This question is mainly for def, but if anyone else has an answer please respond. I have a futures only account with IB, but now that commissions were lowered for equities I would like to switch the account to either and equity account, or one that allows me to trade both. I just talked with an IB representative and they told me that I have to open a new account. Is there any way around this? Can't they just switch the status of the account?
I have a futures account with IB and a stock and options account. They do not allow both in one account.
Dustin, Its true that you have to have seperate accounts, but moving funds between them is a snap. Once you've opened the stock account, you can just transfer funds as needed by logging into your futures account and then selecting the transfer option. I would love to see an equity/futures combo account, but I'm sure there is a regulatory trash heap standing in the way. Kirk
dustin, you pretty much got the reply from the others before I saw this post. Regulatory reasons require the seperate accounts. When going through the opening online, most of your information will be completed for you. I understand that there will eventually be a workstation that will display/trade all of your linked accounts via one screen. I really do not know the time frame on this but it is in the pipeline.