I just checked, Futures are not covered by SIPC or any other protection because it is not necessary. Unlike margin accounts with equities, all...
Agreed. It is a business decision every trader makes. Sometimes we don't have a choice if we want to play. If you want an account at GSEC, the...
That sounds correct. I can't speak for Penson, I only read what everyone else is reading. Their capital account looks secure currently. The value...
That's an excellent question. I will find out if SIPC or any other entity protects the assets in a futures account. Bob
So, for transparency, I tell everyone who I am, what my background is, and what I do. For transparency as you would say, why don't you: Give...
Penson has Excess SIPC Coverage. I attached the details. You don't have to be concerned if you're in a customer account. For Broker Dealer...
We have API access through Sterling Pro and Obsidian. Clearance through ML Pro and Penson. Rates are set based on AUM, Asset classes traded and...
These "customers" of Lek or Penson or ML Pro, that say they are offered these great rates for going direct, without a BD, I'd like to see one of...
Try back testing buying ATM butterfly's. As vol comes in, value will go up. I like to look out around 6 weeks. Very little real gamma. Until last...
My trading strategy has always been simple. As long as I'm within my risk tolerance, I reevaluate every position in an on going fashion. I Ignore...
With most equity options, unless there are take over rumors, I've found buying a 1x 2 call spread, when your moderately bullish, but think vol is...
Customer accounts are an option if you can open a customer portfolio margin account. You do need more money, but haircut is 6.67 to 1, with a...
Did you get my e-mail about third party locates? This is the best way to get it.
Yes, that would be your loss. You can continue to loose money until the index reaches zero, or at expiration, when the future expires and your...
We are not a prop firm, so we don't back traders. However, if you have the assets for a Customer Portfolio Margin account, and you don't like...
Have you considered not joining a Prop/JBO firm and opening your own customer account and trading for yourself? The big hurdle is capital. To...
Many online brokers send out an e-mail for a margin call. If you don't react by a certain time, they auto liquidate.
I guess the average ticket size is more important that the total volume. If your trading 4K contracts a month in 10 lots, the ticket fee makes...
Very nice rate. They will charge you .15/contract, no minimum and no ticket charges? I'm guessing they choose the route. You're most likely...
Their rate on their website is $1/contract or a ticket charge of $8.50/ trade plus .15/contract. For you, what makes a broker the "best." Is...
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