IB - auto liquidate part of positions outside RTH even that would cause an increase in margin?
- Thread starter JKG77
- Start date
I have counter examples to disprove your theory. First of all Jason was a slick snake oil salesman who knew shite about trading and markets. He is out of his job now. On the other hand there was a previous IB rep called Dave and he really knew stuff and he was very honest, though not the most liked person here because he spoke things as they were without sugarcoating. I would not be surprised if he had moved on, dealing with some of the retarded folks here must be a real strain.
Indeed.
I'm developing the fanciful and counterintuitive theory - admittedly with, so far, only two examples supporting it - that there's actually an inverse proportionality between how good a broker is, overall, and how they represent themselves in trading forums.
I like and trust IB but undeniably they sometimes "present" here pretty badly.
On the other hand the FXCM representative, Jason, is outstandingly helpful and an asset to any forum (and we all know what they're like as a brokerage.)
THAT'S WHAT WE NEED! No sugarcoating, no fluff, no fuss, no muss. Just SAY IT LIKE IT IS!
*sighs*
Thanks - I didn't know that. Sorry to hear it, actually.
I know they're a horrible company, but he seemed helpful to people and didn't post BS like some broker representatives do.
Oh well ...
Jason Rogers
ET Sponsor
Hi Xela,
Quite the contrary. While FXCM has exited the US market, we still have over 130,000 active client accounts outside the US as of our February metrics release, and we will continue to provide the service and support our clients have come to expect.
Jason
This is why I avoid them. I hear horror stories about safe hedged positions being auto-liquidated via market orders etc.. And massive losses incurred. No way in hell am I going to put my hard earned capital at the mercy of some computer who decides to go bonkers and liquidate my positions for no reason, and at the worst fills possible.
Retail Tradeable accounts* of 106,206 as of January 31, 2017, an increase of 624, or 0.6% from December 31, 2016, and a decrease of 2,887, or 3%, from January 31, 2016.
*A Tradeable Account is an account with sufficient funds to place a trade in accordance with FXCM trading policies.
CTA Intel article I referenced in another thread mentions Jerry Parker is moving to IB. He's a big player, and wouldn't onboard if he thought IB were wobbly or lax.
Jerry Parker of Chesapeake Capital said they were in the process of moving from a bank FCM to Interactive Brokers for many reasons, including automated technology and cross-margining abilities.
Jerry Parker of Chesapeake Capital said they were in the process of moving from a bank FCM to Interactive Brokers for many reasons, including automated technology and cross-margining abilities.