Disgusted... Closing account
>So they want to keep you as a customer so that they can take >$15 every quarter untill it's empty...from then on it's free to >have a dormant...
Read here: http://www.datek.com/advantage/feesch.html "All inactive accounts with balances below $15.00 will be charged the remaining account...
There are auctions on the german market? hehe
Yes the new rules are fully implemented next month. But even then, IB won't give you 4:1 or daytrading in cash accounts.
Interesting question... If more then 6% of your positions get stopped out same day you opened the position, you are a pattern day trader based...
Datek gives 4:1 to EVERYONE! What is IB going to do now?
No problem... You may want to read these two: The New Daytrading Margin Rules: A Primer By Diane Hess...
I guess they will only change their attitude towards daytraders when enough of us leave them.
NYSE, Nasdaq margin requirements for day traders rise to 25,000 usd From RBC NEWS, August 27th, 2001 Section: MARKETS NEW YORK (AFX) -...
COMPANIES & FINANCE INTERNATIONAL: NYSE changes borrowing rules NEWS DIGEST From FINANCIAL TIMES, August 28th, 2001 By JOHN LABATE...
GLOBAL INVESTING: NYSE rules for day traders come under fire NEW MEASURES SEEN BY SOME AS TOO LATE: From FINANCIAL TIMES, August 28th, 2001...
NYSE's margin lending rules for day traders come under fire From FINANCIAL TIMES, August 28th, 2001 BY JOHN LABATE IN NEW YORK The New...
New day trader rules From THE TIMES, August 28th, 2001 Chris Ayres The New York Stock Exchange yesterday unveiled rules aimed at raising...
NYSE HITS DAY TRADERS WITH TIGHTER MARGIN RULE From WALL STREET JOURNAL, August 27th, 2001 By AARON ELSTEIN New York Stock Exchange,...
"2) Can I day trade in a US stock cash account with IB? Yes, however, stock cash accounts may only trade with settled funds. " It is just a...
Please... the only good part of the new margin rules is 4 x margin for daytraders, also overnight. Why do IB customers get only the bad parts...
There is no new rule regarding cash accounts. According to their interpretation, also with the old margin rules, trading in cash accounts would...
Oh and I forgot... Daytraders with more then 25.000$ in account will leave because they don't get 4 x margin. It's clear. IB doesn't want...
Restricting trading in cash accounts means that they will lose all daytraders with less then 25.000$ in account.
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