IB will eliminate intraday margin reductions. Commencing at 12:00 EST today

I'm glad that IB is protecting itself and its customers against risk, and adapting its risk control policies to changing markets.

It seems like a lot of people on this website have learned nothing from watching what has happened to major financial institutions who used too much leverage and were wiped out, or nearly so, by their gambling.
 
Quote from aeliodon:

I bet it was the $10 move in CL in just minutes that caused this change - that move probably blew out many accounts at IB.

But if that was the case then eliminate intraday margins on CL instead of on all futures.
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IT is not only the move in CL.
YM, ER 2, Z all move the same as CL did today several times a month, wk.
IB or any broker can and does change margin at their discretion. It is their margin being offered.
Prior to the move and the bulletin I was up just under 8k at 11a.m. ended up just over 2k and consider myself very lucky.
as the drop place me well over 20k.

w
 
Quote from lachie74:

So we will need $4500 for each ES contract traded? That's ridiculous, market is no more volatile than it has been for the last 12 months.. Thanks a fucking lot IB.
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I would agree with you totally. Unfortunately the reason is that the market is retracing imo and not buying.
and it is a constant rebalancing of their books to stay in compliance. I personally hate it but understand.

The last 2 months has diffently change the traders here style especially with reference to futures.

w
 
Quote from Barth Vader:

Is this site owned by IB ??

It seems everytime that someone has a complaint or negative opinion about IB, the plethora of "happy customers" come out of the woodwork.

I could be wrong, but some of you "happy customers" seem a little more zealous than just a regular "joe customer". Employee's ??

That said, IB like every other FCM can raise margin anytime they want.

One good thing I have picked up on since my short arrival here, is that I am glad I have never opened an account at IB.
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I second that sentiment. This site has lost a lot of credibility with those of us who don't trade with IB.
 
Quote from wareco:

I don't see why IB couldn't implement a similar system.
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Because they have to keep fixing the bugs in the non-beta TWS releases every few months or so.

:D
 
Quote from what_the?:

I second that sentiment. This site has lost a lot of credibility with those of us who don't trade with IB.
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I think that you are the same idiot that always posts something ridiculous and creates new nicks as the old ones become unwelcome.

Congrats on posting something stupid in your 2nd (or is it your 1000th) post.
 
what they have done is increase the cost of capital requirement for this 'business' if you can call it by 300% for intra-day trading.

There aren't enough new traders opening accounts with IB. Limited capital and limited amount of traders that can trade with limited capital.




Quote from tortoise:

it's a marketing gimmick, nothing more. and a damn canny one, i might add...
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companies like IB are market makers of options and futures.

they need new money or new traders to replace traders who've left the arena or trading pits of hell.


Quote from kickboxers:

what they have done is increase the cost of capital requirement for this 'business' if you can call it by 300% for intra-day trading.

There aren't enough new traders opening accounts with IB. Limited capital and limited amount of traders that can trade with limited capital.
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they just you to deposit more money. period! there are a few futures and forex brokers that make their money totally on commissions.

IB is a market maker so do expect to be on the other side of the trade. most other market makers don't like IB. so if you trade with IB you get creamed in the market.


Quote from tortoise:

it's a marketing gimmick, nothing more. and a damn canny one, i might add...
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