What is meant by Equity with Loan Value?

Equity with Loan Value, or ELV, represents the account value used to determine whether the client has sufficient equity to open or maintain securities positions. For the securities segment of a Universal Account, IBKR generally calculates ELV as: cash + stock value + bond value + mutual fund value + European and Asian options value. This calculation excludes the market value of U.S. securities options, futures options, and cash held in the futures/commodities segment. Actual values should always be checked directly in the Account Window of TWS or in Client Portal, as margin values may vary by segment, account type, and product.

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