It is true that freedom of expression and privacy are not a prerogative in the USA . As a foreigner, you have to sign a clause stating that you are anti-communist, is it? And you are also the "democratic country" which spy the entire world with his Echelon system. Fortunately, privacy is a "right" in Europe, not an accessory. Besides, it is true that SEC regulations are not applicable in Europe. But ignorance is certainly a prerogative of you, American taders.
"But ignorance is certainly a prerogative of you, American taders." He's calling you Yanks a bunch of potatoes. Now he's gone too far. Nuke his ass!
Call Fimatex or MATIF and they will explain the regulations for trading CAC40 Futures. Or how about asking your wife ? Maybe she knows, it´s all explained here: www.matif.fr
mike-claire, SEC regulations may not be applicable to individuals overseas but as a firm registered in the US it must obey certain CFTC (the commodities regulator), SEC, rules around the world. Nevertheless, as far as I am aware, margin rules are quite straight forward on a global basis. The difference is certain firms will allow payment after the fact (i.e. a margin call), others state that they will liquidate at their discretion. Everyone who trades at IB should know this - it is one of the question you must answer when opening an account. Let me ask you this question: If, mon dieu, your position went against you and you suffered a big loss without sufficient cash in your account to cover the loss, would you have sent money to IB? Do you honestly think that a firm should be willing to take that kind of risk.
WoW, this thread really rocks. m.-claire: are you not glad NOW, that IB has stopped you out of your position much earlier ? I mean esp. euro markets are in a significant 5-day lasting linear downtrend, i do not understand why you went long anyway. You should thank IB, maybe you would not have liq'ed when you planned to, and the 30CAC where open still by now...
No problem Sachbar, the post has gone too far. We will unsuscribe to this forum since we do not plan to trade any longer for a long time. This will certainly make you happy.
You have purposely violated the securities law in your own country. Per Matif (and COB) regulations, you are required 90,000 Euro INITIAL margin to even open that position, not to mention the additional maintenance margin necessary to carry it overnight. Persuant to your own admission in your opening to this thread, you DIDN'T HAVE IT. I pray that IB refers this matter to COB and Matif. Either way, you're cooked (or would that be sauteed for you). If you open another account you will have to list IB as a previous account (if you don't, you are lying on your application, and you'll go to jail for that one, too). Au revoir, dickhead.
Outstanding entertainment value this thread I must say.. one of the best yet! Definitely a touch of the monty python about it and altogether eye wateringly excellent... keep up the good work guys.
Bone, 1) maintenance margin with IB: 3000 euros for 1 contract and not 90,000. You are lying. 2. In Europe, you can still open an account if you have had a problem with a previous broker. Additionally, we have never caused anyone a loss. So, please, SHUT UP