Users & Access Rights

We provide the ability to create multiple users for an account. Access rights can be limited for each of those users. In addition, we also offer an Authorization feature wherein multiple users must approve administration or funding requests. Users may be created and Access Rights assigned through the Account Administration/User Access Rights menu item of Account Management.

User Access Rights

User Access Rights are organized into five groups: Account Administration (AA), Funds Management (FM), Report Management (RM), Trading Access (TA), User Management (UM), and are described in detail in the tabs at the top. In addition, for account structures with multiple users and client accounts, limited access may be given to a subset of User Access Rights or Accounts. For example, you might want to give User A the ability to only trade, while you give User B only the ability to look at account statements. User C might only be able to trade client accounts 1-5, while User D can trade client accounts 6-10.

User Rules and Limitations

The following rules and limitations apply to the creation of users:

• Up to two usernames may be created for the same person.
• For individual accounts (individual, joint, and IRA accounts), up to 15 persons may be added with a Power of Attorney which will be provided when adding users to an individual account.
• Individual Advisors may not add any persons other than themselves (they can have two usernames for themselves).
• Joint Accounts may add two usernames for each account holder.
• Trust accounts may add up to two usernames for each trustee.
• Organizations may add up to 50 users, including employees and non-employees.

Account Administration rights are broken into sub-rights which allow users to be given only partial access to Account Administration functions in Account Management as described below.

Access Right/Sub-Access Right

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

Link Existing Accounts Single Users (except Joint) and Single IRA Users with multiple accounts can link these multiple accounts under a single username and password.

Client Accounts Advisor Masters can view client accounts list and the status of pending client applications, continue semi-electronic client applications, and print client applications. Non-disclosed Broker Masters can view client accounts list, modify client account trading permissions and print client applications. Fully-disclosed Broker Masters can view client accounts list and the status of pending client applications. Fund Investment Managers can print client applications.

Create Additional Account Individual and IRA accounts can link multiple Individual and IRA accounts together with a single login. Non-disclosed Broker Masters can view client accounts list, modify client account trading permissions and print client applications. Fully-disclosed Broker Masters can view client accounts list and the status of pending client applications. Fund Investment Managers can print client applications.

Client OATS Settings Configure Order Audit Trail System (OATS) settings.

Traders View trading sub accounts list and the status of pending sub account applications.

Add Account Add a sub or client account.

Duplicate Client Accounts Non-registered Advisor Masters, Broker Masters (Fully-disclosed and Non-disclosed only) and Separate Trading Limit Masters can request up to five duplicate accounts for an existing client account. The request is processed overnight, but must first be acknowledged by the client.

Client Security Activate the security device (token) for a client account. Non-disclosed Broker Masters can activate a client's security device but only if the Broker Master distributed the device to the client.

Authorizations Increase the number of authorizers for account administration and funds management tasks.

User Access Rights Add, delete, or modify users and user functions/assigned accounts.

IP Restrictions Restrict the IP addresses from which a user can log in.

Update W-9 Customers that are not US legal residents (organization formation) and not US citizens (organization registration country) are required to complete a W-8. Non-disclosed Broker Masters can update a client's W-9.

Financial Info Change investment objectives, investment experience and financial information.

Regulatory Info Update regulatory information.

Account Information Modify account information. Individual or Advisor Client Trust accounts and Partnership accounts can also set the beneficiary ownership percentage.

Link Account to Advisor/Broker Link your full account to an Advisor- or Broker- managed account at Interactive Brokers.

Broker Declaration Update broker registration information.

Pricing Structure Change your US/Canada/Europe stocks or US/Canada/Europe/Asia-Pacific futures pricing structure between bundled and unbundled.

Transfer on Death Register an individual or entity as a beneficiary to whom you want to pass your IB account assets upon your death without having to go through probate. Available to Individual non-IRA accounts only.

Advisor Qualifications Friends and Family Advisor can upgrade to a Professional Advisor Account.

Accredited Investor Qualifications Qualify as an accredited investor.

Private Placements Offers for Accredited Investors. Advisor Masters (Individuals and Organizations) can represent their clients.

White Branding Broker white branding for the TWS.

Print Account Details Print your account application.

Client Account Templates Save and re-use application information for new client accounts. Broker Masters can create client account templates for fully disclosed client accounts only.

Account Alias Add or update an account alias. Broker Masters, Advisor Masters (Individuals and Organizations), Proprietary Trading Group Masters and Fund Investment Managers can set account aliases for their client/sub accounts.

Audit Trail Broker Masters, Advisor Masters, Proprietary Trading Group Masters and Fund Investment Managers can view Account Management activity for their own and their clients' accounts.

Close Account Request to close an account. Non-disclosed Broker Masters and Proprietary Trading Group Masters can close client/sub accounts.

Base Currency View and modify the base currency for your account. Non-disclosed Broker Masters and Proprietary Trading Group Masters can change the base currency of their client/sub accounts.

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

Funds Management rights are broken into sub-rights which allow users to be given only partial access to Funds Management functions in Account Management as described below.

Access Right/Sub-Access Right

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

Cash Transfers[1] View your funds status; initiate fund deposits and withdrawals, including internal fund transfers; and create and edit bank instructions for wire deposits and withdrawals, ACH initiated by IB deposits and withdrawals, Canadian EFT initiated by IB deposits, Canadian EFT withdrawals, SEPA Initiated at IB withdrawals and all recurring transactions.

Position Transfers[2] Transfer positions to and from your IB account and between a master and sub account. Select ACATS, ATON (Canada), Free of Payment (FOP), US Futures Transfers, Asian and European position transfers.

IRA Conversion to Roth Account Traditional, Rollover or SEP IRA account users can perform a full conversion to transfer their assets to a Roth IRA account.

IRA Recharacterization Roth IRA users can perform a full recharacterization to transfer their assets back to a Traditional, Rollover or SEP IRA account.

View Transaction History View all fund transactions, position transfers, stop payment requests and new bank instructions requests for the last 45 days.

Soft Dollars[3] Set up a five-tiered markup schedule for soft dollars. Only Fund Investment Managers and Professional Registered Advisors can access this page.

Soft Dollars Disbursement[3] View existing soft dollar disbursements to vendors with IB account numbers. Only Fund Investment Managers and Professional Registered Advisors can access this page.

Settlement Instructions[4] Add, view, modify, or delete settlement instructions for recurring transfers of funds or securities using Delivery vs. Payment (DVP) and Receive vs. Payment (RVP), Clearing Member Trade Agreement (CMTA), or GUS.

Client Fees Modify advisor or broker client fees.

Advisor Invoicing Submit advisor calculated monthly fee invoice for client accounts.

Commission Markup Report Broker Masters can view commission markup schedules for their client accounts.

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

Report Management rights give users full access to reports in Account Management as described below.

Access Right

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

Activity Statements View/print/download daily, monthly, and yearly activity statements. Master users can view, print and download activity statements for client/sub accounts, but cannot create customized templates for them.

Activity Downloads Download daily and monthly activity statements to multiple formats.

Margin Reports The Margin Report shows margin requirements for single and combination positions as well as available and excess liquidity.

Advisor & Broker Summaries Advisors and Brokers can view a snapshot of client balances and performance over a single day. Brokers can view a snapshot of client revenues and expenses.

Quarterly Summaries Quarterly summaries provide a simpler activity statement for Advisor Clients. Advisor Masters can view quarterly summaries for their clients.

Broker Exception Reports View a snapshot of your top 40 performing clients based on specific criteria.

Trade Confirmations View daily trade executions in real-time.

Delivery Settings Set up email delivery of Activity Statements and Flex Queries. Master users cannot enter delivery settings for client/sub accounts.

Tax Forms View/print tax forms. Note: Tax forms are not required or generated for US corporations.

Activity Flex Create customized activity statements and specify the exact fields you want to appear and the order in which the fields should appear.

Trade Confirms Flex Create customized trade confirmation reports.

Advisor Fee Cap Shows if any advisor clients have hit their fee cap for the prior day.

Value at Risk Value at Risk Reports.

Stress Test Summary View calculated margin requirements for a 30% up and down movement of the underlying.

Position Transfer Basis ACAT/ATON cost basis for P&L calculations. Master users cannot set the position transfer basis for client/sub accounts.

Tax Basis Declaration Modify the tax basis for your account. Select FIFO, LIFO or Maximize Losses. Master users cannot set the tax basis for client/sub accounts.

CAM Advisor and Broker Masters can view their customer's activity through our Customer Activity Monitor.

PortfolioAnalyst Account users with Report Management access can evaluate the performance of their IB portfolio using dollar or percentage value measures, view the results on a color-coded chart and a table, and save their analyses as reusable templates.

Search by Symbol For EmployeeTrack accounts only. Compliance officers can search for employees' positions or activities in specific symbols.

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

Trading Access rights give users access to Trader Workstation and the trading functions in Account Management as described below.

Access Right

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

TWS Access to the Trader Workstation.

Post Trade Allocations Institutional accounts with IBExecution services can compress, split, and give-up trade executions to third-party brokers and IB cleared accounts.

Trading Configuration Change Cash/Margin, products and countries to trade. Non-disclosed Broker Masters can modify the trading configuration of client accounts. Advisor Masters (Individual and Organization), and Fund Investment Managers can only view the trading configuration of client accounts.

Trading Restrictions Master account users restrict their own accounts and their client/sub accounts from trading specific symbols.

Client Trading Enable or disable trading for a specific client account.

Market Data Subscriptions Subscribe/unsubscribe to market data.

Professional Status Change the market data pro/non-pro status.

Futures Arb Agreement Complete the Futures Arbitration Agreement to allow expanded futures trading.

Alert Notification Specify TWS alerts destinations (SMS or email).

PaperTrading Add a paper trade simulation account.

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

User Management rights give users access to the user administration functions in Account Management as described below.

Access Right

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

Password Change password.

Email Address Change email address.

User Information Update current user's personal information.

Secure Login System Enroll in our Secure Login System (must have $100,000 in equity).

Secure Login Device Sharing Share your authentication token with another user with the same identification data.

Voting Subscriptions Customers may express their opinions and vote by subscribing to IB Voting.

S

AM

AMO

AC

ACO

BM

BFC

BFCO

BNC

BOC

FIM

F

PTGM

PTGS

For extra security protection, you can appoint authorizers as a checker function against User Management. When a user management or funding request is entered, an authorization link will appear in the list of pending items in Account Management for every user identified as an authorizer. Once the required number of authorizers has confirmed the request, it will be submitted and the authorization link will disappear from the authorizer(s)’ list of Account Management pending items and requests.

You can assign authorizers for the following functions in Account Management:

• Account Administration
• Add or modify users
• Assign user access rights
• Funds Management
• ACATS/ATON/FOP outbound transfers
• Account transfers
• ACH instructions
• Wire instructions
• Cash transfers
• Withdrawals
• Settlement instructions

Types of Authorizers

There are two types of authorizers: A Signatory and B Signatory. These authorization types represent two levels of authorization that let you match your organization's approval process to our user management and fund management security. An A Signatory is the highest level of approval, while a B Signatory is the next level of approval. For example, your CEO might be the A Signatory and the CIO might be the B Signatory in your company. Or a Vice President could be the A Signatory and one or more Directors could be B Signatories.

When you add users to your account, you can identify them as authorizers, either an A Signatory or a B Signatory. Any number of users can be identified as authorizers, but you can only REQUIRE up to three authorizers each for user management and fund management tasks. If your organization’s approval process changes, you can remove authorization privileges from users who no longer need to be approvers, and you can change a user’s authorization between A Signatory and B Signatory.

Authorization Setup

The Authorization setup process includes these steps:

• Add users to the account and identify some as authorizers, either A Signatory or B Signatory.
• Set the number of Account Administration and Funds Management authorizers required for your account.

The number of authorizers for your account is set to 0 by default. As the person completing the account application, you can increase the number of authorizers when you log into Account Management for the first time. If you do increase the number of authorizers the first time you log in, you must immediately add users and identify them as authorizers. In subsequent logins however, you must add users before increasing the number of authorizers.

You cannot decrease the number of authorizers.

You set the required number of authorizers in Account Administration/Authorizations in Account Management. You can require up to three authorizers for each of the following authorizer categories:

1. User Management Authorizers. These are authorizers for adding or modifying users, and assigning access rights.
2. Fund Management Authorizers. These are the authorizers for all withdrawals and transfers.

Within each category, you must enter the total number of authorizers required and the total number of A Signatory authorizers required. At least one of the total number of authorizers must be an A Signatory, and the number of A Signatory authorizers must be the same number or less than the number of total authorizers for each category. The number of A Signatory authorizers is a subset of the total number of authorizers; the rest of the authorizers can be A or B Signatory authorizers.

For example, suppose you have added ten users to your account, and have identified two of them as A Signatory authorizers for Fund Management and three others as B Signatory authorizers for Fund Management. On the Authorizations screen, you can then increase the total number of Fund Management authorizers required to 3, and the total number of A Signatory authorizers to 2. When fund management requests are submitted, they will need to be authorized by any two A Signatory authorizers, and the remaining required authorizer can be a B Signatory authorizer or A Signatory authorizer, for a total of three authorizers.

You must create enough users to cover all authorizer functions. That is, if you specify 3 Total Authorizers and 1 A Signatory Authorizer, you will need to create three users: one with A Signatory authorization, and two with A or B Signatory authorization.

Choosing Not to Use Authorizations

If you choose not to use this security feature, keep the default setting of 0 authorizers. You can then check the status of funding requests through Funds Management/Funds Status in Account Management and user requests through Account Administration/User Access Rights.