Depends on your base currency and the currencies you are trading. For example, if you have a USD account and buy X Euros and then sell X Euros,...
A few months ago one of the retail forex brokers was going public and provided some insight in their prospectus. Unfortunately I don't recall...
Samovar - You need to do a daily reconciliation of your account and state specifically what line in IB's daily statement is off. Just saying...
You can't have a negative currency balance with a Roth IRA. Buying USD.EUR is the opposite of buying EUR.USD. These are actual currency moves...
If you're going to be fairly active with your trading, I would just leave the EUR in your account. IB isn't paying any interest on the USD so no...
You need to check the interest rates paid (from IB to you) versus the interest rates charged (paid by you to IB). These are posted on their web...
The last one I found was from April 1. I had 0.28 GBP and IB wiped it out and gave me 0.43 USD. It showed up in my activity statement as a...
IB will periodically convert small balances back into your base currency at day end rates without charging a commission. You don't need to do...
Don't lose any sleep over it. Good PR for the member of Congress that put it in a bill but I don't think the Administration's Treasury honchos...
The conventional wisdom seems to be to report forex P/L just like futures on form 6781. That will give you a 60/40 long term/short term capital...
I still don't understand why IB closes off NZD.USD trading for several hours. They use to do the same for AUD.NZD but recently changed it. It...
My IB account had been open for several years. Then my SecureCard broke and I needed a new one. This required sending IB a copy of my ID which...
They are there already except about twice a week I get a note from IB telling me they've been updated. As I recall, updates for 2008 continued...
You're not going to get a settlement from IB for this. SMART routing has it's advantages and disadvantages. Generally it works out OK but on...
I saw the ad and was surprised as well that IB was using it. The whole strategy falls apart when interest rates go up resulting in a higher...
They look at your settled cash balance each night in each currency. If a negative value, you are charged interest for the night on that currency...
You are charged the 1.61% only on your overnight balances. If a day trade, then you haven't borrowed anything.
I think there's just way too little volume to make it worthwhile. The big players make purchases and hold long term. There's just not that much...
Interactive Brokers displays the bid/ask from NYSE or the Bond Desk. The spreads are generally terrible on all but the most traded bonds and...
No problem for me. Did the price trade through your limit order? The only time I get partial fills is when my limit order is hit by another IB...
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