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Yea, I requested an exemption to my account since I overtrade like a maniac. We'll see. If not, I've researching other brokerages. I'm liking Stage 5 right now, looks like they're good folks, good margins and fees, and I like that FT71 does webinars here. Only negative is someone else has to house the IRA, which will cost 300$ a year.
Can you help answer these questions from other members on NexusFi?
ok, from I can tell today, the triple margin is for both day and overnight margins. So for daytrading, they're tripling the daytime margin not the overnight margin. However, to initiate a position you need full margin, so you have to scale into positions.
i have no idea. just writing down my observations. i'm not sure that they're organized enough to have accurate documentation. according to their website, you're not supposed to be able to trade futures at all
tI use Tradestation for my futures trading in my IRA. The custodian is Advanta. I am very happy with both. I previously traded ETF's but switched over to futures last year. The transition was very smooth.
Thanks. Don't mind my comment, I actually got confused with the initial margins for "Equity day trading" which is actually a FINRA rule. I already know Ninjascript enough to start learning another language.