IB - Cash Account

Does anybody use this account? How to use it to ones advantage? There musr be some benefits to use this account. Comments much appreciated. Thanks

 

it seems nobody is using a cash a/c.

 

With respect, your question seems confusing and naive.

What are you asking? If you're asking what the difference between a margin & a cash account is please ask google.

If you're asking something else please rephrase.

 

where did you see advantage or benefits? i couldn't find any.

educate yourself first,ask questions(mean somebody have to spend their time for you)later

http://www.interactivebrokers.com/en/p.php?f=tradingConfiguration&p=a&p2=acctypes3

 

Thanks. I want to put my savings in some a/c long term. And I donot know where to go. I am looking possibility of IB cash a/c.

 

cash account is used in retirement plans mostly. go with margin. you can always downgrade to cash, but not opposite(double check with ib banking dept)