Originally Posted by
Big E 757
I never used IBKR Pro, but I did use IB for trading years ago. I didn’t like the platform. I’m much happier at Tradestation.
My Tradestation account is finally open. I'll look around the platform for a few days while I'm waiting on the ACH funds to clear for trading. That will give me a few days to learn the platform in a paper account. Ultimately it will be an active trading account for discretionary funds.
IBKR Pro is still appealing for a longer term margin account that holds dividend stocks. In theory the dividends pay a nice return above the margin interest. An initial margin of 1.75 : 1 gives enough cushion for a 35% drop before hitting the maintenance limit. Over time, the dividend payout will reduce the margin balance providing even more cushion. This would juice the returns without making a long term capital commitment in real estate.
Traders and Side Hustlers, please fire away with torpedoes from either opinion or experience...