You can earn the equivalent of a much higher interest rate, on your entire account balance, by selling EFPs in an Interactive Brokers account.
Some (but not all) of the information conveyed in this thread is selling you what more experienced traders call "snake oil". I suggest you see if...
No, it is $600 difference in a year for the first $10K.
No, he didn't get legitimate replies, he got spam, and we got spam not even relevant to our forum.
No, the CME is not required to step in and to make a customer account whole. If a futures broker goes bankrupt, customers can lose some or all of...
This part of EliteTrader is a forum on order execution. This thread has nothing whatsoever to do with order execution. This thread is about...
Please show exact time stamps for trades and quotes.
The availability of EFPs is related to interest paid on short balances. EFPs make it possible to earn capital gains equivalent to interest on the...
This is no longer true. IB enables you to earn interest on every single dollar of proceeds from short sales of stocks having corresponding SSFs...
I don't think you can blame the broker. I think you should blame yourself, because you had no idea what you were doing and what kind of risks you...
I'm glad IB pays attention to risk control. Irresponsible futures brokers who have low margin requirements can go bankrupt in the event of a...
Yes. IB will, after the close on expiration date, remove the short SSF and the long stock leg from your account, and replace it with cash debit or...
Yes, I agree. Crossed quotes are sometimes a symptom of a problem at IB, but most of the time, they reflect a problem with other market...
You got bad advice. Intraday trading requires that you get the best prices available on your trades. Island does not always give the best price....
This is not true. If you are investing available cash in EFPs, you can control your position size easily and cheaply. You would invest mostly in...
I need to acknowledge an error I made, which has been brought to my attention by Daal. Let me explain. If your settled cash balance is zero...
I meant "free cash" in the sense of a positive cash balance, which is available for investment.
IB pays interest on the entire balance, not just the part under $10,000, if you invest free cash by shorting EFPs. The amount paid for shorting...
Kiwi, We both see very many wankers unfairly attacking IB, but it sounds to me like this guy may have some legitimate grievances. I don't think...
Wrong. The fees won't be significant.
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