What is IdealPro?

Available Forex pairs can be found on the IDEAL PRO exchange page. Find out more about trading spot currencies on the IBKR website from the Spot Currencies…

Overview:

In the international forex cash market (known as the Spot Market) currencies are traded in pairs. The first currency in each pair is known as the Transaction Currency, while the second currency in the pair is the Settlement Currency. The quantity bought and sold will apply directly to the Transaction Currency, while the gains and losses from transactions will apply to the Settlement Currency. When you buy a currency pair you are going long the Transaction Currency while simultaneously shorting the Settlement Currency. Conversely, when you sell a currency pair you are shorting the Transaction Currency while simultaneously buying the Settlement Currency. Since the forex market is foreign exchange, each transaction must contain one currency against another…

IBKR offers trading in the following currency-related products:

• Spot Forex through our Ideal Pro interbank trading venue
• CME futures which deliver spot currencies and options on futures delivering the futures contract…

IBKR does not offer FX Forward contracts. IBKR does, however, offer trading in the following currency-related products:

• Spot Forex through our Ideal Pro interbank trading venue
• CME…