You learned your lesson already the hard way, regarding chasing brokerage bonuses.Hello all,
Which brokerage do people who do mhfea use.
IIUC only 2 or 3 brokers support futures and options on futures in IRA
Brokers like Robinhood don't support SPX for borrowing in taxable or futures like MES.
Does mhfea followers do brokerage transfer bonus game
I did Robinhood bonus this January, immediately lost ability to do low cost mhfea. Any bonus is being used up for higher expenses of mhfea.
Or even for doing Merrill edge preferred rewards.. not sure if Merrill ed ge support short spx boxes.
I think Schwab don't support SOFR futures.
Can you consider sharing your setup?
Thank you
Schwab (with their ToS applications from former TdA) and IB seem to be the "real" thing, the main difference being that IB provides access to international equity and futures markets; but IB doesn't recall lent securities on dividend ex dates and you cannot avoid lending if you have a margin (negative cash) balance or negative options value, so you pay taxes at ordinary income rates on payments-in-lieu in taxable accounts; I'm not an E-Trade customer, but E-Trade seems to be ok although not quite up to par. TradeStation has good historical data, backtesting capabilities, and trading apps, but is a bit small and fee laden and has no combined equities+futures accounts. Fidelity has no futures trading and is therefore not an option for mHFEA or portable alpha investors. Tastytrade is too small for my taste and lacks scale.
The rest of U.S. and all international (European, let alone Asian) retail brokers seem to be pure garbage compared to the above (no offense). So essentially only 2 serious options, as far as I can tell.
Statistics: Posted by comeinvest — Wed Oct 02, 2024 9:25 pm — Replies 3254 — Views 749479