sigh, I want to set up an IRA somehow to trade at either oanda.com or interactive brokers problems are 2 fold, oanda doesnt have IRA accounts IB does have IRA accounts but they are sticky about these accounts trading anything that uses margin (like FX or selling options) is there any way where some custodian type company can open a self directed IRA type plan for me and then put my money in one of these broker's "normal" account for me to trade? or am i dreaming? ideas please..... thanks very much
not sure about forex tho, if jessie still around I'm sure he knowns http://www.elitetrader.com/vb/showthread.php?s=&threadid=3525
Don't know about selling options, but I know for a fact that you can trade both currency futures and forex in an IB IRA or Roth IRA.
sim, thats typical of IB Great platform and not good support I phoned them yesterday and they said no to FX - now people are saying yes?
Don't know about forex (wouldn't go near that with a ten foot pole myself...), but you can trade futures & options on futures in an IRA that is held in an appropriate IRA trust account. Millennium Trust is one that some of my CTA clients used, there are others as well, each has its own rules about what they will allow relative to your equity, etc. Whether a particular broker will allow it is, I suppose, up to them (I don't use a retail broker, so really can't recommend one to you, but I know that there are a number of them that will allow a trust/IRA futures acct.) You might want to look at www.mtrustcompany.com and see if that would work for you. Good luck! Jessie
You can trade defined risk options in an IRA at www.thinkorswim.com And they just got rid of the annual fees too.
My mistake. Looking over trade histories for my IB accounts, currency futures are OK, while all my spot forex trades have been outside my Roth IRA. Sorry for the earlier misinformation, delivered with such typical trader's (over-) confidence.