So I recently moved one of my accounts to Tradier thinking it would be better but sad to say it's not much better
If you want to trade calendars and diagonals on indexes they require to have a 100K account
Why ?
I don't know and since all the platforms are tied to Tradier like TradeHawk they all have the same problem
I asked them about it and this was the reply
"Calendar spreads, for the purposes of calculating requirements, are viewed similarly to uncovered contracts
because they are European style and cannot be exercised early. This applies to all Tradier accounts regardless of
whether you’re using a platform or not."
Maybe I am not an expert but I don't see how this makes any sense and why other brokreages don't have this requirement
Because it cannot be exercised early this is making the calendar appear to be the same as an uncovered contract ?
Can someone explain the logic because I don't see it
Well looks like I will be looking for yet another brokerage soon
If you want to trade calendars and diagonals on indexes they require to have a 100K account
Why ?
I don't know and since all the platforms are tied to Tradier like TradeHawk they all have the same problem
I asked them about it and this was the reply
"Calendar spreads, for the purposes of calculating requirements, are viewed similarly to uncovered contracts
because they are European style and cannot be exercised early. This applies to all Tradier accounts regardless of
whether you’re using a platform or not."
Maybe I am not an expert but I don't see how this makes any sense and why other brokreages don't have this requirement
Because it cannot be exercised early this is making the calendar appear to be the same as an uncovered contract ?
Can someone explain the logic because I don't see it
Well looks like I will be looking for yet another brokerage soon