Which brokers allow autotrading in an IRA account?
Autoshares, TradingBlock, Interactive Brokers/Global Autotrading, and eOption allow clients to autotrade the MCTO strategies in an IRA account. TD Ameritrade does not allow autotrading in IRA account. Because it’s difficult to add additional funds to an IRA account, it’s recommended to trade no more than 50% of the account and leave 50% as cash. About 4 to 5 months out of the year we’ll be in adjustment mode with our iron condor trades because the market has moved a lot, and we’ll possibly need to tap into the 50% reserve cash during these periods.
Which brokers allow autotrading in an IRA account?
Autoshares, TradingBlock, Interactive Brokers/Global Autotrading, and eOption allow clients to autotrade the MCTO strategies in an IRA account. TD Ameritrade does not allow autotrading in IRA account. Because it’s difficult to add additional funds to an IRA account, it’s recommended to trade no more than 50% of the account and leave 50% as cash. About 4 to 5 months out of the year we’ll be in adjustment mode with our iron condor trades because the market has moved a lot, and we’ll possibly need to tap into the 50% reserve cash during these periods.