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Day 4 of paper trading and the first day of loss. -$445 Waited to long for some stocks/got in at the wrong time/missed my strategy today. Wasn't a good day for trading anyway.

My third day of paper trading: +86

My second day trading on my paper account: +$99

What i was trying to say with the second one is how you are supposed to calculate: the /day borrowed ammount or the /month borrowed ammount or whatever. It's the /day borrowed ammount. If we would have $40.000 a month we would have a 668 margin interest per year, that's how i got those...

My fault. The second one (664) is for a $40.000 borrow and represents the margin interest for one year. My question was actually on the period of time you are supposed to pay the margin interest. It's all / year.

Check the my second post above. I got an email from IB support and it took some time until it got posted on the forum. The person above me was right.

My first day on my paper trading account : :D

I got an email from the Interactive Brokers support. It's all clear now. The margin interest seems to be pretty low. The interest you see represents annual interest charges. The formula is this: (rate * prinicipal* days)/360 So using your values you would get...

Hello! My first post on Elite Trader. I'm planning on doing some day trading in the future. I want to open a margin account at Interactive Brokers (already own one, the margin account will be linked to the other one). But i have some questions about margin interest. Let's say i will borrow...