Did Jesse Livermore use Interactive Brokers?
- Thread starter jackstone54
- Start date
Not so stupid, since it was a stupid OP in the first case...
IB is a superb broker. Half the people here use IB
perhaps but, IB offers:
the ability to trade many different instruments in many different countries from a single account
better security than mom & pop brokers. I think the security token is an excellent idea
the size in case something bad happens. although some complain, I LIKE that IB sometimes stops daytrading margins. I worry about brokers that offer $300 emini margin - what happens if a worldwide disaster hits and your broker goes under? No trading for 6 months a la Refco, where they freeze your account while govt authorities pick through the details
etc.
That is a "guarantee" - below But the onus is probably up to the user to prove he did not do the wire, and I suspect it may be a difficult thing to prove.
And Ameritrade does not do Futures or Forex, so...
"Asset Protection Guarantee
If you lose cash or securities from your account due to unauthorized activity, we'll reimburse you for the cash or shares of securities you lost. We're promising you this protection, which adds to the provisions that already govern your account, in case unauthorized activity ever occurs and we determine it was through no fault of your own.
We can guarantee this if you work with us in three ways:
Keep your account information secure and confidential--don't share it, because sharing your UserID, password, PIN, or account number with other people means you authorize them to take action in your account.
Frequently check your account and report any suspicious or unauthorized activity to us immediately.
Take the steps we request if your account is ever compromised and cooperate with our investigation. If you help us protect you in these basic ways, we'll promise no fine print and no footnotes... just our commitment to protect the assets you entrust to us. "
