No Futures Trading Margin on IB today

Discussion in 'Retail Brokers' started by Chubbly, Feb 6, 2018.

  1. Chubbly

    Chubbly

    If you were planning on trading at IB today take note



    Interactive Brokers Bulletin Board

    To all traders:

    Tue Feb 6 04:11:44 2018 EST

    Due to the current market situation we have removed intraday margin for all futures for today.
     
    econbizer likes this.
  2. After the '87, crash and until the markets settled down, Refco required $50,000 margin per contract.... for the same reason IB is taking their action.
     
    Chubbly likes this.
  3. Chubbly

    Chubbly

    They don't want retail traders coming in with weak hands if the market continues going crazy. I didn't look at what overnight maintenance margins are like.

    This is one day I am glad to be flat.
     
  4. Correct. Weak hands on low margin make for a lot of "forced" plays and higher volatility.

    IB's margins, both initial and maintenance are higher than exchange minimums... and therefore more conservative. By eliminating maintenance margins, they are being more conservative yet. That's all good in my book. Too easy for "things" to get out of hand in this kind of environment.

    A friend asked me "how you playing this"? I told him, "not". Too crazy and wild for my constitution. No worries, will soon be back to relatively normal.
     
    Last edited: Feb 6, 2018
    Chubbly, Metamega, KevinD and 2 others like this.
  5. maxinger

    maxinger

    I never like IB. too many sudden changes, very unfriendly trading platform, very strange/complex/odd english , very poor leverage and there are some bugs!

    in fact, its trading platform hardly changed (or rather improved) over the past few decades.
     
  6. Ib is notorious for auto liquidation. They flushed millions of dollars at the close forcing people out of their positions . They raise margin requirement right when you need it the most and auto liquidate ... Just fyi they are a bucket shop...
     
  7. luisHK

    luisHK

    Dunno what it is about, I didn't receive any notice and the margins look fine when i prepare an order, account maintenance margin hasn't moved either.
    Did IB just removed Intraday margin and apply overnight margin in their place (I'd likely not notice it) ?
     
  8. maxinger

    maxinger

    I was searching high and low for announcement from IB but can't find it.
    few hours ago, there was some margin restriction while using IB.
    Just now, I found that it was back to normal.

    They must be running some secret operation.
     
    cdcaveman likes this.
  9. Soph

    Soph

    Out of curiosity, who do you recommend as a broker?
     
  10. RRY16

    RRY16

    I smell a rat..this board is notorious for anti IB rants..trade em up!
     
    #10     Feb 6, 2018