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Maverick74

Registered: Mar 2002
Posts: 17314

08-13-12 08:05 PM

Quote from cdcaveman:

i'm going to call IB beg them to take me of PDT restriction.. if not i'm going to call TOS get the ticket charge dropped and wire some money in.. i think..

Tradestation .. Anyone?

The PDT restriction has nothing to do with IB. It's an SEC provision. IB simply executes the policy. Begging won't help.

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cdcaveman

Registered: Aug 2011
Posts: 3513

08-13-12 08:08 PM

haha ok.. i know its SEC.. they gave me a pass the first time.. but thats actually allowed by the SEC.. now i'm jacked up... calling tos

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dave_s

Registered: Oct 2005
Posts: 26

09-28-12 05:14 PM

Quote from Maverick74:

They will drop the ticket charge.

Would TOS be your recommendation for portfolio margin trading of options?

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hoop121

Registered: Apr 2012
Posts: 134

09-29-12 03:02 AM

Quote from Maverick74:

The PDT restriction has nothing to do with IB. It's an SEC provision. IB simply executes the policy. Begging won't help.

how much volume do you have to trade before they will take off the ticket charge?

right now i use IB for execution, but I don't want to pay the monthly subscription fees for the market feeds so i keep a few bucks with TDA and use their TOS platform for real time data and analytics.

but if they were to take off the ticket price then I'd be much more inclined to just use TOS for everything.

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