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Account currency for US futures trading in IB


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Account currency for US futures trading in IB

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  #1 (permalink)
Christchurch, New Zealand
 
 
Posts: 10 since Mar 2018
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If I want to trade ES futures through IB do I need to convert my account balance from my base currency (NZD) to USD or can I put up my NZD as margin?

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mitty View Post
If I want to trade ES futures through IB do I need to convert my account balance from my base currency (NZD) to USD or can I put up my NZD as margin?

I am not with IB but presumably they all work in a similar way. When you send the money in your currency you get two balances: one in your own currency and the other typically in USD (when trading products in USD).

You can also ask that your currency is converted into USD so that you have only one balance but chances are that will cost you extra.

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Last Updated on March 28, 2018


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