Interactive Brokers Non-Professional Questionnaire

Discussion in 'Online Brokers' started by stevegee58, Jan 18, 2017.

  1. stevegee58

    stevegee58 Well-Known Member

    Out of the blue I got this email from IB notifying me that I have to answer the Non-Professional Questionnaire within 5 days or I'll lose my data access.
    Recently I updated my profile (as required yearly). The only thing that really changed on my profile was the number of option trades/year and my years of experience. I went from making like 10 option trades/year to greater than 100 (thanks to the RTT). Is that what makes them think I'm a pro now?
    Has anyone else run into this? I'm an engineer with a day job trading my own account, plain and simple. I don't get why I'm getting the third degree suddenly.
  2. Harry

    Harry Well-Known Member

    If you are a non-professional, you are a non-professional. Any reason to think otherwise and worry about filling up a simple form?
    AFAIK if you are trading a personal account (for self = not others, AND for self = with SSN(s) rather than an entity such as C-Corp/S-Corp/LLC/Trust), you are a non-professional.

    ALSO, presumably you do not have professional status in any other account such as with your employer (or in any other capacity), but then reporting non-professional on IB. That's all I can think of where you may need to worry.
  3. Steve S

    Steve S Well-Known Member

    They hassle me with those things all the time since the exchanges went on steroids a few years ago to increase their fees in this area (borderline cases). The truth is probably this: IB doesn't care at all, they are just making you fill the thing out so they have the documentation they want to present to the exchanges on demand.
  4. stevegee58

    stevegee58 Well-Known Member

    Nope, just trying to understand how I got flagged.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice