Every brokers would let you trade as soon as you wire the money into your account except IB. If you don't let people trade, just return the money. Pure and simple! Don't use "fine prints" to rip people off.
You are an IB employee, of course you have no guts to post anything here criticizing IB. FutureMann wants IB return the money and go to another broker. Do you understand?
FutureMann,
IB is notorious for holding customer funds. They held my money for over four months when I closed my account at the excuse of wiring difficulty, and held my Identity Token deposit fee for several years. They tried to make lots of interest from you to feed few IB crowns on this...
They are the same people from Velocity Futures. They are very sneaky and play trick on you. I wouldn't feel comfortable to put money with these kind of people. BTW, what kind of commission they charge you on NQ? just curious.
E-mini SP Overnight Initial is $5625, Overnight Maintenance is $4500. It seems to me that IB will liquidate your single ES postion if your account balance drops below $4500. While other brokers won't liquidate your position until your account balance drops to few hundred bucks.
I have a friend with 80K balance and minimum 2000 contracts/month on mini ES, Euro, oil, gold etc. if you are a future broker, please give me your best commission rate ( exclude NFA and exchange fees). Thanks!