Trade USD Quoted Futures as a person living in EUR Zone most effectively

NexusFi · 2019-07-17T06:50:59-04:00

Regarding margins, I don't know what the usual procedure is, but here is how my broker handles my non-USD account. As far as I know, it is not required that a foreign currency balance is converted in order to buy USD-denominated instruments. When buying/selling products that settle in USD, I generate a separate USD balance. So, a EUR balance can be used to cover margin at the exchange. Any profit/loss from trading those USD-based instruments will settle in USD. So, I will be generating a separate USD balance. …

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Updated July 17, 2019

Trade USD Quoted Futures as a person living in EUR Zone most effectively

July 17th, 2019, 06:50 AM	#11 (permalink)
comegetme Los Angeles, CA Posts: 7 since May 2015 Thanks Given: 0 Thanks Received: 1	Does it work the same way at Interactive Brokers? Or do I need to have a separate futures margin in every currency that my futures are denominated in? It matters also because there is a hurdle (e.g. $10,000) below which no interest is paid on the futures margin.