How to Cancel Interactive Brokers
from $0.00/month
(β β¬0.00)
Medium
Estimated Time:20 minutes
Cancel Method:Website
1
Log in to Account Management
Go to interactivebrokers.com and log in to Client Portal / Account Management.
2
Close All Open Positions
Navigate to your portfolio and close all open positions, options, and futures contracts. You cannot close an account with active positions.
3
Cancel Any Pending Orders
Make sure there are no pending orders. Go to 'Orders' and cancel any open or pending orders.
4
Withdraw All Funds
Go to 'Transfer & Pay' β 'Transfer Funds' β 'Withdraw Funds' and withdraw your entire cash balance to your bank account.
5
Submit Account Closure Request
Go to 'Settings' β 'Account Settings' β 'Close Account'. Complete the account closure form and submit. You'll receive a confirmation email from IBKR support.
Retention Tips
Before closing your Interactive Brokers account, consider that IBKR offers some of the lowest commissions in the industry, and you can transfer your entire portfolio to or from IBKR via ACATS rather than selling everything. If cost is a concern, IBKR's IBKR Lite tier has $0 commissions on US stocks and ETFs. Would you like to explore a portfolio transfer or a plan downgrade instead of closing your account?
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