Only the profit, profits are realized at 10pm EST.
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European Account types and limits
- Thread starter Bent
- Start date
Only the profit, profits are realized at 10pm EST.
I just read the FAQs for the IBUK -> IBCE migration and take a look at point 13! it looks like after migration PDT rule will no longer be applicable to those migrated to IBCE (link)
13. Will I be subject to the U.S. Pattern Day Trading Rule once my account is migrated?
Accounts maintained with IBUK are subject to the U.S. Pattern Day Trading (PDT) rule as the accounts are introduced to and carried by IBLLC, a U.S. broker. The PDT rules restricts accounts with equity below USD 25,000 to no more than 3 Day Trades within any 5-business day period.
As accounts migrated to IBCE will not be introduced to IBLLC, they will not be subject to the PDT rule.
Umm interesting.. maybe there is a way to open IB account telling to use that IBCE now? https://www.interactivebrokers.eu dont give any kind of info about this process
Umm interesting.. maybe there is a way to open IB account telling to use that IBCE now? https://www.interactivebrokers.eu dont give any kind of info about this process
I think it's solely related to your country of residence. I believe that it works this way that if you're from EU, you should have got get an invitation to do the switch. This is at least what I got, but didn't accept yet.
There will be a time soon when retail traders will be required to open local accounts or their accounts will be shut. I think there's a accelerating consensus today among governments that validation and penalty should first rest with the service providers to ensure their clients abide by residency requirements and local tax laws.I think it's solely related to your country of residence. I believe that it works this way that if you're from EU, you should have got get an invitation to do the switch. This is at least what I got, but didn't accept yet.