What is your margin interest rate?

http://www.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc#debit

https://www.ameritradeplus.com/plus/html/marketing/margin/mm_page.htm

looks like if you borrow 250k, you will get 6.293 on IB and 8.25 on Ameritrade. so a saving 2% or 5k a year. Big difference!

What does your broker charge?

 

6% at just2trade

 

10.5%

 

You trading with your Capital One card????

 

i pay 7% over 250k and 1m
pay 7.25% between 100k to 250k

 

Anyone know what Scottrade charges?

 

i think it is still higher than ib. you can pay around 5% on ib.

 

Scottrade, But I dont use margin so no worries.

 

Thanks for the ad for IB.

 

qll, just2trade's margin rate is "whatever rate is advertised in just2trade's website by default" or "your broker's margin rate"--whichever is lower. Therefore, it cannot be higher than IB's rate.