6:1 margin for overnight stock positions at InteractiveBrokers

Do you want IB to allow portfolio margin for accounts <100,000$

  • Yes

    Votes: 77 58.8%

  • No

    Votes: 54 41.2%
  • Total voters
    131
I am happy that we are on the same page now. OCC-based haircuts dictate a minimum reqirement. Each broker applies its own additional safeguards that must be approved by regulators. There is nothing to argue about.
 
Quote from ids:

I am happy that we are on the same page now. OCC-based haircuts dictate a minimum reqirement. Each broker applies its own additional safeguards that must be approved by regulators. There is nothing to argue about.
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No problem whatsoever. Good luck to you.
 
IB vs, THINKORSWIM..........PORTFOLIO MARGIN ....UPDATE PLEASE....WHO HAS THE BETTER PROGRAM FOR TRADER WITH $400K SPREAD ACROSS 20 POSITIONS?????
 
ids 05-16-07 02:37 AM: "It does not work like that. It is not easy to jump off PM account."

How difficult is it to jump off? I have read http://www.interactivebrokers.com/en/p.php?f=margin. I see where it says It should be noted that "if your account drops below USD 100,000 you will be restricted from doing any margin-increasing trades. Therefore if you do not intend to maintain at least USD 100,000 in your account, you should not apply for a Portfolio Margin account." Let's say I intend to maintain USD 100,000 (or more) in my account, but then someday there is an emergency and I need to withdraw a big chunk of money. How difficult would it be to revert back to Reg T margin?
 
Quote from larrybf:

IB vs, THINKORSWIM..........PORTFOLIO MARGIN ....UPDATE PLEASE....WHO HAS THE BETTER PROGRAM FOR TRADER WITH $400K SPREAD ACROSS 20 POSITIONS?????
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what positions do you have? do you want more leverage or do you want the safety of a broker who won't let you over-lever yourself?

i have portfolio margin accounts with both brokers. for certain options positions, TOS's margin req calculations can be very volatile; i.e., it changes significantly by the second. IB's is more stable but their PM allows less leverage. TOS now uses risk endpoints of (-12%, +10%) on SPX/OEX, so they don't allow as much leverage as before. IB removes your expired options positions early on the friday of expiration; TOS doesn't until about 1pm EST that day.

bare in mind, these brokers have changed their PM calculations before, so what you find preferrable now may not be so later. i've had PM at IB since inception and they've changed it at least 5 times.
 
Quote from asterisk:

How difficult would it be to revert back to Reg T margin?
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just go into your account management settings, then trading access. then select reg-t. there's not much to it.
 
Quote from mskl:

correct- customer account with less than $5 Million - are suppose to have some of their positions (spec) subject to day trading rules!!!

IB got an exemption because of their real time margining - so it isn't $5 million it is only $100K for those who speculate

Yet we got guys on this board who think $100 K is too high and these are the same guys who simply want move levarage for their unhedged positions....
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correct... Ive heard that under portfolio margin you may end up with less margin then reg t if not hedged properly. This type of account is perfect for pairs traders and people who are hedged.
 
Quote from ids:

You do not understand one simple thing. We MUST fulfill TIMS-dictated minimums. TIMS does not recognize stock correlations. Regulations are regulations.
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Interesting, what about etf correlations...
 
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