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Interactive Brokers Debit MasterCard linked to Brokerage account

  #26 (permalink)

Helsinki, Finland
 
Trading Experience: Advanced
Platform: SC/CQG, API/Rithmic, TWS
Broker/Data: AMP, Interactivebrokers
Favorite Futures: ES, CL
 
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Posts: 173 since Jul 2010
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muttoez View Post
It appears to be a standard debit card arrangement.

This is from the FAQ section:

What happens if I charge something overseas in a non-US currency?

Mastercard converts the currency to US dollars and this is how it appears on your statement.

To convert your transaction's currency to your card's currency, see the Mastercard® Currency Conversion Calculator

The fee schedule confirms that there are no currency conversion fees.

Sounds logical.

But you can bet they will get their conversion fees by wiiiiiiiiiiiiiide spreads

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