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Interactive Brokers not allowing futures trading in IRAs

  #38 (permalink)

Houston, Texas USA
 
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts, TradeStation, NeuroShell, AmiBroker
Broker/Data: Interactive Brokers, TradeStation, DTN/IQ
Favorite Futures: TF, EMD, NQ, CL
 
harvester's Avatar
 
Posts: 30 since Mar 2011
Thanks: 12 given, 88 received

I'm sure quite a bit moved out...

As a follow up to the reversal policy e-mail, I called up IB customer support, and they are stunned at the CS team level.

On another note, I actually logged a ticket to speak with someone from management earlier this week. Amazingly someone did call (I cannot remember his name, except that he worked for Bear Stearns and traded the pits for 25 years). This was no more than 48 hours ago, and he emphatically told me in a polite way that this decision was final. The decision was made from one of the top three execs.

Well, it would appear that he got shot down by the other two... In any case, I told customer service today that their clients have got to be besides themselves on this insane move. There was no comment - which I took as tacit agreement.

-harvester

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