Confusion - futures io
futures io futures trading



Confusion


Discussion in Stocks and ETFs

Updated by fab200819
    1. trending_up 2,046 views
    2. thumb_up 6 thanks given
    3. group 3 followers
    1. forum 4 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Confusion

(login for full post details)
  #1 (permalink)
Somerset
 
 
Posts: 7 since Apr 2020
Thanks: 5 given, 4 received

I have a problem that hopefully someone here may have had before. I bought some shares in summit therapeutics through XO For some reason these then got transferred to link asset services. I bought 233 shares last year now link asset services or signal shares can only sell Via the London stock exchange so they are the registrar for my summit therapeutics certificate. They cannot sell the shares because theyíve been transferred to the NASDAQ. I got told that BNY Mellon would be able to deal with this Iíve spoke with BNY melon and a few weeks ago sent them my share certificate and a Ben eight form now they told me that they cannot sell them because theyíre not ads. And ring them back in a week to see if they found a way to sell them .
As now Iím day trading on OANDA but Iím looking to move to a company that will give me better Leveridge with the profit from my summit shares only if I can sell them or access the funds held equal to some of the value or other way would anyone have any advice or understanding of what I can do please and thank you. Itís only hundreds but to me thatís lots.

Reply With Quote

 
 
(login for full post details)
  #2 (permalink)
Legendary Market Wizard
Somewhere, Delawhere, USA
 
Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker: Tradestation Securities
Trading: My kids, VX, Eurodollar
 
vmodus's Avatar
 
Posts: 612 since Feb 2017
Thanks: 1,186 given, 1,181 received


fab200819 View Post
I have a problem that hopefully someone here may have had before. I bought some shares in summit therapeutics through XO For some reason these then got transferred to link asset services. I bought 233 shares last year now link asset services or signal shares can only sell Via the London stock exchange so they are the registrar for my summit therapeutics certificate. They cannot sell the shares because theyíve been transferred to the NASDAQ. I got told that BNY Mellon would be able to deal with this Iíve spoke with BNY melon and a few weeks ago sent them my share certificate and a Ben eight form now they told me that they cannot sell them because theyíre not ads. And ring them back in a week to see if they found a way to sell them .
As now Iím day trading on OANDA but Iím looking to move to a company that will give me better Leveridge with the profit from my summit shares only if I can sell them or access the funds held equal to some of the value or other way would anyone have any advice or understanding of what I can do please and thank you. Itís only hundreds but to me thatís lots.

First things first. This post does not belong in Platforms and Indicators. Maybe one of the mods can move this.

Second, if you are dealing with such a small balance, why move from Oanda? They are ideal for smaller/retail traders. If you want more leverage, you will probably need a larger account. We went through the vetting process with Interactive Brokers (IB), but it was incredibly difficult to get approved. We were approved, but decided to move over the Oanda. We want to maintain a smaller forex account (our major business is futures) and after shopping a lot of brokers, Oanda fit for us.

My suggestion: cash out your shares, put the cash in Oanda and get trading.

~vmodus

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to vmodus for this post:
 
(login for full post details)
  #3 (permalink)
Somerset
 
 
Posts: 7 since Apr 2020
Thanks: 5 given, 4 received



vmodus View Post
First things first. This post does not belong in Platforms and Indicators. Maybe one of the mods can move this.

Second, if you are dealing with such a small balance, why move from Oanda? They are ideal for smaller/retail traders. If you want more leverage, you will probably need a larger account. We went through the vetting process with Interactive Brokers (IB), but it was incredibly difficult to get approved. We were approved, but decided to move over the Oanda. We want to maintain a smaller forex account (our major business is futures) and after shopping a lot of brokers, Oanda fit for us.

My suggestion: cash out your shares, put the cash in Oanda and get trading.

~vmodus

Thank you for your advice that is what I will do Iíll stick with that until Iíve built something up. when I have found a broker that will be able to exchange my share certificate as with the coronavirus no company in the UK would accept it hopefully that will change soon . when it comes back from America.

Reply With Quote
The following user says Thank You to fab200819 for this post:
 
(login for full post details)
  #4 (permalink)
Dallas, TX USA
 
Experience: Beginner
Platform: Multicharts
Broker: AMP
Trading: ES
 
Posts: 10 since Jan 2018
Thanks: 3 given, 13 received

Be careful seeking more leverage than Oanda provides. Forex leverage is a double-edged sword that can hack you to pieces before you know what hit you.


Sent using the futures.io mobile app

Reply With Quote
The following 2 users say Thank You to whuffo for this post:
 
(login for full post details)
  #5 (permalink)
Somerset
 
 
Posts: 7 since Apr 2020
Thanks: 5 given, 4 received


whuffo View Post
Be careful seeking more leverage than Oanda provides. Forex leverage is a double-edged sword that can hack you to pieces before you know what hit you.


Sent using the futures.io mobile app


Thanks for that.
Donít really want the other edge. I will stick with oanda.


Sent from my iPad using Tapatalk

Reply With Quote
The following user says Thank You to fab200819 for this post:


futures io Trading Community Traders Hideout Stocks and ETFs > Confusion


June 25, 2020


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts