if assets > 100k... $10/month waived...

I need spending money...

profit margins, fx exposure, etc. no catch.

tw used to be always worse...lol

not free

spend < cash balance == "cash account"

flag n lock for 90 days iirc

pdt rule doesn't apply to cash account... also you can't rollover the same cash fast enough > 3x within 5-day period

I was thinking all in...with t+2 won't roll fast enough... I guess I was wrong you got me there... lol

your example mean left only $1003 for next 3 days

I read many places cash account no pdt rules...

This post has been edited by dwRK: Jul 29 2020, 12:21 AM

finra says it's prohibited... then it goes on to says you CAN day trade provided you don't violate the free riding rule... lol

I read tdameritrade will let you day trade with cash account as long as with settled cash...dunno about ibkr, probably flag you to cover their arse...lol

best to check with them

This post has been edited by dwRK: Jul 31 2020, 12:28 AM

margin account sure kena...

if I have $10k in cash account ...and each trade $1k...I "should" be allowed to daytrade 10x since its all my cash... but t+2 means I can't daytrade again until the 4th day when my cash is settled again.

main purpose of pdt is to restrict ppl with $500 margin account from making unlimited $1k trades...which is what all punters wants...

from finra..."Summary of the Day-Trading Margin Requirements - The rules adopt the term "pattern day trader," which includes any margin customer that day trades (buys then sells or sells short then buys the same security on the same day) four or more times in five business days, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period." ... the rule is all about specifying margin requirements of $25k and the mechanics of determining who to apply... hence the interpretation that it doesn't applying to cash account since it doesn't use margin

t
T+2... very normal

margin account be careful of PDT...later get ban 90 days...

no...need to pay for real time

it depends on the exchanges you buy from

frozen for review

top-up = buy...so just diy lor

to get ibkr to buy for you = broker-assisted trade, fees from $100 up... in this case they don't have trade desk for sg so no go I think even if you have money to burn...lol

their normal sop is no 3rd party $ xfers... but no, you all insist keep using transferwise, instarem, bigpay, etc...

lucky don't get banned and reported to FBI... lol

you can send usd directly to sg bank...if account is multi currency, it's kept as usd... if not, bank will auto convert to sgd at their expensive fx rate

yes some mc accounts chekai one...to send foreign currency must do over counter...and some like you say can only xfer within same bank