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JeffW

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25
Posts: 47

Joined: 10/21/2012
Location: Dallas, TX

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Subject : RE: OmniVest and IRA Accounts
Posted : 3/26/2013 10:58 AM
Post #24927 - In reply to #24910

I inquired with gxtrader/Transcend whether they will be able to provide a similar "margin" IRA like what IB has so don't have the issue with 3 day clearing and the answer I got back was no. Their clearing firm (Apex Clearing) does not allow that type of account, and based on what FINRA had instructed them, they would not be able to. IB must be a self-clearing brokerage, so they must have different rules/interpretation of rules than Apex.
Deleting message 24927 : RE: OmniVest and IRA Accounts


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