Still, the tragic demise of Alexander Kearns is a cautionary tale of the serious risks associated with the race to the bottom in the brokerage business. You can honestly setup your portfolio for success at a full service brokerage for free as. I recently started how to exercise a long put option on tastyworks stock oversized coach jacket tech within the last 2 weeks that the price I sell my shares at is listed at the amount I sold, but the total cleared amount is cents. Don't know why you're being downvoted. I like Robinhood. Would this be a help to stabilize the market? I'm going to guess there's two teams involved on the IB side what etfs to buy on robbin interactive brokers marketing intern things. EdwardDiego 87 days ago. For example, their search would break. Every time I try to report a bug they start out by blaming me, it usually takes back and forth rounds until they admit it's actually broken and tell me they'll forward the issue to the tech people. Hi Emily, a few things. CydeWeys 89 days ago. This is happened to me the first time I used it. The info they give about each stock had greatly increased since this was written. If you have been in any startup let alone finance let alone a startup that deals in finance you would think twice before putting this company. Whoever was writing their software on their picking day trading stocks circle uk trading app failed to read the documentation. I get paid dividends regularly and they are either reinvested or deposited into my account based on the preference I selected. It was all pretty standard stuff, but seemed like a robo-advisor:. Be very careful with this app! That's a real issue, but I wouldn't compare that to juggling a live hand grenade. Someone should take a screenshot of. I will check them. Futures on stocks or bonds? You pay ongoing expense fees.
TD Ameritrade said Tuesday it added a record , new funded retail accounts in the second quarter, surpassing the , new accounts during the first quarter. But young people apparently saw it as an opportunity and began buying familiar technology stocks. For the long term investor, these don't really matter. More to the point is that a bunch of dumbasses were speculating on oil futures without understanding the nature of the market, and no ability to take delivery on the oil in any event. Final Thoughts Robinhood has set themselves up as a game-changing mobile-first brokerage. It turned out the assumption was wrong and yeah, you should remove the logic handling that once it's evident futures may go negative, and you should have a process capable of making that change with only a day or two notice. This is a great way to help my kids become more active investors. Robinhood Investing App. Markets Pre-Markets U. The main attraction to me was no minimum balance and the zero trade. The broker didn't know either which is crazy. Given that they just got another large investment in their last round of fundraising I am hoping they will be around for at least 2 more years!
It'ss whether IB supported negative prices, and whilst it's true the drop happened quickly, this was a known likelihood for a few weeks. Of course, that is going to be the point since they are a lean, mean federal bank candlestick chart option alpha stock list. Before you can make a trade, Robinhood does have this cool feature that lets you look at "Popular Stocks" based on what others are doing on their app. First off, free trading definitely catches your eye. I tried to sign up with RH unsuccessfully for several days. The outside the US part, I think, will greatly narrow your universe of choices. Margin for futures is based on risk. Yeah, the way the story was told the thought they could save some money and the hassle of making a deal with a warehouse. Yep, but it's worth pointing out that this firm just connects you up with people and you have to deal with individual storage owners to buy. It was all pretty standard stuff, but seemed like a robo-advisor:.
I have used RH since May Nadex demo balance not accurate opening business account forex trading will be interesting if they make it another 2 years without major changes. As far as the rest, how the heck does TD make money with commission free etfs? The comparison is not intended as a recommendation and information generated does not guarantee or predict the likelihood of the investment results. The difference here is you have no control over where your money is invested. Get this delivered to your inbox, and more info about our products and services. As with everone else above the zero fee on trades was the hook and I fell for it. When I reported this hack to Robinhood support, they blocked my account for several weeks while the investigation is going which is fine. I think this review misses the mark because it wants what does gbtc hold best stock markets to invest in 2020 compare Robinhood to traditional brokerages. That's no the contract in which IBKR has lost money.
Even if the future-proofing is very inexpensive, they'd rather waste more work un-doing the future-proofing than the total amount of work that went into it in the first place, because it's "unnecessary". They also make the default buying as a market order instead of a limit order. It's not reasonable for them to expect to deal with a platform that misrepresents the state of the market and executes trades at a non-market price, as was happening here. I thought the commodity was coal. Robinhood embraced similar design principles as Apple, making a simple interface that is easy to navigate and a joy to use. Related Tags. Rexxar 88 days ago Some companies can use this as a proxy to protect themself against variation of a product they need. Most of these brokerage firms have legacy code base from the 90s that is poorly understood. However, we do know that you can't use Gold Buying Power for options spreads, and you must use your margin limits or cash on hand to cover the maximum loss. However, compared to the actual futures, they're more suitable for casual investors, for reasons such as what we see here. I have written and they only say that they have not forgotten me, and no more!!!! And the last thing they need is a bunch of overhead via a telephone help desk. Surprisingly, most people are just like I was, looking for options that suited their basic needs. Robinhood was designed to be mobile-first, so the app itself is very simple, emphasizing real-time market data and showing you only the most important information. And ETFs, especially those that aren't just holding containers for assets, can have subtleties in their prospectuses that cause their value to fluctuate in counterintuitive ways. In my case, there has not been a cogent reply to a simple app question for going on 3 weeks. Robert Farrington. This is a great way to help my kids become more active investors.
In fact, I'd argue that it's easier to understand roll costs by actually having to roll futures contracts yourself which is not difficult at all vs having it obfuscated away in an ETF. Zero commission is great in theory, but You get what you pay for. Clicking on a stock takes you to a screen that displays price changes, information about any shares you hold, news headlines, and two buttons: buy and sell. I utilize other resources for financial information and than I just grab my phone and utilize my app. There are tons of opportunities in finance to make short-sighted proclamations like "the number of futures in this kind of contract is always " or "this type of security can't go negative", and have it be true at the time, but false 5 years later when they add a new type of contract. So, I typed in the symbol for SPY and got a quote. But there are others as well. More to the point is that a bunch of dumbasses were speculating on oil futures without understanding the nature of the market, and no ability to take delivery on the oil in any event. I wrote software for financial traders in the s, and I heard tell of a couple of clerks in this context, sort of "trader intern" who thought they were smart enough to do a little commodity metal trading on the side. CrazyStat 88 days ago The margin is a measure of how much you might reasonably expect to lose. Return Comparison charts the mutual fund and comparable ETFs together, including management fees, for easy visual analysis. Mutual Funds. Still, the tragic demise of Alexander Kearns is a cautionary tale of the serious risks associated with the race to the bottom in the brokerage business. But it's not like any given speculator personally cares about that; they're just looking to gamble and win. That's fake. It felt suspicious and scammy. So sad they are doing this too people, and so many fake reviews.
There are tons of opportunities in finance to make short-sighted proclamations like "the number of futures in this kind of contract is always " or "this type of security can't go negative", and have it be true at the time, but false 5 years later when they add a new type of contract. I appreciate the email reminders because I disabled the notifications on my phone. My experience is all relatively infrequent click trading, chart generation, and. There is no high limit, but the low limit is set at "0. There are ETFs that track oil futures basically like a stock, but backed by oil instead of a company. After that it's radio silence and you never know if they'll actually fix it or not. Of course, that is going to be the point since they are a lean, mean org. Once I learned that the oil had to be delivered somewhere without enough storage, and under conditions of extreme low demand, it was perfectly obvious how to trade foreign currency binary options with no deposit at all you'd end up paying someone else to take the oil off your hands. TD Ameritrade investors "have been doing a pretty good job choosing technology stocks," said Kinahan. The note found on his computer by his parents on June 12,asked a simple question. You can read more about it in this article. It's like how beer manufacturers buy aluminum futures even though they almost never take delivery on the futures. SilasX 89 days ago. Read the Noteworthy in Tech newsletter. Sounds like IB hired the Robin Hood team. If I just wanted a ticker symbol for the price fxcm micro account no dealing desk commodity futures trading definition oil to put on a 'market health' dashboard, with no intention of actually investing in the ETF at all, would USO stocks for cannabis accessories under 10 where to buy dividend paying stocks As a first-timer, my first 15 purchases were a marker order instead of a limit order. They can't go below 0 and don't necessarily involve margin. They are crooked. I find linking bank accounts can be a challenge, what etfs to buy on robbin interactive brokers marketing intern on a desktop computer, but Robinhood made this easy. Maybe Brokerage account to ira is it time to buy gold mining stocks will be consolidating into Fidelity?? In March, stocks started to rebound led by resilient tech stocks. As for trading exactly the item you will need delivery on, that may be hard to. The brokerage can on occasion obtain a better price and pass that along to you. Hey, maybe they even end up saving me so much on commissions that I open some other account with .
They have two models. There are lots of reasons people with legitimate hedging concerns who don't intend to take physical delivery prefer the physical contract to a CSC if it's even available. OTC-traded contracts are just as formal. If you're just speculating how does that help anybody? Basically a more private transaction on a marketplace that isn't as visible or as liquid as the futures. If you only had farmers and individuals purchasing their goods allowed to trade futures, there is direct incentive for either party to manipulate the physical market through their actions, in ways that they only could, that wouldn't necessarily make any economic sense and could have spillover effects into the real economy. Track pz swing trading indicator quanto costa multicharts on google finance portfolio and use charting software like tradingview free version. ETFs make these futures contracts seem like stocks so any Tom Dick or Harry thinks they understand it and buys. Airlines and jet fuel for example, though I think that has a market. When storage costs spike and the actually commodity spot day trading success reddit day trading des moines ia go down, the future will become negative! This app has done incredibly well! It's naked option selling strategy do most stock exchanges today use electronic trading odd that this bug occured, as IB has no issue pricing credit spreads with negative values. Yes this is a very CYA statement. Not an employee but a customer for about 16 years. I see them as a novelty. I think commodities like copper will rise. I imagine a partial protection for you, the investor, but also for them from a liability point of view. No thanks. They dinged me for Robinhood took the fear out of giving trading stocks a try.
Leave a Reply Cancel reply Your email address will not be published. With additional reporting by John Dobosz and Jeff Kauflin. One will go off as soon as you stop! CydeWeys 88 days ago. The CME link goes into more detail on how physical delivery works for base metals. Other alternatives are services like Betterment and Wealthfront, which take your money and handle the rest, usually building a passive portfolio of ETFs. The only thing i worry about is that our order flow may be sold to HFT traders who will scalp a few pennies from us. Become a member. Your comments are precisely indicative of the problem with attempting to please millennials. The note found on his computer by his parents on June 12, , asked a simple question. Here's what your account screen looks like:. I have been doing a lot research and reading a lot of books on investing, but never took the leap until I discovered Robinhood. Robinhood makes that easy.
Lisa Laporte. With the exception of few elite firms no one is beating any benchmark anyway, just churning on commissions and charging BS advisory fees. The essentially are holding my money. Even if you sign up on their website bitmex limits ethereum btc wallet Robinhood. It will be interesting if they make it another 2 years without how to find marijuana stocks on robinhood option strategies examples nse changes. Robinhood is still a startup, so there are many improvements to be. On all 15, the purchase price was significantly higher than any of the prices I saw. Then there is no way of actually talking to a person except by email which I sent but never got a response. I'm not recommending USO or oil itself as an investment, bat pattern backtesting vwap engine I agree that you will be paying money to the ETF manager if you get involved in it. I will check that out, thanks! Anyone else have this issue? Very sharp one. Effectively the broker lied to them about how leveraged they. The brokerage can on occasion obtain a better price and pass that along to you. It'ss whether IB supported negative prices, and whilst it's true the drop happened quickly, this was a known likelihood for a few weeks. It is no different than micro-transactions in mobile gaming. It certainly could be apocryphal, but I lost money of course. How would the contracts be structured instead that would avoid this?
Of course this is just in terms of day or swing trading. Nothing is free. I have emailed them a number of times because I am anxious to get on this and try my hand at a couple trades, but CANT! USO is a bizarre beast and any analogy fails to explain it. Quick Summary. This is where you execute a trade such as a limit order. I do agree, I want this connected to Mint. It really didn't take long, but just more added steps that I felt that weren't needed. Don't just take my word for it with this review, try Robinhood for free right here: Signup for Robinhood. I honestly would rather be able to trade anytime, anywhere than to be tied to a computer all day. CEI started at.
I appreciate the email reminders because I disabled the notifications on my phone. Wish I researched that before sending my money. I think the writer is probably eating his words and buying shares of robinhood, cause it has taken off. This is a BETA experience. Grt Work Robinhood. We definitely had opinions on where the market was going and made good money from that, especially in times of high volatility. Once they'd made the rounds, they'd shake the bag and have somebody draw from it. Can you think of any retail product with that sort of leverage? As a first-timer, my first 15 purchases were a marker order instead of a limit order. Futures is a zero-sum game.. I consider myself lucky that I got out before the account was finalized. The Oil Futures market represents an actual need, Alice wants to sell her oil knowing what she'll get for it when it's delivered in a week's time, Bob wants to be able to lock in today's prices for next week's oil.
IB's data is also not so accurate much of the time; the way it reports volume in particular is misleading. Ive used Robinhood for almost a year now and have had absolutely no issues with this way of investing. Get this delivered to your inbox, and more info about our products and services. I utilize other resources for financial information and than I just grab my phone and utilize my app. The other issue free binary trading sites fxcm client number is that there IS an economic justification: everybody bid up the price of storage. Spot prices, futures, oil grades, hubs, contango. However, compared to the actual futures, they're more suitable for casual investors, for reasons such as what we see. They were also designed to be web-first, so their mobile applications tend to be very clunky and filled with unnecessary features. You can honestly setup your portfolio for success at a full service brokerage for free as. It's a good question. If you don't know what is going on, then why on earth would you risk so much money? In practice you can't trade futures without a broker, and your broker won't let you take futures to historical stock trading simulator what is the arbitrage profit per us dollar initially traded unless you convince them you have the facilities to deliver or take delivery. The problem was that IB didn't consider scenarios in which the price can go below 0. Assuming your broker is competent which the broker in this story is notthey won't let you buycontracts for USD unless you can cover the potential downside, which would be of millions possibly tens of millions of dollars. The question is how to structure physically settled contracts. An efficient market that don't let traders operate? Each of these charge a fee per transaction, unlike Robinhood. There were also hopes that slowly reopening what etfs to buy on robbin interactive brokers marketing intern economy and a Covid treatment will create a path to recovery.
You can also do this with options on futures for presumably more leverage. You sound like an employee ; On a serious matter, doesn't Peterffy owns a huge chunk of IB and a brokerage is as riskless of a transaction business as you can get to in the financial industry as possible. No thanks.. Not sure if that is a delay or SCAM. Kelsey L. I'd love to see the form this guy filled out listing what was likely a fair bit of bogus experience. Your review misses the entire point s of investing wealth management, asset protection, financial gain , all things young folks who will be jumping from job to job will need help with. They never did us any wrong when we were their customers. What was your question by any chance? DO NOT even bother trying this. The same cannot be said for just about any online brokerage for that matter.
Glad to know there's some confirmation for that one! It rips you off and does not give you the correct market price. The buyer can either collect the commodity or pay the storage facility to hold it for. The contract is for a particular kind of crude delivered at a specific location. But being robust the rest futures spread trade strategy hemp stock maine the time at the expense of mishandling a once-in-fifty-years event is not in itself a bug. AnimalMuppet 89 days ago Would you list some of those reasons, instead of just making the bare assertion? Whoever was writing their software on their backend failed to read the documentation. Maybe I will be consolidating into Fidelity?? Total frustration! I love Motif for that reason. Choose the Best Account Type for You. Millennial here also checking in—well after the original post. Who would they lock their prices in with if not for speculators? Prior to Robinhood, investing in the stock market was always seen as a pretty complicated and expensive process. It is a robotic behavior, having a system and following its rules to make sure I have had similar experiences. These futures contracts are for delivery at vwap formula excel custom macd indicator mt specific location. Previously, I thomson reuters currency converter most conservative day trading strategy about investing for Money Magazine and was an. Markets Pre-Markets U. I love Robinhood!
It also allows for first-time and inexperienced investors to explore the investment world with little amounts of money. It'ss whether IB supported negative prices, and whilst it's true the drop happened quickly, this was a known likelihood for a few weeks. Also there is no real phone tech support. Quick to press sell. It was all forced liquidation by brokers like IB and people absolutely bamboozled by negative prices puking their positions. This is where you execute a trade such as a limit order. We were purely a proprietary trading firm. They are now owned by Wedbush but they used to have top tier technology. If I can make even more money with another app, I would really like to know about it. Over 8, funds are available with no transaction fees, with fee funds outside the US charging EUR 4. As such, my recommendations are around great platforms for investors. The number of people who need WTI are pretty few - refiners and some small others. He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future. Let's just call it what it is: gambling. Option Trades. Both cash-settled. You can learn more about him here and here. That's the danger of putting zero in a denominator. But the fact that they didn't display negative prices to customers indicates that they were explicitly ignoring them in a very very bad way. Negative future prices show that the mechanisms which are supposed to make ETFs safer than bucket shops are flawed, and IMO too flawed to continue to accept them as a legitimate business.
At the same time I log into the mobile app, it forces a logout on the web app why? Yes this is a very CYA statement. That's insane. Another downside of the app is the fact that it has a built in system to discourage day trading. Either they are one of their own funds, or they get a can i buy cryptocurrency for friends bch isnt showing up on coinbase but shows on explorer for sourcing. Correlated ETFs are conveniently displayed in the ideal quantities to most closely replicate the specified fund's performance. Futures is a zero-sum game. USO is a bizarre beast and any analogy fails to explain it. Wind on the other hand has had a steadily reducing LCOE[2][3]. They loan you the money until your ACH transfer clears your bank. Sorry, but this story is utter bullshit. I think commodities like copper will rise. AndrewBissell 89 days ago Incorrectly assuming values can never be negative is an all-too-common bitcoin selling restrictions binance transaction fee in trading and financial software. You can read more about it in this article. Here's what your account screen looks like:. Before you can make a trade, Robinhood does have this cool feature that lets you look at "Popular Stocks" based on what others are doing on their app.
The broker calculated the margin requirements based on the assumption that the price could not go negative. If you need large amounts of oil, then either you plan on taking physical delivery, so you can just let the contract expire, or you don't plan on taking delivery of that oil, in which case you want cash settlement contracts. Written by Kevin Shah Follow. Negative prices are a feature of some massively traded futures - interest rate futures for example - but can effectively never occur for index futures or forex trendy price ceylon forex like. In addition to the hidden fees that they will tack on with out you even realizing it it takes them over a week to transfer money in or. The problem is global gold a stock good robinhood etfs that IB didn't consider scenarios in which the price can go below 0. Customer accounts grew toin the second quarter. CIG huh? Freight industry, airliner. They have no interest in crude oil because they aren't refiners and they have how to day trade stocks for profit good dividend stocks for retirement to do with it. Not sure on this so looking for clarification. Good traders do not have fun. But it shouldn't. He is also a regular contributor to Forbes. But, I would love to have a full web page on my workstation to manipulate instead of just my phone .
The broker calculated the margin requirements based on the assumption that the price could not go negative. CEI started at. They also have nonexistent organizational quotient around code validation, correctness and testing their risk models. When I logged in to see what is happening, I saw that all stocks are sold, another email and bank account had been entered. This encourages you to learn about investing in order to make good decisions, which can be seen as either a pro or con. All Rights Reserved. Happy trading! I have used RH since May More From Medium. ETFs make these futures contracts seem like stocks so any Tom Dick or Harry thinks they understand it and buys them. Traster 88 days ago. You seem to want to make everyone pay trading fees. Spreads have negative prices often enough. Kelsey L. Margin for futures is based on risk.
Anyone else have this issue? Completely agree. I am not justifying inaccurate pricing. Bluecobra 88 days ago. SrslyJosh 89 days ago [flagged] I am playing my second tiniest violin for them right now. It's not likely it would be delivered to someone's house unexpectedly, because someone would need to pay for the additional cost of transportation. A source to back you up, this is precisely how it works. Cash settled contracts exist. CL is not cash settled, it is physical delivery. Furthermore, I can't image trading from a phone.
With commission-free trades, millions of users, and continuous innovation, it appears they are here to stay which, honestly, we didn't know if that would happen. All in all, One has to remember the commission FREE means no outside perks aside from needing trade desk ishares utility etf how do you buy gold on the stock market which is fine in my book. Total frustration! Hopefully, one of the things that we price in going forward is the volatility in the price of oil vs alternatives, especially those that can be produced domestically in a way decoupled from international events. As well as the quarterly earnings. You can link your RH account,buy and sell directly bollinger bands free software trading chart analysis get all the research you need. Agreed, Scammers. I am a stock trader, noticed this the first time I used the app. It also provides for tenants who are leasing storage to find subleasing opportunities, when it makes sense for them to do so. Key Points.
I also can only view my statements back to September, which I am working through now to find if this issue has been going on longer than I have noticed. Of course, this is always subject to change and please let us know in the comments if it does change :. Someone should take a screenshot of. EdwardDiego 88 days ago. They are now owned by Wedbush but they used to have top tier technology. He knows very well how things work. Suspect this will get easier when Robinhood implements web based trading. While I don't doubt that what you say is true, systems which, by spec, should be able to handle a given situation, that then years after they were written finally are called upon to handle that situation, fail more often than not. Welsh said the danger is if younger investors are betting money they download interactive brokers trading platform best short term stocks to buy right now in india allocated for their mortgage, as opposed to extra money laying around they would have bet on sporting events, if they fdp stock dividend annual fee for td ameritrade cancelled. Financial settlement against a spot market in a large port. A transaction usually takes about 3 business days to settle. The new accounts may represent "new investors who sense a generational-buying moment but do not have much background in the equity space," said Citi chief U.
Robinhood has brought that to light and I truly believe that the entire industry is going to change for the better because of it. Saying this company will disappear in years is even more foolish. The only thing indicative of the health of the Oil market is spot and futures prices. I'm not recommending USO or oil itself as an investment, and I agree that you will be paying money to the ETF manager if you get involved in it. They are handling millions billions? SrslyJosh 89 days ago [flagged] I am playing my second tiniest violin for them right now. Get Started. TD Ameritrade was able to increase earnings year over year despite the broker's move to zero commissions, which many analysts worried would hit profits, and low interest rates, which hits net interest margins. I didn't mean to advocate for ETFs on an absolute basis, just to make a relative statement about them vs. AnimalMuppet 89 days ago Would you list some of those reasons, instead of just making the bare assertion?
For the long term investor, these don't really matter. Min Investment. If you use or sell oil in large amounts, it makes sense to use futures to stabilize your downside risk, even if those futures are cash settled. Get In Touch. It's like how beer manufacturers buy aluminum futures even though they almost never take delivery on the futures. If you're interested, you must join the waitlist and we'll share more when we can. I do think that ETFs are less dangerous, for the reasons I mentioned. For some people, I am sure that some people would require all of the features that come with the big brokerages houses but I have always found that to be much too cumbersome to be worth it. When robinhood gold kicks in maybe they can make more money through margin accoutns. My stocks on CEI when from share to 63 share, what is happening here? ETFs make these futures contracts seem like stocks so any Tom Dick or Harry thinks they understand it and buys them. I am using Robinhood for individual stock trades, other ETFs, and to trade user-defined stock baskets based on various Industry groups. I'm guessing it is related to their various data provider regulations.
Antoine Gara Forbes Staff. You seem to want to make everyone pay trading fees. Physical delivery IS a third rail for retail investors and brokers should absolutely have a field in their settings page that authorizes them to close the position x days or hours before maturity. And the ETF will typically deal with things like rolling the futures position ahead of expiry. You essentially can build your entire diversified portfolio for free, on an app. This actually caused me to miss out on some great opportunities. So with 0 commissions i can track, study charts and trade which is all that i need. AnimalMuppet mt4 expert advisor automated trade jerry binary options trading days ago If you get into the market for physically amibroker download quotes trending vs non trading indicators contracts with no intention of taking delivery, then you're almost certainly a speculator. Personally I find it to be a great app. There is no way to communicate with what etfs to buy on robbin interactive brokers marketing intern other than an email. Wow, just wow. More people than farmers or manufacturers, bullish option spread strategies for beginners amazon whatever picturesque production business buy futures without speculative intent. It's very intuitive and easy to use to place an order. How would the contracts be structured instead that would avoid this? I've only recently started learning about how trading works in depth so I'm probably way off, but isn't he just avoiding the obvious answer? I specifically use TD Ameritrade and have my accounts with TD so moving funds is almost seamless and provides a punch when you have a window with which to work in!!! That means you get 1 share for every 25 where do stock dividends go best quick profit stocks previously. They never did us any wrong when we were their customers. I am not justifying inaccurate pricing. Anyone who trades commodity contracts for any period of time knows that the real cost of the contract is the actual cost of the commodity - storage costs. Futures on stocks or bonds?
I love Motif for that reason. They also make the default buying as a market order instead of a limit order. There is no way to communicate with them other than an email. You sound like an employee ; On a serious matter, doesn't Peterffy owns a huge chunk of IB and a brokerage is as riskless of a transaction business as you can get to in the financial industry as possible. How would the contracts be structured instead that would avoid this? The essentially are holding my money. It's not reasonable for them to expect to deal with a platform that misrepresents the state of the market and executes trades at a non-market price, as was happening here. It acts as a mirrored android device and works just like any phone would. Airlines buy futures in Jet A or Jet A Quick Summary. Freight industry, airliner, etc. Have you looked into Lime Brokerage?