You can monitor your cash balances and convert the remaining non-base currency balance(s) into your base currency in the Trader Workstation (TWS) Account window:
- In TWS, from the Account menu select Account Window
- Scroll down to the Market Value-Real FX Balance section
- Right-click on the balance you wish to close and select either Close Currency Balance to set up a closing order for that currency or Close All Non-base Currency Balances to set up closing orders for all of your non-base currency balances
- Once you have made your selection, you will now see the order(s) on your screen ready for submission.
Please Note
- The use of a Market (MKT) order type when performing a currency conversion may result in an order rejection due to margin requirements. A Limit (LMT) order may help you to avoid this. The limit price is the worst price you are willing to trade at; if a better price is available your order will be executed at a better price
- In case there is no direct pair between the currencies, such as in between CHF and HKD, then to convert your balance from one currency to the other, you will need to use a common currency.
- We will act to automatically convert non-Base Currency balances only where the balance is nominal (i.e., below USD 5 equivalent and assuming no subsequent trade activity through settlement) and when the customer requests to close the account (where the balances are below USD 1,000 equivalent).
- Currency balances will not necessarily match the Virtual FX Positions created to track P&L on Forex orders.
Additional Information