I notice that the Interest Rates on equity purchased on margin is very low.
In fact, I am hard pressed to find anyone else who offers interest rates anywhere near what IB is offering.
Am I missing something? Are there other brokers out there who do compete at this level? If not, then why not? (Why would IB the only one who could offer interest rates at this level).
Note: I’m referring to holding equity positions on margin for a prolonged period (months+).
Thank you.