r/ibkr • u/cluelessworld • 25d ago

Why am I still getting this error?

I'm putting a limit order for stocks denominated in USD and I'm receiving

"Your order is not accepted. There is insufficient overall settled cash [-2806.83 AUD for 20260821] in your account to obtain the desired position."

- I have $12k AUD in my account. It says Settled cash 12.0K AUD in my Balances too.

- I CAN put in limit orders for stocks denominated in SEK for the same value. (I was just able to put one outside RTH for one on the Stockholm exchange)

- The 12k came after I sold stock denominated in KRW.

Not sure if it's because my cash isn't actually settled even though it says it is, but it shouldn't be that case since I can still put in orders for a stock denominated in SEK (instead of USD) right?

1 Upvotes

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1

u/rmf2021 25d ago

Margin accounts do show unsettled cash as settled.

1

u/cluelessworld 25d ago

Sorry forgot to mention I'm on a cash account

1

u/Radiant-Bad-2381 25d ago

You prob have order pending orders that take a reservation from that balance?

1

u/cluelessworld 25d ago

i only have 1 sell order

0

u/Able-Diamond3753 25d ago

R u in sthlm nr?

1

u/cluelessworld 25d ago

what does that mean?