Why does Interactive Brokers impose such restrictive limits for options trading?

Con1991 said:
I am unable to open a TD Ameritrade live account in my country. Otherwise I would have done it already.
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Then why are you trading TD in sim? What is the point of it if you cannot ever open a live account with them where you are? What is the logic?

That would be like me opening up a demo account at some firm that trades CFDs, because as a USA citizen I cannot trade CFDs live.
 
Con1991 said:
So, further to previous posts I have made in relation to my paper trading journey on IB, I am faced with yet another issue. When attempting to trade large-size options contracts, I am receiving a message informing me the order is rejected, as it is too large. Having used other paper trading platforms, I have never encountered this issue with other brokers. Why does IB impose such limits? I wonder does this only apply to simulated accounts, and it is not the case on live accounts? Between all of the 'regulatory' problems and such like, I am very unhappy that IB is my only venue to trade options here in Europe...
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Are you able to multiply and divide? They restrict your idiocy to conform to the live platform; as there are position limits and such so clowns don't tiktok this stupid shit.
 
Overnight said:
Then why are you trading TD in sim? What is the point of it if you cannot ever open a live account with them where you are? What is the logic?

That would be like me opening up a demo account at some firm that trades CFDs, because as a USA citizen I cannot trade CFDs live.
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Because I like the interface of the platform, and it still gives me a good insight into options trading. I also find the IB paper account almost unusable. TD has a much better functionality, as well as a generally better platform. It is simply to practice trading, one does not need a reason outside of that to practice with an account they are unable to use live.
 
Con1991 said:
...It is simply to practice trading, one does not need a reason outside of that to practice with an account they are unable to use live.
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It seems to me that your time is better spent getting to learn a platform that you can actually trade live on if you are serious in being a trader, because the more time you waste with a platform you cannot actually use live, the less time you give yourself to learn the quirks and functionality of the platform you CAN use live. You are doing yourself a disservice.
 
destriero said:
Are you able to multiply and divide? They restrict your idiocy to conform to the live platform; as there are position limits and such so clowns don't tiktok this stupid shit.
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Are you able to read basic material? I am well aware there are position limits, and my hypothetical order in the screenshot conforms to said limits, since there are NO position limits on European index options. So why don't you take your b******* and stick it somewhere I don't have to entertain it...
 
Con1991 said:
...and my hypothetical order in the screenshot conforms to said limits, since there are NO position limits on European index options...
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But the SPX is not a European index option. Why not try it on FTSE or DAX options?
 
Overnight said:
I am DAMNED sure there are position limits on EVERY OPTION and FUTURE listed on a US exchange. That is to prevent "cornering the market".
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A screen grab from the CBOE website, product specifications for SPX options.
 

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