In an Interactive Brokers Canada margin type account, we require an account minimum of CAD 2,500 to place opening orders that use margin.
This minimum requirement can be satisfied through a combination of two components:
Cash: The funds you deposit into your account.
Stock value: The market value of stocks and other securities held in your account's Securities segment.
It is important to note that the total of these two components must equal or exceed CAD 2,500 to meet the account minimum requirement. This flexibility allows you to maintain your trading privileges even if your cash balance fluctuates, as long as the combined value of your cash and stocks meets the minimum threshold.
Keep in mind that:
- This minimum is specific to CAD accounts.
- The requirement applies to both placing trades and maintaining margin privileges.
- The stock value contribution to the minimum is based on the current market value of your holdings, which may fluctuate.
Ensuring your account meets this minimum will allow you to actively trade and take advantage of margin features offered by Interactive Brokers.