Quote from osorico:
So let me get this.
I should use IB as my FUTURES broker because...
- Intraday margins are virtually the same as overnite maintenance.
From customer standpoint, protection from self.
From IB standpoint, exposure risk is reduced.- Trades entered and executed pre-market, even by 1-minute require full overnight margin.
From customer standpoint, protection from self.
From IB standpoint, exposure risk is reduced during the entire pre-market.- Auto position closing based on full overnight margin requirements starting at approx 3:45 EST.
From customer standpoint this is good because?
From IB standpoint, exposure risk is reduced before exchange bookkeeping and actual exchange requirements are determined.- Data feed is not tick-by-tick.
From customer standpoint, the feed is (supposedly) constant in all(most) market conditions.
From IB standpoint, less infrastructure required.- Key-fob security device required to login.
From customer standpoint, increased account security at possible expense of potentially missed trade opportunities.
From IB standpoint, all account security risk lays squarely with the customer.- No interest on first 10K of account size.
From customer standpoint this is good because?
From IB standpoint, a profit center.- Published commissions and fees.
From customer standpoint, no surprises, but maybe not the best choice dependent on instrument(s) traded.
From IB standpoint, ease of administration. No negotiations regardless of account size or volume.- Large offering of foreign market instruments.
From customer standpoint, terrific!
From IB standpoint, first to market.
Looks a bit one-sided imo
Good trades to all
Osorico
Not an IB client, past or present. No axe to grind or praise to give.
