IBKR allows European clients (IBIE) to convert currency, but limits the trading permissions for Forex trading (leveraged FX) known as Leveraged Forex. IBKR does not support Foreign Exchange transactions that would create a negative balance or would increase a pre-existing negative balance in either component currency. However, the same currency pairs can be traded as Forex CFD. Contracts For Difference are complex instruments, and we invite you to carefully review the CFDs risk warnings before trading these instruments.
Please Note
- IBKR Ireland accounts are not allowed to withdraw funds on margin due to regulatory reasons.
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
- What are the requirements to qualify for CFD trading permissions?
- Where are the ESMA's new CFD Rules for Retail investors on the IBKR website?
- How do I request CFD trading permissions?
