I'm hearing reports from various traders that IB has suddenly stopped allowing IRA accounts to trade futures, as of this morning.
Is this accurate? Can anyone shed any more light on this?
Why IB will stop ? IB's security risk for IRA accounts is insane and stupid. The margin for commodities trading on IRA accounts is outrageous. F** IB. The margin is 3 times of the regular margin. I am moving to TDA.. I don't mind paying little bit extra comm but I can't stand IB's BS and can't pay self directed custodians $300.00/year just for nothing.