Looking at the account agreement , the following brokers will do www.ctsfutures.com www.crosslandllc.com (www.deepdiscountfutures.com , a guanranteed IB) Any more ?
That would be great if they were self-clearing. They're not. A large portion of a clearing BD earnings are going to come from the repo market. The sad fact is that it's legal to do so with client funds.
True. I clear thru AMP and I believe they don't trade for themselves either. One just has to get past their horrible customer service.
Global Futures is not a clearing firm which means your money is not with them. Was MF one of their clearers? You are worried about re-hypothecation but not with a firm that is advertising $300 day intra-day margin? Please pass me the cool-aid that you're drinking !
You are worried about re-hypothecation but not with a firm that is advertising $500 account minimums and $400 day intra-day margin? Please pass me the cool-aid that you're drinking !
Acct min's may be different but 400-500 intraday margin is common. Do some home homework before you open your dumbhole.
Also, those intraday margins are only for the first 25-50 contracts then the margins go up to 1k and so on, pending on who you go with.