IB Credit Check?

[captain_69uk]

Hi

I am based in the UK and want to open and account with Interactive Brokers to trades US equities.

Do IB do a credit profile check when you apply for an account with them?

Also does anyone else trade this way? Do you have any advice about how best to set up and run an IB account considering currency risk?

Many thanks!

 

[captain_69uk]

Bump!

 

[rawrschach]

Given the state of things a lot less currency risk having your money in an IB account than in a UK bank account imo.

 

[captain_69uk]

Thank you.

Can someone who has an IB account tell me if they do a credit check when you apply?
TY!

 

[PualoP]

Thank you.

Can someone who has an IB account tell me if they do a credit check when you apply?
TY!

As far as I can remember, I don't think they do. You do have to declare if you've ever been bankrupt though.

Got something on your credit history that you're scared of?

 

[captain_69uk]

Hi thanks for reply.

Not scared just wondering cos i'm thinking of going for a mortgage soon and just want the profile as clear as possible until thats taken care of.
would apply for ib afterwards.
if brokers like them dont check then no worries i will go ahead and apply.
you have an account with them PualoP?
thanks