Hi, I am a newbie in Forex Trading. I tried to enter an order to buy EUR/USD 25,000 but IB did not allow me to trade saying "No IDEALPRO trading permissions". I use only the paper account which has $26K. And they said I should have 1:50 leverage, right? If so, why can't I even place an order of $25K??? Thanks in advance
Most likely because you have no Trading Permission for IdealPro: Log in to Account Management, go to "Trading Access" and there you have to configure what Market Data you subscribe to and what Markets you want to trade.