Does Robinhood offer portfolio margin?

RobinHood also charges like 11.5% margin. With your account size, you should be getting 5.6% tops at IB.
Fidelity is not cheap either. 11% plus.

So if you are regularly floating $100K overnight... that works out to about $31.50/day. IB would be half of that, so say $16.

If you're getting $0.55/contract, anything under 29 trades per day, and you're saving money with IB.
 
vanzandt said:
RobinHood also charges like 11.5% margin. With your account size, you should be getting 5.6% tops at IB.
Fidelity is not cheap either. 11% plus.

So if you are regularly floating $100K overnight... that works out to about $31.50/day. IB would be half of that, so say $16.

If you're getting $0.55/contract, anything under 29 trades per day, and you're saving money with IB.
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Agree. No other broker can get close to IB's margin rates. That is why I stuck with them for 10 years when the rates were too low. Now at 5.6% IB rate, it is the best but still too much for me as I got used to borrowing under 3%. So I'm not borrowing much these days. RH has a gold program that pays 4.15% for cash deposits and 7% margin rates. So not too bad compared to IB. Wish Fidelity paid 4% on uninvested cash.
 
GoogTgt said:
Agree. No other broker can get close to IB's margin rates. That is why I stuck with them for 10 years when the rates were too low. Now at 5.6% IB rate, it is the best but still too much for me as I got used to borrowing under 3%. So I'm not borrowing much these days. RH has a gold program that pays 4.15% for cash deposits and 7% margin rates. So not too bad compared to IB. Wish Fidelity paid 4% on uninvested cash.
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Why keep cash uninvested when you can trade boxes and easily earn 4%?
 
If you have big accounts, why consider Robinhood, that is for kids. Serioulym any large brokers will accommodate.
 
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