Having problems with IB!

This is a discussion on Having problems with IB! within the Brokerages forums, part of the Commercial category; I set up my account with GBP base currency and i transfered in my cash. However, i tried to place ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 8, 2004, 8:30pm   #1
 
Creech's Avatar
Joined Jul 2004
Having problems with IB!

I set up my account with GBP base currency and i transfered in my cash. However, i tried to place a trade on YM (1 contract) but im getting the following error message:

order rejected - reason: No trading permission: account requirements

Im hoping someone could help me out on this. Is it because i need to buy USD? But i thought IB in a sense lent you USD to trade US products? I spoke to an IB customer service rep online and she said i needed to select "Forex permissions" in the account management window but i cant find that!

Thanks!
Creech is offline   Reply With Quote
Old Nov 8, 2004, 8:34pm   #2
 
frugi's Avatar
Joined Mar 2003
Login to www.interactivebrokers.co.uk, account management. Click Trading Permissions. Tick Futures>>United States and maybe Forex>>IB Forex and you're off, with luck.
frugi is offline   Reply With Quote
Old Nov 8, 2004, 8:35pm   #3
Joined Dec 2002
Doesnt matter what your base currency is in.

Why did they tell you to select "Forex Permissions"? You need permission to trade futures, not forex. That message comes up only if you have the wrong account or if you havent gone through the various disclaimers etc for that instrument.
__________________
Please do not message me about account deletion or moderation.

For advertising issues ONLY please email advertising (at) trade2win.com
rossored is offline   Reply With Quote
Old Nov 8, 2004, 8:41pm   #4
 
Creech's Avatar
Joined Jul 2004
Creech started this thread Yeah i know i thought that was odd too. I asked her what to do next and she said "i cant guide you though it, just look through everything and make sure forex is checked". How helpful!

Should i select 'Cash' then in the trading permissions section? At the momenet 'margin' is selected.
Creech is offline   Reply With Quote
Old Nov 8, 2004, 8:47pm   #5
 
frugi's Avatar
Joined Mar 2003
Margin
frugi is offline   Reply With Quote
Old Nov 8, 2004, 8:59pm   #6
 
Creech's Avatar
Joined Jul 2004
Creech started this thread Margin was already selected so i guess its not that then.

Ive attached a screen shot of my account mgt window if that helps.
Attached Thumbnails
acct-mgt.jpg  
Creech is offline   Reply With Quote
Old Nov 8, 2004, 9:25pm   #7
 
frugi's Avatar
Joined Mar 2003
Quote:
Click Trading Permissions. Tick Futures>>United States and maybe Forex>>IB Forex and you're off, with luck.
I take it this hasn't worked?
frugi is offline   Reply With Quote
Old Nov 8, 2004, 9:35pm   #8
 
Creech's Avatar
Joined Jul 2004
Creech started this thread Ahh yeah thanks i think i sorted it out. I didnt select US futures for the products i wanted to trade when i opened the account! Oh well now i have to wait 24 hours till they approve it!

Thanks again for your help!
Creech is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
quote tracker and IB prometeo1984 Brokerages 12 Sep 28, 2009 8:09pm
IB now offers over 50 AIM shares on the LSE Interactive Brokers Stocks 1 Dec 23, 2008 3:50pm
IB dax market data WinstonSmith Brokerages 2 Jun 20, 2007 1:06pm
IB and Amibroker Stevemaster Trading Software 0 Jun 11, 2007 2:35am
jTWScharts for IB now with Forex orionn Trading Software 0 May 16, 2007 11:57am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)