Is Stock Market Open Jan 3

For those unaware, this is the gap in pricing between the buy and sell rate of your chosen asset. In some cases, this is calculated as a percentage. However, if you’re trading forex, the spread is displayed in ‘pips’. As we covered earlier, the likes of IG offer spreads of just 0.8 pips on major pairs, which is very competitive.

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However, IBKR offers competitive 2.6% margin rates for US traders on all loan sizes in the lower level of Interactive Brokers’ account types. For IBKR Pro account holders, margin rates begin at 1.6% before dropping incrementally to a low rate of 0.75% for loans over $1 million. Percentages also vary with base currency, with Interactive Brokers’ lowest margin rate sitting at 0.5% for IBKR Pro account holders using many of the major currencies. Full details of the margin rate variations are explained on the Interactive Brokers website, including some securities with special margin requirements.

While all brokerages allow customers to trade online these days (as opposed to phoning a trader on the floor of the stock exchange) some online stock trading platforms operate exclusively online, while others pair stock trading with traditional financial advisers who offer help and advice. When you sign up for an online stock trading platform, you typically invest via a mobile app or the brokerage’s secured website on a desktop computer.

ABN 98 166 929 568 is licensed and regulated by the Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Cboe Australia. Registered Office: Level 40, Grosvenor Place, 225 George Street, Sydney 2000, New South Wales, Australia. Website: www.interactivebrokers.com.au

One of the most important questions you should ask yourself before beginning to invest is why you’re doing it in the first place. Are you trading to build up a retirement account or do you simply expect it to become a hobby?