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facilitate multi-currency trading for orders entered through IMPACT or any other IB trading platform. This means that you can purchase assets that trade in currencies other than your base currency without first having to manually complete a currency conversion.\u003C\u002Fp>\u003Cp>To do this, IBKR engages in \"spot\" currency transactions on our clients' behalf, to settle the client's buy orders when their account does not have a sufficient amount of the currency in which the security being purchased is denominated (the \"Trade Currency\"). This conversion service is automatic and provided by IBKR to make it simpler to trade products denominated in a currency different from your account’s base currency. \u003C\u002Fp>\u003Cp>\u003Cstrong>Note\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>Automatic Currency Conversion is only supported for Non-US resident accounts opened through IMPACT.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003Cstrong>Additional Information\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>Please read the full disclosure regarding the \u003Ca href=\"https:\u002F\u002Fndcdyn.interactivebrokers.com\u002FUniversal\u002Fservlet\u002FRegistration_v2.formSampleView?formdb=4338\">Automatic Currency Conversion Feature of IMPACT accounts\u003C\u002Fa>. \u003C\u002Fli>\u003C\u002Ful>",[1207,1213,1215,1217],{"id":628,"title":629,"feedback_context":1208},{"request_context":1209,"type":1210,"id":628,"faq_id":628,"timestamp":1211,"cir_id":1212},"faq-browser-public,faq-browser-1:JFaqHTTP5-88780abf-04d2-4c13-ac0a-2fb6a7b2f014","FAQ_NAVIGATION",1794526168601,"086f0696-bc77-4f2c-9e17-289fb5f662ee",{"id":821,"title":822,"feedback_context":1214},{"request_context":1209,"type":1210,"id":821,"faq_id":821,"timestamp":1211,"cir_id":1212},{"id":894,"title":895,"feedback_context":1216},{"request_context":1209,"type":1210,"id":894,"faq_id":894,"timestamp":1211,"cir_id":1212},{"id":898,"title":899,"feedback_context":1218},{"request_context":1209,"type":1210,"id":898,"faq_id":898,"timestamp":1211,"cir_id":1212},"\u003Cp>\u003Cstrong>Only Non-US resident accounts opened through IMPACT are eligible for automatic currency conversion.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>For these accounts, IBKR will automatically convert currencies to facilitate multi-currency trading for orders entered through IMPACT or any other IB trading platform. This means that you can purchase assets that trade in currencies other than your base currency without first having to manually complete a currency conversion…\u003C\u002Fp>",[1221,1234,1242,1250],{"id":1222,"title":1223,"feedback_context":1224,"short_description":1227,"source":1228,"slug":1233},"29954350","Do you automatically convert the sales proceeds from my closing stock trade to my Base Currency?",{"request_context":1209,"type":1225,"id":1222,"faq_id":1222,"timestamp":1226,"cir_id":1212},"FAQ_SIMILAR",1794526168625,"\u003Cp>Once you close a security position which is denominated in a currency other than your Base Currency, the proceeds will remain in that non-Base Currency and subject to exchange rate risk until such time you either \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Flib\u002Fcstools\u002Ffaq\u002F#\u002Fcontent\u002F111454768\">perform a currency conversion\u003C\u002Fa>…\u003C\u002Fp>",{"id":1229,"title":1230,"link":1231,"sourceType":1232},"faq","IBKR FAQs","https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=29954350","FAQ","automatically-convert-sales-proceeds-closing-29954350",{"id":1235,"title":1236,"feedback_context":1237,"short_description":1238,"source":1239,"slug":1241},"696234803","What happens to small non-base currency balances in my account?",{"request_context":1209,"type":1225,"id":1235,"faq_id":1235,"timestamp":1226,"cir_id":1212},"\u003Cp>Interactive Brokers (IBKR) has a specific process for handling small non-base currency balances in your account. Here is a comprehensive overview:\u003C\u002Fp>\u003Cul>\u003Cli>Automatic Conversion:\n\u003Cul>\u003Cli>IBKR automatically converts nominal balances of non-base currencies…\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Fli>\u003C\u002Ful>",{"id":1229,"title":1230,"link":1240,"sourceType":1232},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=696234803","happens-small-non-base-currency-696234803",{"id":1243,"title":1244,"feedback_context":1245,"short_description":1246,"source":1247,"slug":1249},"464393371","Can I trade Forex and convert currencies at Interactive Brokers Securities Japan (IBSJ)?",{"request_context":1209,"type":1225,"id":1243,"faq_id":1243,"timestamp":1226,"cir_id":1212},"\u003Cp>Currency conversion at IBSJ must be connected to an investment service transaction (purchasing a stock, for instance) and its resulting cash flows. To comply with this regulation, clients can make a currency conversion in a trading platform only to close the negative balance from borrowing. In other cases, IBSJ makes a conversion automatically…\u003C\u002Fp>",{"id":1229,"title":1230,"link":1248,"sourceType":1232},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=464393371","trade-forex-convert-currencies-interactive-464393371",{"id":1251,"title":1252,"feedback_context":1253,"short_description":1254,"source":1255,"slug":1257},"1415070607","How does funding work for crypto-asset orders?",{"request_context":1209,"type":1225,"id":1251,"faq_id":1251,"timestamp":1226,"cir_id":1212},"\u003Cp>When you place a buy order, the money is automatically moved from your IBIE brokerage account and transferred to zerohash.  If you are buying crypto-assets and the purchase price is in a currency other than the currency in your brokerage account, IBIE will automatically convert your currency into the purchase currency through carrying out an FX spot transaction and you will be charged the usual commissions for that transaction…\u003C\u002Fp>",{"id":1229,"title":1230,"link":1256,"sourceType":1232},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=1415070607","funding-work-crypto-asset-orders-1415070607",{"request_context":1209,"type":1259,"id":1203,"faq_id":1203,"timestamp":1211,"cir_id":1212},"FAQ_CONTENT","there-automatic-currency-conversion-cross-226101733"]