all futures brokers have to do this to extent, and theyre all good things.
you can day trade futures (ignoring newer cme e micros) with a $500 deposit and its an awful idea for a plethora of reasons, but grown adults do it day in and day out blowing out over and over. its clear this leverage needs a little more oversight.
i will note however, i found myself over leveraged in an options position in august 2015 using TDA, and my account went very negative as the platform went completely down for the entire day and no automated or human risk liquidated it on their side..
this was futures options positions. when the platform came up the next day (mind you, no one was answering the phone the times i called, i bet others got killed), I had money in my account so i didn't get what i completely deserved.
I was trying to get some hedges in as soon as ES opened limit down again and i did manage to get a few off. ToS data was nearly instantly frozen so I was using another feed to gauge my orders. I digress with thinkorswim is not good for heavy intraday (and the market data is pretty bad anyway).
after this event, i changed brokerages and focused 100% on day trading and make a living, so it wasnt all bad i guess!
I can only image robinhood has no risk desk, or automated system that do not work correctly for non-trivial option legs
nah, a smaller boutique ish futures broker. IB has excellent order execution and absolutely horrible market data, but i used to use IB with CQG data until they instituted a monthly fee to accounts with high risk positions in (i had a small amount of naked puts, but the fee easily became substantial). i do recommend them if you dont write naked puts etc and dont day trade or use other data
you can day trade futures (ignoring newer cme e micros) with a $500 deposit and its an awful idea for a plethora of reasons, but grown adults do it day in and day out blowing out over and over. its clear this leverage needs a little more oversight.
i will note however, i found myself over leveraged in an options position in august 2015 using TDA, and my account went very negative as the platform went completely down for the entire day and no automated or human risk liquidated it on their side..