Transfer funds from TS???

Discussion in 'Retail Brokers' started by TraDaToR, Aug 1, 2007.

  1. TraDaToR



    I made an outgoing wire request from TS last week, and I received an e mail saying that they were unable to transfer the funds. I called them back and they explained me that it was impossible because I was trading( supposedly the cash balance was not enough... ) at the time.

    The problem is that I had 2 times the amount in cash balance at the time, only holding a few positions overnight... It 's the first time i make a transfer from TS and I don't understand what the problem is. Does anyone has these kind of problems with TS ? I hope I don't have to close all my positions for the TS guy to proceed:mad: ...
  2. Did you have any Short positions?
  3. Daal


    you recently closed some trades and they havent settled yet, this is my only guess
  4. TraDaToR


    Yes I had one short futures position.

    There was 2 trades left but definitely had 2 times the wire amount in cash. That's why I don't understand.

    I explained it to the phone girl but she said me to call whatever desk... I'm sure they will try to do it tomorrow and have the same problem.


    I had the same problem. I had 1 short position and the transfer would not go through. I closed the short and it went through fine.
  6. TraDaToR


    Are you kidding? It's just incredible you have to close a position to transfer funds that are already available...

    I'm really pissed about it. Close position = commissions + slippage. I have to stop one of my systems.