I have received the same email from MBT. Looked OK to me but I did not click on any of the links and I did not get a box asking for my password. I...
I think MB Trading also offers the universal accounts like IB. I think MB Trading additionally offers securities only, commodities only, and FX...
Since the MF Global failure, my assumption is the staff of Interactive Brokers researched SIPC coverage requirements and found the best way to...
When there is again a need to resolve a problem, Interactive Brokers again quickly figures out how to come up with a solution which is even better...
By logging into "Account Administration" > "Excess funds sweep" and selecting "Sweep excess funds into my IB securities account" it seems to me...
I have done several broker to broker transfers and all of them involved stock transfers with cash. For the receiving brokers, they considered the...
I would first go to all cash at FirstTrade. Then I suspect you will you will be best served by doing an account transfer to IB and pay the $50.00...
I agree with your statement and I did not say, imply, or think Penson management is trying to do what is best for their clients or employees.
That seems likely and would probably be the best outcome for Penson clients and employees. Penson needs new management at the top level that makes...
Recent news I have read said Penson is in the process of selling or shutting down all of its non US branches in a effort to reduce losses, raise...
To me it seems fair that what the government is willing to do for securities accounts they should be willing to do for futures accounts. I see...
Yes if it has as little effect on commissions for the amount of coverage as SIPC does for securities.
It seems to me these changes in account regulations are SIPC self-serving to limit SIPC payouts in claims. The way I see things, clients should be...
Seems most thought MF Global was safe until it started unraveling a few weeks back.
As of now, I have received no statement or information from MBTrading/Pesion.
I hope IB will allow clients to issue cash transfer instructions through account management to move excess funds from the futures account to the...
For combined account totals much larger than $500K, it might be safer to have $500K in the SIPC insured universal account and the rest of the...
Do you think this is because Jerry does not want to offer a QT like program or do you think this is because he sold QT to TDAT and the non compete...
I think this change is most likely the result of a forced change by the SEC on Securities brokers due to the SIPC insurance (all being the fallout...
Yes, they swept the excess unneeded cash back to my securities account each night the same as my IB account. This change nullifies one of the...
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