IB Ceases Margin Lending

[Toothyfish]

Hi,
IB is ceasing margin lending to it's Australian clients. Does anyone know why? Is it an Australian policy that has made this change or is it to do with the broker's operations?

 

[captain black]

Hi,
IB is ceasing margin lending to it's Australian clients. Does anyone know why? Is it an Australian policy that has made this change or is it to do with the broker's operations?

See the last few pages of the thread below:

https://www.aussiestockforums.com/forums/showthread.php?t=10838

 

[captain black]

Article in the SMH sums up the issue reasonably well:

http://www.smh.com.au/business/lice...-us-brokers-loans-dealing-20130827-2sobs.html

 

[Toothyfish]

Thanks for clearing it up