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Well, I agree, probably prefer Dubai for half the year. Shorter flight back and forth from Europe. Nice gyms. Nightlife? Nice temperature during the winter. Zero tax and I will be able to supplement my IB account with Schwab.

I assume you can spend half the year somewhere else. The article does not mention anything about taxes. I assume no or low tax, which is the primary motivation. If not, of course I would not want to do it. But yes, it is way too far from family and friends, so as usual it will only be a dream.

"Interested applicants should note that an annual income of $70,000 or higher is required. Additionally, they should either be employed by and have a contract with a foreign employer, be a partner or shareholder with one that they are doing business activity for or be a freelancer or consultant...

He is at around USD 40 million now according to WSJ. Have you seen somewhere what the value of his initial investment was? I believe I saw a screen shot of positions worth around 56,000 USD, but I am not sure.

But how is that different from what e.g. Citron Research has done for a couple decades? I think he will be ok. After all he made a detailed investment case more than a year before and made a monthly update tracking his position. That is perfectly fine. However, others who have argued to buy the...

It takes a few days for your application to be approved by Interactive Brokers. On which parameters do you consider Lightspeed to be superior to Interactive Brokers justifying months of waiting for account approval?

I think the people behind /r/wallstreetbets will get very unpopular when it is all over, so it will be a short-lived revolution.

I have been moved to IBIE. I have lost this: "The Insured Bank Deposit Sweep Program allows eligible IB clients to obtain up to $2,500,000 ($5,000,000 for joint accounts) of FDIC insurance in addition to existing $250,000 SIPC coverage for total coverage of $2,750,000 ($5,250,000 for joint...

Did they move you to IBCE or IBIE?

Your name.

Yes.

Strange I can withdraw in other currencies. Have not tried to deposit. Do you have a personal og corporate account at IB and Revolut?

I believe the names should match, yes. But I do not think Revolut operates as a bank - at least not yet. Revolut does hold a banking license, and I think their intention is to operate as a bank, but it is my understanding that they are not there yet.

I know that you can transfer funds from IB to Revolut. Does anyone know whether you can deposit funds from Revolut to IB? I asked IB but the answer was a bit vague.

I think there is a distinction between clients and brokers in the US og and clients and brokers outside the US. The likelihood of these transfers being allowed is much higher for US brokers serving US clients.

Nope. I think Schwab allows that, but my impression is that most do not. It is not IB's fault. The problem is stricter regulation and bigger fines. IB just settled a suit before this change. It is my impression that IB had done nothing wrong other than allocating pro rata less to KYI and AML...

Nope https://ibkr.info/article/3475

The lawsuit in itself is a testament that traders should use the D-limit order type. Does IB offer access to the D-limit order type?

https://www.nytimes.com/2019/05/03/business/central-counterparties-financial-meltdown.html

I consider a hit rate of 55% (same position size) over many years as consistent. A hit rate of 4/5 is extremely high.