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Bill, I think you missed the point.
I downloaded the account application forms, including the IRA documentation (i.e., beneficiary info) from the MB Trading site. Based on this, how would I even think to ask whether you could use their system for an IRA? In fact, you can only use their system for an IRA if you want to phone in your orders. Give me a break!
I would respectfully disagree with you regarding an IRA being an appropriate vehicle to day trade. Frankly, it's the only place in my opinion. I don't have reporting hassles for the sales transactions and don't need to deal with current taxation issues. BTW, I also don't trade to lose money. I try to position trade in bull markets and day trade in bear or non-trending markets. However, I would agree with you that if you were going to choose to lose money, an IRA wouldn't be the place to do it (you might want to click on my bio), but then, why would you play this game at all.
Berney
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