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IB Trades statement P&L in account currency not clear!
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IB Trades statement P&L in account currency not clear!

  #1 (permalink)
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IB Trades statement P&L in account currency not clear!

Hello all. I am trading Forex (paper-trading) with IB, and my account is in USD. One issue I encounter is the lack of clarity as to my P&L. If I close say a trade on AUDNZD, my P&L is shown in some 'weird' amount other than USD, and it's quite confusing to work out my actual P&L in relation to my account balance etc. IB seems to derive pleasure in making things arduous and complicated than they should be! Why they can't just show your P&L in your account's currency like everyone else is anyone's guess.

My question is does anyone know of a free program that can download my statement and display it in a clear and easily comprehensible way and with all my trades P&L displayed as USD? Many thanks

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  #3 (permalink)
Market Wizard
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danjuma View Post
Hello all. I am trading Forex (paper-trading) with IB, and my account is in USD. One issue I encounter is the lack of clarity as to my P&L. If I close say a trade on AUDNZD, my P&L is shown in some 'weird' amount other than USD, and it's quite confusing to work out my actual P&L in relation to my account balance etc. IB seems to derive pleasure in making things arduous and complicated than they should be! Why they can't just show your P&L in your account's currency like everyone else is anyone's guess.

My question is does anyone know of a free program that can download my statement and display it in a clear and easily comprehensible way and with all my trades P&L displayed as USD? Many thanks

You are trading in a cross currency, so your P&L would show in AUD or NZD. I assume in NZD, because its the second currency.
For that matter, your P&L would be converted upon request I assume, if it was a real account.
If you look at the rate of NZD to USD, you should know roughly your P&L.

Again, there could be a customer with a GBP deposit, never the less, the P&L is shown the currency traded.

I hope this helps.
Matt
Optimus Futures

There is a risk of loss in futures and forex trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; October 11th, 2015 at 02:16 AM.
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