Interactive Brokers allow me to submit orders worth millions when my account was only $40K.
Simply check my account total and reject my order if the price hit the bid price (assume it’s a buy order) and I have no money.
This would simplify programming.
I currently keep the information locally then make calls to figure whether price is close enough that I can submit without depleting my yet executed order account total.
It doesn’t make sense that a yet executed order is counted against account total.
Thank you.
Chan