u have a negative balance of $25K which means your broker wants $25K exact. If u want to negiotate, then go through arbitration. Otherwise, tsk tsk tsk....collection call More than 90% of small traders lose! They just lose!
emg we need an "emg special" flowchart on IB autoliquidation. I have to say, as an IB customer (since circa 2001ish), it is one of few things (IRS being another) that occasionally keeps me awake at night. The good news is, it surely makes one think twice about significant leverage and/or illiquid positions...
Looks like you have case law on your side. Contact the lawyers on the listed case. DO NOT give up and negotiate until all other avenues are exhausted. Good luck! Surf
Everyone who speaks of using different brokers, please do mention what you're using so that the advice is actually helpful.
Using SocGen now. If I were new and looking I'd try Wedbush. Probably the best second tier broker out there as of recently.
Totally agree. We small firms do really care about our customs. We provide high-level supports and ideal setups. Meanwhile, comparing with big firms, our commission and payout are usually much more satisfying.
Stocks & options....................Futures Lightspeed.....................Velocity(lease seat) Optionshouse...................Deep Discount IB....(use as back up)...............IB (Backup) I don't make recommendations of brokers, but they work with me, commissions might be lower for stocks/options elsewhere, but I like the service. HINT* before they have your money, you get best prices to can and have them send you an email and signed by someone, otherwise you never know what you end up getting. If they have some fee you don't like, asked them to waiver it.
I have my money with ADMIS. They are traditionally a commercial ags firm but they work with a few IBs who provide a route in for retail. Solid company financially and quick to respond to any issues.