Requirement for IB?

[dereksas]

Did IB do away with that stupid stocks and options test they made me take when I opened my account years ago. I always figured they did that for liability reasons (i.e. to protect their butts). But now see them converting accounts left and right to Universal which lets you trade anything anywhere anytime, so maybe they don't care about that anymore.

Just wondering...

--Derek

 

[easyrider]

Those exams are pretty tough.

 

[swtrader]

I'm not kidding

Opened an account yesterday with IB

Test is easy, for each question, simply pick the choice that says "in this scenerio, the customer is screwed"

 

[qwiktrade]

Originally posted by mgkrebs


Uh..........you also need fingers.

nah, a pencil in the teeth will work just fine..

-qwik

 

[Lobster]

Originally posted by swtrader
I'm not kidding

Opened an account yesterday with IB

Test is easy, for each question, simply pick the choice that says "in this scenerio, the customer is screwed"

With one remarkable exception: IB will eat your losses if they result in your futures position exceeding your futures limits. Not that anything like that ever happened to anyone I know.