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Definition of borrow currencies in interactive brokers account?


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Definition of borrow currencies in interactive brokers account?

  #1 (permalink)
 sw88 
New Haven, CT/USA
 
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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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  #3 (permalink)
 
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 rleplae 
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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

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  #4 (permalink)
 sw88 
New Haven, CT/USA
 
Experience: Beginner
Platform: MT4, thinkorswim
Trading: stocks
Posts: 34 since Jul 2015
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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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  #5 (permalink)
 Obelixtrader 
Slovakia
 
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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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Last Updated on January 31, 2016


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