Most competitive margin broker?

[kharn83]

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

 

[StockyGuy]

Yes, I have similar question. Seemed silly to open another thread. But absence of replies made me think twice.

Anyway, I think for most here IB is the gold standard. Main issue is as an Aussie private person (not a company) I have no margin capability on it.

What is the next best that does a bit of everything like IB at low commission, but also has margin at competitive rate available?

 

[tech/a]

Have a look at Macquarie.

 

[freebird54]

After being with them for years am starting to run down my accounts.

 

[tech/a]

After being with them for years am starting to run down my accounts.

Why

 

[freebird54]

Many htings - see my and other posts in the other IB discussions