Where to go after the CyberTrader Sabatage?

[o10maximus]

MB is no place for an active trader.

Depending on your acct size you can probably negotiate
overnight interest w/ most firms.

 

[jimrockford]

Quote from Catoosa:

IB on balances over $10,000
MB Trading

IB pays interest on the entire balance, not just the part under $10,000, if you invest free cash by shorting EFPs. The amount paid for shorting EFPs is greater than the interest any broker will pay on cash.

 

[trader225]

Quote from jimrockford:

IB pays interest on the entire balance, not just the part under $10,000, if you invest free cash by shorting EFPs. The amount paid for shorting EFPs is greater than the interest any broker will pay on cash.

"free cash"

 

[jimrockford]

Quote from trader225:

"free cash"

I meant "free cash" in the sense of a positive cash balance, which is available for investment.