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Interactive brokers currency balance

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Milan (I)
Trading Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
redratsal's Avatar
Posts: 1,653 since Oct 2010
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sam028 View Post
Thanks @redratsal, the video was helpful.

But from what I understand the collat. loan basically remove the currency risk, for a cost of 1.61%/year for USD (which seems fine to me). So if you don't want to manage your account like a pro and like @Fadi , and assuming you have an account in Euros and no other loan in USD, just buy the USD instrument you want and that's it!

Depending on the amount of your account and your trading style, 1.61% year might be costy, avoid beeing on a loan best thing imo is to right click on the mouse when you place the order and attach FX, IB will buy foreign currency for the exact amount of your order without creating a loan. As far as currency protection you'll have to manage it like you and Fadi said.

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