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Most competitive margin broker?

Discussion in 'Brokers' started by kharn83, Feb 6, 2019.

  1. kharn83

    kharn83

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    Jan 11, 2019
    Hi All,

    It appears many of us have been stung by IB's migration from IB US LLC to IB Australia and the associated loss of margin trading for non wholesale investors.

    As a key part of my strategy is to trade on margin, e.g. 1 : 1.6 leverage, I was curious to see which brokers offer the most competitive margin rates.

    From what I've seen the most competitive banks tend to offer 6.5% or so, but I'm curious if there are other brokers or lending arrangements that can offer lower rates? e.g. anything closer to that offered by IB?

    I'm sure its a question many are curious to the answer to as well!

    Cheers
     
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