BenjFranklin
Active member
- Joined
- Jun 24, 2023
- Posts
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I love the MW demo and want to use MW as my platform to scalp futures in my InteractiveBrokers account.
I know I can subscribe to MW and "connect" it to my IB account, but exactly what does that do?
For example:
1. Do I understand correctly that in my situation, MW simply acts as the charting/execution platform that bypasses the TWS platform, while IB is the actual account where all the activity occurs?
2. Does MW "respect" the IB margin requirements? IB offers no reduced intraday margins -- meaning each futures contract must have full margin in the account (for NQ and ES, that's around $18,000 per contract), which is fine with me as my IB account can handle that.
3. Are there any negatives to using MW connected to an IB account?
Thanks!
I know I can subscribe to MW and "connect" it to my IB account, but exactly what does that do?
For example:
1. Do I understand correctly that in my situation, MW simply acts as the charting/execution platform that bypasses the TWS platform, while IB is the actual account where all the activity occurs?
2. Does MW "respect" the IB margin requirements? IB offers no reduced intraday margins -- meaning each futures contract must have full margin in the account (for NQ and ES, that's around $18,000 per contract), which is fine with me as my IB account can handle that.
3. Are there any negatives to using MW connected to an IB account?
Thanks!