FAQs - Broker and margin account
Do I need an IBKR (Interactive Brokers) account to be a subscriber of the MBA50 Service?
Yes, having an Interactive Brokers (IBKR) margin account is a mandatory requirement to subscribe to the MBA50 service.
Do I need to have an exclusive account with IBKR to trade with MBA50?
Yes, you must have a separate IBKR account exclusively for the MBA50 service to ensure that your personal trading decisions do not interfere with the operations of the MBA50 service.
If so, how should I do this if I already have an account opened at IBKR?
You must open a separate IBKR account exclusively for the MBA50 service. This requires using a different email account and a different mobile phone number from those associated with your personal IBKR account.
Why do I need to have a Broker margin account?
The MBA50 service utilizes a combination of Long and Short trading operations to maximize the potential of the insights provided by the Continuous Trading Insights (CTI) Service. A margin account is mandatory to facilitate these types of trades effectively.
Can you guide me on how to obtain a IBKR margin account?
Yes, of course. Upon subscribing to the MBA50 service through the proceedit marketplace, a proceedit team member will promptly contact you via email to schedule a setup meeting on Google Meet. During this meeting, we will guide you step by step through the entire margin account setup process.
Are there other brokers available to trade in connection with the MBA50 Service?
Currently, we are exclusively working with IBKR (Interactive Brokers), but we plan to integrate other brokers in the future. In fact, we are already exploring and developing the necessary API technology to enable these new future potential integrations with the MBA50 (Managed Broker Account) service.
Do I need a dedicated IBKR (Interactive Brokers) margin account to trade with the MBA50 Service?
Yes, having a dedicated IBKR (Interactive Brokers) margin account for your MBA50 trading activities is mandatory, and it must be separate from your personal trading account. This ensures that MBA50-related trades remain distinct, allowing for better clarity, easier management of trading decisions, and seamless auditing of operations and profit-sharing calculations.
What should I do if I already have an IBKR (Interactive Brokers) margin account?
You must open a separate IBKR margin account specifically to fully benefit from the MBA50 service. The proceedit team will guide you through the setup process for this new account. Please note that, in rare cases, IBKR may decline the creation of a separate margin account.