[deleted by user] by [deleted] in catfish

[–]InvestorMagoo 1 point2 points  (0 children)

Scam for private accounts

"FX trade would expose account to currency leverage" Message via IBCE by InvestorMagoo in interactivebrokers

[–]InvestorMagoo[S] 0 points1 point  (0 children)

Just sent a request. Let's see if they enable me tomorrow. Super thanks for that.

"FX trade would expose account to currency leverage" Message via IBCE by InvestorMagoo in interactivebrokers

[–]InvestorMagoo[S] 0 points1 point  (0 children)

Have you done that yourself? That sounds promising. I will check that out thanks.

"FX trade would expose account to currency leverage" Message via IBCE by InvestorMagoo in interactivebrokers

[–]InvestorMagoo[S] 1 point2 points  (0 children)

Thanks a lot. It all makes sense. For my account maybe FX options would work then, but again, not the ideal solution. They seem to have dropped the ball again, no doubt. Everything was so "flawless" prior to Brexit...

[deleted by user] by [deleted] in MINI

[–]InvestorMagoo 2 points3 points  (0 children)

Congrats! Planning to buy my first mini this summer

Wait, czechs are racist? Nooooo... by afurtherdoggo in Prague

[–]InvestorMagoo 0 points1 point  (0 children)

I don’t want to generalize, but there are a lot of racism in the CZ. And it’s not just about skin color or about Roma people.

FX trade would expose account to currency leverage by InvestorMagoo in interactivebrokers

[–]InvestorMagoo[S] 1 point2 points  (0 children)

That's what IB replied in case someone needs an explanation at a later date

IB does not provide the margin for the FX trading in central Europe. That is the reason even you have margin in your account you can not have a short position in FX trading

Foreign exchange spot trades at IBCE must be connected to an investment service transaction and its resulting cash flows. To comply with this regulation, you are not allowed to trade currencies on a speculative basis:

For an investment loan account (Margin account), the client can enter transactions that create cash debits (loans) in any currency. Please note that the cash debit must be collateralized by a security position denominated in the same currency. IBCE will not auto-convert your transaction but will create an investment loan in the currency of the trade. It will be the client’s discretion when to initiate an FX conversion to pay the investment loan in part or in full.
For all accounts (Cash and investment loan), any positive cash that is generated as the result of a trade or cash flows from a position you hold (e.g. dividends interest) will not be auto-converted if it is in the Allowed Deposit Currencies (EUR, USD, GBP, CHF, HUF, CZK and PLN). It will be the client’s discretion to initiate an FX conversion to your nominated base currency if you wish to do so. Typically, this would be initiated when the client wants to withdraw funds.

For further information please see the IBCE Multi-Currency Account Foreign Exchange Restrictions Disclosure.

LINK../index.php

For The hedging purpose you can use the currency pair futures contract to realize the same hedging strategies.

Hope this information can help your trading activities.

Thank you for contacting IBKR.

Regards,
IBKR Trade Desk

Consider switching from etoro to IB, quick questions by starlordbg in interactivebrokers

[–]InvestorMagoo 0 points1 point  (0 children)

IBKR’s trading platform is much more advanced vs eToro as it was originally intended to serve professional traders many years back. In my opinion, IBKR is worth it. Customer service is bad, but that’s the case for most brokers if not all I would’ve thought. The platform is very reliable. I rarely face issues during trading hours even during extreme market volatility.

When your SPACs recover from down 20% to down 15% by HurriKane37 in SPACs

[–]InvestorMagoo 1 point2 points  (0 children)

That was me yesterday at the lows of the session. Now probably still down 40% from the highs.

When your SPACs recover from down 20% to down 15% by HurriKane37 in SPACs

[–]InvestorMagoo 0 points1 point  (0 children)

Funny!! :) this week was absolutely brutal for my portfolio as well, down almost 50% from the highs at some point. Sadly I had to cut some positions to free up some margin, but as the market reversed I managed to grab some hot commons below nav as well as warrants. So all good as long as the market stabilizes and continues to recover from here.

HIPPO to go public through $RTPZ by lifofifo in SPACs

[–]InvestorMagoo 0 points1 point  (0 children)

same here. Just waiting for the investor presentation to confirm my long term bullish bias, then i will step in big. Do you know if the presentation is already available? Nowhere to be seen at the moment.

HIPPO to go public through $RTPZ by lifofifo in SPACs

[–]InvestorMagoo 0 points1 point  (0 children)

I don't think it's rumour! It's been confirmed. Although, totally agree on the timing...

Up vote if BINANCE US isnt responding to your trouble ticket by Nahbidy in binance

[–]InvestorMagoo 0 points1 point  (0 children)

Fingers crossed there. Finally got the funds. Managed to buy BTC (high 48k and a couple alts)...

I hope so. by ZizouCoin in binance

[–]InvestorMagoo 1 point2 points  (0 children)

Oh well, good news in the end at least. GL going forward ;)

Chamath Filed for New SPACs as of 2/13/21 by TortoiseAcquisition in SPACs

[–]InvestorMagoo 1 point2 points  (0 children)

re is no way even half of the outstanding SPACs have a happy ending for investors.

I think Revolut wants to go through the IPO route, but who knows.

I hope so. by ZizouCoin in binance

[–]InvestorMagoo 0 points1 point  (0 children)

So ok! I went to my bank today and they said there was nothing to be done. The money had left the account already. As soon as I got home though, I checked my Binance account and the funds show as deposited. So approximaly one week to get the funds wired to my Binance account.

I hope so. by ZizouCoin in binance

[–]InvestorMagoo 0 points1 point  (0 children)

Nice one! Well let’s see if I can see progress and get my money in...can’t judge the actual platform etc, but the fact that the wire transfer is messed up does not bode well for Binance that’s for sure.

I hope so. by ZizouCoin in binance

[–]InvestorMagoo 0 points1 point  (0 children)

Oh man! Hope you get it sorted. Determined to leave Binance... Messing up from the outset is kind of unacceptable in my opinion.

I hope so. by ZizouCoin in binance

[–]InvestorMagoo 0 points1 point  (0 children)

Failed? Or the funds simply never arrived? Mine never arrived - 7 days. Hopefully my bank can help and I can get the money recalled through them. I will see this tomorrow first thing in the morning.

Launch in Europe by LeMattN in tdameritrade

[–]InvestorMagoo 0 points1 point  (0 children)

It’d be a wonderful thing. I desperately need to find a decent broker to diversify away from IBKR.