how does IB's margin calculations work?
just as an example... lets say i go on margin (for forex) 4 times in a single day (buy, then sell all) each time borrowing $500,000 USD.
do they charge a margin fee according to the number of hours i borrowed the $500,000? Ooorrr... do they charge "per day" incuring a charge as if i were in it for the full day?
further, if they do charge per day, would i incur a "per day" charge for each of the 4 times i borrowed? or would i only incur one charge, since all the trades were made in the same day and did not exceed $500,000?
thanks for your help!
(yes, i'm new...)
just as an example... lets say i go on margin (for forex) 4 times in a single day (buy, then sell all) each time borrowing $500,000 USD.
do they charge a margin fee according to the number of hours i borrowed the $500,000? Ooorrr... do they charge "per day" incuring a charge as if i were in it for the full day?
further, if they do charge per day, would i incur a "per day" charge for each of the 4 times i borrowed? or would i only incur one charge, since all the trades were made in the same day and did not exceed $500,000?
thanks for your help!
(yes, i'm new...)
