All investments sit in your own brokerage account so you’re in complete control of your money every step of the way.
Note: We also pay interest on cash balances in line with IBKR LITE. Details here
We support a wide variety of broker account structures such as Individual, Joint, and IRA (Individual Retirement Account). Please note that, due to bonding requirements, we do not support Simplified Employee Pension plan accounts. Also, by virtue of our affiliation with the broker-dealer for all our clients’ trades (Interactive Brokers LLC), IRA accounts are required to sign an additional authorization when opening an account with us.
We use a unique type of account which we call a No Borrowing Ability margin account. It is designated "Margin" in Account Settings but it operates like a cash account in that you cannot use margin or borrow cash. With all these capabilities, you can invest in all those portfolios available on our platform that are suitable for your risk profile. More details regarding the nature of these accounts and the portfolio choices available can be found in FAQs and the relevant documentation.