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BrianD

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Posts: 302

Joined: 2/23/2013
Location: Grand Rapids, MI

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Subject : RE: Second IB Account
Posted : 10/30/2013 5:52 PM
Post #27465 - In reply to #27464

Sid: I have a Master account sitting above two active accounts - one a cash, one an IRA.

Twice (one just today!!), I gotten illogical messages along the lines of 'cannot execute because of conflict...' - along the lines of you can't short when you are going/already long in another account? The positions are in two separate accounts, so...I asked IB to explain what happened, they never did. And IB has always been excellent in any other matter I've brought to their attention, so I don't think they knew what happened either.

Net, I'm thinking of dissolving the Master account scenario (which is a TON of paperwork to accomplish). I may be wrong as to what is happening, but I would never do the Master Account again. I do not find any real value, had problems with paper trading accounts with the Master and I don't have time to chase down why I get illogical messages in real trading accounts, like the aforementioned. I guess if you were managing a number of accounts, then maybe some value...my 2 cents.
Deleting message 27465 : RE: Second IB Account


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