Can I ask what type of options you are trading, ie single stock options or Index Options? I have an interactive brokers sipp account but they are telling me I cannot trade Index Options, although I am allowed to trade single stock options. I am just not sure if this is IB or my sipp administrator that is imposing these restrictions.
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Best brokers for active ISA and SIPP traders
- Thread starter HarbyTrage
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Can I ask what type of options you are trading, ie single stock options or Index Options? I have an interactive brokers sipp account but they are telling me I cannot trade Index Options, although I am allowed to trade single stock options. I am just not sure if this is IB or my sipp administrator that is imposing these restrictions.
Original Options Trader
Junior member
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Hi mcginj
i trade etfs and stock options. I did try a vix spread but ib would not allow me to so i just bought a vix call instead. i have also bought DIA put options. which index did you try. i would speak to your administrator firstly. mine allows me to trade anything that IB allow.
Hi folks
i am also looking to set up a SIPP. I want to trade US options but not sure if this is allowed in a SIPP. I not then hargreaves lansdown seem competitive on fees. I found interactive brokers trading quite complex but that was about 3 years ago.
I opened a SIPP with Hargreaves and Landsdown. Yes, they have a reasonably low trading fee, but they charge a humongous 1.7% fee on currency if the trade is below 10k GBP. To me this is robbery!
I posted this question to another thread as well. It would be great to hear if anybody has any experience on the various SIPP administrators that IB accepts.
IB has now a list of approved SIPP administrators (see below). Has anybody experience on using these administrators? Any thoughts about the costs and any limitations to instruments?
https://www.interactivebrokers.com/en/?f=/en/accounts/individuals/sippAdministrators.php
IB has now a list of approved SIPP administrators (see below). Has anybody experience on using these administrators? Any thoughts about the costs and any limitations to instruments?
https://www.interactivebrokers.com/en/?f=/en/accounts/individuals/sippAdministrators.php
Original Options Trader
Junior member
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i think INTERACTIVE BROKERS are excellent. their fees are really low and they have some great tools especially for options trading. i like that fact that i can trade UK and US Equities and chart them.
I am convinced that IB is excellent. I have been using IB for about 5 years now. I was hoping if someone could share their experience in setting up a SIPP account with the IB approved administrators and trading their SIPP money with IB
Stadia Trustees Ltd
Berkeley Burke
Corporate & Professional Pensions Limited
SIPP Willow Trustees Limited
SIPP (Pension Trustees) Ltd
Carey Pension Trustees UK Ltd.
European Pensions Management
NSS Trustees Limited
These administrators can be found in this IB link:
https://www.interactivebrokers.com/en/?f=/en/accounts/individuals/sippAdministrators.php
Thanks in advance!
Stadia Trustees Ltd
Berkeley Burke
Corporate & Professional Pensions Limited
SIPP Willow Trustees Limited
SIPP (Pension Trustees) Ltd
Carey Pension Trustees UK Ltd.
European Pensions Management
NSS Trustees Limited
These administrators can be found in this IB link:
https://www.interactivebrokers.com/en/?f=/en/accounts/individuals/sippAdministrators.php
Thanks in advance!
Original Options Trader
Junior member
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- 0
Hi there
I decided to go with corporate & professional pensions. they are a small family firm and their charges were low. they set everything up and i have now been trading with IB through them since jan this year. pleased with the service.
I decided to go with corporate & professional pensions. they are a small family firm and their charges were low. they set everything up and i have now been trading with IB through them since jan this year. pleased with the service.
SIPP with IB - any advice on trustee?
Hi Original Options Trader,
I saw your post on Corporate & Professional pensions, SIPP trustee with IB. Could you please share if you are still happy with their service?
Thank you so much in advance!
Hi there
I decided to go with corporate & professional pensions. they are a small family firm and their charges were low. they set everything up and i have now been trading with IB through them since jan this year. pleased with the service.
Hi Original Options Trader,
I saw your post on Corporate & Professional pensions, SIPP trustee with IB. Could you please share if you are still happy with their service?
Thank you so much in advance!
Original Options Trader
Junior member
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- 0
Hi Norilsk
Sorry for the late reply. Yes I am happy with them still been good. are you trading options?
Sorry for the late reply. Yes I am happy with them still been good. are you trading options?
Hi Original Options Trader,
I saw your post on Corporate & Professional pensions, SIPP trustee with IB. Could you please share if you are still happy with their service?
Thank you so much in advance!
rotatorcuff
Newbie
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- 1
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Trading Options in a SIPP
Hi OOT
I have the same setup as you. What type of option strategies are you trading?
IB won't let me trade any debit or credit call spreads on single equity options and not on almost all index options, the exception being SPX becasue it is US and European style exercise. I can't even do call spreads on the FTSE100 index options even though that is also European style exercise. Debit call spreads are limited risk but it seems that IB's system doesn't recognise this, and it's not allowed just because there is a blanket ban on selling calls irrespective of the fact that there is a long call covering the risk in a spread trade.
IB says that the only way they would allow these trades if the account was a margin account but a SIPP account from C&P pensions is cash only. Are you trading options strategies where none of them involve a short call leg?
Hi there
I decided to go with corporate & professional pensions. they are a small family firm and their charges were low. they set everything up and i have now been trading with IB through them since jan this year. pleased with the service.
Hi OOT
I have the same setup as you. What type of option strategies are you trading?
IB won't let me trade any debit or credit call spreads on single equity options and not on almost all index options, the exception being SPX becasue it is US and European style exercise. I can't even do call spreads on the FTSE100 index options even though that is also European style exercise. Debit call spreads are limited risk but it seems that IB's system doesn't recognise this, and it's not allowed just because there is a blanket ban on selling calls irrespective of the fact that there is a long call covering the risk in a spread trade.
IB says that the only way they would allow these trades if the account was a margin account but a SIPP account from C&P pensions is cash only. Are you trading options strategies where none of them involve a short call leg?
Hi OOT
I have the same setup as you. What type of option strategies are you trading?
IB won't let me trade any debit or credit call spreads on single equity options and not on almost all index options, the exception being SPX becasue it is US and European style exercise. I can't even do call spreads on the FTSE100 index options even though that is also European style exercise. Debit call spreads are limited risk but it seems that IB's system doesn't recognise this, and it's not allowed just because there is a blanket ban on selling calls irrespective of the fact that there is a long call covering the risk in a spread trade.
IB says that the only way they would allow these trades if the account was a margin account but a SIPP account from C&P pensions is cash only. Are you trading options strategies where none of them involve a short call leg?
Late comer to this thread. I'd be interested in any information in regards to this. I'm already successfully trading options via Interactive Brokers via a corporate account and would like to open a SIPP account as well. With my existing account it is a margin account so I trade what I like without trouble. Ideally I'd like the same flexibility with the SIPP account...