Interactive Brokers Fee for Base Currency Conversion??


8 1
I have £2500 GBP in my IB account which I'd like to close and convert to my base currency (USD). I go to the account tab in the TWS, then right click on the GBP amount and choose close currency balance, this sets up a new window with all details filled in, but the conversion is saying it will take $165 from my account, it should only be $2.50. The charges item says 2... 2.50, but the current, change and post trade show a $165 dollar loss on the conversion. Does anybody know why it is so expensive in this instance??

Many thanks..
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock