Can anyone recommend a broker that accepts international clients and is focused on good commission structures? Interactive Brokers is terriable with their new 'Exposure Fee' was thinking Trade Station?? God bless your assistance
I'm happy to discuss your needs if you send me an email with your contact information. We accept foreign accounts and have great rates. Check out our website. Bob
"Interactive Brokers imposes a daily "Exposure Fee" on a small minority of IB customer accounts that have a very high worst-case loss risk exposure. This is to attempt to partially protect IB and its customers from those accounts that have very risky positions that currently satisfy exchange margin requirements, but nonetheless could suffer excessive losses in the event of a significant market move (for example, accounts with high exposure to short option positions)." @_@ reduce your exposure?
They prob use that money to buy protection in the market for themselves. Not for the account causing the stress limit.
newwurldmn, We both know they don't do that. It is my expectation it is a form of self insurance to be paid for the extra risk rather than just making clients reduce to lower levels. It provides revenues not protection. bob
I was talking to Niederhoffer about it, he told me it was a 10% fee of capital... I believe that was what he was referring to. I'm referring to IB.
I would think that they were buying cliquets in the market. So a terror event happens and market falls 20perxent. You are wiped out and have creditors chasing you. While IB collects on their insurance policy that you paid for. That's my speculation.