sikshady

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Jul 31st, 2018
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  1. ChatSys: This chat is associated with ticket #875895. Please record this number for use in future inquiries. You are currently in room 'General Assistance'.
  2.  
  3. sik: Is it possible with a Margin account to operate exactly as with a Cash account?
  4.  
  5. Krishnavanshi G: Hello, this is 'Krishnavanshi G'. Please allow me a moment to read the question you submitted to iBot and I'll respond to you shortly.
  6.  
  7. Yes you are correct
  8.  
  9. sik: If I don't want to operate with margins, what should I do differently when making for instance a stock order?
  10.  
  11. Yesterday I was making some test with the paper account and got these https://i.imgur.com/5xjf4A8.png
  12.  
  13. Krishnavanshi G: Make sure you have entire cash balance for the stock order you are looking to trade
  14.  
  15. So it does not use your margin
  16.  
  17. sik: ok, in that way my account would behave exactly as a Cash one?
  18.  
  19. Krishnavanshi G: In that manner you can use your margin account as a cash account
  20.  
  21. Exactly
  22.  
  23. sik: How dows SIPC protection differs between a Cash and Margin account?
  24.  
  25. Krishnavanshi G: No they are treated as same
  26.  
  27. sik: Is there any reference page you can point me to in this context?
  28.  
  29. Krishnavanshi G: One moment
  30.  
  31. http://ibkb.ibg:2009/node/1968
  32.  
  33. sik: I can't load it, can you verify it works for you?
  34.  
  35. Krishnavanshi G: Yes sir
  36.  
  37. sik: I verified and also a friend can't load it. I googled part of the URL and find this https://ibkr.info/node/1968
  38.  
  39. is it the same?
  40.  
  41. Krishnavanshi G: No problem
  42.  
  43. Goto our Website http://www.interactivebrokers.com
  44.  
  45. and search for SIPC in the search tool bar
  46.  
  47. sik: OK thanks. In case I still want to switch back to a Cash you account you confirm the best option is to create a new account linked to my former margin one, and then delete the margin one?
  48.  
  49. Krishnavanshi G: Yes you are correct
  50.  
  51. sik: ok thanks a lot
  52.  
  53. have a nice day
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