Daniela
Thu Jun 06 2024
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7 answers
1466
ust have: Margin approval (check your margin approval) (required for margin accounts.) A minimum net liquidation value (NLV) of $25,000 to trade futures in an IRA.An account minimum of $1,500
Could you please elaborate on the requirements for margin trading? Firstly, how can I check my margin approval status? Secondly, what exactly is the minimum net liquidation value (NLV) of $25,000 required for trading futures in an IRA? Additionally, could you clarify the meaning of an account minimum of $1,500? Are there any other essential conditions or prerequisites that I should be aware of before engaging in margin trading? Thank you for your assistance in clarifying these points.
HanRiverVisionary
Thu Jun 06 2024
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6 answers
1215
ust have: Margin approval (check your margin approval) (required for margin accounts.) A minimum net liquidation value (NLV) of $25,000 to trade futures in an IRA.An account minimum of $1,500.
Could you please explain in detail the following requirements for trading futures in an IRA? Firstly, what is margin approval and how can I check my status? Secondly, why is a minimum net liquidation value (NLV) of $25,000 required? Finally, could you clarify what is meant by an account minimum of $1,500 and how does it affect my trading activities? I'm interested in understanding these prerequisites to ensure I meet all the necessary criteria before proceeding with futures trading in my IRA.
