Interactive brokers has actively started following the quarterly settlement process mandated by SEBI during the last few quarters. I do not keep any positions overnight and they say they are only allowed to keep 2.25 times of initial margin in the trading account on the day of settlement and rest is transferred to the bank. Due to this transfer back and forth between IB trading account and bank account, I lose 1-2 days of trading at the beginning of each quarter.
Are there any ways to avoid this quarterly settlement given that I do not want to keep any positions overnight?
Are there any ways to avoid this quarterly settlement given that I do not want to keep any positions overnight?
Avoid Quarterly settlement for Interactive Brokers
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