Why does Interactive Brokers impose such restrictive limits for options trading?

Discussion in 'Options' started by Con1991, Apr 18, 2023.

  1. Overnight

    Overnight

    Then why are you trading TD in sim? What is the point of it if you cannot ever open a live account with them where you are? What is the logic?

    That would be like me opening up a demo account at some firm that trades CFDs, because as a USA citizen I cannot trade CFDs live.
     
    #11     Apr 18, 2023
    M.W. and ChipShotTrader like this.
  2. destriero

    destriero


    Are you able to multiply and divide? They restrict your idiocy to conform to the live platform; as there are position limits and such so clowns don't tiktok this stupid shit.
     
    #12     Apr 18, 2023
    albion, M.W., zdreg and 2 others like this.
  3. GATT

    GATT

    As a retail customer, you will not be able to do this transaction with any broker, period.
     
    #13     Apr 18, 2023
  4. Con1991

    Con1991

    Because I like the interface of the platform, and it still gives me a good insight into options trading. I also find the IB paper account almost unusable. TD has a much better functionality, as well as a generally better platform. It is simply to practice trading, one does not need a reason outside of that to practice with an account they are unable to use live.
     
    #14     Apr 18, 2023
  5. Overnight

    Overnight

    It seems to me that your time is better spent getting to learn a platform that you can actually trade live on if you are serious in being a trader, because the more time you waste with a platform you cannot actually use live, the less time you give yourself to learn the quirks and functionality of the platform you CAN use live. You are doing yourself a disservice.
     
    #15     Apr 18, 2023
    JonLivingston and VicBee like this.
  6. Con1991

    Con1991

    Are you able to read basic material? I am well aware there are position limits, and my hypothetical order in the screenshot conforms to said limits, since there are NO position limits on European index options. So why don't you take your b******* and stick it somewhere I don't have to entertain it...
     
    #16     Apr 18, 2023
    stochastix likes this.
  7. Overnight

    Overnight

    But the SPX is not a European index option. Why not try it on FTSE or DAX options?
     
    #17     Apr 18, 2023
  8. Con1991

    Con1991

    Sorry. I meant cash-settled index options, European style.
     
    #18     Apr 18, 2023
  9. Overnight

    Overnight

    I am DAMNED sure there are position limits on EVERY OPTION and FUTURE listed on a US exchange. That is to prevent "cornering the market".
     
    #19     Apr 18, 2023
  10. Con1991

    Con1991

    A screen grab from the CBOE website, product specifications for SPX options.
     
    #20     Apr 18, 2023