Don't be an asshat, you need to at least give IB the chance to look into what happened before you "report" it to a regulatory agency. Otherwise you're just being a dick to both the investigator who has to look into something that could be easily explained and to IB who could have easily explained it. And wasting our tax dollars that should be used to investigate real issues....seriously, I've been with IB for quite some time now and never experienced anything like this. This is a big red flag. Reporting it to CFTC and the Treasury through their whistleblower program. I didn't lose any money, but this isn't ok, folks. IB was already getting suspicious when it started to accept PFOF through its 'Lite' program, but this is kind of breach of trust is on a whole different level. Time to switch to a smaller FCM.
Unauthorized trades on my IB account.
- Thread starter Lucius Lupus
- Start date
They kept passing the phone from one person to the next. After 15 mn of music on hold, I gave up. Since my position/loss was minimal, I told myself it was some kind of a system glitch, so I decided to not waste my time pursuing it with IB. But not this time. This time, it's real criminal activity screaming at you from your screen. I've got screen recording, logs back up my activity (they show I didn't log in the day the trades were made).
Raise a ticket on the support system.
Send them a secure message then. I hate IB as much as the next guy, but I am also humble enough to assume a problem is explainable and at least an even chance of being attributable to me before I fly off the handle. Comes with maturity I guess.
Were they losing trades? If not, wasn't me! 
I watched my screenrecording several times just now, there are no standing orders at the close on Friday and the logs show I didn't log in on Monday when the trades were made. A total of 30+ trades were made on Monday. No algos or automated strategies were active. The thing is that the giant position was working in my favour last night, so if I had logged in last night, my account size would have been 8-10% up. Too weird, but I have the visual/documentary proof that I didn't make those ES trades.
This happens to me too, even last Friday.
IB automatically bought some SPX puts on my account before market closed based on projecting insufficient margin overnight - the following day, when some of my previous puts were expiring. On Monday I was able to buy different, DOTM puts and close the ones IB bought with profit. I just use my margin to the limit even when not having practical risk.
So what time did that happen to you and what kind of trades were they? How much free/available margin did you have?
IB automatically bought some SPX puts on my account before market closed based on projecting insufficient margin overnight - the following day, when some of my previous puts were expiring. On Monday I was able to buy different, DOTM puts and close the ones IB bought with profit. I just use my margin to the limit even when not having practical risk.
So what time did that happen to you and what kind of trades were they? How much free/available margin did you have?
Good to know someone else is having similar issues. Mine weren't any options for hedging. IB just increased the size of my ES shorts by 4 times. I entered the short position on Friday close and didn't log in on Monday. I still had plenty of margin leftover, but a violent move to 3250 next week would have resulted in a margin call. What's surprising is that the positions were working in my favour, so, unbeknownst to me, my net liquidity was 8-10% higher on Monday.