Interactive Brokers is a scam, 2-3x margin maintenance requirements

bongey said:
(Note I love IB's trading platform that supports linux, so I am very unhappy about firing them).
Interactive Brokers is a scam by having much higher margin maintence requirements they force you into having to trade more, thus more commissions and they can just liquidate your account. Good for me I only transferred in half from current broker,they are getting fired after being on the job for 3 days.

Their margin maintenance requirements are higher 2-3x as high as other brokers.
Example AMD
Capital One 30%
LightSpeed 25%
IB idiots > 66% WTF???? REALLY!!!!

I have a masters degree in math, they try to give you some none-sense about their risk management group coming up with this value.That is none-sense.
AMD would have to drop more than a 1/3 in a day for them to lose any money at all.
That just isn't going to happen, AMD is not going to drop to 8 dollars from 13 in a single day.(note rough math there)
Honestly I think they aren't doing much of any risk analysts, the percent is almost exactly the median analyst target price. Not much about probabilities there

Reality this is just higher to force you into more trades for more commissions.

I am going to give another broker a try.
Disappointed because I am basically I am making HALF of what I make trading crappy old web base Capital One Investing. Let that sink in, make more money using a crappy web base simple solution.
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They are unequivocally a scam. They have liquidated some of my options positions and I’m not borrowing. The only thing in my account is long calls, long call spreads same months. All paid in full on a regular margin account. I have no naked options and have borrowed nothing. Here is the phone call where they explain what happened.

https://voca.ro/1d7sK55ZFa56

If they’re not on the other side of the trade then what risk is there on a cash settled long call spread that’s paid in full?
 
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