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Trading Configuration

Account Types - IBLLC Portfolio Margin Account

An IBLLC Portfolio Margin account allows borrowing to support:

  • Equities trading
  • Shorting of equities
  • Full options trading
  • Currency conversions
  • Securities/commodities trading in multiple currency denominations

Margin requirements use a risk-based calculation methodology and are generally lower than margin requirements in a Reg T margin account.

Stocks/Warrants/ETFs

Margin is based on the largest potential loss found by valuing the portfolio over a range of underlying prices and volatilities on a real-time basis. Immediate position liquidation will occur if the minimum maintenance margin requirement is not met. Purchase and sale proceeds are immediately recognized. US securities regulations require at least USD 100,000 (or USD equivalent) for this account. Accounts with IBPrime services require a minimum of USD 1,000,000 (or USD equivalent). If account equity falls below the Portfolio Margin requirements, the account will be restricted to margin-reducing trades only.


Options

Margin is based on the largest potential loss found by valuing the portfolio over a range of underlying prices and volatilities on a real-time basis. Immediate position liquidation will occur if the minimum maintenance margin requirement is not met. Purchase and sale proceeds are immediately recognized. US securities regulations require at least USD 100,000 (or USD equivalent) for this account. Accounts with IBPrime services require a minimum of USD 1,000,000 (or USD equivalent). If account equity falls below the Portfolio Margin requirements, the account will be restricted to margin-reducing trades only.


Futures and Futures Options

Margin is determined on a real-time basis with immediate position liquidation if the minimum margin requirement is not met. Only cash may be used to meet variation margin requirements. Special 50% of variation margin benefits are made available during the day on some futures exchanges. Non-US futures options are available to US legal resident customers. You must have futures trading permissions in order to have options on futures trading permissions.


Forex

Borrowing in one currency to purchase another currency is allowed, but margin haircuts will be applied on a real-time basis. Margin accounts automatically get Forex trading permissions in order to effect trading of products denominated in multiple currencies.

Bonds

Borrowing to support bond trading. Margin requirements are computed on a real-time basis, with immediate position liquidation if the minimum maintenance margin is not met. Purchase and sale proceeds are immediately recognized. Shorting of bonds is not allowed.


Mutual Funds

Margin is based on the largest potential loss found by valuing the portfolio over a range of underlying prices and volatilities on a real-time basis. Immediate position liquidation will occur if the minimum maintenance margin requirement is not met. Purchase and sale proceeds are immediately recognized. US securities regulations require at least USD 100,000 (or USD equivalent) for this account. Accounts with IBPrime services require a minimum of USD 1,000,000 (or USD equivalent). If account equity falls below the Portfolio Margin requirements, the account will be restricted to margin-reducing trades only.


Single Stock Futures

Purchase and sale of stocks, exchange traded funds and narrow based index futures contracts on margin. Margin is determined on a real-time basis with immediate position liquidation if the minimum margin requirement is not met. In the US, SSFs may be cross margined with stocks and options (IRA accounts can only cross margin SSFs, not stocks and options).


Single Stock Futures (SSFs)

Margin is based on the largest potential loss found by valuing the portfolio over a range of underlying prices and volatilities on a real-time basis. Immediate position liquidation will occur if the minimum maintenance margin requirement is not met. Purchase and sale proceeds are immediately recognized. US securities regulations require at least USD 100,000 (or USD equivalent) for this account. Accounts with IBPrime services require a minimum of USD 1,000,000 (or USD equivalent). If account equity falls below the Portfolio Margin requirements, the account will be restricted to margin-reducing trades only.

To compare the characteristics of a Portfolio margin account with those of Reg T Margin and Cash accounts, see the Account Types comparison table.