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Margin Requirements are determined by risk based portfolio analysis models specified by each exchange. For specific details, visit the specific exchange site in question.

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IB^SM, InteractiveBrokers.com ®, IB Universal Account^SM, Interactive Analytics ®, IB Options Analytics^SM, IB SmartRouting^SM, Portfolio Analyst^TM and IB Trader Workstation^SM are service marks and/or trademarks of Interactive Brokers LLC. Supporting documentation for any claims and statistical information will be provided upon request. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

The risk of loss in online trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial. Options are not suitable for all investors.

For more information read the "Characteristics and Risks of Standardized Options". For a copy visit http://www.theocc.com/about/publications/character-risks.jsp. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclaimers page - http://www.interactivebrokers.com/disclosure. Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment. For additional information regarding margin loan rates, see http://www.interactivebrokers.com/interest. Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, please read the Security Futures Risk Disclosure Statement. For a copy visit http://www.interactivebrokers.com/disclosure. There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.

INTERACTIVE BROKERS ENTITIES

INTERACTIVE BROKERS LLC
is a member NYSE - FINRA - SIPC and regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Headquarters: One Pickwick Plaza, Greenwich, CT 06830 USA
www.interactivebrokers.com

INTERACTIVE BROKERS CANADA INC.
Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives.
Registered Office: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.
www.interactivebrokers.ca

INTERACTIVE BROKERS (U.K.) LIMITED
is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. [http://www.fsa.gov.uk/register/home.do] Office: Level 20 Heron Tower, 110 Bishopsgate, London EC2N 4AY
www.interactivebrokers.co.uk

INTERACTIVE BROKERS (INDIA) PVT. LTD.
is a member of NSE, BSE & NSDL [http://www.sebi.gov.in]. Regn. No. NSE: INB/F/E 231288037 (CM/F&O/CD); BSE: INB/F/E 011288033 (CM/F&O/CD); NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Registered Office: 502/A, Times Square, Andheri Kurla Road, Andheri East, Mumbai 400059, India. Tel: +91-22-61289888 / Fax: +91-22-61289898
www.interactivebrokers.co.in

INTERACTIVE BROKERS SECURITIES JAPAN INC.
商号：インタラクティブ・ブローカーズ証券株式会社。金融商品取引業者：関東財務局長（金商）第187号。加入協会：日本証券業協会。東京カスタマーサービス：03-4588-9700(平日8：30-17：30)。 Registered Office: 4th Floor Tekko Kaikan, 3-2-10 Nihonbashi Kayabacho, Chuo-Ku, Tokyo 103-0025 Japan
www.interactivebrokers.co.jp

INTERACTIVE BROKERS HONG KONG LIMITED
is regulated by the Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE. Registered Office: Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR www.interactivebrokers.com.hk