IB put my account to close only status.

Discussion in 'Interactive Brokers' started by trend2009, May 18, 2022.

  1. M.W.

    M.W.

    Sure but not updating the numbers in both accounts is an obvious red flag.

     
    #11     May 19, 2022
  2. After ib put my account to close only, I opened a new account. Three weeks later, ib froze the new account too. The problem came from I ignored an inquiry about a 50-share trade. IB flagged that trade, asking me to explain. I did not answer, since it is a small trade. Then all problems came. It is hard to talk directly to ib staff. Ib is so big that it does not care losing customers. I am looking for another broker, but not easy to find that matches my need
     
    Last edited: May 19, 2022
    #12     May 19, 2022
  3. M.W.

    M.W.

    Hmm, and? This can hardly be the full story. What stock was it? Why would they ask you to explain. Did you do something you were not supposed to do? In 20 years with IB have I not been asked even once to explain a trade. And I bet I have placed more than 100 times as many trades in those 20 years with IB than you have.

     
    #13     May 19, 2022
    murray t turtle likes this.
  4. Just a cross trade with my another client. Ib detected the two accounts are from the same IP address, managing by the same person.so ib froze all accounts from my iP. In the past, ib only froze the account that received the inquiry.
     
    Last edited: May 19, 2022
    #14     May 19, 2022
    MoreLeverage likes this.
  5. Then you must be working for institution.
     
    #15     May 19, 2022
  6. zdreg

    zdreg

    #16     May 19, 2022
    M.W. likes this.
  7. M.W.

    M.W.

    You can be happy they only froze your account.

     
    #17     May 19, 2022
    murray t turtle likes this.
  8. I just manage friends’ accounts. No illegal activity involved.
     
    #18     May 19, 2022
  9. M.W.

    M.W.

    What you did itself is illegal.

     
    #19     May 19, 2022
  10. You mean cross trade?
     
    #20     May 19, 2022