There isn't a function in TWS that prevents account holders with margin accounts from making trades that cause their cash balance to become negative, which would then incur interest charges for a margin loan. Traders would want to ensure that their cash balance always remained positive or open a cash account. Negative cash balances are disallowed in cash accounts and orders that cause the cash balance to go negative should be rejected by the system.
Is there a way in TWS that I can prevent myself from making trades that cause my cash balance to go negative?
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Am I currently using margin?
Can a cash account have a negative balance in any currency, and how does Interactive Brokers prevent this?
How is my withdrawal amount now calculated?
How can I verify if I have any margin loans in my account?