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Mark_888

Interactive Brokers and Buying Power

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Mark_888

I've been with IB for a little under a year, I'm day trading stocks in the US with an account over 25k so I'm past the PDT rule.  IB gives me 4x buying power but I've been wondering:  How do I get more buying power with IB?  Say I wanted 6x buying power, how would I do that with them?

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Martin D

The simple answer would be to ask them but it's not that simple on whether you could get more. 4 is default and I've never inquired about more as it makes me grow account at a sensible pace rather than go too big and blow up.

However, speaking in general terms. There's government regulation that limits the amount (where I am in Australia at least), there's also IB's risk parameters on the type of market, the customer etc this is why some people trade other markets (Futures, options etc) as they are naturally higher leverage and why those products are only recommended for experienced traders.

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