someone closes their positions eod, then it would be all cash? SIPC doesnt cover that?
what determines if your acct with IB is a futures acct(making it ineligible for SIPC coverage) when you're allowed to trade futures, stocks, currency, etc?
Should someone with a $100K+ cash acct use a secondary broker?
seeing that SIPC only covers up to $100K for cash accts(futures), what are some good ideas for secondary brokers?
Thanks in advance.
if its an exchange minimum, then why are other brokers significantly less than those amounts listed?
if its the minimum required by CME, then ES should also be $6188 by all brokers?
i've only been trying out ES & YM since ER2 is out.
not sure when the last margin increase was, but i just noticed its now:
YM $6875 initial $5500 overnight
ES $6188 initial $4950 overnight
NQ $4000 initial $3200 overnight
bizarre how NQ havent gone up much, while YM has gone up ~3x. YM margin was also less than ES until recently...