Picked Interactive Brokers over Charles Schwab and now I'm dealing with margin confusion

I had to choose between Interactive Brokers and Schwab for a margin account after my old broker raised fees to $15 a trade. Went with Interactive Brokers for the lower rates but their platform is way more complex than I expected and I accidentally triggered a margin call on a $2,000 position. Has anyone else jumped to a discount broker and regretted not sticking with a simpler setup?

2 comments

2 Comments

rowanjenkins22d ago

Margin rates are cheap but TWS makes Schwab look like a children's coloring book.

charles_kim22d ago

Still trying to figure out how to set a stop loss on TWS myself.