Restricted: Complex or Leveraged Exchange Traded Product

C

cambridgesoho

I just found out I can no longer trade leveraged ETF, it gave me message saying the financial instrument is not available for trading: Restricted: Complex or Leveraged Exchange Traded Product.

Does anyone know what setting I need to adjust to be able to trade? I used to trade with no problems.

Thanks
 
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Robert, it is very nice for you to post a shot that you offer them. We do to and I can do the same. However, by regulation we can only offer them to clients who fit suitability requirements. Hope you are not inferring you do otherwise.

FINRA and other regulators such as the SFC in HK have suitability requirements for what they deem to be complex or leveraged products. Also, take a look at the FAQ I pasted below. You might have the relevant experience and just need to request permissions and/or take a short quiz so we can confirm your knowledge.


The FINRA Guidelines
https://www.finra.org/rules-guidance/notices/12-03

SFC in HK
https://www.sfc.hk/web/EN/rules-and...requirement/non-complex-and-complex-products/

And the guidance we provide from IBKR
FAQ: I get an error message "Restricted: Complex or Leveraged Exchange Traded Product"
MANAGE TRADING PERMISSIONS

Complex or Leveraged Exchange Traded Products (CLPs) are funds or notes that trade on an exchange but have very different characteristics from shares of stock or ordinary exchange-traded funds (ETFs).

Eligible clients can review and update their trading permissions in Client Portal/Account Management to include "Complex or Leveraged Exchange Traded Products".

In order to be approved for trading permissions you must meet the financial requirements, have prior trading experience, and the products/permissions must meet your investment objectives. Please note:

  • To trade Complex & Leveraged Products, you must have a Good or Extensive Knowledge Level for options and futures, or take a test.
  • To trade Complex & Leveraged Products, you must have a minimum of two years trading experience with stocks and either options or futures, or take a test.
Please note that UGMA and UTMA accounts are not eligible to trade this product type.
 
Hello Def,

thank you for your reply. I face the same situation. Last week I could without any problems buy VXX options, but from Monday on, I recieve the same pop-up window as mentioned abve:

Restricted: Complex or Leveraged Exchange Traded Product.

I have even changed the questionary to Extense knowledge in Options + 6 years experience, but still I cannot trade them.

do you know why? thank you a lot
 
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