Goldtent TA Paradise

Interactive Brokers Issues Statement on Crude Oil Contracts and Margin Loss

1. Patrick says:

   April 22, 2020 - 10:50 am at 10:50 am

   How does it work now for those clients? Does IB have any recourse to get back those losses from customers? Interesting.

2. Jonny21 says:

   April 22, 2020 - 10:59 am at 10:59 am

   Oh, yeah. IB will be working very hard to get that money. It is clearly stated in the disclosure document that customers sign that they can lose more than the equity in their account.

   FIA Combined Disclosure Statement
   The risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefully consider
   whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware of
   the following points:
   FUTURES
   (1) You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a position
   in the commodity futures market, and you may incur losses beyond these amounts. If the market moves against your
   position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short
   notice, in order to maintain your position. If you do not provide the required funds within the time required by your
   broker, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.

   • Fullgoldcrown says:

     April 22, 2020 - 11:11 am at 11:11 am

     Wow…thanks Jonny21

     Very Interesting