IB Custody Accounts
IBKR Custody Accounts
Institutions prohibited from depositing margin collateral directly with a broker/dealer can open an IBKR Custody Account to trade stocks, options and futures.
The Custody Account constitutes a tri-party agreement between IBKR, the custodial bank holding the customer's assets, and the IBKR client. Assets (e.g., long stock, retail and government money-market funds, and Treasuries only) that are held at a pledged account at the Custodial bank are reflected in the customers IBKR trading account and used to margin trades.
IBKR Custody Accounts provide the following benefits:
- Trade multiple products on over 150 market centers in 33 countries from a single account.
- Superior trading technology that offers multiple trading platforms, including a FIX interface and customizable API;
- Low cost in the form of margin rates and commissions, especially compared with big bank fees.
- Access to a variety of advanced trading tools and more than 100 order types and algos to accommodate the needs of all traders and all strategies.
- IB SmartRoutingSM searches for the best firm stock, option, and combination prices available at the time of your order, and seeks to immediately execute your order electronically.
IBKR Trading
Account
Collateral
Bank Account
IBKR Client
Consider opening an IBKR Custody Account if you are:
- A regulated investment company under the 1940 act.
- A pension or profit sharing plan governed by ERISA.
- A trusts whose terms specify that the assets must be held at a bank.
IBKR is currently integrated with the following Custody Banks:
- Bank of New York
- Brown Brothers Harriman
- Fifth Third Bank
- Huntington Bank
- Northern Trust
- J.P. Morgan
- State Street Bank
- UMB Bank
- US Bank
To find out more about our Custody Account service, please contact your IBKR Sales Representative.