PRIIPS KID on IB

Discussion in 'Interactive Brokers' started by d08, Jun 17, 2018.

  1. zdreg

    zdreg

    " It didn't have to. "
    if you are in a regulated business you do what the regulators tell you.
    be serious.
     
    #41     Jun 18, 2018
  2. So IB not warning customers and helpdesk employees is either incompetence or they had a look to see how many customers would be effected, and it turned out to be not that many, so they didn't care and did it without any notice.
     
    #42     Jun 18, 2018
  3. zdreg

    zdreg

    however bureaucracies live infinite/immortal lives. your only decision is to choose which bureaucy you are going to live under.
     
    #43     Jun 18, 2018
    luisHK likes this.
  4. The crafting and decision to implement this regulation preceded the Trump tarifs by years. So Trump could have pointed to this regulation as a technical trade barrier, which it is.
     
    #44     Jun 18, 2018
    nzbryant likes this.
  5. luisHK

    luisHK

    Except if it has changed recently, IBHK doesn t allow Cfds.
    Not Sure IBHK is for any one/entity without a HK adress btw.
    And indeed the server one use is Not dependent on the IB affiliate They depend on
     
    #45     Jun 18, 2018
  6. zdreg

    zdreg

    "they had a look to see how many customers would be effected, and it turned out to be not that many, so they didn't care and did it without any notice."
    if you feel they are not honorable transfer your business. you should have changed firms,a long time ago.
     
    Last edited: Jun 18, 2018
    #46     Jun 18, 2018
  7. SumZero

    SumZero

    I wrote to BlackRock, SPDR and Invesco.
    BlackRock already replied and has no intentions of complying. This is iShares ETFs like TLT, IVV, IWM, EFA, TIP,...

    * https://www.ishares.com/us/ishares-global?locale=en_ZZ&switch=y
     
    #47     Jun 18, 2018
    nzbryant likes this.
  8. "Please note that in the near future, Interactive Brokers will allow eligible Retail clients to elect to be treated as Professional clients, which will allow them to trade certain products that are not available to Retail clients.

    Generally, the ability to elect to be treated as a Professional client will be limited to clients with over 500,000 EUR account value."
     
    #48     Jun 18, 2018
  9. JSOP

    JSOP

    Why don't they just categorize all traders who open an account with them as professional clients? There, problem solved! After all, we are all professionals.
     
    #49     Jun 18, 2018
    nzbryant likes this.
  10. Retail traders have to satisfy two out of 3 conditions listed below:

    1. The investor has carried out 10 or more significant transactions a quarter over the past year
    2. The size of the investor's portfolio exceeds EUR 500,000
    3. The investor works or has worked in the financial sector for at least one year

    IB will probably come up with a questionnaire over the next few days and we should be back to normal!
     
    #50     Jun 18, 2018
    nzbryant likes this.