This lesson will review how to initiate and send client applications as an Introducing Broker on the Interactive Brokers platform. Within the Broker Portal, the main area to initiate the client application is from the Home Dashboard and selecting the blue Add Account button in the upper right side of the screen.
On the following page, there are 2 different application types:
- The Fully Electronic application will send an email invitation to the client and the client will click the link in the email to complete the application online themselves.
- The Semi-Electronic application will be completed by the broker. At the end of the application, the broker will generate a PDF of the application and the agreements and disclosures and provide the PDF for the client to sign and return to Interactive Brokers.
If Semi-Electronic application is selected, the broker will be redirected to the account application page that they can electronically complete for their client.
If Fully Electronic application is selected, the broker will be prompted to enter the client’s name and email address to send the application to. It will also ask whether to use a Client Account Template. If Yes is selected, a dropdown menu will appear with the broker’s pre-configured templates. How to create Client Account Templates is discussed in a separate video lesson in this course.
Select continue and the broker will be presented with a review screen to ensure the information entered is correct. When ready, click Continue again and the email with the application link will be sent to the client.
It is also possible to initiate applications from the Contacts tab. Initiating the application from a contact will pre-populate the application with the client information from that contact. To send the invitation, select the blue Information icon to the left of the desired contact. The contacts details will expand on the following page. Select the document icon in the upper right corner for Send Application Invite. Once selected, the broker will be presented with the same fully or semi-electronic options but this time, the client information will be populated.
How to enter or upload contacts to the Broker Portal will be reviewed in another video lesson in this course.
Additionally, there is a mass upload feature that allows you to upload multiple client accounts via an Excel workbook. To use the mass upload feature, please contact your sales representative or email our Sales Engineering team at email@example.com and they will provide the Excel workbook template.
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