IncomeClub supports the following types of taxable investment accounts:
• Limited Liability Corporation (LLC)
Yes, we support the following retirement accounts:
• Traditional IRA
• Traditional Rollover IRA
• Traditional IRA Inherited
• Roth IRA
• Roth IRA Inherited
• Simplified Employee Pension (SEP) IRA
• Simplified Employee Pension (SEP) IRA Inherited
Any individual of age 18 and older or authorized representative of corporate’s entity.
You have to deposit minimum amount of $5,000 to open an account with us.
Yes, you can. Accounts are accepted from residents of all countries except those countries that are prohibited by the US Office of Foreign Assets Control and those where regulator requires investment advisory registration. Click here for list of available countries.
You can add up to five optional Power of Attorney users to each type of account.
Yes. Complete the information and your IRA’s account will be automatically transferred in 5-10 business days. Please note that we will sell any positions in your existing IRA’s account, except individual bonds, upon transfer to IncomeClub/ Interactive Brokers. You can use proceeds to build up your fixed income portfolio with IncomeClub.
Yes, we can support a partial account transfer in one of two ways; however, each transfer method must be executed manually from your side:
You can email us at email@example.com and we will send you a form to fill out that will allow us to transfer assets on your behalf.
You can also ask your current brokerage firm to split the account from which you want to transfer a part of its holdings into two accounts, with one containing just the individual bondsyou intend to transfer to IncomeClub / Interactive Brokers. You can then open a new account with IncomeClub / Interactive Brokers and enter account number at your existing brokerage firm that only contains the individual bonds you want to transfer. We will transfer that entire account to your new IncomeClub / Interactive Brokers account.
Yes. To rollover a 401(k) into an IRA, open an IRA’s account through IncomeClub website and select the “rollover” option during the application process. Once your IRA’s account is open, you should contact your 401(k) plan trustee. If the 401(k) plan trustee is ACAT (Account Transfer) eligible, the positions may be transferred in kind to the rollover IRA. Otherwise, they will liquidate the positions prior to transfer and send check payable to Interactive Brokers. The check should reference your account name and your IRA’s account number.
No. All 529 plans are sponsored by “States”, so we cannot support 529 plans at this time.
IncomeClub and Interactive Brokers do not support conversions of individual accounts into joint or trust accounts and vice versa. Current regulations do not allow us changing the type or title on a brokerage account as you can with a standard bank account. Please contact us at firstname.lastname@example.org if you absolutely have to do this change due to a legal requirement or other emerging need (because of a death or divorce).
We offer the following funding methods:
• Wire Transfer: Same day electronic movement of funds through the fed wire system. You must contact your bank to initiate a wire and to include your IB account name and number on the wire. Specific wire instructions and addresses will be displayed during the deposit notificationprocess.
Funds normally arrive anywhere from instantly to four business days, depending on your bank.Non-U.S. banks are generally at the longer end of the spectrum. Credit to account is immediate upon arrival.
The Withdrawal Hold Period is three business days (you may withdraw funds after three business days). A wire cannot be internally transferred during the three-day hold period.
• ACH Transfer: ACH (US Automated Clearing House) initiated at IB is the most popular way to transfer funds. Initiation of an ACH transfer enables you to automatically move funds from a US bank that is a member of the Automated Clearing House (ACH) to IB. IB limits ACH deposits to $100,000 over seven business days.
You will be required to enter your bank’s ABA number and your bank account number. If you do not know your bank’s ABA number, you can enter the bank name and city and search for the correct ABA number. You will be required to complete two sets of verification with each new instruction. The first verification is through the use of a Registration Confirmation Number which will be sent to the user email address of record to confirm your email address. The second verification sends debit and credit amounts to your bank, which appear on your bank statement and must be typed into your instruction as confirmation. This verification ensures that the person entering ACH bank information is the legitimate owner of the ACH bank account.
You can initiate ACH transfer at your Bank. You need also to fill out a deposit notification that allows IB to identify your incoming funds for proper credit to your account.
ACH requests received by 14:00 ET will be credited to your account after four business days under normal circumstances. ACH is available for US currency deposits from an account held in your name at a US bank that allows ACH deposits. Funds may be withdrawn after the four-day credit hold.
Customers who do not have a security device from IB are limited to a single ACH deposit of $20,000 or less. Additional ACH deposits require a security device that can be obtained through the Secure Login System
• Checks: Checks are paper and mail based deposit of funds. Write your account number on the check. Specific check instructions, including the printing of the deposit form, and addresses will be displayed during the deposit notification process. The IB address for sending your check will be printed on the deposit form.
Under normal circumstances, IB deposits funds to your account on the same business day of check arrival. Funds are credited to the account after a seven business day credit hold, with the exception of Bank Checks which are credited immediately. Only Bank, Bill Payment and Personal checks for US Dollars are accepted.
•Online Bill Payment: A check or electronic fund transfer that originates from an online payment service provided by your financial institution. For US checks, you add Interactive Brokers to your personal payee list and your bank mails a check for you. For electronic fund transfers, you select Interactive Brokers from your bank’s list of merchants and your bank sends an electronic payment.
Electronic fund transfers are credited to your account immediately. US checks will be credited to your account after seven business days.
You may withdraw your funds after three business days in case of Electronic fund transfers. However, you may withdraw your funds after seven business days in case of US checks.
• ACAT (Account Transfer): You can transfer an existing brokerage account held at another firm by selecting “transfer” as the funding method during the IncomeClub accounting opening process. This is an optimal choice when you hold some individual bonds. Please be sure that the title of your new account at IncomeClub / Interactive Brokers matches the account title at your current brokerage firm. You will also need to liquidate any mutual funds, ETFs and equities before initiating the transfer process.
• Direct Rollover: You may transfer assets from an existing 401K or another retirement plan into a Direct Rollover Account only. During the transaction process, you will be prompted to complete the information about your existing retirement plan, which you must print, sign and send back to Interactive Brokers. Interactive Brokers will sign this form and forward it to your existing retirement plan to initiate the Direct Rollover.
• Trustee-to-Trustee: You may transfer assets from an IRA account held with another trustee/custodian to an IB IRA account. The assets are transferred directly trustee/custodian to trustee/custodian, with no distribution of assets to you. During the transaction process, you will be presented with an IRA Transfer-In Authorization form, which you must print out, complete and return to Interactive Brokers. You can also download the IRA Transfer-In Request Form.
The only options to transfer your funds if you are the non-US client is a wire transfer. Wire transfer has no amount limit.
You have to transfer at least $5,000 to open account with IncomeClub. There is no minimum amount to transfer additional funds.
IB limits ACH deposits to $100,000 over seven business days. If you would like to transfer the amount greater than $100,000 the wire transfer is a preferred method, but you can also send a check that would be subject to the seven business days hold.
Deposit notifications allowing Interactive Brokers identify your incoming funds for proper credit to your account and to ensure that funds retain their originating currency of denomination.
Explicit instructions on where and how to send the funds will be provided after you complete the deposit notification. The instructions will vary according to your location and type of funds.
Checks or wires sent to Interactive Brokers without completed deposit notifications will be held until we contact you to complete one.
A deposit notification does not move your funds. You must contact your bank or broker to complete the transfer.
Cancellation of the deposit notification will not stop Interactive Brokers from presenting the check for payment.
You can complete a deposit notification on the Fund Transfers page in Account Management or during your initial application process.
You can schedule any deposit transaction except Direct Rollovers and Trustee-to-Trustee deposits to recur at monthly, quarterly or yearly intervals. When you complete the deposit notification, you will be given the opportunity to save your transaction as a recurring transaction. The bank information you enter for the transaction can be used for both recurring and non-recurring transactions. You set up recurring transactions on the Fund Transfers page in Account Management.
You are allowed to transfer funds only from an account that bears your name. Transferring funds from an account under a different name will be rejected.
We always encourage the account name to match, but Joint account can be funded directly from your personal bank account.
Please contact us by email (email@example.com ) or phone (650-843-9094) with any problem related to your account.
YOUR PORTFOLIO MANAGEMENT
IncpmeClub’s algorithms select a set of bonds for your portfolio. Main criteria are your risk profile and your time horizon.
You will receive an e-mail notification from Interactive Brokers about purchases, and you can see purchased bonds in your account holdings under your IncomeClub Account next business day.
Availability of the specific bond affects the role in portfolio selection. Bonds are available to purchase today may not be available tomorrow and vice versa.
Your actual portfolio will have bonds different from your sample portfolio, but they will have similar bonds’ risk ratings, industries, and maturities’ distributions.
There are following withdrawals methods:
• Wire Transfer: Complete a Wire withdrawal request in Account Management. USD wire requests approved by 16:00 EST will be sent by 18:00 ET under normal business circumstances for same-day credit. It may take longer than that for your bank to actually credit the funds to your account. Large wire withdrawal requests are subject to additional Compliance review.
• ACH Transfer: ACH withdrawals are only available for US dollar currency withdrawals to an account held in your name at a US bank that will accept ACH fund transfers. Requests approved by 14:00 ET will be sent by 18:00 ET, under normal business circumstances, for next day credit. It may take longer for your bank to actually credit the funds to your account. Each ACH withdrawal is limited to USD 5,000,000.
When you save the bank information for an ACH Initiated at IB withdrawal, you select the type: ACH Debit & Credit for future ACH Initiated at IB deposit notifications and withdrawal requests between your IB account and your bank account, or an ACH Credit Only for future fund withdrawals only from your IB account to your bank account. You must also enter your bank’s ABA number and your bank account number. If you do not know your bank’s ABA number, you can search for the correct ABA number. In one to three business days after you submit your request, IB will verify your bank information by crediting two small test amounts and debiting one small equivalent test amount to your bank account. After you verify these test amounts, the instruction will be available for future ACH Initiated at IB withdrawal or deposit requests. Saving the initial bank information does not move your funds; you must create a new ACH Initiated at IB withdrawal request and select the previously created and verified bank information.
• Checks: Only available for US currency withdrawals by customers with a US mailing address. Check requests approved by 09:30 ET will be mailed sometime during the next business day. Arrival is dependent on the mail and credit is dependent on your bank.
To make a withdrawal of funds, complete a withdrawal request on the Fund Transfers page in Account Management.
A withdrawal request will be processed only if the customer has sufficient available funds. Available funds are defined as the lower of trade or settlement date funds. If a withdrawal request is rejected, you may re-enter the withdrawal request once there are sufficient available funds.
In accordance with anti-money laundering regulations, all withdrawals will be sent in the name of the account holder.
IB allows one free withdrawal request every 30 days. After the first withdrawal (of any kind), IB will charge the following fees for any subsequent withdrawal:
No, there is no minimum amount of withdrawals.
It is not a problem. You can withdraw any available funds.
To have sufficient funds for withdrawal you should commit to sell some existing holdings and IncomeClub will submit your request to Interactive Brokers. If you grant us a discretion authority to manage your account, we will initiate request to sell some of your holdings by ourselves.
To satisfy your withdrawal request some of your IncomeClub investments might be sold .If your investments are sold with gains then this will typically generate a tax liability. However, this liability will be included in your annual tax return and there is no need to pay any taxes at the time of withdrawals.
The both Traditional IRA and Roth IRA accounts are tax sheltered. While contributions up to certain limit in Traditional IRA will also decrease your annual taxable income, all withdrawals from Roth IRA during your retirement time will be tax-free. Therefore, if you are growing your retirement fund it is wise to open registered accounts and fulfill contributions in these accounts before you contribute funds in taxable investment account. However, there are some limitations and penalties for early withdrawals from IRAs.
Interactive Brokers, the custodian firm IncomeClub partners with to custody your assets, reports all reportable amounts on a consolidated form 1099 which includes specific Forms 1099 for each type of income.
Forms 1099 are issued on or before February 15 of each calendar year.
Form 1099-R reports distributions from IRAs and SEP IRA and is issued on or before January 31 each calendar year.
Form 5498 reports contributions and rollovers to Traditional IRAs, Roth IRAs, and SEP IRAs as well as the fair market value of the account at December 31 of the prior year. Form 5498s are distributed on or before May 31 of each calendar year.
We do not provide individual tax advice, and you must consult your tax advisor regarding any questions you may have specific to your personal taxes. IncomeClub assumes no responsibility to any client for the tax consequences of any transaction.
When issued you may find your forms under Account Management > Reports > Tax > Tax Form. Often tax forms are revised after being issued. We recommend that you check your account periodically for updated forms as you prepare and finalize your tax return.
IncomeClub partners with Interactive Brokers(“IB”) as a brokerage and custodian firm for our clients. Your assets are held on the account at a third-party custodian. In accordance with SEC rules (15c3-3, the “Client Protection Rule”), our brokerage partner Interactive Brokers protects your assets by segregating them and ensuring that they are not used for any other purpose, including loans to other investors , corporate investment purposes, or corporate spending.
Regulators and independent auditors constantly review “IBs” financial records to ensure clients’ assets are accurately recorded and held separately from the firm’s own holdings.
IncomeClub only has the right to issue trading instructions against your account. We cannot access your cash other than to charge our monthly advisory fee. You are the only one who can withdraw from or deposit to your account.
For 37 years, the Interactive Brokers Group has been building electronic access trading technology that delivers real advantages to traders, investors and institutions worldwide. Interactive Brokers Group and its affiliates’ equity capital exceeds $5 billion. Interactive Brokers has the Standard & Poor’s ”A-“ investment grade rating. The SEC, FINRA, NYSE, FSA and other regulatory agencies around the world, regulate interactive Brokers. The Interactive Brokers is a public company and their stocks are traded on NASDAQ (IBKR).
Rated as a Best Online Broker for the Third Year in a Rowby Barron’s 2014 ranking.
Your brokerage accounts at Interactive Brokers are protected by Securities Investor Protection Corporation (“SIPC”) . This insurance covers up to $500,000 in securities (a cash sublimit of $250,000) for each type of account you hold with IncomeClub. An Investment Retirement Accounts (IRAs) are considered a different type of accounts than taxable accounts for this insurance coverage, but different types of IRA accounts are considered one account for this purpose.
SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. For more information about SIPC and answers to frequently asked questions (such as how SIPC works, what is protected, how to file a claim, etc.), please refer to the following websites:
In addition, your accounts at Interactive Brokers are protected up to an additional $30 million (with a cash sub limit of $900,000 and subject to an aggregate limit of $150 million) under Interactive Brokers’ excess SIPC policy with certain underwriters at Lloyd’s of London.
As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.
IncomeClub clients only have cash accounts (vs. “margin accounts”) at Interactive Brokers. That means the cash or securities held in your account are segregated from cash and securities held in broker’s and other clients’ accounts, and at no time can the cash or securities held in your account be loaned out or borrowed by IncomeClub or Interactive Brokers.
Proprietary trading is the practice of a brokerage firm trading in the marketplace using its own capital. When a firm makes a wrong bet in the market and does not have enough capital to pay for the losses, the firm either must declare bankruptcy or commit fraud and use client assets to cover losses. Our custodian partner Interactive Brokers does not perform a proprietary trading for its own account and diminishes risk of custodian insolvency.
The IncomeClub Referral Program allows you to lower your annual advisory fee. Invite your contacts and we will waive fees for 3(three) full calendar month for both you and your referrals when they fund an account. Already a client? Send an invite.
When you buy you are lending your money to a corporation, government, federal agency or any other organization, whether it is domestic or foreign. The issuer of the bond, the borrower, enters into a legal agreement to pay you, the bondholder, interest. The bond issuer also takes on the obligation to repay you the original loan, at the bond’s maturity date. The maturity date is a particular date when the issuer will repay the face value of the bond. Bonds are also often referred to as fixed-income securities, as they provide you with fixed periodic payments.
Yield-to-Maturity is an annualized yield you will get if you hold bond until Maturity. Yield-to-Call is an annualized yield to the Call date, if a bond has a Callable option and will be called by issuer at Call date.
Unlike bond funds, individual bonds provide investors with predetermined interest payments and returns at maturity. Bond funds however do not have a maturity date and assurance of principal return. The price of fixed-rate bonds held in funds will fall with an increase in interest rates, and total return will be negative. On the other hand, dedicating individual bonds to a portfolio will mitigate the effect of rising interest rates.
Annual fees depend on the value of a client’s asset base that is under management. For accounts with $100,000 or less, annual fees are 0.25%. For accounts with $100,000 and above, annual fees are 0.2%. Accounts with asset under management under $20,000 are managed for FREE.
Cash balances and investments in money market funds and certificates of deposit are covered by the account and are included in the fee calculations. Interactive Brokers and third parties fees will be applied separately.
A. Bond’s Commissions
Interactive Brokers use a tiered commission structure for trading bonds. Commissions are calculated based on volume and any external fees are added on.
|Comissions||Minimum per order||Minimum per order|
|<= $10,000 of Face Value||0.10% * Face Value||N/A||N/A|
|> $10,000 of Face Value||0.025% * Face Value||N/A||N/A|
A Bond purchase in an amount of $1,000 will generate commissions of $1.00 (0.1%*$1,000)
A Bond purchase in an amount of $15,000 will generate commissions of $2.25 (0.1%*$10,000+0.025%*$5,000)
U.S. Treasuries (Bills, Notes, Bonds):
|Comissions||Minimum per order||Minimum per order|
|<= $1,000,000 of Face Value||0.025% * Face Value||$5||N/A|
|> $1,000,000 of Face Value||0.005% * Face Value||$5||N/A|
A Bond purchase in an amount of $10,000 will generate commissions of $5.00 (0.025%*$1,000=$2.5< $5.00))
A Bond purchase in an amount of $2,000,000 will generate commissions of $300 (0.025%*$1,000,000+0.005%*$1,000,000=$250+$50)
B. Bond’s External Fees
Interactive Brokers purchase and sell bonds through different dealer networks and NYSE (New- York Stock Exchange). Each venue applies various fees on each trade depending on the securities types, maturities and trade size.
Here are the fees schedule of BondDesk , MuniCenter and NYSE
C. FINRA Trading Activity Fee
FINRA Trading Activity Fee is applied only if you sell a security. The fee is calculated by the following formula: $0.0075*Quantity of Bond Sold
D. Stocks and ETFs Commissions
Interactive Brokers offers fixed structure of commissions for stock and ETF’s bonds’ trading and charges a fixed rate low commission per share or a set percent of trade value, including all exchange and regulatory fees:
|Fixed Comissions||Minimum per order||Minimum per order|
|$0.005 per share||$1||0.5% of trade value|
Global X Funds exchange traded funds (“Global X Funds ETFs”) are available commission‐free to Interactive Brokers clients through an agreement between Interactive Brokers LLC and Global X . Here the list of the Global X ETFs. IncomeClub has pre-selected some ETFs form this list and includes in the platforms equity ETF’s listing.
E. Stocks and ETFs transaction fees
Transaction Fees are applied only if you sell a security. The fee is calculated by the following formula: $0.0000184*Value of Aggregate Sales
F. Monthly Activity Fees
Interactive Brokers charges monthly activity fees , unless your account value exceeds $100,000.
|Accounts||Monthly Activity Fees||Waiver|
|Single Accounts, Individuals and Small Businesses.||$0 if monthly commissions are equal to at least $10;|
If monthly commissions are less than $10, Monthly Activity Fee= $10-commissions.
Monthly Activity Fee= $10-$6=$4.00
|1.The first three full calendar month2.Accounts whose Net Liquidation Value >= $100,000.|
Exchange Traded Funds (ETF’s) are considered the cheapest investment tool for investors, among other options for broader exposure in capital markets. Due to the fact that ETFs mimic major indexes and are not actively managed, the Expense Ratio is much lower than in Mutual Funds. IncomeClub’s advisory fee plus Interactive Brokers’ commissions are matched to the 0.15%-0.65% range; however IncomeClub provides you the opportunity to build your own portfolio of individual bonds. Here are examples of Expense Ratios of the major fixed income ETFs:
|Exchange Traded Fund||Benchmark Index||Ticker||Expense Ratio|
|iShares 1-3 Year Treasury Bonds||Barclays U.S. 1-3 Year Treasury Bond Index||SHY||0.15%|
|iShares 3-7 Year Treasury Bonds||Barclays U.S. 3-7 Year Treasury Bond Index||IEI||0.15%|
|iShares iBoxx $ Investment Grade Corporate Bond||Markit iBoxx USD Liquid Investment Grade 0-5 Index||LQD||0.15%|
|iShares National AMT-Free Muni Bond||S&P National AMT-Free Municipal Bond Index||MUB||0.25%|
|iShares iBoxx $ High Yield||Market iBoxx USD Liquid HY Index||HYG||0.50%|
|iShares Global High Yield||Market iBoxx Global Developed Markets HY Index||GHYG||0.55%|
|iShares Emerging Markets High Yield||Morningstar Emerging Markets HY bond index||EMHY||0.65%|
IncomeClub’s fee of 0.20%-0.25% is already much lower than the 0.99% average advisors fees for fee based accounts (according to a survey report published by Pricemetrix in 2014).
Several of our competitors within automated wealth management services charge about 0.25% on assets held in fee-based accounts. However, such investing accrues additional fees which are embedded in the cost of the ETFs, in the range of 0.15-0.65%. Therefore, the aggregate cost for their services is in the 0.4%-0.9% range depending on the ETFs portfolios’ mix.
There are no any custodial fees related to accounts opened with Interactive Brokers
Annual fees are charged on a monthly basis and IncomeClub fees are calculated on a continuous basis. (not sure if annual fees and IncomeClub fees are the same things).. The fees are based on the net market value of a Client’s account, reported by the custodian at the end of each trading day.
IncomeClub calculates a daily advisory fee for each trading day, which is equal to fee rate multiplied by the net market value of the Client’s Account for that day. That number is then divided by the 252 business days. The advisory fee for a month is equal to the total value of daily fees, calculated during that month for every trading day (less any deductions or fee waivers)
For example, the market value of Scott’s investment account is $40,000 and he began investing on November 17th. At the end of November, his assets were managed for 9 trading days and IncomeClub’s annual fee is 0.25 percent. Assuming that the market value of Scott’s portfolio remains the same during the month of November, our advisory fee for that month is calculated in the following way: (0.25%/252)*$40,000*9=$3.57.
Advisory fees for a certain month are charged on the first business day of the following month. For example, we would charge the advisory fee for the month of June, on the first business day of July.
Advisory fee is automatically withdrawn from your investment account Interactive Brokerson first business day of each month.
1.Go to https://www.interactivebrokers.com
2.Click on Login and Account Management
3.Enter your Username (ID) and password
4. Click on “Manage Account” and select “Add or link account.”
5.Click on “Advisor/Broker Account Setup
6. You will be offered three options. Select the first one ” Link existing account to an Advisor.”
7. Enter Advisor ID : F1487977 and Advisor Name: IncomeClub,Inc.
8. Then you will be re-directed to several disclosures and agreements pages that you should sign.
9.Submit the request.
If you have any difficulties to link your account to IncomeClub , let us know and call directly to Interactive Brokers customer support 1-877-442-2757. They will happy to help you.
To open an account with IncomeClub, a minimum investment of $5,000 is required. Depending on market price and accrued interest, bonds’ face value is $1,000. Therefore, minimum investment covers the purchase of four to five bonds.
Unless you are investing in Savings Bonds or Treasury Bills, all investments are subject to a certain amount of market risk. It is, therefore, important to diversify your portfolio with a combination of bonds (securities) to avoid taking unnecessary risk, without deriving a higher than average return. We recommend investing anywhere from $25,000 to achieve minimum diversification.
No. You cannot make direct trades using accounts that have been opened under our management. All buy and Sell orders must be placed only through IncomeClub platform.
No, we do not currently support trading individual equities. For the time being, IncomeClub’s primary focus is on individual bonds and bond ETFs , which have maturity dates. In the near future, we plan on expanding our reach to support other types of income generating securities such as preferred shares, REITs, and dividend stocks.
There is no limit to purchasing bonds through our service. Our platform has been designed for long-term investors and day-trading bonds are not encouraged. As your wealth management advisor, IncomeClub does not recommend selling bonds before maturity. This might cause a capital loss if the execution price is well below face value. However, IncomeClub encourages clients to sell some bonds before maturity based on market circumstances such as a surge in market price, credit ratings cut, etc.;
Yes, you can do it. However, you will not be able to use IncomeClub’s Auto Investing Tools. You will not receive better execution price and won’t be able to participate in a Bonds Crowdfunding program. Our monthly fee is slightly above $15 for the portfolio of $100,000 and for this small amount to pay for us to take full care of your assets.
Selling your Positions and/or Account Closing
To sell your positions before the bond reaches a maturity date, you send us your instructions to firstname.lastname@example.org with all details: all or indicating specific positions from your portfolio,
You can initiate a withdraw of some or all of your funds using Interactive Brokers interface or send a request to email@example.com with all details, and we’ll execute them for you.
First, you close your account with Interactive Brokers:Your Account Closing instructions, then you send an account closing request to firstname.lastname@example.org. Your IncomeClub Account will be closed.