After experimenting with paper trading via Interactive Brokers, I've decided I want to go live with one of my algorithms. I'm in Europe, so my only options is IB, because Robin Hood is not available here. Anyway, after looking around the IB website, I realised all the plans and commissions are written in such a cumbersome manner that I'm not sure I understand it.
My algo has the following requirements:
- possibility of opening both long and short position
- possibility of closing a position the next day or in the same week (this can happen in the algorithm, but it doesn't necessarily happen every time)
What I didn't get from looking on the IB website is:
- What account or plan do I need to open that satisfies these two important requirements? (without getting warnings from SEC or I don't know)
- What are the commissions involved if I open 1 short position for a given stock? (commision + interest rate + any other commisions)
If you have any tips for the account type, I would gladly take them. Or any other tips for that matter related to live trading with IB.