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Interactive Brokers not allowing futures trading in IRAs

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Wyoming
 
Trading Experience: Intermediate
Platform: Sierra
Broker/Data: TDA, AMP
Favorite Futures: MES, MNQ
 
windriver13's Avatar
 
Posts: 12 since Jan 2012
Thanks: 12 given, 8 received

IB IRA Communication

According to mail from IB today: Effective April 15 - Margin requirements for Futures in IRA accounts will increase to 3x current. Also noted on IB site under Futures Margin " IRA accounts not afforded intraday margin rates". I assume that means you need 3 x $5750 Initial per contract on the ES?

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