Can I trade on margin with IBKR Lite?

For an IBKR Lite account the interest charged for a margin loan is calculated based on the Tier 1 IBKR Pro rate plus 1%.

Please Note…

Yes, IBKR Pro and IBKR Lite margin accounts are subject to the PDT rule even if you currently do not hold a margin loan.

You can find an Overview of Pattern Day Trading ("PDT") Rules on the IBKR website…

Margin is offered to IBKR Lite accounts with the same leverage that is afforded to Pro accounts, along with the ability to short stocks. The only difference is that margin loans in a IBKR Lite account may be subject to a borrowing rate that is higher than the rate offered to Pro accounts…

For more information on the interest charged for a margin loan for an IBKR Lite account, please review the webpage for Interest Charged on Margin Loans.

 Please Note…