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so has Interactive Brokers and a few others.
by joncrane 6y ago
so has Interactive Brokers and a few others.
- kgwgk 6y agohttps://twitter.com/IBKR/status/1354792600004386818 https://twitter.com/IBKR/status/1354792600004386818 "long stock positions will require 100% margin"
- cameldrv 6y agoThis just means that you need cash or collateral to buy the shares, and they won't let you use leverage to buy it. This is very reasonable given the huge volatility on this stock. The price could very easily totally collapse, and IB would be left holding the bag if it's allowing margin purchases.
- zaltekk 6y agoThere seems to be a good bit of misinformation (or really just misunderstanding) where people have said that brokers are not allowing trades. While Robinhood really isn't allowing trades, many other brokers are just not letting you borrow money to make them. Interactive Brokers fits this bucket.
- joncrane 6y agoI just tried to buy AMC options and IB told me I'm still restricted to only closing positions related to that security. I have plenty of funds available.