Advertisement

AK

21 May 2020

∙

General Investing

Should I use margin account (on Interactive Broker) to engage in day trading?

I am looking to start day trading/ scalping. However, I am faced with Interactive Broker's (IB) T+2 regulations when using a cash account. Meaning to say, I won't be able to trade for 2 days after closing a position.

In this case, should I open a margin account with IB in order to day trade? Assuming that I have 25k USD which allows me to avoid the Pattern Day Trading violation.

Interactive Brokers

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Frankie Rappaport

21 May 2020

Neither margin trade nor daytrading seem a viable long-term solution to the problem of investing, where you can only 'play' with but not against time.

Reply

Save

View 2 replies

Write your thoughts

Related Posts

Have anyone created a broker-assisted trading account and how is the experience like? I feel that most don't use an actual broker these days but wondering what the experience of an actual broker like?

Who has the cheapest margin fees/cost among TD Ameritrade, Tiger Broker and interactive broker (MARGIN), not cash account?

Is it more worth it to use Gemini referral code (earn 10 USD in BTC if trade above US$100 within 30 days of account opening) or use the current 2 week fee-free trading promo?

Is interactive broker for beginners with trading volume less than 10K? Or would you recommend beginners to use the 0 commission brokers such as ad ameritrade?

Has anyone tried using margin on investing ? And best broker trading on margin?

Related Products

Interactive Brokers

4.0

38 Reviews

$0

MINIMUM FEE

Market Spread

TRADING FEES

Custodian

STOCK HOLDING TYPE

Moomoo Singapore

4.7

485 Reviews

Saxo Markets

4.5

958 Reviews

Related Posts

Have anyone created a broker-assisted trading account and how is the experience like? I feel that most don't use an actual broker these days but wondering what the experience of an actual broker like?

Who has the cheapest margin fees/cost among TD Ameritrade, Tiger Broker and interactive broker (MARGIN), not cash account?

Is it more worth it to use Gemini referral code (earn 10 USD in BTC if trade above US$100 within 30 days of account opening) or use the current 2 week fee-free trading promo?

Is interactive broker for beginners with trading volume less than 10K? Or would you recommend beginners to use the 0 commission brokers such as ad ameritrade?

Has anyone tried using margin on investing ? And best broker trading on margin?

Advertisement