Spurious margin call - anyone else getting these?

globalarbtrader

globalarbtrader

This notice serves as a margin call to your futures trading account. A breakdown of this margin deficit by currency type is provided in the table below.

Currency Type
Margin Deficit
Age (Days)
GBP 463,398.52

Margin report:
Excess Liquidity 185,735.61
Margin ratio 56%

GAT
 
I also got that email (with different values).

Going to their portal, my "Commodities Regulatory Margin Report" shows a big deficit. But my regular margin report says everything is fine.

Obviously an error on IB's part. Let's hope they realize their error quickly. (We may have to call to tell them.)
 
I received a second email:
The amount indicated in previous communication "Margin Deficit Notice - Action required" may be incorrect.
This is being reviewed and we will provide an update as soon as additional information is available.​
 
newbunch said:
I received a second email:
The amount indicated in previous communication "Margin Deficit Notice - Action required" may be incorrect.
This is being reviewed and we will provide an update as soon as additional information is available.​
More...

Yeah me too

GAT
 
New email today:

* * * * * IMPORTANT MARGIN CALL NOTICE * * * * *

TO: U****8709

FROM: Interactive Brokers

DATE: 2024 03 07

RE: Margin Call

Dear Interactive Brokers Client:
....
This NOTICE constitutes a MARGIN CALL. ... blah blah

The amount of funds required to restore your account to margin compliance is 0.00614616301027127 GBP. This amount may change based on market prices for the positions in your account and applicable margin requirements.
 
globalarbtrader said:
The amount of funds required to restore your account to margin compliance is 0.00614616301027127 GBP.
More...

I would mail them a paper check for that amount of money LMAO

OK wait a minute... I'm on the other side of the pond here

Do banks in the UK even allow customers to write checks anymore? :rolleyes:
 
globalarbtrader said:
New email today:

* * * * * IMPORTANT MARGIN CALL NOTICE * * * * *

TO: U****8709

FROM: Interactive Brokers

DATE: 2024 03 07

RE: Margin Call

Dear Interactive Brokers Client:
....
This NOTICE constitutes a MARGIN CALL. ... blah blah

The amount of funds required to restore your account to margin compliance is 0.00614616301027127 GBP. This amount may change based on market prices for the positions in your account and applicable margin requirements.
More...
I didn't receive a margin call email today. Lucky me!
 
I have been getting these periodically and just got another one overnight. My account had one mutual fund holding and the balance in cash. No other positions. Is this a widespread problem or am I one of the few, the proud, the margin called? Math seems to be a real challenge for IBKR, as they usually can't even get my average cost right on my TWS screen :banghead:

AM.
 
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