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Ask Advantage to match the RCG rate and they probably will.

True. The asset transfer method would probably work fine in most cases but there are just a lot more moving parts to it and potential for error. Most of the time it is going to work ok. If you want to do it between those two particular brokerages, and do not mind being locked out of...

I have heard of position transfers taking weeks and also getting all messed up.

Personally I always liquidate to cash first and then do wire transfer. I think asset transfers can take much longer and you could get in the middle of an asset transfer unable to get out of a position when you wanted to. Mixups can occur also. Also some brokers will charge a fee for asset...

Right. Of course the CFTC forced many U.S. forex traders who were using safe fully segregated London forex brokers to switch to U.S. brokers where there is either no segregation (many U.S. forex brokers) or inadequate segregation (MF Global).

Thanks - by the way they seem to be offering a bit lower rate than that at http://www.pfgbest.com/worldcup/ Did you try negotiating hard?

You mentioned commissions at PFG Best are high. What other problems are there?

I was thinking of opening a futures account with PFG so if you could mention what the problems are I would appreciate it.

In other words you want to trade futures options (on equity index futures) in a portfolio margin stock account? I am not sure that any broker allows that. There is a proposal to allow it, but I do not think it has been approved yet. I agree that it should be approved. At IB, you can...

I think he is joking/ being sarcastic......

See http://www.finextra.com/news/fullstory.aspx?newsitemid=21049 "TT has numerous lawsuits against brokerages and other vendors over patents related to its MD Trader product, the order-entry screen incorporated in its X_Trader software. " Besides those mentioned on the article, a...

I took IB-AN's response earlier to say that the ability to sweep fully would be restored within the next couple of weeks as a user option. Maybe what they are really saying here is "Choose the option of sweeping if you want, but it won't be the default any more and it is uncertain if it will...

Hmm that's interesting - there may be a contradiction there unless as you say there is an interpretation that the transactions are with IBM LLC, not IB Canada.

Yes it looks as if customers with money in U.K. MF Global operations will have to wait several months for anything. The U.K. bankruptcy trustee seized all money in the U.K. and is being slow in distributing anything. This includes MF Global U.S. customers trading on European exchanges. So...

I think IB said that clients of its subsidiaries are also clients of IB LLC because the subsidiaries clear their accounts at IB LLC. By the way, I am thinking that this may make it very attractive to incorporate a trading company abroad and open an account at an IB subsidiary. That way...

Software developers rarely if ever meet target dates, which are just estimates. Just like building contractors. It is not a capital offence. Management would never approve a formal date committment. Dates are subject to factors beyond their control such as changing management priorities...

The banking with Harris was not where the problem lay. The banking with JP Morgan was where the issues arose.

It may not help because it was reported that in the MF Global case that the trustee was applying the haircut even to tbills held in customer name!

Universal accounts are just a client reporting presentation layer on top of two underlying real accounts, Securities and Futures. You can see the underlying real accounts in the Account Window.

The cost of a national insurance program for all futures accounts would appear to be modest. Such insurance is provided in Canada (up to 1 million dollars). As far as I know, Interactive Brokers fees there are the same as in the U.S., indicating the cost of business there is about the same...