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Your comments cause me some additional concern. Thanks for the info. Their website is not terribly clear. So the maintenance you mention is that for overnight or day trading? In general: How do margins work for day trading, for example a micro YM future. I am assuming I would need at least $990...

They were known as IRA Services Trust, have been bought out and I don't know the name of the new owner, but it was not one of the big ones like Midland or Millennium, etc. Why are you considering moving from IB, is it solely due to the margin required? From what I have been able to find, you...

I am aware of Interactive Brokers and TD which do not require a custodian for a futures enabled IRA. I have investigated both and each has certain strictures I would prefer not to have, but am keeping them in mind. Does anybody here know of any other futures brokers which allow trading in an IRA...

An interesting thread. Looking over the Interactive Brokers site, it is unclear to me if they still offer direct trading of futures in a Roth IRA, without an outside custodian. Does anybody know if that is still the case? Also, what is their minimum opening balance requirement for such. It can...

The link you posted was for Clearing Firms, not FCMs. Here is a link showing FCM from the regulator of futures markets. AMP is indeed an FCM and you can compare the financial size of the various FCM as well, a very useful link...

In my experience, a 2-3 tick spread is the usual for micro Loonie during RTH, wider just before key Canadian econ reports. It is a viable instrument, quite often being similar in volume to the micro Yen. Especially useful for swing and longer term trades

Some pundits on various sites keep talking about the inevitable inflation. Prices on commercial real estate are falling, same with cars new and used, etc. Where will the inflation be? Pundits, it is already here, in the form of radically higher stock prices than in March! All that money being...

With regards to the original post and reserve requirements, etc. The main thing I have learned from studying history for decades, is that most humans never learn much of anything from history ...

I have been trading since 95, and over a decade in futures with zero margin calls. Used a variety of brokers in both stocks and futures with no bad experiences, until I dealt with AMP compliance. With similar refusal for followup communications. It was the most bizarre "customer service" I have...

They will have to pry my gold ingots out of my cold, dead hands. Not a gold bug per se, but perhaps a lot of ancestors from New Hampshire ...

Well at least this time an early warning is going out from somewhere that might get some attention! Brokers “should prepare for the potential that certain contracts may experience significant price volatility and, possibly, negative pricing,” the CFTC said...

Usually in unprecedented situations in life, the learning curve is pretty steep for most individuals and groups. Little experience and context to draw upon, even for professionals. Some get annihilated. Extreme examples of risk management on the fly are 9/11 and the hospital meltdowns in parts...

Desperate people rarely do well at trading, it just adds to the psychological pressures of the game. I well remember the 90's when I was day trading stocks. Only a "fortunate" relative few with at least 25 K capital can now even day trade stocks, and quite a few are drawn to Covid 19 headliners...

Look into Infinity Futures, whose FCM is Transact. Great companies and no problem trading CL, or you could go with QM too. Day trade margin is reasonable as well.

Rabobank has put together a special report on The Oil Whale available for download: The recent and erratic moves in oil prices have highlighted the growing influence and significant impact passive funds can have on commodity and financial markets  The rise of commodity ETFs over the past...

I agree that in some cases it can be quite difficult. One of my sisters was an internal auditor for a large university for years, and she had plenty of stories. Sometimes there are clues, but one has to be a good detective, or maybe even some inside information about character issues, etc. Lets...

In terms of FCMs, I am now with Advantage and Transact. We all have our different priorities. With AMP their tech support was fine, but I found other aspects of customer service/contactability inadequate to my standards and needs. From now on I will stick to introducing brokers who provide a...

Here is another story behind the story via Shah Gilani, who has seen just about everything over the decades: The real question then should be who were those speculators in USO? There were plenty of U.S. investors speculating on the price of oil by buying USO. How many we don’t know. What we...

An interesting question. Getting rid of bad apples in the barrel has made it safer. Good riddance to poor risk managers and/or crooks! On the other hand, monopolies can be hazardous, if a huge firm like ABN-Amro were to go down it would be catastrophic. Hopefully they have gotten that large by...

Being proactive was indeed wise, great move on your part! Many traders don't even look at the underlying financials of the firms they are trusting their lives with so to speak. Note that Deutsche Bank is a clearing firm, to me that is a bit scary! When I got a new futures account with a clearing...