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You'll borrow money on margin to fund the purchase. Margin requirements are more or less agnostic between long stock and ITM short puts so your buying power will be almost the same. Early assignment notification is on T+1 so even if you liquidate other positions they'll settle on T+2 so you'll...

My experience was that IB conflates wealth and income for the AML stuff. After some back and forth, I found what they really wanted from me was proof of the income that I stated. I removed any hard to prove and less material income sources from my declaration and then downloaded and uploaded my...

Best bet is to contact support via chat and ask them if they can fix it. Don't count on the situation resolving itself quickly even though there's a decent chance it will in my experience. IB may rely on third party information to determine cross margining and may have to involve the third...

It's not rocket science - your friend is long GBP5,585. The "virtual fx" position has nothing to do with ownership of any assets. At some point in time, your friend deposited a large amount of GBP into the account or made a large profit on a GBP denominated security and transferred it into...

It's well documented on Elite Trader that IB sucks like this. It's not you and it's not even really where you're from. Iraq is just one way to trigger it. They like to follow rules very strictly. When I opened up my account with IB four years ago, I was rejected and only managed to open up the...

what version of ie are you using? if something other than the latest version, that could be your problem. the new html statements have problems with mac firefox.

Thank you for being so helpful TorontoTrader. Obviously I need to go trade at Etrade... Maybe you can prove your knowledge and be a bit more helpful by explaining to me how an active sell order [at .60] (green in tws) can be between the bid [at .20] and the ask [at .80]. I would think the ask...

I know the order won't execute. However, I would expect it to be the ask price.

Can anyone help me out by explaining to me what the CSR means. It sounds like nonsense to me, but possibly I just don't understand. ChatSys: This chat is associated with ticket #479414. Please record this number for use in future inquiries. You are currently in room 'Trade Problems'. Ernest...

Perhaps fees settle on T when trades settle on T+3. This could result in negative cash balance if you push close to account equity limits.

fidelity has excellent sweep account options. better than ib for almost all situations. the straight up fido money market has similar rates to ib, fido offers tax free money markets with superior effective rates, and fido doesn't do the whole not paying interest on 10k ($500/year less in your...

you just need to be patient. my experience is that they will do right by you. i wish ib were better as there are no efficiencies to be gained by taking months to resolve customer issues. my customer service experiences this year: 1) incorrect order execution. i had an outstanding limit...

Thanks for the link freehouse. If someone from IB is paying attention, this policy is ambiguous because it does not differentiate between accounts and customers well (the words appear to be interchangable but are not in my case). Assuming that the spirit of the policy is that option...

Does anyone know the method IB uses to distribute option assignments between accounts? I was suprised to find 32/50 at-the-money nakid puts were assigned in one account and 0/25 were assigned in another account over the weekend. I couldn't find the IB option assignment method by doing a search...

for those of us who are forced to used webtrader behind corporate firewalls, it would be nice if you lined up decimal places in the same location for all positions so magnitudes are visually displayed. should just be a simple printf formatting option change or similar. existing display...