ESCAPE the PDT rule on IBKR

trefledez

trefledez

Hello, I live in North Africa and I see that it doesn't make sense to be forced to follow the PDT law when it's only for US residents,
Can you help me with how to trade on IBKR without having to follow the PDT law?
I saw that there is a difference between IBKR US and IBKR EUROPE.
NB: the administrators of IBKR group Facebook blocked my question.
 
It may be that the broker based in US must comply with PDT not based on residency of account holder. Did you ask customer support?
 
Girija said:
It may be that the broker based in US must comply with PDT not based on residency of account holder. Did you ask customer support?
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They blocked my question with the reason: we do not support questions about how to acoid complying with the law.
 
trefledez said:
They blocked my question with the reason: we do not support questions about how to acoid complying with the law.
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There you have your answer.
IBKR is us based with subsidiaries in UK and other places.
Thus you have to follow the PDT rule.

My account is with IBKR UK and there are even additional regulations (such as leverage limits on fx, no crypto, not all structured products)... all by the FCA that apply to me although i am not an UK resident or citizen.

If you don't want to be limited by PDT you may want to have a look at tradezero
 
trefledez said:
They blocked my question with the reason: we do not support questions about how to acoid complying with the law.
More...
Probably the way you ask the question resulted in a denial of an answer. Rephrase the question to does pdt apply to non-resident non- citizens.
ask ibkr europe your question in a friendly neutral tone
 
JamesJ said:
There you have your answer.
IBKR is us based with subsidiaries in UK and other places.
Thus you have to follow the PDT rule.

My account is with IBKR UK and there are even additional regulations (such as leverage limits on fx, no crypto, not all structured products)... all by the FCA that apply to me although i am not an UK resident or citizen.

If you don't want to be limited by PDT you may want to have a look at tradezero
More...
trade zero US also has to obey the law but may have a foreign division.
 
ZBZB said:
Open an account with IB Europe. IB U.K. is introducing for IB LLC so you have PDT. IB Europe does not.
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Good to know, can you trade crypto (Futures and ETFs like Gbtc) with IB Europe? With IB UK you can't.
 
JamesJ said:
Good to know, can you trade crypto (Futures and ETFs like Gbtc) with IB Europe? With IB UK you can't.
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You can trade BRR CME bitcoin futures and GBTC and ETHE with IB UK. No CME bitcoin options on futures anywhere with IB. Not sure about Europe.

IB are adding cash bitcoin in the summer.
 
Last edited:
ZBZB said:
You can trade BRR CME bitcoin futures and GBTC and ETHE with IB UK. No CME bitcoin options on futures anywhere with IB. Not sure about Europe.

IB are adding cash bitcoin in the summer.
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I cannot trade them. IB UK, swiss resident
 
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