Interactive Brokers Fee for Base Currency Conversion??

JayC1977

Newbie
4 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..
 

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