RegT is typically for small accounts (<100k). Customers who are currently approved for options trading and who maintain an account minimum of USD 110,000 are eligible to apply for an account upgrade to Portfolio Margin. http://bit.ly/1PT8rnH

More margin details from IB http://bit.ly/1lT1smn

@TraderH Thanks a lot.

Thank for the insight.

@ForFreedom22 Glad to help!

@ForFreedom22 So far I love the charting, all the features and how there fully customizables, negatives I've had so far is just that they didn't allow trading on this one stock, which doesn't matter but it was my first day trading so I was a bit upset. Overall amazing and would recommend it to anyone. fast none wiring and great customer service

@BowlesTrader5 thanks a lot. Yea I've heard good things about both Etrade and IB so I guess I can't really go wrong. Might try to experiment with both eventually.

@ForFreedom22 Yes, plus if you go both you will get the extra day trades

If you can do both the only reason why I would lean towards opening up IB now is the $3000 under 25 you can always open etrade later even if you don't trade just open the account with IB