IB: Misc Fee with multiple accounts

Discussion in 'Interactive Brokers' started by thecalip, Nov 15, 2007.

  1. rwk

    rwk

    To extend the discussion, the advantage of having an IRA at IB is that they offer a restricted margin account for IRA that bypass the T+3 settlement rules but disallow the use of leverage. That means you can daytrade in an IRA. Whether that is a good idea or not only the account owner can decide. The IRS has never definitively settled the issue of whether daytrading in an IRA makes it a "business" (which would be disallowed). A lot of people are doing it.
     
    #11     Nov 18, 2007