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IBKR account shut down. Can I open in a different IBKR jurisdiction?

Frankie

Frankie

Pro Member
Oct 22, 2023
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Austria
#1
Due to some stupid mistake my IBKR account got shut down (I tried to open a corporate account, they didn't like it and shut down my personal one).

Can I open a personal IBKR account in a different jurisdiction, for example IBKR Ireland or IBKR Singapore, or will they immediately decline it? What about if I use a different residency?

I have proof of wealth, proof of funds and all of the rest of it.
 
#7
FreedomSearcher said:
Which brokers do you recommend?
Click to expand...

Which markets do you need? What fees are you looking to pay etc?

Obvious one is just to go to Saxobank. But its not as cheap and you don't get the tools you get with IB.
 
#8
FreedomSearcher said:
Which brokers do you recommend?
Click to expand...
My two favorites are Exante and Tiger Brokers. I like Exante for minimalist trading interface yet with all basic features needed for trading and Tiger for being based in Singapore and detailed interface with lots of fund recommendations and financial analysis tools

Another advantage of Tiger is that they offer access to Singaporean market which is good if you plan to buy Fullerton money market fund
 
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#10
avalanche said:
My two favorites are Exante and Tiger Brokers. I like Exante for minimalist trading interface yet with all basic features needed for trading and Tiger for being based in Singapore and detailed interface with lots of fund recommendations and financial analysis tools

Another advantage of Tiger is that they offer access to Singaporean market which is good if you plan to buy Fullerton money market fund
Click to expand...
Do you know if it requires a company in Singapore to get an account there?

Can we trade worldwide stocks?
 
#11
SCHLOSSFINANZ said:
no. Compliance is centralized.
Click to expand...
How about if I use an IBKR whitelabel? Who does the compliance, the bank that whitelabels or again the main IBKR? (I suspect then I could open but it will be slightly more expensive)

Martin Everson said:
Which markets do you need? What fees are you looking to pay etc?

Obvious one is just to go to Saxobank. But its not as cheap and you don't get the tools you get with IB.
Click to expand...
Just US markets. SAXO is indeed good.
I just wanted IB as it was cheap and extremely solid, publicly traded, audited, etc.

avalanche said:
My two favorites are Exante and Tiger Brokers. I like Exante for minimalist trading interface yet with all basic features needed for trading and Tiger for being based in Singapore and detailed interface with lots of fund recommendations and financial analysis tools

Another advantage of Tiger is that they offer access to Singaporean market which is good if you plan to buy Fullerton money market fund
Click to expand...
Thanks for your recommendation.

bubbledouble said:
Do you know if it requires a company in Singapore to get an account there?

Can we trade worldwide stocks?
Click to expand...
As far as I know you don't need a company in SG and you can trade any stocks. I don't have a Tiger broker account but it is on my list.

DigitalAffiliate said:
Do they not let you hold both a corporate and a personal account? I thought they were ok with that
Click to expand...
They are OK with it, but I made a mistake and I guess due to my corporate structure my risk profile suddenly seemed higher (even though it isn't).

Anyway, you live and learn indeed. And the bad thing about IBKR is that there is nobody to talk to, it was an automated decision and that's it.
 
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