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Submission",{"request_context":23,"type":24,"id":1177,"faq_id":1177,"timestamp":647,"cir_id":26},{"id":1181,"title":1182,"feedback_context":1183},"30140740","Order Types",{"request_context":23,"type":24,"id":1181,"faq_id":1181,"timestamp":990,"cir_id":26},{"id":1185,"title":1186,"feedback_context":1187},"452822890","Custom Indexing",{"request_context":23,"type":24,"id":1185,"faq_id":1185,"timestamp":647,"cir_id":26},{"id":1189,"title":1190,"feedback_context":1191},"340009115","Advanced Charts",{"request_context":23,"type":24,"id":1189,"faq_id":1189,"timestamp":647,"cir_id":26},{"request_context":23,"type":24,"id":1091,"faq_id":1091,"timestamp":990,"cir_id":26},{"request_context":23,"type":24,"id":983,"faq_id":983,"timestamp":1194,"cir_id":26},1794513356173,{"request_context":23,"type":295,"id":627,"faq_id":627,"timestamp":562,"cir_id":26},"https:\u002F\u002Fwww.interactivebrokers.com\u002Fibot",{"@type":1198,"server_version":1199,"session_id":1200,"id":1201,"question":1202,"answer":1203,"navigation":1204,"short_description":1217,"yt_id":1218,"similars":1219,"feedback_context":1253},"FAQ_BROWSER_CONTENT","JFaqHTTP6;149436184","987921af-4edf-4e97-b8b5-e4e3665044fd","35805233","How to pay a CAD debit with a USD credit?","\u003Cp>You can execute a \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Flib\u002Fcstools\u002Ffaq\u002F#\u002Fcontent\u002F27293227\">currency conversion order\u003C\u002Fa> on the symbol USD.CAD. You would place a sell order to convert USD into CAD and pay the CAD debit on the account.\u003C\u002Fp>\u003Cp>The quantity of the order is by default in terms of units of USD.\u003C\u002Fp>\u003Cp>If you wish to specify your order in terms of CAD to buy rather than USD to sell, click the Quantity field (in the Order Entry panel for Mosaic or on the order line in Classic). The default minimum quantity is displayed. Toggle the quantity from the default currency to the alternate currency as needed. For example, if the forex pair you're trading is USD.CAD, the default currency is USD and the quantity displayed is in US Dollars. When you toggle to the alternate currency (in this case CAD) the value will default to the equivalent USD value based on the current exchange rate. Modify the CAD quantity as needed and submit the order.\u003C\u002Fp>\u003Cp>\u003Cstrong>Additional Information\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.ibkrguides.com\u002Ftraderworkstation\u002Fcash-quantity-forex-orders.htm?Highlight=cash%20quantity\">Cash quantity for Forex orders\u003C\u002Fa> in our Users' Guide.\u003C\u002Fli>\u003C\u002Ful>",[1205,1211,1213,1215],{"id":627,"title":628,"feedback_context":1206},{"request_context":1207,"type":1208,"id":627,"faq_id":627,"timestamp":1209,"cir_id":1210},"faq-browser-public,faq-browser-1:JFaqHTTP6-9f1c5347-d3ea-4315-9aa5-725ac0fb16f3","FAQ_NAVIGATION",1794513356271,"04c98d9a-3eda-44d5-8789-51269f22297d",{"id":821,"title":822,"feedback_context":1212},{"request_context":1207,"type":1208,"id":821,"faq_id":821,"timestamp":1209,"cir_id":1210},{"id":893,"title":894,"feedback_context":1214},{"request_context":1207,"type":1208,"id":893,"faq_id":893,"timestamp":1209,"cir_id":1210},{"id":897,"title":898,"feedback_context":1216},{"request_context":1207,"type":1208,"id":897,"faq_id":897,"timestamp":1209,"cir_id":1210},"\u003Cp>You can execute a \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Flib\u002Fcstools\u002Ffaq\u002F#\u002Fcontent\u002F27293227\">currency conversion order\u003C\u002Fa> on the symbol USD.CAD. You would place a sell order to convert USD into CAD and pay the CAD debit on the account.\u003C\u002Fp>\u003Cp>The quantity of the order is by default in terms of units of USD…\u003C\u002Fp>","m0T_g6FBhcs",[1220,1232,1239,1246],{"id":1221,"title":1222,"feedback_context":1223,"short_description":1226,"source":1227},"43893342","How much do you charge for spot currencies?",{"request_context":1207,"type":1224,"id":1221,"faq_id":1221,"timestamp":1225,"cir_id":1210},"FAQ_SIMILAR",1794513356308,"\u003Cp>IBKR offers competitive commissions on spot currency trades and conversions, starting at 0.20 basis point * trade value, with a minimum of 2.00 USD (or USD currency equivalent) per order.\u003C\u002Fp>\u003Cp>Commissions for spot currency trades are calculated off the trade value in terms of the second currency of the pair and then converted and charged to the base currency of the account…\u003C\u002Fp>",{"id":1228,"title":1229,"link":1230,"sourceType":1231},"faq","IBKR FAQs","https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=43893342","FAQ",{"id":1233,"title":1234,"feedback_context":1235,"short_description":1236,"source":1237},"47455975","Can I place an order in dollars rather than the number of shares?",{"request_context":1207,"type":1224,"id":1233,"faq_id":1233,"timestamp":1225,"cir_id":1210},"\u003Cp>You can create a stock order for a specific dollar amount by adding the \"Quantity Value\" column to your TWS or by setting up a default Size Amount in your Order Presets.\u003C\u002Fp>\u003Cp>To add the \"Quantity Value\" column, click on the configure wrench in the upper right corner of the window window and select \"Configure\". Click on the \"Order Columns\" tab and expand the \"Quantity\" section under \"Available Columns. Highlight \"Quantity Value\" and click the Add button in the middle followed by Apply and OK at the bottom. Once the column is added, simply enter the dollar amount you want to buy or sell. For a buy order, enter the debit amount you want to spend. For a sell order, enter the amount you want to receive as a credit. Based on the current bid\u002Fask, your value gets rounded up or down to the nearest number of shares at the current trading price of the stock. Please note, the minimum order size will always be 1 standard lot (equal to 100 shares) regardless of the amount you enter…\u003C\u002Fp>",{"id":1228,"title":1229,"link":1238,"sourceType":1231},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=47455975",{"id":1240,"title":1241,"feedback_context":1242,"short_description":1243,"source":1244},"76127245","How do I use cash quantity for Forex orders in TWS?",{"request_context":1207,"type":1224,"id":1240,"faq_id":1240,"timestamp":1225,"cir_id":1210},"\u003Cp>You can have the system calculate the order quantity for Forex orders based on a monetary value that you specify.\u003C\u002Fp>\u003Cp>To use this “Cash Quantity” feature, set up your currency pair order and click the \u003Cstrong>Quantity\u003C\u002Fstrong> field (in the Order Entry panel for Mosaic or on the order line in Classic). The default minimum quantity is displayed. Toggle the quantity from the default currency to the alternate currency as needed. For example, if the forex pair you’re trading is EUR.USD, the default currency is EUR and the quantity displayed is in euros. When you toggle to the alternate currency (in this case USD) the value will default to the equivalent USD value based on the current exchange rate. Modify the USD quantity as needed and submit the order…\u003C\u002Fp>",{"id":1228,"title":1229,"link":1245,"sourceType":1231},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=76127245",{"id":1247,"title":1248,"feedback_context":1249,"short_description":1250,"source":1251},"34473353","How do I calculate the Pip value for my currency trade?",{"request_context":1207,"type":1224,"id":1247,"faq_id":1247,"timestamp":1225,"cir_id":1210},"\u003Cp>By default, Forex order quantity is defined in terms of units of the first currency of the pair. The concept of Forex lots does not apply at IBKR.\u003C\u002Fp>\u003Cp>The pip (the equivalent of a tick in most other asset classes) value varies depending on the particular currency pair and the amount of cash being traded. The definition of a pip is; the smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point (for most pairs this is the equivalent of 1\u002F100th of one percent, or one basis point). As a result of this, the value of a pip is going to be dependent on the quantity that is being traded. In order to determine the pip value a trader needs to know the following information:…\u003C\u002Fp>",{"id":1228,"title":1229,"link":1252,"sourceType":1231},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=34473353",{"request_context":1207,"type":1254,"id":1201,"faq_id":1201,"timestamp":1209,"cir_id":1210},"FAQ_CONTENT"]