual Open Account page.
The enhancements and modifications below are available as of July 25, 2014.
Beginning with this release, you can now change your paper trading account password from your production account. For example, if you have forgotten your paper trading password, you can log into Account Management with your production account credentials and change your paper trading account password on the Reset Paper Trading Account Password page.
To access the Reset Paper Trading Account Password page, click Manage Account > Security > Reset Paper Trading Account Password.
The enhancements and modifications below are available as of July 10, 2014.
Beginning with this release, Multiple Hedge Fund accounts can invite a prospective SMA client to complete a fully electronic SMA Client Account application. To send an invitation to initiate the fully electronic SMA client account application process, click Manage Funds > Funds > Create > New in Account Management.
Note that before adding a client SMA account, the Fund Investsment Manager must qualify to trade Securities Products, Commodities Products, and/or Forex Contracts (at least one set of products).
Beginning with this release, Advisors can now link multiple existing accounts for a single client. The linked client accounts will share a single username and password.
Linking multiple accounts for a single client allows:
To link multiple existing client accounts for a single client, click Manage Clients > Accounts > Link Existing Accounts.
Beginning with this release, you can modify any check or wire deposit notification that you have already submitted before any funds have actually been moved. For example, you might submit a deposit notification for a wire deposit, but then realize that you typed the wrong amount. In this case, you can open the Funding > Transaction History page to the Cash Deposits tab, then click the Modify link for that wire deposit notification. The deposit notification opens in a popup window, with editable fields in standard text entry boxes.
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