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IB - Cash Account
- Thread starter osho67
- Start date
With respect, your question seems confusing and naive.
What are you asking? If you're asking what the difference between a margin & a cash account is please ask google.
If you're asking something else please rephrase.
What are you asking? If you're asking what the difference between a margin & a cash account is please ask google.
If you're asking something else please rephrase.
where did you see advantage or benefits? i couldn't find any.Quote from osho67:
Does anybody use this account? How to use it to ones advantage? There musr be some benefits to use this account. Comments much appreciated. Thanks
educate yourself first,ask questions(mean somebody have to spend their time for you)later
An IB Cash account requires the account holder to have enough cash in the account to cover the cost of the transaction plus commissions. No shorting is allowed. The account may trade in multiple currencies, but must have the settled cash balance to enter trades. Existing cash account holders can upgrade to a multi-currency cash account through Account Management.
http://www.interactivebrokers.com/en/p.php?f=tradingConfiguration&p=a&p2=acctypes3
Quote from Bob111:
where did you see advantage or benefits? i couldn't find any.
educate yourself first,ask questions(mean somebody have to spend their time for you)later
http://www.interactivebrokers.com/en/p.php?f=tradingConfiguration&p=a&p2=acctypes3
Thanks. I want to put my savings in some a/c long term. And I donot know where to go. I am looking possibility of IB cash a/c.