BrianD Legend  Posts: 302 Joined: 2/23/2013 Location: Grand Rapids, MI  User Profile | As a noted by Charles, IB USA will provide margin to cover the T+3 settlement of a position AFTER the position is closed. What often happens when an IRA account is close to fully vested is IB will reject Buy orders until all Close orders have completed. IB never allows all Buy(s) to be placed if value is > Current Buying Power, and Current Buying Power is not ‘recharged’ until all closing positions are closed. Logical order management by IB, but you can never really have a clean comparison/expectation in a simulation of an IRA account (unless maybe you only assume maybe 70% or less vested?). Defines a need (that I believe has been requested) for TP to provide a user selection allowing resubmission of an order, at some time after the Open, if the original entry order was cancelled prior to Open. | |
