You can invest in foreign products with a Cash account as long as you have a settled cash balance in the currency of denomination of the product. If you do not, you will first need to convert some of your funds to the currency of the foreign product.
Please Note
- Generally you must wait for settlement of the FX conversion (normally 2 working days) before you can execute the trade in the product denominated in a foreign currency.
- In a Cash account, the FX order commission is charged in your Base Currency. You must have enough cash in your Base Currency to execute a currency conversion in a Cash type account.
Alternatively, you can request an upgrade to a Margin account, which allows you to automatically borrow the funds required to open such positions. See: How do I upgrade from a Cash type account to a Margin type account?
To be upgraded to a Margin account, you must meet the eligibility requirements. Requests are reviewed by the IBKR Risk and Compliance Departments, and approval typically takes 24 to 48 hours.
Additional Information
- See how to convert currency in IBKR Mobile for iOS
- See how to convert currency in IBKR Mobile for Android
- See how to convert currency in Client Portal
- How do I convert currency in Client Portal?
- How do I convert currencies in IBKR Mobile?
- How do I convert currency in TWS?
