Interactive Brokers just removed $100,000+ from my account

Discussion in 'Retail Brokers' started by FLfutures, Nov 28, 2016.

  1. Thank you for posting this link.

    Regards,
    RS
     
    #31     Nov 29, 2016
  2. luisHK

    luisHK

    fwiw my yesterday's statement came several hours late today, yet it is now available.
    I don t freak out too quickly when there is an issue with the account window, i think it s mostly before market open on mondays but sometines a whole bunch of positions and the corresponding balance are missing, so far it's sorted itself out within a few hours.
     
    #32     Nov 29, 2016
    VPhantom and tommcginnis like this.
  3. Robert Morse

    Robert Morse Sponsor

    #33     Nov 29, 2016
    VPhantom likes this.

  4. If you own or lease a seat, you can hold an account at a clearing firm.. And use their platform to place orders. As long as a financial audit shows you of high net worth. Usually the balance in the account is not as great as for a FCM account.
     
    #34     Nov 29, 2016
  5. Robert Morse

    Robert Morse Sponsor

    That is new to me. Never heard of the CME taking accounts directly.
     
    #35     Nov 29, 2016
  6. Not retail accounts,.. You have register with NFA..as a floor trader/broker.
     
    #36     Nov 29, 2016
  7. Here is mine .. Back in the day..
     
    #37     Nov 29, 2016
  8. don't tell anyone where you bank, sympathize but don't disclose.
     
    #38     Nov 29, 2016
  9. Robert Morse

    Robert Morse Sponsor

    I understand what your are saying. I'm registered with the NFA. I have clients that lease memberships. I have friends that are high volume MM on the CME. I have spoke to guys at futures trading groups that do massive volume. Not one custodies their funds and positions at the CME, they all do business with a FCM. I'm not saying it not possible, just not likely.
     
    #39     Nov 29, 2016
    VPhantom likes this.
  10. I see what your saying, the account is with a clearing firm, and that firm may have a FCM branch, I cleared through Singer/Wenger, they didn't have retail accounts. You could trade huge size relative to funds in account. The owner of the firm, could take you out of the pit if intraday risk metrics were above what they liked.
     
    #40     Nov 29, 2016