Hacker News new | ask | show | jobs
by seniorThrowaway 1962 days ago
I don't think that is correct. They stopped options trading in it not 100% cash backed stock buying or 300% cash backed shorting. I think their position is fairly reasonable and as an account holder there I don't want people going crazy on leverage on this amount of volatility.
3 comments

That's what they advertise via Twit. But if you try to buy even 1 stock of GME on non margin account (our own money only) it doesn't allow you to do that. I have a screenshot for that if you want. And customer support line is overloaded as expected.
Got email from IB that you cannot open new positions on GME this morning.
Probably not even long positions and probably just purely for liability reasons to stay away from the mess when shit hits the fan
ok that is unfortunate I didn't go all the way through with trying to actually buy. I'm a long time customer and they were definitely better before they went public