JeffW Member  Posts: 47 Joined: 10/21/2012 Location: Dallas, TX  User Profile | Does anyone understand exactly what IB means for what they call at Reg T IRA account - "US resident customers may open cash or margin Individual Retirement Accounts (IRAs)." http://www.interactivebrokers.com/en/index.php?f=tradingConfiguration&p=acctypes2 Looks like they offer margin for an IRA with the restrictions you can't short stocks or borrow cash, but doesn't say anything about the 3 day cash clearing requirement like a Cash account has. Looks like the purpose of a Reg T IRA is to allow day trading in an IRA which would only be feasible if you did not have the 3 day cash clearing requirement. Anyone know for sure if IB means you can have IRAs without the 3 day cash clearing if you are using a Reg T IRA? If so, it would be great if gxtrader figured out how to offer same for their IRA accounts. | |
