What is your margin interest rate?

qll · Feb 6, 2007

http://www.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc#debit

https://www.ameritradeplus.com/plus/html/marketing/margin/mm_page.htm

looks like if you borrow 250k, you will get 6.293 on IB and 8.25 on Ameritrade. so a saving 2% or 5k a year. Big difference!

What does your broker charge?

TM_Direct · Feb 6, 2007

6% at just2trade

cashmoney69 · Feb 6, 2007

10.5%

TM_Direct · Feb 6, 2007

Quote from cashmoney69:

10.5%

You trading with your Capital One card????

qll · Feb 6, 2007

i pay 7% over 250k and 1m
pay 7.25% between 100k to 250k

Preston Forbes · Feb 6, 2007

Anyone know what Scottrade charges?

qll · Feb 6, 2007

Quote from TM_Direct:

6% at just2trade

i think it is still higher than ib. you can pay around 5% on ib.

cashmoney69 · Feb 6, 2007

Quote from TM_Direct:

You trading with your Capital One card????

Scottrade, But I dont use margin so no worries.

benitez17 · Feb 9, 2007

Thanks for the ad for IB.

GTC · Feb 10, 2007

qll, just2trade's margin rate is "whatever rate is advertised in just2trade's website by default" or "your broker's margin rate"--whichever is lower. Therefore, it cannot be higher than IB's rate.