I'm new to IB and tested a trade so i can get familiar with the system.
I set a LIMIT BUY for 10 SKX @ 30USD
1) Firstly, I never got an email to notify me the order executed. I checked global configuration and it appears it should have notified me via email. On another note, disabling the annoying beeping sounds in alerts does not work, and i still get bleeped everytime TWS opens up.
2) I have a cash account, yet when I went to submit the order, it had info about:
Equity with Loan
Initial Margin
Maintenance margin.
I don't want margin, i just want pay with cash which I had more than enough in my account. I did some digging and according to this link
https://www.interactivebrokers.com/en/index.php?f=3983 "
"It's important to note that the calculation of a margin requirement does not imply that the account is borrowing funds, employing leverage or incurring interest charges. IB will only generate a margin loan in the event that the account does not have sufficient settled funds to support the purchase of additional securities or holding of existing securities. "
3) After checking my account online, I noticed 2 messages which, again I never received in my email, telling me there was 2 liquidation events! Despite having more than enough cash.
I don't understand how a simple cash account can be this complicated. Does every trade with IB have to include their arbitrary margin requirements? How can you disable that and only trade with your own cash and not be subject to random liquidation events.