Wes Smith![]() Veteran ![]() ![]() ![]() ![]() Posts: 199 Joined: 10/11/2012 Location: Ontario,Canada ![]() | Answer back from IB The rules we are discussing only apply to Margin accounts. To prevent a pattern day trading acct with 4x Margin from effectively becoming a 12x Margin account when trading 3x ETF. CASH accounts can fully use these leveraged products up to the cash balance of the account. So no effect on Cash but lots of effect on Margin, depending if the account has triggered the pattern day trade rule. I think it makes quite a mess for OV to eventually automate. OV will need account settings for margin/cash as well as pattern-day-trader status. Pattern day trader status would be a reasonable thing for OV considering how frequent some of these strategies trade, and would be almost automatic once R/T trading is enabled. Triggered when you make more than 4 in/out day trades in a week. Google for more precise info. Wes |