Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Okay so you have the information from IB, if one wanted it for other individual brokers they would have to call them and find out. (I have never asked the question but generally I imagine most of the brokers will be pretty much the same as it would not be in their interests to be raising margin requirements at the end of the day for clients earlier than they need to, or earlier than other brokers).
There is no list on this site as in that position one has received a margin call and the broker is being forced to close the positions because the client hasn't responded to their request to send more money immediately. The broker won't be sitting there trying to get the best exit price for the client, they will just be exiting as quickly as possible. Also any broker who is calling for more funds from their client is doing so because the client doesn't have enough in their account to cover the trade, which means that as futures account balances can go negative, the trade risk has transferred from the client to the broker. In theory the client can lose all their money and the broker would then need to be potentially taking the client to court to get their brokerage's money back. I would expect any client regularly not funding margin calls is likely to looking for a new broker pretty quickly.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
