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I guess you and I have different opinions on what makes a "better" broker. I'm in favor of clearly-defined policies that anticipate certain events, which are co
by listenallyall 6y ago
I guess you and I have different opinions on what makes a "better" broker. I'm in favor of clearly-defined policies that anticipate certain events, which are communicated to all customers far in advance, so customers can make an informed decision whether or not to patronize that particular company. You seem to be happy with firms like IBKR which might decide, mid-day, at the peak of volatility, to lock out its customers from trading certain securities, without any advance notice or warning.
https://www.investopedia.com/robinhood-latest-broker-to-restrict-trading-of-gamestop-and-others-5100879 https://www.investopedia.com/robinhood-latest-broker-to-rest...
- xiphias2 6y agoI think it wasn't them who decided but the clearing house. Right now HSBC itself did the banning. If you don't like the situation, you can just buy the underlying asset (Bitcoin) and hold it in a cold wallet (I'm doing that).