roguetrader
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Does IB have any reps trolling these boards like for example eSignal?
pcholistic
Newbie
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I am also considering IB for trading YM. Is there any additional charges for routing, modifying order, cancelling order, SEC fees, etc, etc??? Thanks for the help!
I have a question regarding IB.
If you elect for the account to be based in UK£ how does IB deal with the translation into US$ if one deals in US instruments. Do they charge anything for this and I assume you're just exposed to the US$ UK£ risk while the position is open. When it's closed I assume they would re-translate the transaction at whatever the rate is at the time the deal is closed. I've trawled through their web site but couldn't find anything on it.
Many thanks in anticipation.
If you elect for the account to be based in UK£ how does IB deal with the translation into US$ if one deals in US instruments. Do they charge anything for this and I assume you're just exposed to the US$ UK£ risk while the position is open. When it's closed I assume they would re-translate the transaction at whatever the rate is at the time the deal is closed. I've trawled through their web site but couldn't find anything on it.
Many thanks in anticipation.
peto
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Tuffty said:
Not exactly. When you close your first u.s. position your profit (loss) will show as a dollar credit ( or debit) balance, and your £ balance will show as unchanged. The dollar balance will continue to accumulate in this way until you convert them back to ££ on their 'IDEAL' exchange, which is executed like any other trade on TWS. No charge, just the bid-ask spread
pete
pcholistic
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Great! Thanks for the help! I can rest easy knowing there is no 'hidden' charges =)
juanbyte said:
