Discussion in 'Retail Brokers' started by RXIS, Jul 27, 2005.
Does it matter if I inflate my trading experience and my net worth?
Its fine as long as you understand that if you blow yourself up you have nobody to blame but yourself and you would have no recourse since you lied about your net worth.
It doesn't matter if you don't get caught. Of course, dealing with your conscience and your God are another matter.
Why would IB have anything to do with it if I blow up?
It isn't much money, but then again I might catch some sort of bug and make a large deposit into the account.
of course it doens't matter
IB doesn't give a shit either, its just their normal investing questions
I just realized you were referring to if I got blown up trading margins. I wasn't very clear in my post.
I have read one post where someone has said he was turned down by IB because he stated that he had less than 100 trades (it could have been 200 but I don't think so). I'm fairly sure that that post was on trade to win, not ET. Generally speaking, brokers are just covering themselves legally by asking how much trading experience you have. That said, some discount brokers that are tailored to experienced traders and have a minimum amount of trades/trading experience required.
"They" will come to your house and kick your dog if you lie!
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