The automatic currency conversion required to settle your stock trade will be handled by IBKR using a conversion rate based on the prevailing foreign exchange market rates at the time of the execution. This conversion rate may include an adjustment above the standard market rate to account for settlement cycle differences, associated risks, and costs.
For currency trades executed under the AutoFX functionality, IBKR applies a typical adjustment of 0.03% to the exchange rate (at its discretion). Please note that IBKR does not charge a separate commission for these automatic conversions. Detailed information about applicable rates and fees is available on the Commission and Fees page of our website. We encourage you to review this information to understand the charges for your trades.
Additional Information