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Thanks. The reply I got from their trading support is that price caps WILL not be removed for any particular instrument or for the account under any circumstances or conditions. So what you are mentioning is not feasible as confirmed by them. My issue is not with price caps on options (I never...

This is what they have been telling me already in response to my tickets. They kept copying and pasting the same silly response over and over. I am asking them to investigate a certain case and they respond generally that they won't remove their price caps for any symbol or for any account...

Thanks for the feedback. I already requested to speak to their compliance and if that didn't yield anything useful, I will file a FINRA complain for sure. I know about AMP, they have v.good reputation, but I am used to IB since 2006 and selling naked options is one of the strategies I use. I...

Thanks Valery. I also never experienced any issues with price caps with IB until the markets got crazy in the last 4 weeks. I am sure their algorithm for price caps has flaws, otherwise, it wouldn't cap an order which is within the approved exchange price limits for the day. In practice, a LMT...

Fellows, Need some advice here. IB imposes price caps for limit and market orders (mainly for commodity futures) based on a certain algorithm. I got multiple cases where this caused very serious problems to me, mainly because of flaws in the algorithm they are using. The first case was when I...