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Definition of borrow currencies in interactive brokers account?
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Definition of borrow currencies in interactive brokers account?

 
Elite Member
New Haven, CT/USA
 
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Definition of borrow currencies in interactive brokers account?

What kind of forex pair would need to "borrow currencies" in IB account?
Is USDJPY considered as borrow currencies? (the value in the account with USDJPY always expressed in yen)
Thanks!

 
 
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sw88 View Post
What kind of forex pair would need to "borrow currencies" in IB account?
Is USDJPY considered as borrow currencies? (the value in the account with USDJPY always expressed in yen)
Thanks!

Borrowing depends on the currency in your account(s).

If you buy something that is settled in another currency than your funds, you will have to either
- buy the currency needed to settle
- borrow the currency

 
 
Elite Member
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Sorry, I didn't make it clear. My base currency is USD. So, if I trade USDJPY, will it be settled in JPY or USD?

 
 
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sw88 View Post
Sorry, I didn't make it clear. My base currency is USD. So, if I trade USDJPY, will it be settled in JPY or USD?

Settled in JPY


 



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