Minimum Balance to Maintain in IB?

[athlonmank8]

Quote from futuman:

Bullshit. There's lots of brokers that let you trade on margin with 500 on your account. It's just that IB is overcautious.

. Who?! For equities? A tiny handful MAYBE.

 

[athlonmank8]

Quote from d08:

My thoughts exactly. Trading with only $500, that's kind of like betting on ponies.

. Regardless, whether its 500 or 50,000 a loser's a loser in this business. Not too many winners. Not to mention everyone starts somewhere.

 

[cstfx]

Quote from atticus:

lol wrong.

My brother had an account with $0.00 that he just put $500 in via ACH for quote access and it is open to trade. The account had been closed for a year. He had to reaffirm those suitability questions, but he ACH'd $500. He even bought a calendar spread with the $500.

IOW, you need at least $500 to sub to quotes, but that's it.