Interactive Brokers

gedward3

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Does anyone know what the minimum opening balance is with IB just so i can do some paper trading for a while. Ive tried looking on the website but cant seem to find the correct details.

Thanks in advance

Ged
 
gedward3 said:
Does anyone know what the minimum opening balance is with IB just so i can do some paper trading for a while. Ive tried looking on the website but cant seem to find the correct details.

Thanks in advance

Ged

Hi,

At the last check it was $5,000 USD.

I think it is $25,000 USD if you are planning to Day Trade.


Thanks

Damian
 
damianoakley said:
Hi,

At the last check it was $5,000 USD.

I think it is $25,000 USD if you are planning to Day Trade.


Thanks

Damian
Just a clarification:

Day trading shares (more than 3?? trades per day) requires a larger account size.
Day trading futures has no such limitation (and I suspect the same applies to forex).
 
Kiwi said:
Just a clarification:

Day trading shares (more than 3?? trades per day) requires a larger account size.
Day trading futures has no such limitation (and I suspect the same applies to forex).


http://www.interactivebrokers.com/en/trading/marginRequirements/patternDayTraders.php?ib_entity=llc

Pattern Day Trader: someone who effects 4 or more Day Trades within a 5 business day period. A trader who executes more than 4 day trades in this time is deemed to be exhibiting a ‘pattern’ of day trading and is thereafter subject to the PDT restrictions.

Graham
 
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