If you use margin overnight the LAST broker you need is IB. No matter how safe you think you are you will one day get liquidated. (just make a search here on ET & you will find all this horror stories.)Quote from matgallis:
Hey Guys,
Does anyone know if there is a broker who will issue schedule D's automatically? Tax season is a real PITA for us active traders
Cash is king however, if you trade with cash no better choice tehn IB for comissions & tax reporting.