I have a margin account with IB. Why i cant withdraw my profits immediately ?

Its normal need wait 2 days ?

 

T+2 Settlement - Wikipedia

 

Also it might be because your funds were deposited less than 3 months ago. IB puts a 90-day hold on all funds deposited. Highway robbery, yes, I know.

 

Must be ACH and ACAT fraud preventative measures:

https://www.csoonline.com/article/2...me-ach-fraud-why-criminals-love-this-con.html

here's one from Robinhood customer

 

The 90-day hold would not be an effective measure against ACH fraud tbh. If somebody wants to commit ACH fraud, it can do it any time no matter how long is the hold.

Considering this is a fraud that started to happen in 2009, more than 10 years ago and Robinhood, a brokerage that's just developed most recently wouldn't have any countermeasures put in place. Good thing IB has two-factor authentication for all withdraw and deposit requests.

 

I thought that with margin account profits they would be available immediately (like a loan)

 

my account is old. i fund with wire transfer

 

Where are you? I have never had to wait for my monthly withdrawal in U.K.

 

USA

Generally i need wait 2 days after sell stocks

For example, if

 

My Balance available to withdraw is always a bit lower than actual liquidity.

As i trade quite actively i guess this has to do with settlement, typically T+2.