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Charles Biggs

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25
Posts: 47

Joined: 2/28/2013
Location: TX

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Subject : RE: OmniVest and IRA Accounts
Posted : 4/16/2013 8:53 PM
Post #25414 - In reply to #25413
Following is from IB's website and lists the trading permissions of an IB "Cash" or "Margin" type IRA account:

http://ibkb.interactivebrokers.com/article/188

Their "IRA Margin Account" is a bit of a misnomer since leverage is not allowed ("pseudo-margin account" may be a better name), but the account does allow the use of unsettled funds for trading "as long as the subsequent purchase order does not settle prior to the sale order." I assume IB's software assures compliance to Reg T rules.



Deleting message 25414 : RE: OmniVest and IRA Accounts


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