Unsettled Cash on IB accounts

Discussion in 'Retail Brokers' started by jzamoras, Jan 2, 2008.

  1. jzamoras

    jzamoras

    Can I do this with a cash account on IB?

    - starting cash balance is $0.
    - Day 1: Sell 100 XYZ for $1000 (settles Day 4). Cash balance $1000.
    - Day 2: Buy 100 ABC for $1000.

    Best Regards,
    Jaime B. Zamora
     
  2. jzamoras

    jzamoras

    As far as I know Reg T permits buy on settled cash once, but I'm no sure about IB.

    Best,
    Jaime
     
  3. Surdo

    Surdo

    If you have all of the answers, why are you asking.....
    Have you considered calleing your broker for an answer?

    Try Google'ing FREERIDING!
     
  4. jzamoras

    jzamoras

    I wasn't sure about IB, sorry to bother you. Thanks for your help.

    Best,
    Jaime