Adam Rosen - Lead financial writer
For whatever reason you may wish to close or delete your live Interactive Brokers trading account. Interactive Brokers is a multi-asset broker that was established in 1977 and is headquartered in United States. Interactive Brokers offers trading in Forex, Majors, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs, to over 10,000 clients. There are a few ways to close and deactivate your live Interactive Brokers account including online, through email and even through the post. Closing your Interactive Brokers account will take around 3 to 10 days depending on your circumstances. There are a few things you will need to check before you close your Interactive Brokers acccount as once your Interactive Brokers account is fully deactivated, any trading research and available Interactive Brokers funds or any other data that remains needs to be in your possession. Once Interactive Brokers trading platform access is lost.
It is now possible to close your Interactive Brokers account within three days, provided that all of your Interactive Brokers positions have been closed and all available Interactive Brokers funds have been withdrawn.
Although there are thousands of people who use Interactive Brokers, at some point you may want to close your Interactive Brokers account. It only takes a few clicks of a button to delete your Interactive Brokers account if you decide you've had enough of the Interactive Brokers platform and no longer want to use it.
Before you close your Interactive Brokers account, double check that all open trades have been closed and that you have withdrawn the full amount of money from your available Interactive Brokers balance.
You can log in to your Interactive Brokers account using the email address that you provided during the Interactive Brokers registration process in order to terminate your Interactive Brokers account. Send an email to [email protected] requesting that your Interactive Brokers account be closed. The email should contain your Interactive Brokers account deactivation and closing request.
To delete your Interactive Brokers account, go to https://www.interactivebrokers.com/ and then follow the instructions that are provided on the Interactive Brokers website. If you have any questions or concerns about deleting your Interactive Brokers account.
You can send a letter to the Interactive Brokers head office in CT, USA to request that your live Interactive Brokers account be closed. closing your Interactive Brokers account via post will take allot longer and you will want to know if Interactive Brokers recieved your Interactive Brokers account closing letter.
Interactive Brokers requires three to ten business days to close your account, and their may be some associated fees when closing your Interactive Brokers acccount. Interactive Brokers accounts with available funded balance may take longer if you do not provide Interactive Brokers with a withdrawal method and verify your ID.
When an Interactive Brokers account is closed, it cannot be reopened under any circumstances; however, a new Interactive Brokers account can be created at any time by using a different username and email address. Your Interactive Brokers trading history and data will be wiped clean from any previous Interactive Brokers transactions that you have closed, as well as any active Interactive Brokers accounts you have had in the past.
You are free to create as many Interactive Brokers accounts as you like. You will need to register with Interactive Brokers with the same name and documents as you did when you created your previous Interactive Brokers account in order to do this. You will, however, be required to create a new Interactive Brokers login name and email address for your new Interactive Brokers accounts.
The majority of newcomers struggle with fundamental issues such as risk management, which frequently results in significant financial losses with brokers like Interactive Brokers. People typically decide to close their trading account on Interactive Brokers because they no longer wish to participate in the Interactive Brokers platform's trading activities. Its possible you have trading accounts else where and you wish to close up Interactive Brokers or you are looking for an Interactive Brokers alternative.
It's possible that you have an Interactive Brokers account in which you haven't executed a live buy or sell order in a few months. If this is the case, your Interactive Brokers account may be marked and dormat and eventually locked.
Because Interactive Brokers does charge inactivity fees for Interactive Brokers dormant accounts, you should make sure to close any Interactive Brokers accounts you have with Interactive Brokers that you no longer intend to use.
You can take money out of your Interactive Brokers account whenever you like by using the Interactive Brokers trading platform or going to the website https://www.interactivebrokers.com/.
In order to accomplish this, you will need to take any remaining money out of your Interactive Brokers broker account, which is a process that is also known as final Interactive Brokers balance withdrawal.
There is a wide variety of withdrawal methods offered by brokers like Interactive Brokers, as well as differences in the amount and speed of withdrawal speeds depending on your chosen Interactive Brokers withdrawal method.
You are permitted to withdraw funds from your Interactive Brokers account up to the value of the available funds in your Interactive Brokers account at any given time. Because you are not required to keep any money in your Interactive Brokers account, you are free to withdraw the entirety of your Interactive Brokers balance whenever you see fit. Remember that any Interactive Brokers funds that you withdraw will be put back into the same account that they came from when you made the Interactive Brokers deposit. This is the most important thing to keep in mind.
It is possible that you will be required to provide an alternative method in order to withdraw money from Interactive Brokers if your details have changed since the time that you initially deposited the Interactive Brokers funds.
When you withdraw money from Interactive Brokers, the process is not instant; rather, it typically takes at least several business days for the money to reach you. Interactive Brokers withdrawal times differ depending on the selected payment method in your Interactive Brokers dashboard.
If all of the information associated with your Interactive Brokers account is accurate, the processing of your request to withdraw funds from your Interactive Brokers account may take up to one to ten business days. The amount of time it is estimated to take to receive payment from Interactive Brokers after a withdrawal has been processed varies entirely according to your chosen method of payment and is dependent on the 3rd party payment service provider supported by Interactive Brokers.
Because there is a possibility of delays when withdrawing large sums of money from an Interactive Brokers account, we recommend getting in touch with your financial institution in advance. Additional Interactive Brokers waiting time may be incurred due to the placing of a security hold on large Interactive Brokers withdrawals. Please check with your financial institution before initiating a Interactive Brokers withdrawal because the processing times associated with each Interactive Brokers withdrawal method are unique.
While your Interactive Brokers account is 'Under Review', you will still be able to withdraw funds from it; however, you will need to have funds that are eligible for Interactive Brokers withdrawal in order to complete the withdrawal process. Once your Interactive Brokers withdrawal request has been processed by Interactive Brokers and the withdrawal process has been finished, you will be notified via email that the request has been fulfilled.
It is important that you understand that you can only withdraw Interactive Brokers money into accounts that are under your own name.
Because 3rd party fees for Interactive Brokers international bank transfers and wire transfers can be quite high, you should make it a habit to double check whether or not this is something that will be applicable to the Interactive Brokers closing transactions you conduct.
At Interactive Brokers, the withdrawal of funds for basic transactions is free of charge. You will be subject to an additional fee by your 3rd part Interactive Brokers withdrawal method for currency conversion if you choose to withdraw funds in a currency other than US dollars (USD). The prices of the Interactive Brokers withdrawal services may shift at any time in response to shifts in the market conditions.
The majority of withdrawal requests made to Interactive Brokers are processed free of charge through common withdrawal methods like Bank Transfer, American Express, Cheque or Check.
On your iOS or Android device when the app list window displays, touch and hold the Interactive Brokers app icon until it appears, and then pick the option to Remove App from the menu. After opening the app drawer, which is where all of your apps including Interactive Brokers are kept, you may move them to the Uninstall area (on Android) on the left side of the screen by dragging and dropping them there. From that screen, select the Delete Interactive Brokers App option to confirm that you wish to remove the Interactive Brokers application from your phone. Tap the minus sign or the X to delete Interactive Brokers applications, which is the quickest and easiest method to remove Interactive Brokers applications from your device.
If you have downloaded Interactive Brokers to your PC or Mac computer you can uninstall any Interactive Brokers software and remove Interactive Brokers from your web browser.
You can get in touch with Interactive Brokers customer support via e-mail, the phone, or live chat if available if you don't feel like closing your Interactive Brokers account. As long as your Interactive Brokers close account status is 'Under Review' or 'In Progress', you may cancel your Interactive Brokers account closure request by contacting Interactive Brokers customer support.
🤴 Interactive Brokers is Used By: 10,000
⚡ Interactive Brokers is Regulated by: Financial Conduct Authority (FCA)
💵 What You Can Trade with Interactive Brokers: Forex, Majors, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with Interactive Brokers: 100
📈 Interactive Brokers Inactivity Fees: Yes
💰 Interactive Brokers Withdrawal Fees: 10 USD
💰 Interactive Brokers Payment Methods: Bank Transfer, American Express, Cheque or Check,
💰 Interactive Brokers Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CZK, DKK, HKD, HUF, INR, ILS, MXN, NOK, NZD, RUB, SEK
Interactive Brokers Risk warning : Losses can exceed deposits
🤴 IC Markets is Used By: 180,000
⚡ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
🤴 Roboforex is Used By: 10,000
⚡ Roboforex is Regulated by: RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
🤴 AvaTrade is Used By: 200,000
⚡ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
🤴 FP Markets is Used By: 10,000
⚡ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
🤴 NordFX is Used By: 10,000
⚡ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
🤴 XTB is Used By: 250,000
⚡ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
🤴 Pepperstone is Used By: 89,000
⚡ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
🤴 XM is Used By: 10,000,000
⚡ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
🤴 eToro is Used By: 20,000,000
⚡ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
🤴 FXPrimus is Used By: 10,000
⚡ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
🤴 easyMarkets is Used By: 142,500
⚡ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
If Interactive Brokers isn’t quite what you are looking for you can check out some of the best Interactive Brokers alternatives below.
If you would like to see Interactive Brokers compared against some of the best Interactive Brokers Account alternatives available right now you can do so by clicking on the links below.