IB - money market

E

elit

Is there any means of accessing money market via interactive brokers. Instead of having my cash in my account I would like to earn some nice interest on my capital.
 
I don't know what rates are available.

$4 on $10 is 40%
$4 on $100 is 4%
$4 on $1000 is 0.4%

4% on $10000 is $400
and so on

I'd rather receive some interest on my capital, than only pay the minimum maintenace fees.
 
Quote from cvds16:

use your capital to trade ER2 for example, make 0.2 points each month in total and you will earn more
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Or I could make 20 points each month and and earn a lot more. Piece of cake!

Let's get back on topic, please.
 
guys, markets are slow, therefore I do the typing: This is really ridiculous. Why are you not just asking IB helpdesk? They should know the answer.
 
Quote from cvds16:

sorry i thought this was eliteTRADER
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You can take time off trading even if you're an elite trader, can't you? Do you have 100% of capital in active trades all the time?
 
Quote from me1969:

guys, markets are slow, therefore I do the typing: This is really ridiculous. Why are you not just asking IB helpdesk? They should know the answer.
More...

I was going to. But since this is a discussion board I thought I'd ask here too. Hope that's ok.
 
The answer is no. IB doesn't really want to attract small accounts. That's why they don't pay interest below $10k. There's nothing you can do if you're an active trader with an account below $10k.

You can't ACH transfer to an online money market account simply because: It may take 3-5 days round trip. Meaning 1-2 days to send it, then 1-3 to get it back into your IB account so you can use it.

And as far as I know, IB doesn't allow trading in mutual funds, like Money market mutual funds.

Best bet is to find at least 1 low risk trade per month that'll net you .42% (equiv of 5% per anum).
 
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