Trading from Self Directed IRA

Discussion in 'Professional Trading' started by drobin, Jul 4, 2005.

  1. drobin


    Hey any one trading from a self-directed IRA through PENSCO.
    Trying to find out if this approach would prove beneficial towards trading. Thanks. :confused:
  2. RachelM

    RachelM Global Futures Exchange <br>& Trading Company

    Hello there,

    You can trade futures through your IRA account. However, most of them only allow you to trade with a certain percentage of your IRA account.
  3. txuk


    I looked into this earlier in the year with PENSCO and they were not allowing futures trading through their self-directed IRAs at that time... their focus is marketing SD IRAs for investing in property and businesses. When I pressed their compliance officer for an alternative I was directed to Millennium Trust. As it happens I never moved forward with it, but hopefully this will give you a head start.
  4. RachelM

    RachelM Global Futures Exchange <br>& Trading Company

    Yes, txuk is right, Millennium Trust is a good IRA company to go with. Last time I checked, they allow you to trade with all but $500. There's also Lincoln Trust, Entrust, and North Star Trust to name a few other alternatives.