What is an IRA Futures Trading Account?
An IRA is a tax-deferred personal savings plan or, in some specific cases, a tax-free plan. Technically, it is a trust account created and maintained for the exclusive benefit of you or your beneficiaries, so it must be established with a qualified and independent trustee. You may not be your own trustee. Thus, you must find a trustee for your IRA account, and you should be sure to verify that the trustee you select allows self-directed futures and options trading, or if you are interested in trading foreign exchange, make sure the trustee allows self-directed trading in spot forex.