I received following message at IBKR.
I have cash account. So I don’t understand what this means.
Can someone explain?
Following violation(s) have been detected for you account U*******: -
Excess Liquidity: URGENT: Please note that the qualifying equity within your account (i.e., Equity with Loan Value) is insufficient to satisfy the margin requirement and, to restore margin compliance, liquidation of positions may commence without further notice.
Well, guess they just proved they (in principle) can do it by selling the share fraction in your ‘margin call’… That surely also did cost some fees, no?
This is hilarious sh1t. They cannot take fees for an execution of a transaction because the proceeds are not settled (no money yet in your account). Then they liquidate something themselves and get apperently money immediately.
It would be funny if on selling the $10 worth of shares, this created commission fees, which immediately put you in the red again, so they have to sell another $10 and then…
I can confirm that they want you to have ~10 USD/CHF left on the account.
My spreadsheet said I could buy X shares, but IBKR wouldn’t let me, so I bought X-1 shares and now there is more money on the account than one share is worth.
Happend multiple times already since I invest via autoFX.
I noticed that my daily activity statement no longer mentions whether my securities are segregated—it simply omits any reference to segregation. Has IBKR changed its reporting, or is this specific to my account? Does anyone know where I can now confirm if my securities are segregated?
I have a cash account, without stock lending participation or fractional shares.
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