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IB is going to start charging a daily exposure fee
- Thread starter fbell50
- Start date
It serves IB and it's more prudent customers. Which part you don't get? You play your risk arb game then pay for it. Simple as that.
I figured they did that. My point is that if they don't want naked sellers, don't allow them. This weird grey area doesn't serve anybody and the new margin rule is overbroad. Can't treat naked option sellers the same as long futures holders. The risk of "catastrophic losses" are just too different. Anyway...I just hate IB and any other bastard that beats his wife. That's all.
I do not get why traders use this firm. Most of you trade US and European exchanges. If you aren't scalping Zambian index futures, why the fuck are you letting IB diddle your bum? Software problems...draconian risk management...apathetic customer service...did I miss anything?
true but 1% margin and low commission makes up for their short falls i think
I do not get why traders use this firm. Most of you trade US and European exchanges. If you aren't scalping Zambian index futures, why the fuck are you letting IB diddle your bum? Software problems...draconian risk management...apathetic customer service...did I miss anything?
Agree. IB is not recommended for active prop traders. There are many better alternatives.
I do not get why traders use this firm. Most of you trade US and European exchanges. If you aren't scalping Zambian index futures, why the fuck are you letting IB diddle your bum? Software problems...draconian risk management...apathetic customer service...did I miss anything?
OK, I'll bite, which broker in your opinion is better than IB for a large retail account on euro stocks and CFDs ? I hold positions overnight btw, so care very much about the financing rates
I agree with D08 IB is rather friendly and convenient to overseas customers, not so much with Volpunter about the eurchf debacle as TWS first rejected my orders than froze several times, it looked to me that although i'd have suffered large losses that day with a functionning Platform, I could have saved around 150k ( total losses that day were several times that amount still).
I’ve created a hypothetical portfolio of (just) 15 long ES futures in an account, it takes up approximately $72,000 in maintenance margin. So if you just held this position, at 58% excess liquidity you’re net liquidation value (NLV) stands to be around $170,000.
Based on how equity has been (has been might no longer be valid) with the exposure fee, it takes the -30% and +20% and determines what your NLV would be should this occur.
Now, in the scenario of -30% the 15 ES futures would create a loss of approximately $430,192 which applied to your account, presently at approximately $170,000 would create a real dollar shortfall (or what IB calls exposure) of $260,192.
Thanks for the explanation, but I cannot see how this would cause an exposure fee in my case. You would need to write my long positions down to zero and my short positions up 67% to match the exposure IB quotes (the longs are ~80% of my margin usage, 74 positions total, none > 11% of account, the shorts are ~20% of margin usage). I have no option positions, only stocks & etfs. I've had positions auto liquidated when my margin fell too low and I understand that, but I do not understand this. It will take a few months, but I will have to move to a broker without such drastic restrictions. Guess it's time to look at Lime or Lightspeed. I need to learn what's available.
What is your account size?OK, I'll bite, which broker in your opinion is better than IB for a large retail account on euro stocks and CFDs ? I hold positions overnight btw, so care very much about the financing rates
I agree with D08 IB is rather friendly and convenient to overseas customers, not so much with Volpunter about the eurchf debacle as TWS first rejected my orders than froze several times, it looked to me that although i'd have suffered large losses that day with a functionning Platform, I could have saved around 150k ( total losses that day were several times that amount still).
Looking to put over 5mil on an account giving access to many markets, at least as many as IB, although I mostly care about stocks, stock options and Cfds but only 2 to 2.5 if giving only access to european markets.
I've looked around a bit but can't say i've been very succesful so far, access from Mainland China is important as well as i'm there quite often, and IB is also decent for that.
I've looked around a bit but can't say i've been very succesful so far, access from Mainland China is important as well as i'm there quite often, and IB is also decent for that.