Worth switching from IB to Tradestation for the platform?

myminitrading wrote:

"Do you think that 4X buying power is free? you should check their margin rates may be near 7%"



Yes 4X buying power is FREE at all brokerages. You only pay margin rates on positions held overnight. I don't use margin on overnight trades so I don't pay for overnight holds.

Close out the position by the end of the day and there is no charge for 4X buying power.
 
Quote from CTTrader:

myminitrading wrote:

"Do you think that 4X buying power is free? you should check their margin rates may be near 7%"



Yes 4X buying power is FREE at all brokerages. You only pay margin rates on positions held overnight. I don't use margin on overnight trades so I don't pay for overnight holds.

Close out the position by the end of the day and there is no charge for 4X buying power.

Well their ya go, see your missing out on that 5% interest on your cash. Anyway happy trading
 
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