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Jim Dean

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Posts: 1059

Joined: 10/11/2012
Location: L'ville, GA

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Subject : RE: OmniVest and IRA Accounts
Posted : 3/22/2013 12:28 PM
Post #24793 - In reply to #24792

I'm sure that GX Trader uses T+3 and T+1 for IRA's, even if the account size is greater than the $25k "daytrading" threshold ... I just spoke to Zack at GX this morning to confirm.

I checked IB's website and apparently they DO allow margin (at about 1.7% interest) on IRA accounts ... with some restrictions ... and I was very surprised to see that. I did not see anything on their site about T+3 for IRA's. If anyone knows about IB's IRA rules from actual use, please post here.

Thanks
Deleting message 24793 : RE: OmniVest and IRA Accounts


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