IB question

Discussion in 'Retail Brokers' started by evilfootware, Jan 28, 2009.

  1. Hello everyone,

    I'm new'ish to trading. Been using MT4 for a couple of yrs now and just opened an account with IB to trade live. I have a couple of question to ask, that someone can answer, I hope.

    1). My account has £10k in. When I click on 'account' is shows '£33k buying power'. Does that mean I can buy future contracts (which I want to trade), that have the total margin reguirement of £33k or just to the max of the balance of my account, which is £10k?

    2). Does IB have the 50% reduction on day trading margins?

    3). Looking at the 'margin checker' for oil. I see int margin at 2800 and main at 2100. Now since, my account is in GBP, are those margins in GBP or USD?

    Sorry if they are newbie questions

    Thanks, EFW