SIPP Product at Interactive Brokers

This is a discussion on SIPP Product at Interactive Brokers within the Brokerages forums, part of the Commercial category; Wow! Good news. Would you mind letting us know who the trustee and administrator are? Also, are they are any ...

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Old Feb 21, 2006, 8:31pm   #33
Joined Jan 2006
Wow! Good news.

Would you mind letting us know who the trustee and administrator are?

Also, are they are any restrictions on investments and/or margin?

Thanks.
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Old Feb 22, 2006, 7:56am   #34
 
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yes.ipm sipp administration.ware in herts.tel 08451303443.speak to james.
however,gerald perez at ib has a list of adminisrators that he deals with.ipm are not cheap,but have very few restrictions on the markets i can trade
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Old Feb 22, 2006, 9:36pm   #35
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Thanks.

I would be interested to know whether you are allowed margin on stocks, once you get going.
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Old Feb 23, 2006, 9:01pm   #36
 
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Quote:
Originally Posted by Mattybuoy
Thanks.

I would be interested to know whether you are allowed margin on stocks, once you get going.
my sipp administrator has been in contact with gerald perez of interactive.so far,there is no problem.i am thinking,that to trade on margin,you will have to comply with the exchange recquirements.ie u.s pattern day traders ruling etc.
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Old Feb 23, 2006, 9:09pm   #37
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OK, thanks.

I imagine that margin on futures and options will certainly be allowed, since this does not constitute a loan, but rather a "deposit". However, since margin on stocks definitely does constitute a loan, I am wondering how that ties in with the SIPP borrowing rules. I have been totally unable to gain any sort of clarity on these except with respect to property investment, which is not relevant here.
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Old Feb 23, 2006, 9:14pm   #38
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BTW, sorry to bang on, but I'm finicky about details ...
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Old Feb 24, 2006, 7:52am   #39
 
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i am already trading cfd in my sipp,margin 5:1
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Old Feb 24, 2006, 6:59pm   #40
 
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from what i understand is that the sipp monies are put into the ib universal account.this allows you to trade any xchange that ib caters for.the only thing being you comply with the margin recquirements for that exchange.ie us.pattern day traders rulings.futures,initial margin recquirements etc etc.the one thing you are paying for is the sipp administrators fees.if there are enough t2w members then,i am hoping that ipm might give a good discount
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