FX Handling and the IBUKL Junior Stocks and Shares ISA

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.

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…

Interactive Brokers will automatically convert currencies when trading non-GBP denominated securities. To do this, Interactive Brokers will engage in “spot” currency transactions on your behalf in order to settle your buy orders or convert the proceeds of a sell order. For opening orders Interactive Brokers will base the exchange rate off the spot exchange rate at the time of trade plus our 0.03% fee. For closing orders any non GBP balances will be closed at the end of the trading day at the closing exchange rate of the day plus our 0.03% fee…

In your ISK account we will automatically convert currencies when trading non-SEK denominated securities, as well as sale proceeds. To do this, we will engage in “spot” currency transactions on your behalf in order to settle your buy orders or convert the proceeds of a sell order. For opening orders we will base the exchange rate off the spot exchange rate at the time of trade plus our 0.03% fee. For closing orders any non-SEK balances will be closed at the end of the trading day at the closing exchange rate of the day plus our 0.03% fee…

Interactive Brokers’ interest rates are based on the benchmark rates for each currency and may change daily. These benchmarks use a combination of internationally recognized reference rates (such Fed Funds), bank deposit rates, and dynamic interbank rates determined from foreign exchange and money markets to calculate an IBKR Reference Benchmark rate…