I'm looking to apply for an Interactive Brokers Margin account in the next few months. I understand they are a serious broker who aim for the professional trader market, so I want to make sure I have everything covered.
For someone starting around the minimum deposit, I'll be applying for Reg T - is this correct?
I've seen blog posts and in chat that they can be fickle about approving accounts or sometimes will approve a cash account but not a Margin account?
What questions do they ask about your income and assets?
For choosing deposit method in the application I would think international wire transfer is the most obvious?
I've heard there is this condition: 'You must have executed at least 100 trades for any product type, or 100 simulated trades in our real-time demo'. Is this correct? I currently have 50 real trades across Schwab and SureTrader, and doubt I'll hit 100 before I apply for IB.