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We were having two parallel conversations. The first is that I looked at the wrong section and other than Investment was Margin Portfolio as an account type. I went back and then saw Leveraged Trading as an option. Leveraged Trading is what you are talking about, and you are correct in your...

OK, thanks to a chat with a helpful person, thanks Mike you are a legend, I worked out what is going on. In my cash account in AUD when paper trading with a balance of AUD 380K, I was charged full price for an ES contract of USD 160k or something similar. It has been explained to me that with a...

I am happy to stand corrected. If I don't have over 100K in cash, in my account or anywhere else I can get a margin portfolio if I earn over 40k? A Portfolio Margin account is what I have applied to upgrade to, as there is no other options. I wish this was clear in the docs and you had stated...

For anyone following, you do need USD 110 k to be able to open a margin account with IB to be able to trade US futures on margin, or anything for that matter. Margin wasn't offered to Australians previously, now it is with 110 K cash balance, or in liquid assets. From the documentation...

Thanks for reinforcing my go slowly approach, and the general support.

Off topic, but sort of on, SPY followed a pattern of a low after 8 minutes, and then climbed to a little peak at 30 minutes after NYSE open about a month ago. This seemed regular like clockwork for days on end, then stopped for a few before continuing. Then just the dip for a few days. I...

These things are generally due to chain of events. I know forums aren't for 'caring and sharing' but this started with me having 'insufficient cash' problems in my paper account with FX. I could buy but couldn't sell, as well as not initiate a sell. I had this nightmare scenario of real trading...

If I could delete the original post I would. I'm an idiot, RTFM, operator error. Thanks to HobbyTrading for that link. Mods can remove. The documentation for IB is absolutely terrible with numerous types of accounts mentioned, no simple overviews and nothing at all being clear; to anyone new to...

I will restrain my frustration from any comments that may offend, and refer you to https://www.elitetrader.com/et/threads/australian-customers-futures-and-margins.345941/

I’m trying to get my head around IB and margin on US futures for Australians. I have a ‘cash type’ account at the moment which has no margin obviously. This difficult to find page - https://ibkr.info/article/2101 - has information that was not made known to me on application and approval from...

Thanks for your reply. I've been freaked out by IB TWS in the paper trading account where I have AU$ 380 K. I purchased one 1ES and when I went to sell it, it gave me an 'insufficient cash' message. So it would appear a 'cash type account' is just that. I'm confused and now angry, which seems...

I’m after help from some Australians for trading E-Mini S&P 500 Futures. I have an Interactive Brokers account and misread that I needed US$ 14k as margin, but it appears that I need around US$ 100k in balance for a margin account to trade one contract. I have searched but without success on...

It was a result of not buying/selling the full amount of FX and then trying to clear it, leaving residual cash. Good to make the mistake in order to learn not to do it again. I would guess that IB very rarely sees this problem as I haven't seen it mentioned anywhere else. All part of the long...

A snapshot for anyone following and is confused as everyone seems to be.

In my paper trading account I can buy AUDUSD $ 25,0000 with it being processed. When I try to sell the same amount I get the message 'insufficient funds'. There is a balance of over a million dollars in AUD, but USD is $ 24,999 due to some nominal balance. I'm unable to initiate a sell due to...

Real account has settled, but it seemed to take a while possibly due to the time zone difference adding an extra perceived day. The paper account needed a cash reset. Thanks for the reply and the T+2 time frame.

I know this is operator error, as I have searched and experimented for a solution. I’m currently using paper trading to get a feel for TWS and I’ve lost my confidence to use my real account due to non-base currency balance issues. In paper trading I have ‘insufficient funds’ problems allowing...