gmethowaway

13 ms·

1.
by gmethowaway 6y ago
How about Interactive Brokers case then, or AFAIK TD Ameritrade. They don't offer instant settlement (or may be they do, but the same was applied to settled money). They blocked buying GME stock on nonmargin accounts with settled money
2.
by gmethowaway 6y ago
Honestly I'm not getting it. I understand the case when someone initiated the cash deposit and money are not settled yet, and there is a risk for broker that they will never settle on broker's bank account. But if we are talking a
3.
by gmethowaway 6y ago
Can you please elaborate on why DTCC collateral calls or other things should prevent buying GME stock on non-margin accounts, like many brokers did? If you trade more, it actually brings more money to brokers. I'm not talking about o
4.
by gmethowaway 6y ago
What was the motivation when multiple brokers disallowed buying GME stock using non margin accounts?
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by gmethowaway 6y ago
Interactive Brokers blocked buying GME stock in non margin accounts. What I hear from twitter the same was for RH.
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by gmethowaway 6y ago
If margin is the only problem, why many brokers disallowed buying GME stock on non margin accounts?
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by gmethowaway 6y ago
Can you please elaborate on systematic risk in the light of not allowing to buy GME stock (not options) without margin (no money lended from broker), what many brokers did today.
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by gmethowaway 6y ago
Are you talking about brokers or money makers? If it's brokers they usually make money from trading activity (traders, deposits,withdraws,holding money in they accounts). If it's money makers then they can't "stop takin
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by gmethowaway 6y ago
If it's just risk management, why IB doesn't allow to buy 1 GME stock on non margin account?
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by gmethowaway 6y ago
It's not only about options. You can't buy even 1 stock of GME on non margin account. I don't understand how it has anything to do with IB risk management.
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by gmethowaway 6y ago
That's what they advertise via Twit. But if you try to buy even 1 stock of GME on non margin account (our own money only) it doesn't allow you to do that. I have a screenshot for that if you want. And customer support line is over
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by gmethowaway 6y ago
IB doesn't allow you buy GME even w/o margin account.
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by gmethowaway 6y ago
Interactive Brokers (IB) is blocking GME stock buy even on non margin account.
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by gmethowaway 6y ago
Interactive Brokers restricting as well. https://twitter.com/IBKR/status/1354792600004386818 But not as they say in the twit, but even buying stocks w/o margin is blocked.