Interactive Brokers - is it that simple?

• 2 February 2020

• #1

K

KD2560

Joined

2 February 2020

Posts

10

Reactions

4

Ive apparently had my head in the sand for the past two years. I have an Aust margin lend account charging me 6ish%. Interactive brokers according to their web site will charge me 2.36%. Is it that easy to switch over - have i missed something ?

 

• 2 February 2020

• #2

tech/a

No Ordinary Duck

Joined

14 October 2004

Posts

20,511

Reactions

6,752

No margin on Australian domestic accounts

 

• 7 April 2020

• #3

K

KD2560

Joined

2 February 2020

Posts

10

Reactions

4

tech/a said:

No margin on Australian domestic accounts

Click to expand...

Company applicant with sole director being "sophisticated investor" approved for margin account in 8 days.
Now all I have to do is master this platform - a bit daunting - makes CMC look a little basic.

 

• 7 April 2020

• #4

cutz

Joined

10 August 2008

Posts

2,136

Reactions

315

Well done,

I'm sure you'll be extremely pleased with TWS.

Regards.

 

• 8 April 2020

• #5

tech/a

No Ordinary Duck

Joined

14 October 2004

Posts

20,511

Reactions

6,752

It’s a great platform
Still finding things I never knew it had
I must spend a few hrs going through their tutorials.

it’s powerful and what you need in this day and age

KD2560 said:

Company applicant with sole director being "sophisticated investor" approved for margin account in 8 days.
Now all I have to do is master this platform - a bit daunting - makes CMC look a little basic.

Click to expand...