Interactive Brokers - is it that simple?

[KD2560]

Ive apparently had my head in the sand for the past two years. I have an Aust margin lend account charging me 6ish%. Interactive brokers according to their web site will charge me 2.36%. Is it that easy to switch over - have i missed something ?

 

[tech/a]

No margin on Australian domestic accounts

 

[KD2560]

No margin on Australian domestic accounts

Company applicant with sole director being "sophisticated investor" approved for margin account in 8 days.
Now all I have to do is master this platform - a bit daunting - makes CMC look a little basic.

 

[cutz]

Well done,

I'm sure you'll be extremely pleased with TWS.

Regards.

 

[tech/a]

It’s a great platform
Still finding things I never knew it had
I must spend a few hrs going through their tutorials.

it’s powerful and what you need in this day and age

Company applicant with sole director being "sophisticated investor" approved for margin account in 8 days.
Now all I have to do is master this platform - a bit daunting - makes CMC look a little basic.