John W![]() Elite ![]() ![]() ![]() ![]() Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia ![]() | Barry, I've got a margin account with MB (costly commissions) and a cash account with IB (cheap commissions). Whichever account I choose I'm limited to 100% Max % of Equity due to government constraints. Theoretically a margin account with lots of trades allowing immediate settlement should outperform a cash account with 3 day settlement but the commission differences between MB and IB are significant and perhaps the IB account would outperform the MB account even with less cleared funds in play due to the 3 day rule. I can't reasonably choose which broker to use with 100% Max % of Equity because the cash account and margin account simulated results don't differ if I select either "cash account" or " margin account". I'm stuck at a crossroads! Also could you please let me know if the 3 day settlement rule works correctly in live trading if the "cash account" alternative is selected. |