Alternative to IB

Gueco said:
that means the capital would be segregated into two accounts, right? so if there is a margin call in one account the capital on the other account is to be ignored
More...

ALL Futures account in the US regulated by NFA/CFTC are traded in a segregated account, Some brokers are are to hide that behind the account#, we can't. With us the two accounts are independent so a margin call in one does not affect the other.
 
I had an interesting chat today with a senior Wedbush exec re the post-merger roadmap. Out of respect for rmorse I won't say anything further.
 
May I ask what the benefits of universal account is? I have it with thinkorswim. I asked the rep how do I control the amount of leverage for futures and he said I can't - it will use my combined account's equity. I didn't like that. I would rather get a margin call and decide if I want to close position or transfer funds. Maybe it's just psychological.
 
truetype said:
Wtf
More...
Care to elaborate? Maybe I misunderstood something. Basically let's say I open separate futures account with $25,000 and ES margin is $2,500. If I buy 10 contracts and it goes down they mark to market and I must deposit more money or they liquidate me, right. Well I have stocks and mutual funds in that single account, so my understanding is that this would not cause margin call since I have enough money. He also told me I could not set risk parameters like max number of contracts etc. Am I way off?
 
You must log in or register to reply here.
Back
Top