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Interactive Brokers not allowing futures trading in IRAs

  #19 (permalink)

SF, CA/USA
 
Trading Experience: Beginner
Platform: SC
Broker/Data: Stage 5
Favorite Futures: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,330 since Jun 2014
Thanks: 4,182 given, 2,372 received


harvester View Post
Not sure how that is still possible?? For me, I was shut down last Friday executing auto-trades from MultiCharts. I started receiving pop-up messages out of MultiCharts telling me that I didn't have the proper account permissions.

That's when I called IB, and started asking questions. They told me that any open futures trades would be allowed to continue past the March 6/Midnight decision point, but once closed that would be the final trade allowed. Ongoing, no subsequent trades would be allowed.

Did you already have something open, or did you actually initiate something since the cutoff time?

Thanks,
-harvester

I didn't even know about it. I've probably traded around 100 round trips in various futures since Friday.

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