interest charged on negative cash balances, IB and TW

Discussion in 'Retail Brokers' started by Sophie, Apr 22, 2020.

  1. Sounds spot on to me. You post obviously incorrect information, then when someone calls you out you claim to be correct and create an quarrel. Then you bring it up again in other threads and say that you "schooled" them, and "still licking your wounds" (basically "u mad bro" kind of stuff) that can't have any other purpose than provoking. If you aren't trolling intentionally, then be more careful that you don't do it unintentionally because it's indistinguishable from outside of your head.
     
    #11     Apr 24, 2020
  2. l'm in a similar situation, -40,726K cash deposit, net liq = +16K, and MTD, month to date interest, was -24.69 yesterday. today it is -29.97, thats an increase of $5.28. l calculate the rate being 4.73% per year. are my calculations correct: 5.28/40726x100 = 0.013% per day. so per year it'd be 365 x 0.013% = 4.73% which is more than double the rate, 1.55% charge shown on https://www.interactivebrokers.co.uk/en/index.php?f=1595
    being double charged?
     
    #12     May 19, 2020
  3. Sig

    Sig

    This guy has gone through about 10 different usernames here on ET over the space of years, and eventually is either banned or ignored by so many people that he is no longer able to get his jollies off of trolling and has to start fresh with a new username. He's truly pathetic. Best to just block him or talk about him but not actually to him. That infuriates trolls, as you'll see by his response to this in 3, 2, 1....
     
    #13     May 20, 2020