Interactive Brokers not allowing futures trading in IRAs | Reviews of Brokers and Data Feeds


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Interactive Brokers not allowing futures trading in IRAs

  #11 (permalink)

barcelona spain
 
Trading Experience: Beginner
Platform: ninja, investor rt, ts
Favorite Futures: ES and NQ
 
Posts: 31 since Jun 2011
Thanks: 10 given, 23 received

cost estimates of different IRA broker options

Thanks everyone for your feedback. I spent some time Friday speaking with different brokers and IRA trustee companies. It seems to me that there are two options to use for me to continue to trade futures in my IRA. One is to move to a broker similar to IB such as TOS that does not use a 3rd party trustee company and also offers stock and option trading at a reasonable cost. The other is to use a trustee company with a discount futures trading company. Total cost seems to be lower with the later option. However, I still may not go that route simply due to the lower complexity of using a single source broker such as TOS.

Anyhow, below is a comparison I did to get an understanding of the different cost options in case you are interested.

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