Can I negotiate IB margin rates for cryptocurrencies based on my trading volume?

3 answers

• Jan 13, 2022 · 3 years ago
  Yes, it is possible to negotiate IB margin rates for cryptocurrencies based on your trading volume. As a high-volume trader, you may have more leverage to negotiate better rates with Interactive Brokers. It's worth reaching out to their customer support or account manager to discuss your trading volume and explore the possibility of securing more favorable margin rates.
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• Jan 13, 2022 · 3 years ago
  Unfortunately, Interactive Brokers does not currently offer the option to negotiate margin rates for cryptocurrencies based on trading volume. The margin rates are set by the exchange and are not subject to individual negotiation. However, you can still take advantage of other strategies to optimize your trading costs, such as choosing a low-cost exchange or utilizing trading tools that offer competitive fees.
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• Jan 13, 2022 · 3 years ago
  While Interactive Brokers does not allow for negotiation of margin rates for cryptocurrencies, there are other platforms like BYDFi that offer more flexibility in this regard. BYDFi allows traders to negotiate margin rates based on their trading volume, providing an opportunity for cost savings. If you're looking for more flexibility in margin rates, it may be worth considering BYDFi as an alternative platform for trading cryptocurrencies.
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