SteveJ Veteran  Posts: 105 Joined: 10/11/2012 Location: UK  User Profile | F Gordon, Sorry, that's not correct. Cash account rules are:- 1. Account must have enough cash to cover the cost of stock plus commissions. 2. Shorting not allowed. 3. Cash from the sale of stocks is available three business days after the trade date. 4. Account may trade in different currencies but must have the settled cash balance to enter trades. 5. When authorizing market, relative and VWAP orders, a 5% cash cushion is required to compensate for market movements. See http://www.interactivebrokers.com/en/index.php?f=tradingConfiguration&p=acctypes [Edited by SteveJ on 3/22/2013 1:11 PM] | |
