IBKR clients that are eligible can trade stocks/equities on Nextrade (NXT) Monday – Friday from 8:00am – 8:00pm Korea Standard Time (KST).
Use the button above or follow the procedure below to request stock permissions for NXT:
- Log in to Client Portal
- Select the User menu (head and shoulders icon in the top right corner) followed by Settings
- Under Account Settings find the Trading section
- Click on Trading Permissions
- Locate Stocks section, select Add/Edit or Request under Stocks and check the box next to Korea and click on CONTINUE.
- Review and sign the disclosures and agreements.
- Click CONTINUE and follow the prompts on screen.
Currency Limitations
- KRW is a restricted currency at IBKR. We do not allow clients to open currency positions in KRW. USD.KRW is available solely for the purpose of closing KRW balances as a result of trading KRW-denominated products.
Cash Account
- When you make a purchase on Korean equities and do not have an existing KRW cash balance, IBKR automatically converts other available cash in the account into KRW to cover the purchase.
- When you sell a Korean stock, you receive KRW cash from the sale, which can be used for future investments. If you wish to convert the KRW proceeds back into USD, you may place an order to buy the USD.KRW pair to flatten the KRW cash balance.
Margin Account
- When you make a purchase on Korean equities and do not have an existing KRW cash balance, you will create a debit balance in KRW after the purchase. You may keep the negative cash balance in the account, subject to interest charges, or you may choose to perform a currency conversion to close your negative KRW cash balance.
- When you sell a Korean stock, you receive KRW cash from the sale, which can be used for future investments. If you wish to convert the KRW proceeds back into USD, you may place an order to buy the USD.KRW pair to flatten the KRW cash balance.
Please Note
- IBKR cannot disclose its eligibility requirements for products. Please do not contact Customer Service to ask for these criteria as they cannot provide additional information.
- Due to local regulations, residents of Korea are not eligible to trade on NXT through IBKR.
- Available: Purchases of eligible Common Stock and Preference Stock listed on KOSPI and KOSDAQ.
- Not available: Short selling is not permitted.