Is there a minimum order size?

IBKR offers clients the ability to convert currency, either to establish a cash position or trade foreign products.

To place a currency trade in Client Portal:…

Interactive Brokers (IBKR) has a minimum size of 1,000 face value, however, minimum sizes for Bonds have two additional considerations – a Minimum Order Size and a Minimum Trade Size.

The Minimum Order Size (and increment) is established by the issuer as stated in the bond’s prospectus, and opening orders may not be submitted for quantities below this minimum. The Minimum Order Size will automatically appear in the trade ticket when creating an order, and investors may use the…

The minimum to buy fractional shares:

• If you enter an order using shares, a minimum of 0.0001 share must be entered.
• If you enter an order using amount, a minimum of 0.01 cent must be entered for most currencies and  a minimum of JPY 1…

By default, Forex order quantity is defined in terms of units of the first currency of the pair. The concept of Forex lots does not apply at IBKR.

The pip (the equivalent of a tick in most other asset classes) value varies depending on the particular currency pair and the amount of cash being traded. The definition of a pip is; the smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point (for most pairs this is the equivalent of 1/100th of one percent, or one basis point). As a result of this, the value of a pip is going to be dependent on the quantity that is being traded. In order to determine the pip value a trader needs to know the following information:…