European Account types and limits

Discussion in 'Interactive Brokers' started by Bent, Dec 17, 2020.

  1. DevBru

    DevBru

    Only the profit, profits are realized at 10pm EST.
     
    #11     Dec 17, 2020
  2. eyofhh

    eyofhh

    I just read the FAQs for the IBUK -> IBCE migration and take a look at point 13! it looks like after migration PDT rule will no longer be applicable to those migrated to IBCE (link)

     
    #12     Dec 19, 2020
  3. Bent

    Bent

    Umm interesting.. maybe there is a way to open IB account telling to use that IBCE now? https://www.interactivebrokers.eu dont give any kind of info about this process
     
    #13     Dec 19, 2020
  4. eyofhh

    eyofhh

    I think it's solely related to your country of residence. I believe that it works this way that if you're from EU, you should have got get an invitation to do the switch. This is at least what I got, but didn't accept yet.
     
    #14     Dec 20, 2020
  5. VicBee

    VicBee

    There will be a time soon when retail traders will be required to open local accounts or their accounts will be shut. I think there's a accelerating consensus today among governments that validation and penalty should first rest with the service providers to ensure their clients abide by residency requirements and local tax laws.
     
    #15     Dec 21, 2020
    korzes likes this.