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- ua87_SPParticipant
Thanks for your suggestion Vangelis.
I am not a US citizen so no IRA account for me and IB does not provide margin account (any sort) to residents of Australia!, they say this is temporary and they have no other solutions as per the customer support so I guess I just have to reserve something like 20% of the funds in cash and hope that the partial rotations signals does not exceed my reserved cash otherwise I would have to wait at least 3 business day to execute the buy sides.
Fred
ua87_SPParticipantHi Frank,
I am an international investor who uses Interactive Broker and cannot use margin and as you may know there is T+3 delay in settlements, so when I am rebalancing following the rotation signals, the sell part of rebalancing trades are okay, however I will not be able to execute the buy part of the rebalancing trades due to the T+3 wait period meaning I would have to wait at least 3 business days for the funds from the sell transactions to clear. This will puts parts the rebalancing trades by at least 3 days (some times even 4 days), is this okay?
Is there a solution to this? How would you guys (yourself and your partners) overcome this T+3 settlement delay which I believe is forced by all other brokers too unless you are using margin or keep like 50% of the funds in cash to be able to execute both sell and buy side together at the same time/day.
Thanks,
Fred - AuthorPosts