It is a free Internet. You should separate BS from real information yourself. IB is always fulfilling best execution obligations. We do not liquidate without enough reasons. It is not in our interests. Complaints from customers who exceeded reasonable risks and were liquidated are natural. If you consider our wide customer base, it is quite amazing that you can find just a few. Now, speaking about customer satisfaction, Refco and MFG were very nice with their risk management policies.
I ask again, do any other brokers use auto liquidation software when they force liquidate a customer account? I'm not interested in hearing from Interactive Brokers, so please go back to work. I'll call when I wish to speak to you. The fact that you are paid by your company to monitor this board in an attempt to bully away any potentially negative pr is weird at best.
I don't know of any other broker who uses auto liquidation. But I am an IB customer and I rarely use margin and I am always careful in how I use it. If you don't like their policies, don't use them.
Glad to hear you like your broker and that your trading strategy does not require margin, sprsptd. Does anyone else know of another broker that employs a high frequency trading type algorithm to auto liquidate a customer account with no advance notice?
Ids, would you go on the recard stating the Timbar Hill has not been profiting from buying options/futures from IB accounts that got liquidated, at distressed prices (bid price) and then selling it back in the marketplace? Hope you will have a straight forward answer.
Yes. I'm a satisfied IB customer. However, I have a backup futures account at Infinity Futures. Infinity will autol-iquidate when your account hits a predetermined limit. If you search here at ET for "Rob AND Hoffman AND $312K" (last 6 months) you'll read about an actual auto-liquidation. I should say that the liquidation could have been manually instituted by Infinity, but from what I was told by a guy who say it happen, it appeared to go when Hoffman hit $300K and was almost instantaneous. It completely closed the position. Jack
Any Infinity clients here? Can someone clerify if Infinity will autoliquidate you without notice when you hit a margin deficit.
I've gone on the record before. For stock, option and futures, liquidation orders get sent directly to the listed exchange with the best available price. You have made the same false claims before and I suspect you will make them again. I do post though to make it clear to others that your claims are wrong.
Corect me if I am wrong, but best means that positions are instantly being sold at the best "bid price" at that second. Bid and ask have bis spreads especially in volatile markets when those liquidations accur (options spreads can be as high as 20-30% when volatility is very high) . Since timbar hill is given a preference acording to the IB agreement as long as they can can match the best bid price that's posted in that second it would seem to provide a huge profit advantage for Timbar Hill to be able to buy at "bid prices" which is lower then the fair market value. So let me repat the question again "would you go on the recard stating the Timbar Hill has not been profiting from buying options/futures from IB accounts that got liquidated, at distressed prices (bid price) and then selling it back in the marketplace?" Hope you will have a STRAIGHT FORWARD answer.