Quote from yip1997:
I have no problem with IB increasing margin. However, imo if they really have a plan to reduce the risk, they should send the schedule in advance, not one hour before they implemented the new rule.
Can you trust a brokerage firm who change the margin rule any time they "feel" they like it? Perhaps one day, they feel "no margin" is the safest way, and they liquidate your position to satisfy their "safest" rule. I know it is a black swan, and it "never" happens. But should we protect ourselves from black swan?
I am just angry that they changed the margin rule an hour before the implementation. As I have said before, they should send the schedule to every customer if they indeed have a plan. I don't understand why "risk-averse" traders like to see a surprise on their margin requirement.