IB Margin Increases Tomorrow Afternoon

Quote from Voodoo-king:

how much margin could stock investors use in 1929?
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10% in 1929.

Since 1940 the Federal Reserve has set it as low as 40% and as high as 100%. It's been at 50% since 1974.

Jack
 
good riddance imbecile.


Quote from Voodoo-king:

you clearly are an idiot, this basicaly renders margin investing using IB a futile endeavour, they are simply not reliable, you can send more money, but what comes next, this is the 5th margin increase affecting me, there is no reason to expect this to be the last.
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Hmm, i Can see why some people might be annoyed with the margin increase. I'm not sure if we have hit a bottom yet, but if we have it's kind of late on IB's side. I guess some people are worried about not having enough buying power on the upside should it come.
 
Update from IB pushes off the margins increases for one day.


Oct 07, 2008 15:21 EDT

MARGIN INCREASE UPDATE

In the interest of providing clients with sufficient opportunity to deposit additional funds and/or adjust their positions, the margin increase originally scheduled to be implemented Tuesday, 7 October 2008 will be phased in beginning Wednesday, 8 October 2008._ Please refer to the schedule below for details regarding the products impacted and their projected implementation dates:
 
Quote from rtp100:

yes you are right on that one

I FELL IN LOVE with open e cry

but the fukers told me over the phone

"we can't open account for you because of where you live"

Jesus H christ :mad: :mad: :mad:
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You live in Detroit?
 
condorII, there are brokers around offering openECs frontend... i think you would not have problems there to open the account and using OEC :)
 
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