Wes Smith![]() Veteran ![]() ![]() ![]() ![]() Posts: 199 Joined: 10/11/2012 Location: Ontario,Canada ![]() | The original purpose of 2x/3x was to increase leverage. Seems like the 2009 rules remove that advantage. I remember reading about this rule. It was supposed to help settle down the big market moves that were blamed on large players tripling their influence (my oversimplified view) I did some tests on my IB account and it doesn't look like IB enforces these margin rules. For example.. I made an order for SSO 100 shares at a $20 limit. Then I use the IB Check Margin tool for the order and it showed it as $2000. Didn't reflect the margin. So it looks like I could buy $100K of SSO in an $100K account? Or do the margin call rules come into affect at EOD or other reconciliation time? I will ask IB and report back here. Wes |