Never trade without a backup broker....what would you do if you were stuck in a position watching the market move against you and blow up your account?
I use tradestation's pit account to trade KCBT, MGX (Minn Wheat) and ICE Canada (Canola -- this is the old Winnipeg Commodity Exchange) No API like IB but they have all the contracts. Tradestation uses the RJOVantage which is whitebranded for TS.
The commissions/fees are a totally different issue than your taxes. Don't confuse the two.
Regarding taxes, look into either electing MTM for this year or next (check out http://greencompany.com or trader's accounting for info on this).
Regarding fees you need to decide which model...
Just got a call from Nigel @ IB, he followed up a second time and traced the problem, it should be fixed soon.
Def, no need to steal chimps away from E-Trade, let their customers enjoy the chimp goodness. :D :D
SSB
Def,
It was not meant as an insult, just a joke. That said, if you guys are using a monkey that is the problem, you need to use a chimp like your competitors :D :D
The ICE document theoretically could explain Sugar/Cocoa problems but I'm not seeing issues with sugar but only Cotton and...
Now that cotton is back open it seems like they didn't update the price to yesterday's settlement price at all ... what is this a bucket shop where everything is hand-edited?
Say it ain't so IB!!!! :confused: :confused: :confused:
Around 4:15 PM today (EST) I noticed my account valuation was off by several thousand dollars, which I eventually traced to the valuation of my cotton and euro gas oil futures being priced at the previous day's settlement prices. Thankfully this didn't cause any margin problems, but what if it...
Is he a politician? Even if he's 100% correct, where is his solution? Politicians sit there all day long and say the other guy's ideas won't work ... but what are their ideas? What does this bozo think we should do? Bueller, bueller, bueller?
I trade plenty of grains without paying any attention to USDA or any other fundamentals. It can be done.
That said I can't figure out why I keep wiping out my trading account.....:D :D :D
Time for a feature request?
Another option (since I assume they don't want to use credit cards for payment) is that they could auto-pay it via ACH if you linked a bank account. Since they have your account there anyway if there was a problem with the bank ACH they could always hit your IRA...