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Interactive brokers currency balance

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Luxembourg
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB / Kinetick
Favorite Futures: ES, ZN
 
Fadi's Avatar
 
Posts: 483 since Apr 2012
Thanks: 654 given, 636 received

I also have my IB account configured for EUR as base currency since I live in Europe and my cash transfers from and to the trading account is done exclusively in EUR...

But I also hold various amounts of the top 7 currencies, including USD of course since all my trading on CME futures are in USD. Short answer, you have to manage your own hedging on currencies, IB for sure will not be doing that for you

If the balance of any currency you hold is negative, you are charged a daily interest rate, the percentage depends on the currency which is on loan (https://www.interactivebrokers.com/en/index.php?f=interest&p=schedule2)

basically, you can take a 6E future or option in the opposite direction, or simply initiate a forex trade on the EUR/USD or whatever pair you want to hedge for your FX fluctuations.

You have to manage your IB account like a pro no way around that.

Cheers
F

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