So I got migrated from IBUK to IBCE and today, while logging to the Client Portal I was asked for consent to "Election to share KHR data" with the following description:
The link leads to this pdf and honestly, I still don't know what does it mean if I do consent and what if not. Are there any...
Well, I opted in for migration a week ago already and I was told to wait - so I'm waiting, but it looks like there is not much time left this year :)
BTW, the migration FAQ points at mid-december as a probable migration date:
Has anyone already got migrated? It's the last day of 2020 but I still didn't receive any information. I'm starting to feel that IBKR is not really controlling the situation and it doesn't look like they have the migration process under control
FYI, with the upcoming Brexit and IBKR migration of EU accounts to Hungarian entity, it looks like we'll no longer be needing to apply to PDT rules. That's though not confirmed by me yet, I just found the info on their FAQ page...
Very nice overview Brent. I've been using both DeGiro and IBKR and here's some useful information
DeGiro:
"+" It doesn't incur any PDT rules and T+3 settlement. I traded there with my cash account couple of months and the money from sell was instantly available to buy.
"-" it doesn't allow...
I think it's solely related to your country of residence. I believe that it works this way that if you're from EU, you should have got get an invitation to do the switch. This is at least what I got, but didn't accept yet.
I just read the FAQs for the IBUK -> IBCE migration and take a look at point 13! it looks like after migration PDT rule will no longer be applicable to those migrated to IBCE (link)
Has anybody proceeded through the migration from IBUK to IBCE already? If yes, did you experience any problems? Were your postiions locked from selling e.g during some time? If yes for how long?