IB Problem With Margin IRAs?

Discussion in 'Interactive Brokers' started by millipede, Sep 21, 2006.

  1. lpope

    lpope

    Perhaps fees settle on T when trades settle on T+3. This could result in negative cash balance if you push close to account equity limits.
     
    #11     Oct 23, 2006
  2. millipede

    millipede

    Thanks, yes I think the fees are charged on trade date vs. settlement.

    But I think that's shown exactly so on the daily statement, so the net "available funds" should reflect the real thing.

    I use advisor allocations, and executions at several prices sometimes do not get distributed equally between accounts. IB will square to average prices in the accounts on the following day.

    Those appear on the following day's statement "as of" the previous day, so there's a possibility of a debit being created that was not seen the previous day. I did not find that to be the case, but I could have missed something.

    Anyway, no problems since.
     
    #12     Oct 25, 2006