Hello,
I'm currently in the process of registering with Interactive Brokers.
They're asking me to declare:
-Estimated Net Worth
-Estimated Liquid Net Worth
-Annual Net Income
-Total Assets
Does anyone know what the reason for this request is?
Does one need a certain minimum of income/assets to day trade conveniently with let's say $30k?
Or is this simply asked to then inform your local tax man with this information?
Any help would be greatly appreciated,
I'm currently in the process of registering with Interactive Brokers.
They're asking me to declare:
-Estimated Net Worth
-Estimated Liquid Net Worth
-Annual Net Income
-Total Assets
Does anyone know what the reason for this request is?
Does one need a certain minimum of income/assets to day trade conveniently with let's say $30k?
Or is this simply asked to then inform your local tax man with this information?
Any help would be greatly appreciated,