If you selected USD as your base currency, your account values will be shown in USD even if you are holding foreign currency or products denominated in a different currency. If you would like to see your current currency balances, open the Account window by clicking the Account menu option followed by Account Window. Scroll down to the Market Value- Real FX Balance section and you will see all of your currencies listed and their respective balances.
When you deposit funds into your Interactive Brokers (IBKR) account, you may notice that the deposited amount initially appears in the "total cash" balance rather than in your specific currency balance (e.g., GBP, USD, EUR). This is a normal and temporary situation. Here's what you need to know:
- Initial appearance:
- Newly deposited funds are first reflected in the "total cash" balance of your account.
- This is a standard procedure and does not indicate any issues with your deposit.
- Transition to specific currency balance:
- The funds will typically be moved to the appropriate currency balance shortly after being credited to your account.
- The time it takes for this transition can vary, but it usually occurs within a short period.
- Availability for trading:
- Even while the funds are showing in the "total cash" balance, they may already be available for trading.
- You can check your account to see if the funds are usable for transactions despite not yet appearing in the specific currency balance.
- Monitoring your account:
- Keep an eye on your account balance over the next day or two.
- You should see the funds move from the "total cash" balance to your specific currency balance (e.g., GBP) automatically.
Note
- This temporary display in the "total cash" balance is part of IBKR's standard processing procedure for deposits. It ensures that your funds are quickly reflected in your account while the system completes the necessary steps to allocate them to the correct currency balance.