IB Pattern Day Trader? - Aussie Stock Forums

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  1. #1

    Default IB Pattern Day Trader?

    I understand that a pattern day trader has to have 25k worth of equity in their account. Is this for Australian users of IB as well or just Americans??

  2. #2

    Default Re: IB Pattern Day Trader?

    $10k was the minimum when I opened an account.

  3. #3
    You are arguing with a Galah IFocus's Avatar
    Join Date
    Sep 2006

    Default Re: IB Pattern Day Trader?

    $10K to open an account and trade but if you day trade you will need $25K its on their web site

  4. #4

    Default Re: IB Pattern Day Trader?

    Pretty sure its the law in the U.S. to have that in the account. its obviously not here but IB might just have it as a general policy unless of course you need it there to trade U.S stocks.

  5. #5
    Can be found on the bid Trembling Hand's Avatar
    Join Date
    Jun 2007

    Default Re: IB Pattern Day Trader?

    Guys this is the deal.

    Min funds to open account $10,000 USD

    Min Funds to trade anything $2,000, below this your account doesn't work and is eventually closed by IB

    Minimum to day trade US based stocks for residents and foreigners is $25,000. This applies to US stocks only. Not FX, Futs, oppies etc.

    You can day trade any other market, for example ASX stocks, UK stocks, US futs, etc as long as you have $2000 USD in your account.
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