Can anyone explain IB's margin rules ?

Discussion in 'Retail Brokers' started by Peter_Nellise, Jul 13, 2006.

  1. Hi !
    If I have $30.000 in my IB account, and no other positions,
    is $60.000 going to be my overnight margin buying power ?
    and
    is $120.000 going to be my day trading margin buying power ?

    is this correct ?

    Thank you..